Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-06-14
Notice..

Trust Company hereby give notice that they
wiz, tio second AVn,.:v III june neNt, AID
the two toiowi.y .!2yS rom lC o'clock OF the
forenoon until :. :. 49,. .. TIC afternoon of each
day, at the H...'>:'s iiotel in Cheraw, receive
subscriptions 10 tho capital stock of the said
company, in pursuance ofthe Act of the General
Assembly OF this Stats, passed on tho 2lst OF
December last, entitled "ln act TO incorporate
the Charleston Insurance and Trust Company"
The following sections of the act are append
ed for the intoGuiat:ou Of the pubic
.SEC. =. Tue capital stock the slic Compa-
nv shall &c Ouc Million Of Dollars, which shall
b. divided into ten Thousand shares, OF one hun
Crcd dollars each, ami shall be raised i'll the fol-
lowing manner The following persons shall
be, and they are hereby appointed Commission
crs 20 receive subscriptions, at the several plans
hcreafor nauc AZ Charleston, John Magrath,
Alexander MAJ ;ck, w. G. Dukes, Samuel Bur
yer, and Junes Chapman; at Columbia, Andrew
Wallace, JOAN Bryce, Alexander Kirk; at Cam.
den. J. Shannon, Wm. M:Wl!le, and
Mataason ct Ccraw, James Wright, Alexan-
der Graham ana Brown Bryan, and said Com
miSsioners, o. majority OF them, at each OF the
sid places shall, Oh the second Monday Of June
ncxt, and the TWO following days, from 10 O'Clock
% the forenoon, until two o'clock OF the after
noon Of >dch day, II sG:h place in Charleston,
appoint, receive subscriptions to the Capital
Sock os' the SAX. Company, from all persons Of
i:r,ug to subscribe thcraun;o, and paying at the
tnng of subscribing twenty dollars Oh eacn share
subscribed by them respectively. And the said
Commissioners shall be prohibited from rccciv.
iag D@.x checks III payment for such subscrlp-
i.v.I l,it they arc authorized to receive the notes
o. Iyi:e paying Banks of the State of South
L.,oina i'rouiGeG, That the sid Commits
soners S,cii give L: least thirty days notice, by
advertisements, III the several G.zettes Published
in the sli several places, OF the time and place
OF receiving such subscriptions; and Prorided
also, tbs. no pyrSoa shall be allowed TO subscribe
on any onc 9th said three days, more than one
hundred share her in his own name, or i'll the
name or n;rnsS = my other person or persons,
or OF 2ry e; ;;nc,ship or corporation and
Fryr.dca: ,"-it,- .!::t every subscriber, shall at
tio !; ~, .; '..I.i,'-, declare oath, that it
is ui,:'.S -. ..:r:., hat the shares subscribed
bv Aiu, 4 So ::J",l ia his own name, not ex-
p.e:aiy =. '.I. .or a;y other person or persons,
:I::. - ~. :; ycHv, and that he has not enter
y. II. 'a,' contract agreement or understand
~, H!'.l :,..E p.Is0u or persons tor the sale or
rtis'vs -. :s'...,t >II:GS any OF them, or that
.:er. 8: ~ ii o. n, shall be held in trust for
arT ,.'.r D.1>oH .. persons; and if subscribed
Ia MS Jw! A@Ts., expressly in trust for some 9TH
cr par>r: rrs ms, that 1t Is his true intention
l;;a. tl,y ,;la,yl>iJ: the sole benefit Of such
person 0: p1.Sor$, and that neither he nor such
person or p.rsam has or have entered into any
goatrdci, 80 peat, Or understanding with any
o.uc: p.rs9 .. crSons for the sale or transfer of
sac, sas res, Ok .ny of them; and if subscribed
~ ::.c !I~ir 81 any other person or persons, CO.
plrG27>i;:p or corporation that 1t is his true In
;.:i:ion tiiGt they shall be the property OF the
,=IsnE Or i,rr: cns partnership or corporation,
Ia those 49,. or names they are subscribed,
anc t:,at ~ III best Of his knowledge and belief
SUN p"cS1n Or persons, copartnership or cor.
rS-....Jn has Or have not entered into any con-
;rac5, agreement or understanding, for the sale
.-tf.nsi;r 7 OF such shares, or any of them, or
rna, ,ney or any of them should &c held in trust
for any othor person or persons. And any per-
son swearing falsely herein. shall be deemed
and taken to be guilty OF perjury, and shall be
liable to the pains and penalties thereof. And
I,rorided further, that no Bank shall DC permit.
ted. d.. . o. indirectly to subscribe tor any
pa-, o. a.. .pi:al stock OF the Company hereby
crvai :.
-. 3. And the above named Commissioners
=, C,;nd.n, Cheraw, and Columbia, shall on the
first Monday of March, respectively, forward
correct lists of the shares subscribed, and also
of the noaes paid on such shares at the time
of subscribing, 10 the above named Commission
ers a, Chharleston for the purpose OF apportion.
ing the same; and the Commissioners at Charles
ton shall make out and forward to al! the other
aboye nam"d Commissioners respectively, sche'
,ll,e of the sail appoftIonmentS. wfereuPoh 'He
s,;5 respective CoiiiiSsioncrs;n shal! torw2rd
c>rtbyi;h 10 the Commissioners - Charleston
tbe monies which have =" paid II u:,H2 such
shares "a arc a7portionel - the !oSp.c.ire sub
scr;hers: and such said subscribers paying their
enhscr,p,io. monies respectively shall form the
Con,n,ny above mentioned, upon complying
,,:.b the conditions and b"ing subject to the
tIlusas hereinafter set forth. :,
SEC. 4. fmorc than ten thousand shares snail
y, subscribed. the Commissioners siiali ois'ri'
,,,.o thetrn thousand s:.lIcs OF which the capt.
.,l ,to.,; Of tnc said Company Is 20 CONSIST
o,,or, the subscribers as nealiY ~ N,,.l DC III
,,onnT,;on to the number of shares suoScr'oed
b,, ,ben respectively; Prortded al'oays, that no
snhscrip,ion for not more than hVo sAares sna''
h. radnced unless the whole NUMBER OF shales
.,hecr;ned cannot be otherwise reuuceo 10 'en
tbnsand. Pror;ded, if any number less tilan
ton thousand, and exceeding hvo thousahu
shares, be us bscr:'ed. the charter lhereoy Shai'
not he forfeited ut the Company may W toini
cJ consisting of The number OF shares ac'uai'y
od :hSs ,-h;ob shall not thereafter be increas.
cd. , o,,.or;
Sec : In case the number Of shares saoScrl-
bed on the three .lavs herein before appointed iof
Receiving subscriptions shall be !eSs '''st 80.
thousand; the Commissioners shai. r CIV tI
subscriptions not exceeding such H-';|er %i u
shares as with those already subsc1ioiu' Sh4i!
make up the number of ten Thousand sharcs' ,a a.
any time during the ten days next foliu"ins .n0
fourth Monday in June, md keeping tnen. wv -
nfter public notice during the aforeead 2eriod OF
ten DAYS, and subscribers shall not then ot S"o,
;ect to the limitation herein before prescf,oeo aS
to the number of shares to be subscribed ny any
one person. nor shall they be required 10 'aNs
tho oath herein before prescribed" c..
In order to avoid the great consumption oi tnlio
which would be caused by counting the moniy
as paid in, the Commissioners will receive '"'