The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-16
Artificial Legs Veterans
Continued from First Page.)

1
votes of a majority of the committee
He also said the committee should be
| erh-diyided into sections Of fifteen each
and stated that the number of members
on the committee i'll the future should
bc limited to fifteen. as the present
Ia,ga number on many of the commit
| ices made it almost impossible TO in
teIlicentIy consider bills, often a quorum
not being present and as often, out Of
so large a number, progress was i'm
| peded.
Mr. Doughton thought the matter could
he settled within the committee and
| should not be q subject of discussion or
resolution by the Legislature until it
was found impossible to thus dispose of
it. He moved that the whole matter be
referred tc the Committee on Rules, and
it was so ordered.
| CALENDAR
Bill to incorporate the Farmers and
| Merchants Bank, of Winton.
| Mr.. Lucas asked if the corporation
| laws did not provide for charters being
| taken out before The Secretary of State
and prohibit such incorporation by the
| Legislature.
Mr. Morton replied that banks, rail
ways and insurance companies were ex-
| cepted.
| Mr. Davidson inquired if the bill con-
tanned the clause in the corporation law
| making stockholders individually respon-
| sible to the extent of their stock, etc.
| He thought the exact language of the
| general law should be used so that some
uniformity of liability should exist.
| thereby protecting all from wild cat
ventures, not only denositors but stock
holders.
| Mr.. Smith withdrew the bill to exam
| inc it. and the bill TO incorporate the
| Bank Of Kernersville was taken up. Mr.
| Doughton called attention to section 8
| of the Constitution. which declared that
\ special legislation should not be invoked
when the general law made it possible
TO obtain the object sought.
| Mr. Carr said if the corporation law
relieved the Legislature he should OPP
| pose setting any such precedent. Mr..
| Graham read from the corporation law
and explained how it was that bills of
| this character could only be passed by
| the Legislature.
| Mr. Mccall, of Davidson, spoke for the
passage of the bill, saying the Bank of
| Kernersville was already doing business
and greatly needed its charter His
| opinion was that the Legislature was
] the proper authority to grant the char
| ter.
| Mr.. Davidson objected to the BILL be-
cause it did not contain the provision of
| the corporation law requiring response
bilty of stockholders to extent of their
| interest. He said the bill under con-
| sideraton was much more Objectionable
| than the Winton bank bill, because it
| especially exempted stockholders from
| individual liability, something that
| should never be allowed. He then Of
| fered an amendment providing for indi
vidual liability of stockholders, etc,
using the language of the corporation
| law, and to strike out section s, exempt
| ing stockholders from individual liza
| bility.
J Mr. Smith said he was glad Mr.. David
son had called attention to these mat
| ters and moved that the bills be re-
| referred to the Committee on Banks, and
made 4 special order for today at
| 1870 O'Clock, which was agreed to.
| The bill chartering the Caney River
Railway Company coming up, Mr.. Lucas
objected saying he should oppose right
now issuing any charter by the Legis
/
| corporation law. 1t would cost the State
| thousands of dollars in lost time of this
| Legislature.
! Mr.. Morton objected because it gave
| the rimht of eminent domain to a private
| saw mill and tram-road company. He
| offered an amendment providing that the
| right of condemnation should not be
| granted
| Mr.. Ray, of Yancey, said the object OF
| the company was strictly for public
| railroad purposes, and the charter was
an exact copy of others in the public
laws. The company was already engaged
| in developing the section and was build
| Jig a large hotel, etc. 1t would come
directly under the control of tine Corpo-
| ration Commission.
| Mr.. Morton said his only object was to
prevent giving the right of eminent do
main to a private corporation, and since
the explanation was satisfactory, he
| withdrew his amendments and objec-
| tions.
The bill then passed its several read
! ings and was ordered enrolled.
COST OF PENITENTIARY.
| State Treasurer Lacy in response to
! a resolution asking the cost of the penl-
| Tertiary buildings, sent in commuhlca-
ton stating there was no data OBTAIN
able in the Treasury Department OF such
cost.
| Superintendent of the Penitenuary
! Mann responded that he considered the
buildings worth their original cost, which
was said to be one and a quarter million
dollars. There was no record of the cost
| obtainable The total number of inmates
was one hundred and forty. The COM
munications were referred to the Com
| mittee On Penal Institutions.
THE CODE QUESTION.
Senate bill providing for a Joint COM
mittee of eight to look into the ques-
tion of Code Commission and prepare
q bill to that effect, coming UP, was OPP
rosed by Mr.. Graham, who said it was
going to be a very expensive thing, cost
ing a great deal of money. He was
anxious to see a Code Commission pro-
vided if the State was able to pay for
| it. He moved that it be referred first
| to the Finance committee.
| Reference to the committee was OPP
posed by Messrs. Newland. Smith, Nor
| cniOp White Of uaI Nc