1909_private laws_2_9
CHAPTER 1 AN ACT TO INCORPORATE CAROLINA BONDING AND GUARANTY CORPORATION. The General Assembly of North Carolina do enact:
That when the requirements of this act have been complied with, the Insurance Commissioner shall issue to the corporation a certificate authorizing and licensing it, the said Carolina Bonding and Guaranty Corporation, to execute all bonds, obligations and undertakings and fully to exercise all the powers and carry on and conduct the business provided for in section three -8 of this chapter.