124-6. Appointment of proxies, director of railroad companies, etc.
(a) The Governor shall appoint on behalf of the State all such officers or agents as, by any act, incorporating a company for the purpose of internal improvement, are allowed to represent the stock or other interests which the State may have in such company; and such person or persons shall cast the vote to which the State may be entitled in all the meetings of the stockholders of such company under the direction of said Governor; and the said Governor may, if in his opinion the public interest so requires, remove or suspend such persons, officers, agents, proxies, or directors in his discretion.
(b) Recodified as G.S. 124-15(a) by Session Laws 2013-360, s. 34.14(b), effective July 1, 2013. (1925, c. 157, s. 6; 1997-443, s. 32.30(k); 1999-431, s. 3.3(a); 2013-360, s. 34.14(b).)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 124 - Internal Improvements
Article 1 - General Provisions.
§ 124-1 - Control of internal improvements.
§ 124-2 - State deemed shareholder in corporation accepting appropriation.
§ 124-3 - Report of railroad, canal, etc.; contents.
§ 124-5 - Approval of encumbrance on State's interest in corporations.
§ 124-5.1 - The Freight Rail & Rail Crossing Safety Improvement Fund.
§ 124-6 - Appointment of proxies, director of railroad companies, etc.