The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1853-04-13

dseled. which nolire shall ss forth lhe
rspiisl of said company. number and val
~ ai shares, and lhe snbsiznre Of the said
srslrirs ofsgreemeni. aud where 40 news
paper - published IN said county. then in
sane nrsspaPer Published in some neigh.
h0rinz nnly.
Sec. 3. And be il further ensrsed,
That rs sigisr uf said letters palenl ,ha
said persaDs shii become and be cor
pprslioH zreoriing 10 lhe terms Of sasd
anlrles of agreement. and as such nav
sue and br suri. plead and be implraled.
10 all c.,uris aud before tribunals having
Jurisdiction sf lh~ subieci matter; have and
use common seal, alter and renew ihe
same a. PLEASURE. make all by-lsvs. rules
and regulations not inc ,nsisienl vi The
laws ol lhls State. necessary Tor The well
ordering and conducting lhe adasrs Of said
carpnaiion. and may take and l,eId or sell
all such real estate a. inay be necessary for
the transaction of their business. or for
the security uI collection OF their debts,
and shall further have all The powers gr4n:-
ed. aud he subject 10 all The llabilnies in
chapter 90. Revised S,aluies. respecting
Corporations. except that lle lime there
IA allowed shall be ext nded from thirty
TO ninety wears.
Sec. 4. BE il further enacted, That il
shall he lawful for any company liai nav
organ'ze under this srl TO ,lerlare any dl>
si,lend when the debts 81 The company
exceed their solvent credits.
See. 5. BE Il further enaried. Thai il
shall he ihe duty of SAID company On or
hflnre The expiration of each year alter
The nrganzaiInn Of any company under
this ACT, 10 cause 10 be made an exhibit
Of the am"untofihe receipts and disburses
menls of the company for the year next
pc. c ding. as also the disbursements and
credits Of said company. whlcI, EXHIBIT
shall be under the oslh Of The proper office
~ the company. andfled in the nfIice OIL
clerk of The county court of The codniy
wherein said COMPANY may have eslab.
li-hed their Business. which exhibit shall
at allu'nes he subject 10 the inspection Of
The public by said clerk.
Ser. 6. BE il further enacted, That az
soon MS said corporation shall be actually
oIaan'zrd by The elcriion of officers. the
money paid 10 The clerk as above required.
shall by him be paid over 10 the proper
officer iherenf.
H See. 7. Be il further enarieil, That The
letters patent Of the Governor shall in all
eases. in all courts and Jurisdictions in
this Sla,e be ,ieemed and taken as prima
. facie evidence Of the regular incorporation
. aud organization Of the company TO which
D such letters patent may be issued. and in
all questions Of pleading or any suil TO
I which said company may be a party,
a sucI, letters patent shall have the fullest
{ effect Of an act Of Incorporation By pub.
D lie law Of This Stale.
{ Ser. 8. BE il further enacted, I hat The
+ Secretary Of Stale shall record in hook
10 be krp, for that purpose. all such let
iers patent so issued as above, and in all
eases when the original letters patent are
lost or mislald, copies under the hand of
The Secretary shall be admitted as evidence
i in all controversies al law in like manner
as The originals.
III See. o. BE u further enacted, That no
i. corporations constituted by virtue of this
i. art shall engage in he business Of bank
II ing. except that il shall be lawful for said
u company To issue and 10 lake. and when
,g unnecessary To endorse all such bonds,
Y noles and bills Of exchange as may be me-
! ressary and. usual in their particular
j trade.
i Sec. 10. Be il further enacted. .rha,
!. for lbe services required 10 be performed
: by The several clerks of The county cnu,i
: byihe provisions Of This ACT. each c erk
c. shall be entitled 10 fee oi Iwu dollars
u. to he paid by The several companies to b.
l. performed in pursuance Of lhls act. ant
10 iI3t each company established in pursu,
al ance of the same, shall also pay The fee,
5 for publication, and shall be subject To The
S revenue laws of This State.
~ Sec. III. he il further enacted. Tha
nj this act shall be in lorce from aud after il
I'd ral,6ralion.
i Read three times and ratified in General Al
III sembly, this 22d day Of December, A. d. 1889
,p ~>~>-~~~>>-~~~~~~~~
d. A Burning Mountain. --An exchanr
ID paper says: +" rhe anthracite coal in ihs
e. parlof the Brnad Mountain called The ! ri
III cry Mountains near SchuyIkilI Haven
Q. Pa.) has been on FIRE for the Isst 6fiepl
an y ars. From. this Iacl. il is INV consid. re-
To dangerous to travel over ,he monntsin. a
y IL is supposed thai in many places the sui
TX fare is mere superficial crust ~ shell, ih
n coal having been consumed up to ihe sur
face, and hence the east pressure thereon
~ il is presumed, might break through AM
" let The. .advenlureT down into fiery valley
he below. Al the base OF The mountain IL
in one place stream of waller almost boil
all ing hoi comes oui. The saIlare Of lh
FL mountain presents desola,e apo .asc