Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-05-03
Notice.
VH1IIE subscribers, Commissioners appointed
May 9

M
capl tai stock OF the Charleston Insurance anc
Tru st Company hereby give notice that they
will. on the second Monday in June next, ani
the two following days, from III o'clock Of the
c,r,. noon until = o'clock OF the afternoon Of eacl
tDv at the Planters Hotel i'll Cheraw, receive
80 criptions to the capital stock OF the sait
co.u.p any, il pursuance OF the Acl OF tue Iener@
A.. 9 mbly of this State, passed on the 2lst O
DE. mber last, entitled ''an act to hcofpo'at
49, charleston Insurance and Trust CohJpdny
Tue following sections of this act are appena
49,, tor the information OF the public:
SEC. 18TH capital stock OF se sad Conpa.
r snall bc One Million of Dollars, which shall
~ d,v,dcd into t. II thousand shares, OF one hun.
I,oI dollars each, and shall be raised IN the fol-
;m,y;nr manner The following persons shall
me- and they are hereby appointed tonmiSslon.
ers 70 receive Subscriptions, at the several plans
hereafter named-At Charleston, john Magrath,
Alexander Mazyck, W. G. Dukes, Samuel Bur,
ocr. and james Chapman; at Columbia, Andrew
" ,llace, john Bryce, Alexander Kirk; ut Cam.
dnn. G.. j. Shannon, Wm. M'Wiie, and &.
W,thesou: at Cheraw, James Wright, Aexau.
der Graham, and Brown Bryan and said Com
missioncrs, or ma jorty OF them, at each OF the
s,l places shall, on the second Monday OF June
next. and the two following days. from III O'Clock
fine forenoon, until two o'clock OF the after
| noon of each day, IL sucn place in Charleston,
! Columbia, Camden and Cneraw, as they shall
anpoint. receive subscriptions to the Capital
Stock of the sait Company, from all persons Of
f,riuo TO subscribe thereunto, and paying at the
time of subscribing twenty dollars on each share
subscribed by them respectively. And the said
Commissioners shall be prohibited from recev.
| iuu Bank checks in payment for such subscrip-
ton but they are authorized to receive the notes
OF suecic paying Banks of the State Of South
! Carolina. Prorided, That the said Commits
sioners shall give at least thirty days notice, by
advertisement Ill the several Gazettes published
in the said several places, of the time and place
of receiving such subscriptions; and Prorided
olso that no person shall be allowed to subscribe
| on anv one fthe said three days, more than one
hundred shares either in his own name, or III the
name or names Of any other person or persons,
or of any co-pdrtnership or corporation and
Prorided further, that every subscriber, shall at
the time OF subscribing, declare on oath, that it
is bistrue intention, that the shares subscribed
bv him. if subscribed in his own name, not ex.
pressly in trust for any other person or persons,
shall be his prope :ty and that be has not enter
ing, with any person or persons for the sale or
transfer of such shares, or any of them, or that
thew, or any of them, shall be held in t.us. for
any other person or persons; and II subscribed
in his own name, expressly in trust ter some otE.
or person or persons, that 1t IS his true intention
that they shallonstof the sole b, netit of such
person or persons, and that neither he nor such
person or persem has or have entered into any
contract agre pcnt or understanding with any
other person or crsons tor the sale transfer of
such shares, or any OF them; and if subscribed
n t.lr I>une OF any other person or persons, CO.
partnership corporation. that 1t Is his true ln-
.en,lon tn-t they shall be the property of the
person or persons, co-partnershlp or corporation,
in whose name or names they are subscribed,
and that to the best OF his knowledge and belief
such person or persons, co-partnership 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 in 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 ofthe Company hereby
created.
SEC. 3. And the above named Commissioners
at Camden, Cheraw, and Columbia, shall on tie
first Monday of March, respectively, torw ard
correct lists of the shares subscribed, AMI also
of the monies paid on such shares at The time
of fsubscribng, 10 the above named Commission
ers at Chharles.on for the purpose OF apportior.
ng the same; and the Commissioners at Charles.
on shall make out and forward to all the other
aoove named Commissioners respectiv, u, a sche,
duIe of the said appottionments, whereupon the
said respective Comissionersm shall forward
forthwith to the Commissioners at Charleston
the monies which have been paid in upon such
shares as are Gpportioned 10 the respective SUI
scribers; and such said subscribers paying their
subscription monies respectively, shall form the
Company above mentioned, upon complying
with the conditions and being subject to the
clauses hereinafter set forth.
SEC. t. Ifmore than ten thousand shares shall
be subscribed the Commissioners shall distri.
butte the ten thousand shares OF which the capt.
tai stock Of the said Company is TO consist,
among the subscribers as nearly rs may be III
proportion to the number of shares subscribed
by them respectively; Provided al,oays that no
subscription for not Tiore than five shares shall
be reduced unlr IS the whole number OF shares
subscribed cannot be otherwise reduced to ten
thousand. Prouided, if any number less than
ten thousand and exceeding five thousand
shares, be subscribed, the charter thereby shall
no. be forfeited, but the Company may be form
ed consisting of the number Of shares actually
subscribed, which shall not thereafter be ncreas-
cd.
Sec. ;. In case the number of shares subseri-
bed on the three days herein before appointed for
receiving subscriptions shall be less 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 numborof 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 aorceaid period of
ten days, and subscribers shall no: then be SUD-
iect 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
til, oath herein before prescribed.