1899_private laws_153_8
CHAPTER 152 An act to incorporate The Troy Manufacturing Company at Troy, North Carolina. The General Assembly of North Carolina do enact:
That the said company shall have power to contract debts and borrow money for the legitimate purposes of the corporation, and to make and issue notes, and shall have power to issue bonds and other evidences of debt and indebtedness for any obligation incurred in the conduct of its business, and shall have power to execute a mortgage or mortgages or deeds in trust upon or conveying its property, franchise and income to secure the payment of any indebtedness of said company as it may deem expedient.