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Be it enacted by the General Assembly of the Capital of State of North Carolina, and it is hereby enacted the Bank. by the authority of the same, That a Bank shall be established in the State of North Carolina, the capital stock whereof shall not exceed one million five hundred thousand dollars, divided into shares of one hundred dollars each.

II. Be it further enacted, That the Bank so Incorpeestablished shall be known and styled the “* Bank rating subof the State of North Carolina,” and the subscri- scribers. bers to the said Bank, their successors and assigns, shall be, and are hereby created and made a corporation and body politic, in law and in fact, by the name and style of the “ Bank of the State of North Carolina,” and shall so continue until the first day of January, one thousand eight hundred and sixty; and by the name and style aforesaid, they shall be, and are hereby made able and capable in law to have, purchase, receive, possess, enjoy, and retain to themselves, their successors and assigns, lands, rents, teneinents, hereditainents, goods, chattels and effects, to an amount not exceeding in the whole four and a half millions of dollars, including the capital stock aforesaid; and the same to sell, grani, demise, alien or dispose of; to sue and be sueil, iinplead and be impleaded, answer and be answered, defend and be defended, in courts of record, or any other place whatever; and also tu niake, have and use a common scal, and the same to break, alter and renew at pleasure; and also to ordain, establish and put in execution such byJaws, ordinances and regulations, as shall seem necessary and convenient for the government of

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