1905_private laws_38_3
CHAPTER 38 AN ACT TO INCORPORATE THE JACKSON COUNTY BANK. The General Assembly of North Carolina do enact:
That the capital stock of the corporation shall be not less than ten thousand dollars, in shares of one hundred dollars each, nor more than fifty thousand dollars. The corporation may commence business when a majority of the above-named incorporators accept this charter and when ten thousand dollars of the capital stock mentioned above is subscribed and paid in.