Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-05-24
Notice..


Trust Compny hereby give notice thit they
will, ON the second ionuay in June ncXt, AMI
the two following dAy<, it".n 10 o'c.csi ~ the
forenoon until :! clock OF the afternoon ot each
dav, 4. the Planters liotol III Chcraw, receive
subscriptions TO the capital sto'.. or the sdia
company, in pursuance otihe Act oi The GentE"l
Assembly OF tins State, pasSti on IN" @tS' Oh
December last, entitled '',.n ~ct to lHco:lofat'
the Charleston insurance ana Trust Company
The following sections Of the act are append
ed for the information OF tie public:
SEC ,. The capital Stock o! the sal t 'onlp2-
nv s.lull be O.le Million OF DoillrS, which s:il
be divided nlo N thousand shares, Of onS i.un-
dred dollars each, ali shall be raised il the ini-
lowing IN inner :-Tao following persons shall
be, and they are hereby appointed iommSS'on-
ers to receive subScrip.loaS ii the several plans
hertafl, la lct-At Char!|Si on, joan -hag!a Il,
Alexander Mlzyck, W. 1. Dakcs, Samuel Bur-
GER and James Chapman: al Columbia, Andrew
WaliIc. Jonn Bryce, Alexander Kirk; at Cam
den. c. J. Shannon, VIM. M'NIlllc, ANA Z
Ma;neson; al Cn.raw, James Wright, :Ai"Nan-
der Gran an, aLl Brown Bryan and S&lu I o:n
mssoners, or Il majority OF them, 1T each OF the
said places sh Ill, Oh the second Monday of Jane
next, and the two following days, from III O'Clock
OF the forenoon, until two o'clock OF the alter
noon of each dav, al such place III Charleston,
Columbia, CuuIcn and Cleraw, as they shall
appoint, receive subscriptions TO the i@Pltal
Stock OF the said Company, from ali persons or
f.ring to subscribe thereunto, and paying at the
time OF subscribing twenty dollars on cac! share
subscribed by tneln respectively. And tie SAID
Commissioners shall DC prohibited from rcc"lF.
ing Bank checks IN payment ior such su0scrip-
ton, but they arc autncrZca 10 receive tie notes
OF specie paying B,,nks Of tie State OF South
Carolina. I'r0c.ded, That the saii ConnnI<-
sioers snail give at least thirty days notice, by
advertisement, III the several Glz2ttcs published
III the said several places, of the time and place
OF receiving such subscriptions; and Preceded
also th.t no person snail be allowed 10 subscribe
on anv one Of the said three days, more than enc
hundred shares, either in hi own name, or N the
name or names OF any other person or persons,
or of any co-partnershlp or corporation and
Provided further, t41t .y1Iy sGIsccl3er shall ii
the tine OF subscribing, declare OH oath. that It
is histrue intention, that the shares subscribed
by him, if subscribed in his own name, not eX-
pressly in trust tor any other person or persons,
shall pe his prope:tv, ana that he has not enter
ed into any contract, agreement or understand
ing, with any p5rScn or persons Tor the sale or
transfer Of such shares, or any Of them, or talt
tley, or anv of them, sail be held III trust for
any other person or persons; and II subscribed
IL Lii own nInc, eXpreSSl in trust tor some Ota
person or rersous. that It IS LIS true intention
that they s.lailonsto: the sole 5-neh, OF such
person or persons, and that neither he nor such
person or perscm has or have entered into any
contract, agre pent, or understanding with any
other person or crsons for the sale transfer Of
such shares, or any of them; anl if subscribed
in the name of any other person or PERSONS CO.
partnership Or corporation. that it IS his true ln
hat fhevS Snnii ha
person or persons, co-plr;ncrship or corporation,
in whose name names they are subscribed,
and that to the best of his knowledge and belief
such person or persons, co-plrtnerShIp or cor
poration, has or have not entered into any con-
tract, agreement or understanding, Tor the sale
or transfer of such shares, Or any Of them, or
that they or any Of them should be held III trust
for any Other 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
PROVIDED further, that no Bank shall be permit.
ted, directly or indirectly, to subscribe for any
part OF the capital stock ofthc Company hereby
created.
SEC. 3. And the above named Commissioners
at Camden, Cheraw, and Columbia, shall on the
first Monday of March, respectively, forward
correct lists of the shares subscribed, and also
of the monies paid Oh such shares at the time
of subscribing, 10 the above named Commission
ers at Chharcslon for the parpose OF apportlon.
lug the saIne; and the Commissioners at Charles
ton shall make out and forward 10 all the other
above named Commissioners respectively, scEc,
dule of the said appoftionments, wliereupon the
said respective Conissionersm shall forward
forthwith TO the Commissioners at Charleston
the monies which have been paid in upon such
,p I Ia S:,I,
scrlbers and SUCH said subscribers paying thH!r
subscription monies respectively, SHALL form the
Company above mentioned, upon complying
with the conditions and being sahi;cc. 10 the
clauses hereinafter set forth.
Sec 4. Ii more than ten thousand shares shall
be subscribed, the Commissioners shall distl.
butte the ten thousand shares Of which the capi-
tai stock of the said Company is to consist,
among the subscribers as nearly as may be IN
proportion to the number of shares subscribed
by them respectively; Prooided al,cays, that no
subscription for not more than five shares shall
be reduced unless the whole number of shares
subscribed cannot be otherwise reduced to ten
thousand. Prorided, if any number less than
ten thousand, and exceeding five thousand
shares, be us bSc:ibSd, tie charter thereby Shall
not be forfeited. bat the Company may be form
ed consisting of the number of shares actually
subscribed which sh4ll not thereafter be incrcaS.
ed.
Sec. 5. In lse the number of shares subScri-
bed on the three days herein before appointed for
Receiving subscriptions shall be than ten
thousand the Commissioners shall re :eve farther
subscriptions not exceeding such number of
shares as with those already subscribed, shall
make up the numbsr OF ten thousand shares, at
any time during the ten days next following, the
fourth Monday in June, and keeping them open
after public notice, during the atorceaid period OF
ten days, and subscribers shall not then be sub.
icct to the limitation herein before prescribed as
to the number Of shares to be subscribed by any
one person, nor shall they be required to take
the oath herein before prescribed
In oraer to avoid the great consumption oftine
which would be caused by counting the money