The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-06
Charter of the Roanoke Island Cele-
bration Company,

lima do enact
Section l. That, whereas the incorpor-
ators hereinafter named are DESTROYS Of
forming corporation for the purpose of
| engaging in the patriotic undertaking Of
| celebrating on Roanoke Island the land
ing and settlement of Sir Walter Raj
eigh's Colonies, being the first English
settlement in America, and the birth of
Virginia Dare. the first Anglo American;
and
! Whereas, it is desired that said corpor-
alton shall possess certain rights powers
and privileges which cannot be secuI ed
Under the general law for the fol nation
OF corporations, among which is the
right, power and privilege of construct
ing, operating and maintaining a railroad
or railroads, and The exemption from GER
tain taxes and penalties prescribed for
ordinary business corporations; there
fore
Sec. 2 That
(Here will be inserted the names of
the one hundred incorporators proposed)
and such other persons as may become
associated with them as stockholders.
and their successors, be and they are
hereby created a body polite and cor
porate under the name Of "The Roanoke
Island Celebration Company, and as
such body polite and corporate shall
have all the rights, powers and privi-
leges granted to corporations Ey Chap
ter of the Acts of the General Assem-
bly, of 1901. or sucn acts as are now
passed or may hereafter be passed for
the regulation of corporations generally
but shall not be subject to anv of the
liabilities and penalties imposed in said
Chapter of the Acts of the General AS
sembly of 1901 :.
Sec. 3. That majority of said incor-
porators, in person or by proxy MAJ act
in the organization of said corporation
and the doing of such other acts as
are not delegated to the Board of Di &c
tors.
Sec. I. That the principal office of said
corporation shall be at Raleigh, y. c.,
but the Board of Directors may change
same TO Elizabeth City, n c., or -
some place on Roanoke Island, or may
oren branch Offices at any place de-
sired.
Sec. 5. That said corporation shall have
full power and authority to promote, or
ganize and conduct, on Roanoke Island
and such other adjacent places as the
|
of the Landing and Settlement of Sir
Walter Raleighs Colonies or Roanoke Is
land, the birthplace of Virginia Dare
the first Anglo American, and the cradle
of American Civilization; and to hold
as a part of such Celebration and EX-
position of Indian and Colonial Relics
Implements, Weapons, Utensils, Curios
Documents, Maps. Surveys and Books
Oh f11NV
objects of historical and educational
value as will show the progress of our
race on this continent. And that tho
said corporation shall have fTii power
and authority TO do and perform all such
acts and things, not unlawful rider the
laws of this State, as may be deemed
necessary or proper for the successful
prosecution of the above objects.
Sec. 6. That the capital stock of said
corporation shall be two hundred anC
fifty thousand dollars, divided into City
thousand shares of the par value of Ave
dollars each; but the said corporali N
may begin business when ten Thousand
dollars shall have been subscribed tC
said capital stock
Sec T. That no stakeholder of sale
corporation shall be personally liable '0l
|
said corporation.
Sec s. That said corporation shall have
, full power and authority to build ac'
CURE maintain ard operate railroad o.
railroads with one or more tracks from
any point on Roanoke Island to any othc'
point on said island, with all the powers
; and privileges contained in Chapter A.
Vol l of the Code of North CAROLYN;
, and the Acts of the General Assembly
, supplemental thereto and amendator!
thereof; and snail also have full powe'
to build, lease or otherwise acquire
, llaintain and operate boats and vessels
of all kinds for the carriage of freign
and passengers. charging rates, fares 2Lt
tolls therefor; and also 10 Construct, &C
0uire and operate telegraph and tele
phone lines between any points on sai'
, island and any other points, charging
, rates and tolls for the use c. same; an'
; also to build, lease or otherwise &C
quire, maintain and conduct one or NOR
, hotels or restaurants on said island
where guests and visitors may be pro
vided with food and accommodations t.
own lease and acquire real estate reqpl
site for the Exposition and Celebration
and to erect and construct electric plant
, for power and Cor lighting the exposition
o grounds
Sec. 8. That neither the State nor an
= county, city or town shall levy or collec
/ any license, privilege or any other ia
= whatever on any of the property, stool
. franchises or business of the said corpo
e ration.
o Sec. 10. That if work is not begun o
s the business of said corporation with
q two years from the ratification of thi
: act. then this chartrr shall become vol
and of no effect, Otherwise it shall re
main in full force AMI eject for the pc
v Rod of thirty years from tie date of t
= ratification.
r Sec Il That all laws and clauses {
r laws in conflict with this act are hereb
d repealed
: Sec. IL. That this act shall be in fore
Q from and after its ratification