Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-05-31
Notice..

>
will, on the second Monday IN jane next, ana
th> two to,loTlAc days, from 10 oc!, =. of the
forenoon uati , o'I.rcH OF tic afternoon CT each
DAY, Ill The Planters Hotel in CnerIw, receive
subscriptions to the cL:itll sto"A OF tho sud
conplny, in p1rsu :nc@ "tlhe Al OF G,nard
Assembly o. this Sat, passed on thJ 2iSt oi
D.cc'n3.r last, entities! ''l:la,t TO incorporate
IL. ca ,ri .ston Insurance aili Trust Company"
The following sections Of the ac: arc append
ed for the information Of the public:
sSEc !, The capital Stock otthr $;!l,' CoEp2-
nv shall D. O.lc Million Oh Dollars, which SilIl
d. divided in:o ten Thousand shares, NJ one hun
ure.i GU.lArs each, and shall ~ raised Iii the io
owing manner The following persons shall
e. IN! tn ar, hc:coy appointed commission
TO rccr!v, SI1Scri r:loHs, II the several plans
..,c..ttcr IL .:,ic AT CAarlHS:on, john Mlgrah,
NlcXlul3r HIzvck, W. {. Dukes, Samuel Bur
grr, :.ni Jt,nas Chapman; at Columbia, Andrew
Wlllc,, JoAn Bryce, Alexander Kirk; at Clh-
da, {. ]. Shannon, Wn. NWic, and &
MatheSon; at ClrrJN, james Wright, .N,xaE-
der Graham. and Brown Bryan and said Com
Inssion1:s. or naiori:y OF thcni, az each OF the
s,hp!ac.s Sh Ill, OIL the second Monday O: June
n.xl, ai,l the two following days, from 10 O'Clock
u'th. forenoon. u:til two o'clock of the after
:roa., ot' each day, 1T such place III Charleston,
CoI:,:il.rii C.l.l ten and tn"raw, az they shall
ap;,oint, rtr'y2 subscriptions 70 The CanIt?l
$50 OF III. <.ii.i 'lup2L, tE":a a.! p"G"0's, o.
f.r;i. 70 Subscribe t'l>rGGn:n, and pd;!mg II ;;ta
t;ae oi subscribing twenty dollars OF c'"A share
subscribed Jv tho!A respectively. And ;c 81!
Commission. rs shall b. prohibited tr0:n rsc'ir.
iug B.nh chGc..;s in p1y:n:nt t"E such >lLScrp-
iiou DLt they are authorized 10 receive i2 noes
of specie paving Banks Il the State "t South
Cro.iuI. i'roc:dci, That Tie said Coa>niS-
S:oaerS shall give Il. least thirty days notice by
advertisement, III the several Glzct;cs Published
III IN: SaiI several places, OF the time ana p!lc"
OF receiving such Subscriptions; and Prr!dcd
G.so III t no p,rSon shall be allowed 10 subscribe
Oh aav one of,l2 said three days, more t.ian one
hIn,irr, sAar.s, either il hi. own name, or IN the
n,m.> or MINES OF any other person or persons,
or OF any co-p.r: nerShip or corporation; and
i'r,cideI fu;ttcr, tnIt every subscriber. Sai! II
tn" tine OF subscribing, declare on oath that 1t
is hiStruc intention, that the shares Subscribed
by hi:n, if subscribed il lis Own name not ex-
presslv in trust for az other person or persons,
snli Dc his nruP2 ty, and that he has 10. enter.
-: inio any contract, agreement or understand
iig, with any PRISON or persons Tor the sale or
ir.nS'ur Of such shares, or any or them, or thai
tlry or any OF them, slai. b. held III trust Tor
any other person or persons; and II subscribed
IN his own name, eXp:cSS III trust Tor some 9TH
or person or persons that il IS his true intention
that they slllioISt1: I'll, sole btn2I, OF Snch
person or pecSoas, AMI that neither he nor :,!ch
person OF perScm has or hGve entered into any
contract, acr2 ptat, or understanding with any
ohcr psrSon - crsoas 70. tlc sal, or transfer of
slch sn,ros, o: any of them; and if subscribed
III the name Of any other person or persons, co.
partnership corporation, that Ii IS his true III
tcnt:oa tAlt they shall be the property of the
p.r,.,i Or persons, co-pIrtnrcShp oT corporation,
ID whose ;liul2 or names they subscribed.
and that TO the best OF his knowledge and bc.iut
such person o. persons, co-partncr$hip Or cor
nyratiou, h.S or have no. entered into any con-
rac., agreement or understanding, 10. the sale
:trLilSitr OF such shares, or an o! them, or
at they or aay o. them should be held III :rlSt
rany 9th person or persons. And any per-
II swearing falsely herein, shall be deemed
ID taken to bc guilty of perjury, and shall be
IDLE 10 the prins and penalties thereof And
r0riGcd fuJther, that no Bank shall be permit
4, directly or Indirectly, to subscribe for any
.rt OF the c,pi:ll stock OF the Company hereby
,eatCd.
Sec ). And the above named Commissioners
Camden, Chcr&w, and Columbia, shall on the
Monday OF Mlrch, respectively, forward
rect lists of the shares subscribed, and also
the monies paid on such shares at the time
subscribing, 10 the above named Commission
rs at Chharles:on for the purpose OF apportlon.
.Eg the same; and the Commissioners at Charles
ton shall make out and forward 10 all the other
5ovc nlillcd Commissioners respectively, sche,
lie Of the sai:! appo:tionmcnts, whereupon the
III respective ConlISS!oncrSm shall forward
,rthwith 10 the Commissioners 1T Charleston
re monies which nave been paid in upon such
ares Us are appo.tioIcd 10 the respective sub
ribcrs; and SUCH slii subscribers paving their
description monies respectively, shall form tho
,mpany ABOVE mentioned, upon complying
III the conditions and b,ing subjcc, 10 the
uses hereinafter set forth.
SEC. 4. Ii more than ten thousand shares shall
subscribed, the Commissioners shall d>tri.
Jrtc the ten thousand shares OF which the capt.
tai stock o: TIC said Company is 10 consist,
among the Subscribers Us nearly as may be IN
proportion to the number of shares subscribed
ny them respectively; Proridcd al,rnys that 10
subscription for not more than five shares shal!
BE- reduced unless the whole number OF shares
su6scriD ID cannot be otherwise reduced to ten
thousand. Pr0r!ded, if an number less than
ten thousand, and exceeding i've thousand
shares be lis bScrioad, the charter thereby sha!!
not be forfeited BAT the Company may be form
cd consisting OF the nsMber of shares actually
sub cri3. d. which shall not thereafter be iacrcas.
cL.
SEC 5 In case the number Of shares subScri-
bed on the thr days herein before appointed for
reco.ri g subscriptions shall be 'ess than ten
thousand; the Commissioners shall re eive further
subscriptions not exceeding such number Of
shares as with those already subscribed shall
make up the number Of ten thousand shares, at
my time during the ten days next following, the
,irth Monday in June, and keeping them open
:cr pablic notice, daring the aioreeaid period OF
davs, and subscribers shall not then be sub.
t 10 the limitation herein before prescribed as
the number OF shares 10 be subscribed by any
person, nor shall they be required to tlke
, olth herein before prescribed
In order to avoid the great consumption o!time
hch would be caused BY counting the money
paid in, the Commissioners will receive the
.lount paid Oh each subscription sealed up in a