1901 private laws – Ch.92 Sec.2
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CHAPTER 92 AN ACT TO INCORPORATE THE BANK OF RED SPRINGS. The General Assembly of North Carolina do enact:
That the capital stock shall not be less than fifteen thousand ($15,000) dollars, in shares of one hundred dollars each, and such capital stock may be increased from time to time as said corporation may elect, to a sum not to exceed fifty thousand ($50,000) dollars.