Cheraw gazette. [volume] (Cheraw, S.C.) 1835-1838, 1837-05-10
Notice..

Trust Company hereby give notice that 'Aey
will, on the second Monday in June next, ana
The Two following days, from lO o'clock OF the
FORENOON an,il > o'clock Of the afternoon OF each
d.y. II the Planters Hotel IL Chccaw, receive
subscriplions to the capital stock OF the salu
company, in pursuance ofthe Act OF the General
s\ssembly of this Stats, passed on the list OF
December last, entitled ''an act to lncorporat,
the Charleston Insurance and Trust Company.
The following sections of the act are append
edfor the information OF the pubic:
SEC. a.yrhe capital Stock ofthe said Compa.
ny sh,ll be One Million of Dollars, which shall
h.. divided into ten thousand shares, OF one hum
dred dollars each and shall be raised IN the io!.
lowing manner The following persons shall
be. and they arei hereby appointed oniinlssion-
ers to receive subscriptions, at the several plans
hereafter naned-At Charleston, John Nagralh,
Alexander Mazyck, w. c. Dukes, Samuel Bur
ger. and James Chapman; al Columbia, AncEcw
" tuac,, John Bryce, Alexander klrk; at Gam
den, j. Shannon, VIM. N'Nli!lc, and Z
Matheson; at Cheraw, James Wright, A!eNan-
der Graham, and Brown Bryan, and sand Com
missioners, or majority OF them, at eacA OF inc
said places shall, on the second Monday OF June
next, and the two following days. from III O'Clock
of the forenoon, until two O'clock OF the AFTER
noon Of each day, al such place III Charleston,
Columbia, Camden and Cheraw, as they shall
appoint, receive subscriptions to the Capital
Stock of the said Company, from all persons Oh
fering to subscribe thereunto, and paying at tho
time of subscribing twenty dollars on each share
subscribed by them respectively. And the SAID
Commissioners shall be prohibited from recelV'
ing Bank checks in payment for such suoscrip-
ton, but they are authorized to receive the notes
of specie paying Banks of the State OF South
Carolina. Provided, That the said Commas
sioners shall give at least thirty days notlce by
advertisement, in the several Gazettes published
in the said several places, OF the time and place
of receiving such subscriptions; and fror'aea
also. that no person shall be allowed to subscribe
on anv one ofthe said three days, more than one
hundred shares, either in his own name, or IN the
name or names of any other person or persons,
or of any co-partnership or corporation; ana
ProuiGed further, that every subscriber, snail al
the time of subscribing, declare on oath, that
is histrue 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 he has not enter
ed into any contract, agreement or understand.
ing, with any person or persons Tor the sale OF
transfer Of such shares, or any OF them, or tnat
they, Oh any of them, shall be held III trust Tor
any other person or persons; and II subscribed
in his own name, expressly IN trust Tor some oth-
er person or persons. that it IS his true intention
that thew shallonsfor the sole bcneht OF such
nerson or persons, and that neither he nor such
nerson or persem has or have entered into any
contract. agre pent, or understanding with any
other person or ersous for the sale or transfer OF
snch shares, or any Of them; and If subscribed
in the name of any other person or PERSONS CO.
partnership or corporation. that 1t IS MS true IN
tention that they shall be the property OF the
person or persons, co-partnership 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
ortransfer of such shares, or any OF them, or
that thew 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 tor any
mart of the captll stock ofthe Company hereby
created.
Snc Z 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 on such shares at the time
of subscribing, 10 the above named Commission
ers at Chharleston for the purpose OF apportion.
;uo the same; and the Commissioners at Charles
ton shall make out and forward to all the other
above named Commissioners respectively, sche,
dule of the said appoftionments, 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 apportioned 10 the respective SUBJ
scribe,s; 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. 4. Ifmore than ten thousand shares shall
he subscribed, the Commissioners shall distri.
bute the ten thousand shares Of which the caPi-
tai stock of the said Company is to consist,
,meno the subscribers as nearly as may be IN
nroportion to the number Of shares subscribed
hv them respectively Provided al,cays, that no
,.,hocr;ntion for not more than FIVE shares shall
ha reduced unless the whole number Of shares
subscribed cannot be otherwise reduced to ten
Thousand. Provided, if any number less than
tan thousand, and exceeding five thousand
shares, be us bscribed, the charter thereby shall
NOT he forfeited, but the Company may be form
al consisting of the number Of shares actually
crhed. which shall not thereafter be increas
ed.
SEC. s. In case the number Of shares subscsi-
he'd On the three days herein before appointed for
receiving subscriptions shall be ess than ten
tbousands she Commissioners shall re :eive further
subscriptions not exceeding such number of Of
shares as with those alneady subscribed shall
make up the numbsr'of ten thousand shares -. al
anv time during the ten days next following, the
fourth Monday in June, and keeping them open
after public notice. during the afoEeeaid period of
ten DAYS, and subscribers shall not then be sub
;ect TO the limitation herein before prescribed as
10 the number of shares to be subscribed by any
one person, nor shall they be required to take
tn, oath herein before prescribed.