North Carolina - Acts on Education Topics

An Act to Charter Farmer's Institute in Randolph County.

1899 Private Laws: Chapter 374

Private Laws of the State of North Carolina Passed in 1899 - Pages 1047-1048.

The General Assembly of North Carolina do Enact:

Section 1. That C. H. Lewis, Marvin Kearns, M. F. Lassiter, Ivy Dorsett. Clark Johnson, Ivy Johnson and Gideon Macon, of Randolph, their associates and successors, are hereby constituted and declared a body politic and corporate for educational purposes under the name and style of Farmer's Institute, an institution of learning situated at Farmer, Randolph County, and by that name may have succession for sixty years, may sue and be sued, plead and be impleaded, contract and be contracted with, to have and to hold the buildings, grounds and all the other appurtenances thereunto belonging, and such other lands and buildings as may be necessary for the conduct of an educational institution; the said trustees to have the authority to make such by-laws and regulations and rules for the government of said institution, as they and their successors may consider best.

Sec. 2. That at the next annual meeting of the trustees on the first Saturday in July, eighteen hundred and ninety-nine, certificates of stock shall be issued to those who contributed to the erection of the school building and the purchase of the land (five dollars being a share of stock), said certificates to be duly signed by the secretary and the president of the board of trustees.

Sec. 3. That all vacancies in the board of trustees caused by death or otherwise shall be filled by a vote of the stockholders, according to the number of shares held, at the annual meeting each year, which shall be held on the first Saturday in July; Provided, however, that a majority of the stockholders at a regular meeting may change the time of holding the annual meeting by giving thirty days' notice in some newspaper published in Randolph County.

Sec. 4. That the liabilities of said institution shall affect the property of the institution only, and not the private credit and property of the trustees or stockholders as individuals.

Sec. 5. That the said trustees and their successors shall be authorized to appoint and elect such officers and teachers as they may consider to serve the interests of the institution and the cause of education.

Sec. 6. This Act shall be in force from and after its ratification.

Ratified the 8th day of March, A.D. 1899.

Daniel L. Russell, Jr., Governor
Charles A. Reynolds, Lt. Governor and President of the Senate
Henry Groves Connor, Speaker of the House of Representatives

State of North Carolina,
Office of Secretary of State,
Raleigh, April 28th, 1899.

I, Cyrus Thompson, Secretary of State, hereby certify that the
foregoing (manuscript) are true copies of the original acts and reso-
lutions on file in this office.

Cyrus Thompson,
Secretary of State.

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