1881_private laws_100_3
CHAPTER 99 AN ACT TO INCORPORATE THE ASHEVILLE GAS AND WATER SUPPLY COMPANY. The General Assembly of North Carolina do enact:
The capital stock of the said company shall be fifty thousand dollars (with the privilege to the shareholders of increasing the amount to two hundred thousand dollars) divided into shares of fifty dollars each. Each share shall be entitled to one vote in all the meetings of the stockholders, and shall be transferable as by the by laws of the company may be prescribed.