The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1847-02-17

paying hank Of the State Of North Caro-.
lima or South Carol mas and the ,snid Com,
missi"ners nni deputy, Commissioners in
North Carolina, shall mike a return 10 The
Wilmington Commissioners, Of the sub.
|scriptions takeniby thcm,l and ilio sums
lpai,i :hercon, and the said Commissioners
and deputy Commissioners in South Caro-
inn, ST. all make Il return 10 Geo. w. Dar-
gan, William Haynsworth, and w. w.
Harllee, Of The scriptions akeniby them,
and The sums paid, thereon. @ .i q, 81
Nv. Tint il u, the expiration oftl,c time
prescribed fur receiving subscriptions, il
shall appear ,liat The sum Of three hundred
thousand dollars, or more,' Of said capital
stock, has been subscribed. it shull be the
duty or The said North Carolina Commits.
sinners. and The said South Carolina Com
hiissianrrs, numnd III this Act, or msjori.
! u of them, to makeHit known by ahver-
tisemenl insomc North Carolina aud South
Carolina newspapers, and 10 call meeting
Of the subscribers, at such time nnd place
us they shall appoint and designate, or
which they shall give thirty days notice
But if ll,r sum Of three hundred thousand
dollars shall not he subscribed. within the
time first appointed. the said Suu,h Caro-
lima and North Carolina Commissioners,
herein named. or q majority lhercofin each
State concnrring, may, their discretion,
again oFcn bpoks to receive further sub
scripti"ns for said capital stock, and keep
them open ut such places, aud for such
time, and at such intervals as they Shall
think proper and fit. Aud the like course
! shall he pursued by the sai,l Commission.
crs and deputy Commissioners, on the de-
cond opening IF said books. as arc prescrl-
bed as 10 the first opening Of ,hrm. Aud
il the whole amount nf the capital stuck
shall n"t be subscribed nn the first and se-
cnnd opening of said bouks, iicn tile said
hooks may he closed or kept open, as n ma.
iJority Df The South Carolina aud mainri-
~ "f the North Carolina Commissioners
shall think fit, aud for sucf, n period Of time
as they may prescribe. Pro ridcd, thai if
upon Tie first or second opening OF said
honks, the sum Of three hundred thousand
dollars shull be subscribed, the power 10
keep open said books, shall be transferred
to, aud vested in the Subscribers of said
stock, or the President and Directors, whom
whom shall appoint. and not in the Com
missioncrs. Propidcd. a!sO, that neither
ttllc said Commissioners, nor the subscri-
bers uf stuck, nor their President and Di.
rrc,ors, shall have powcr TO keep open
,snii books aud To receive subscriptions !ui
u longer period than twelve years from The
ratifi 'ntun Of this Act, unless within three
) ears from the said ratification. the sum n
] three hundred thousand dollars shall have
b cn subscribed. uuH the work cnmmenc ed
| v. That whenever The sum of three hun
drcd thousand dollars nf said capital stuck
be subscribed f,'r, in manner aforesaid the
subscribers, their executors, edminstra
tors assigns, shall bc, and they are hereby
declared ~ he incorporated into n cnmpa.
ny, by the name aud siylc Of The Whining.
ton and Manchester Rail Road Company,
un,l by that name shall be capable in law
aud equity. Of purchasing. holding, selling
leasing amL conveying estates real person.
al and mixed, and acquiring the same by
gifl or devise, so Gar ns shall be necessary
for the purposes embraced within the scope
and object IF their charter; and shall have
crpe,uul succession, and by their corpo
rate name may sue and he sued, plead and
be impleahcd, in any cour. o flaw ar equity
in North Carolina aud South Carolina; and
may have and Use common seal, which
they may alter and renew al pleasure, All.
shall have and enjoy oil other rights, priv
lcgcs and immunilics, which other corpor
ote bodies may Of right do, aud may make
ali such bye.luws, rules and regulations. no
inconsistent with the laws Of tic United
Slairs. and Of The States of North Ca. olint
and South Carolina, as shall he deemed ne
cessary for the we'll ordering and conduc
ting the affairs Of the company.
: VI. That when the sum Of three hundred
THOUSAND dollars shall bo subscribed for
, and public notice given thereof, ms nforc
, said, the subscribers fur said stock silaI
: meet al some convenient time and place Il
. be designated, aud advertised as t!irccte,
F. in the fifth clause Of This Act. AT sucl
? meeting, or any general meeting Of ,h
company, each member shall be entitled /,
: one vote upon each share held by him no
more than lify; To one v"te for every Gv
I shares, upon all shares held Ivy him NOR
than fifty; and not more than one hundred,
4 10 one vote for every ten shares upon al
+, shares more Than one hundred, To be give
! by the shnre-holder III person, or by hi
! proxy, IN nll elections and upon oil matter
S 10 he submitted to the decision Of the Com
puny. And to c,nslituie meeting OF ih
r stockholders authorized To make election.
e or to decide upon any matter upon whic
e il shall be necessary for The stockholders /
: act as company. majority Of all III
] shares shall be represented by The share
y holders themselves, ar by his, her or lhei
>: proxy or proxies, and if a sullicien. nun
n i,cr ii nnt amman nm tbo ,I.,,