The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1852-12-22
4 BILL.

A BILL
10 Charter the Lancaster Rail Road
Company, and for other purposes.
SIC. l. BE Il enacted by tie Senate
and House Of Representatives, now met
and sittimgm General assembly, and by
the authority Of the same, That for the
purpose Of establishing communication
by Rail Road from the village of Lancaster
to connect with the Sonth Carolina Rail
Road at Camden, or the Charlotte and
South Carolina Rail Road at Chesterville,
or at, or near Ridgewey, in Fairfield
District, or some other suitable point on
said Road, as may he agreed on by the
Stockholders, the formation Of Cor
porate Company is hereby authorized,
to be called the Lancaster Rail Road
Company, which Company, when form
ed in compliance within the conditions
herein prescribed. shall have corporate
eNistance as body polite in this State.
SEC. Ill. That for the purpose ofraisS
ing the capital stock of the said Com
pany, it shall be lawful to open books at
Lancaster Court House, under the d.
rection Of Dixon Barns, Thomas X. Cure
ton, James III. Withcrspoon, Thos. w.
Huey, Williaa Mckcnna, w. c. Cau-
then, John Adams, w. a. Moore, II. r.
Price, and James Robinson; at Camden,
under the direction of John Rosser, w.
Thurlow CASTOR, and Enoch Tryon; at
Chester Court House, under the direction
of John A. Bradley, Samuel McAliley,
and c. ID. Melton; at Winnsboro,' under
the direction of Samuel G.. Barkley, J.
T.. Hammond, and J. NJ. Rutland; at
Columbia, under the direction Of James
V. Lylcs, John Caldwell, and John G..
Bowman; at Charleston, under the ,lircc-
ton of S. S. Farrar, James S. Chambers,
and Frederick +. Fraser; and at any other
place or places in the States Of South
Carolina or North Carolina. under the
direction Of Commissioners, hereby ap-
pointed ut Lancaster Court House, for the
purpose Of receiving subscriptions, to an
amount not exceeding three hundred
thousand dollars, in shares Of fifty dollars
each, to constitute a joint capital stock,
for the purpose of constructing and car
rying into operation the Raillioa herein
by this Act provided for. But if the cap
ital stock of the Company shall be found
insufficient for the purposes for which said
Company is formed or incorporated, il
shall, and may be lawful, for said Compa-
ny, at some general meeting, by y vote
ofthc Stockholders, from time to timein
creasethc capital stock to an amount not
exceeding'four hundred thousand dollars, by
the addition Of as many shares as may ,be
necessary for that purpose. That the
times and places for receiving subscriptions
shall be fixed by the commissioners herein
named, at Lancaster Court House, or a
majority of them, and shall be advertised
for thirty days in one or more newspapers
in this State and in the State of North
Carolina; and the books for receiving sub
scriptions shall be kept open for sixty days,
at each Of the places where tho same shall
be opened. That on each share Of the
stock subscribed for, the subscriber shall
pay to the Commissioners who shall take
the same, the sum Of two dollars and fifty
cents in specie, or the notes ofspecie pay
ing Banks Of this State, or the State Of
North Carolina, the said Commissioners
giving receipt or certificate for the same,
and on non-payment of said instalment
the subscription shall be void; and at the
expiration ofthe time hereby prescribed
for keeping open the said books, the said
Commissioners and Others shall deposit
the sums received by them on the said cash
instalpent, in some specie paying Bank
in this State, and shall make a return Of
the subscriptions taken by them, and he
uns paid thereon, to the COMMISSIONERS
hereby appointed at Lancaster Court
House. And the said Company is herby
authorized to construct a Rail Road ut
Camden, or the Charlotte and Sout Car
olina Rail Road at Chesterville or at Ridge
way, or such other point on said Road,
and by such route, as may be designated
and determined by majority Of the stock.
holders, in general meeting. Provided,
that in the event the route be determined
by the Stockholders shall run to any
particular point herein designated, such
persons who may have subscribed for
stock in said Company to any rout run
ming TO either one or both Of the other
points herein named, other than that which
shall have beed selected and determined
as the route of the Road, may, IL they
choose to do 80, withdraw their subscrip-
tions. ~
SCI. iii. Il shall be The duty ofthe Com
missions herein by this Act appointed, and
others, for the opening Of Books Of Subscrip-
ton, for the capital stock Of said Company,