1883 public laws – Ch.217 Sec.3
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CHAPTER 217 An act to incorporate the Tar River Transportation Company. The General Assembly of North Carolina do enact:
The capital stock of said company shall be sixteen thousand dollars, with power to increase the same to twenty-five thousand dollars, or to such sum not exceeding twenty-five thousand dollars, as the said company shall determine. The stock shall be divided into shares of twenty-five dollars each. No stockholder shall be individually liable for the debts or liabilities of the company.