1887_private laws_55_2
CHAPTER 54 An act to amend the charter of the ** Western Carolina Educational Company. The General Assembly of North Carolina do enact : .
That the charter of the  Western Carolina Educational Company, filed in the office of the clerk of the superior court of Henderson county on the ninth day of March, eighteen hundred and seventy-four, shall be so amended as to read as follows: C. M. Pace, J. 8 Barnett, S. V. Pickens, J. Williams, W. A. Smith, W. A. J. Barnett, D. B. Nelson, W. G. B. Morris, M. C. Toms, E. B. Clayton, d. B. Boone, G. C. Briggs, Richmond Pearson, J. L. Carroll, G. S. Jones and others, stockholders, and their associates and successors, be and they are hereby declared to be a body politic and corporate, as a joint stock company, to be known and distinguished by the name and style of the  Western Carolina Educational Company, for the purpose of establishing and maintaining in the town of Hendersonville, in the county of Henderson, under the auspices of the Baptist denomination, a collegiate institution of learning for the education of youths, known as Judson College. And the said company shall be invested with all the rights and privileges contained in chapter sixteen, volume qne, of The Code ef North Carolina, so far as they are applicable to such corporation, and are not inconsistent with the provisions of this act; and by said name and style the said company shall have succession for and during the term of fifty years from and after the date of said charter filed as aforesaid; and may have a corporate seal, and shall be able and capable in law to sue and be sued, plead and be He pleaded in all the courts, and shail have power to keep open books of stock subscription, to take, receive and possess all moneys, goods and chattels which may be given to them, and shall apply the same ace cording to the wish of the donors to the purpose herein declared, andshall have power to purchase or otherwise to take, hold and possess lands and tenements, and such real and personal estate as may be deemed by them necessary to accomplish the objects for which they have been incorporated: Provided, that th amount of real and personal property hok 1 by said company shall not at any time exceed the suim of two hundred thousand dollars. Sic ON ik at 1, 5