1879_private laws_76_8
CHAPTER 75 AN ACT TO INCORPORATE THE CHAMPION COMPRESS AND WAREHOUSE COMPANY. The General Assembly of North Carolina do enact :
It shall be lawful for the said corporation to borrow money for any purpose connected with its business as herein defined, to make, have discounted, negotiate and dispose of its promissory notes, drafts or bonds given for the money so borrowed or given in liquidation of any debt due or owing from said corporation, or made for the purpose of raising money, and to secure the payment of any such obligations by a mortgage or pledge of any property belonging to said corporation, including its franchise.