The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1902-07-08

atorS hereinafter named arc doeiroro of
forming a corporation for the rurnoso of
engaging IN the patriotic undertaking of
generating on Rcauoke Island tho land
ing and settlement of Sir Walter Raj
e1Sh,s Colonies, being the first Ene,ieb
se''lement IN America, and the birth oe
virginia Dare. the first Anglo America.
and
whereas, II s desired that said corpor-
"'ioh snail possess certain tights powers
II privileges which cannot be secul ed
cnuer the general law for the formation
o. corporations, among which is tho
right power and privilege Of construct
lhg' operating and maintaining a railroad
or railroads, and he eyemntion from cor
tain taxes and penalties prescribed for
ordinary business corporations. tharo-
fore
Sec. 2. That
'Here will be inserted the names of
the one hundred incorporation PROPOSED,
ana Such other persons as may become
associated with them as stockholders.
anu lhelr successors, be and they aye
heiepy created a body polite and cor
Forate under the name Of '"1he Roanoke
Island Celebration Company" and as
sGch body polite and corporate shall
have all the rights, powers and privi-
lcges granted to corporations fy Chan
ter z of the Acts of the General Assem-
bly, OF 1901. or such acts as are nov
passed or may hereafter be passed for
inc regulation of corporations generally:
but shall not be subject to anv of the
liabilities and penalties imposed in said
Chapter 2 of the Acts of the General AS
Semhly of 1901
Sec. B. That q majority of said incor-
pOrat0rc in nnrro, ~, -,
in the organization of said CORPORATION
and the doing of such other acts as
are not delegated to the Board of Ui &C
tors.
Sec. !. That the principal office of said
corporation shall be at Raleigh, \. c.,
but the Board of Directors may change
same TO Elizabeth City, n. c.. or -
place on Roanoke Island. or may
cIen branch Offices at any place de-
sired.
Sec. 5. That said corporation shall have
full power and authority to m or
g"nize and conduct, on Roanoke Island
and such other adjacent places as the
may select, a Celebration
OF the Landing and Settlement of Sir
Walter Raleigh's Colonies OF Roanoke Is
land. the birthplace of Virginia Dare,
the first AnglO-Amcrican, and the cradle
of American Civilization: and to hold
as a part of such Celebration and Ex-
of Indian and Colonial Relics.
Implements, Weapons, Utensils, Curios.
Documents, Maps, Surveys and Books,
illustrative Of that period. anG such other
objects of historical and educational
value as will show the progress of our
race on this continent. AMI that the
said corporation shall have FIJI power
,n1 --{I ~~s+ - -I
acts and things, not unlawful 1rdcr the
of this State, as may be doomed
necessary or proper for the successful,
prosecution of the above objects.
Sec. 6. That the capital stock of said
corporation shall be two hundred and
fifty thousand dollars, divided into fifty |
shares of the par valu, of five
dollars each; but the said corporate IN
may begin business when ten thousand
dollars shall have been subscribed to
said capital stock.
Sec. Z. That TO stakeholder of said
shall be personally liable or
he contracts. obligations or torts of the
said corporation.
Soc. s. That said corporation shall have
full power and authority to build, ac-
.uirc, maintain and operate a railroad o"
railroads with one or more tracks from
point on roanoke Island to any other
on said island, with all the powers
privileges contained in Chapter ~,
vol. l of the Code of North Carolina
and the Acts of the General Assembly
thereto and amcndatory
and snail also have full power
to build, lease or otherwise acquire,
~,aintain and operate boats and vessels
Of 81 kinds for the carriage of freight
md passengers. charging rates, fares aid
oils therefor; and also 10 construct, ac-
and operate telegraph and tcle-
ohonc lines between any points on said
ISLAND and any other points, charging
'ates and tolls for the use c. same; and
4lso to build, lease or otherwise ac-
1uire, maintain and conduct one or more
hotels or restaurants on saiu island,
where guests and visitors may be pro-
,ided with food and accommodations; to
own lease and acquire real estate regui-
site for the Exposition and Celebration;
md to erect and construct electric plants
or power and tor lighting the exposition
Sec. .. That neither the State nor any
county, city or town shall. levy Or collect
NV license, privilege or any other tax
whatever on any of the property, stock,
franchises or business of the said corpo-
'&tion.
Sec. 10. That if work is not begun on
he business of said corporation within
years from the ratification OF TINS
act. then this charter shall become VOID
md of no effect, Otherwise it shall re
in full force and effect for the Pc
,;od of thirty years from tie date OF US
'atiication.
Sec. Il. That all laws and clauses OF
avs in conflict with this act are hcrcby
'epcalad.
Sec II. That this act shall be IN force
rom and after its ratification.
Honors to a Raleigh Boy.