Cheraw gazette and Pee Dee farmer. [volume] (Cheraw S.C.) 1838-1839, 1839-02-27

T, E.e3 -7-ra:5 tis -.,''r'2'i'aa R"i
E3a! Comqa2y.
SECTION. |. BE 1t enacted 5y the Seaaie
.snd Rouse of Representatives., no~ met snd
.i.iag in General ASSEMBLY, and tl hs
authority of The same, That it shall be L.
full to open books in the Gown Of Coiunh
under the direction Of Andrew Wallace
John Bryce, John Glass, james BoatwrIsht,,
and B. L. Mel ,ugllin, or any three Of
them and at Camden. under the dIrec''on
ofC. Shannon, John Cnn'cy, {. Matnesoh'
William Melville, and John Rosser' or
anv three Of them and at Chcraw, under
the direction OIL James Wright. Dane' :;
HarIee, Brown Bryan, Nicholas Punch' ana
T,ncpn McNair, or any three OF them;
and n, Darlington Court House, under the
d;rection of E. w. Charles, ". w. Harllee,
G. w. Dargan, G. w. ]. Mccall, and E.
A. Law, or anv three OF them AMI a, Sum.
.terville, unler the direction Of Alister Gar
.den. F. J. Moses, w. Haynesworh. c. W.
Miller, and w. NJ. Miller, or any three OF
them and at such other places, and under
the direction Of such other prisons, as any
four Of the Commission rs herein before
named TO supermcnd The resolving OF sub.
scriptons at Camden shall direct, for the
purpose of receiving subscriptions to an
amount not exceeding wo millions of dollars,
in shares of one hundred dollars each, for
the purpose Of etfectIng a communication
by a Rail Road from The termination ofthe
R.eigh and Columbia Rail Road, at the
North Carolina line, through Or near Che
raw. and through or near Camden, 10 some
Other point to BE- selected by The Company
hereby incorporated, in or near the
town of Columbia, Sou h Carolina, or 10
such other point on the Lou svllle, C'ncIn.
nut, and Charleston Rail Road, or any
branch thereof, as may &c ermlned on by
the company hs rehy incorporated, with the
concurrence of the Louisville, Clncinnlt'l
and Charleston Rail Road Company, and
for providing every necessary and conven'
lent for the purpose oftransporta' on on the
same Provided, that nothing h. rein con.
tanned, shall be construed SO as 10 impair
any right or privileges heretofore granted
10 The Souh Carolina Canal and Ran Road
Company.
Sec. 2. The times and places for rcceiv-
ing subscrip,io.s IS shall be fixed by the Conn
miss,oners at Camden, above mentioned,
and shall be advertised in one or more
newspapers publ shed in the towns o
Columbia Camden and Cheraw AMI
the books for RECEIVING the sam,
shall not be closed il less than ten days ;
and if i, shall APPEAR that more t'an twenty
thousand shares of Ihe capital stock aore-
said, stock shall have been subscribe for
within the said ten days i, shall be 'he du'y
ofthe Commissioners at Cdndcn, or any
three of them, TO reduce the numb"r OF
.sharrs subscr b'i for. among the subscTib-
ers, in far an eqnd proportions, TO the
amount of STOCK suo>cr'D u ior respectively
by each, until the amount Of stock shall be
reduced to twenty Thousand. Br IT the
whole amount shall not ba subscribed tor
within ten days iron the time The books be
opened to receive The subscriptions, then
the books may be closed or continued open,
or closed and re- opened, wiihou fur her no.
tice. as majority of the about mentioned
Commissioners at Camdcn, NAV Judge, to
be most expedient, until the whole number
OF shares saa'l be subscriber for.
Sec. 3. When five thousand shares
sha be subscribed for in the manner aiore.
said, provided the same shall be done With
in two years after the passing OF th,s Act
the subscribers, their ex cutors. admlnstra.
tors of assigns, shall be, and they are here
by declared to be incorporated into COM
pany by the name ami styl Of the Meho'
,,olian Rail Road, Company, aud by that
name shall be capable in law OF purchasing
holding, selling, leasing aud conveying es-
iates real and personal and mixed, so tar as
shall be necessary for the purposes here.
inafer mentioned, and no farther, and sail
have perpetual succession, and by said cor.
porate name NAV sue and be sued, and
may have and use a common seal, winch
they may have power 10 alter or renew at
pleasure, and shall have and ENJOY, AL
may exercise all powers, rights aud prl'i-
.eges which other corporate bodies may
lawfully do, for the purpos"s mentioned In
this Act, and may make all such bylaws,
rules and regulations, not inconsistent with
the laws of this Stare, or Of the United
States, as shall be necessary for the well
ordering and conducting the affairs Of the
company.
Sec. 4. Upon any subscription of sock
as aforesaid, there shall be paid at The time
of subscribing 10 lhe Commissioners or their
agents appointed 10 receive such subscr"p.
tons tho sum Of five dollars, on every
share subscribed. to be deposi ed in some
specie paying Bank in this Safe, 70 the
credit of tho Metropolitan Rail Road Com.
pany, and the residue thereof shall be paid
In .,,b ;nct.Ip,pnt AMI at Such times asmay