The Camden weekly journal. [volume] (Camden, South-Carolina) 1853-1861, 1853-01-11
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s.. I.sBe at enacted by the Senate and HCuse vi
Representatives, now met and sitting in General
Assembly, and by the authority Of the same,
That for the purpose of establishing communl-
cation by Railroad from the village of Lancaster,
to connect with the South Carolina Railroad at
Camden. or the Charlotte and South Carolina
Railroad at Chestervile, or at or near Rldgeway,
in Fairfield District, or some other suitable point
on said Road, as may be agreed on by the Stock
holders. the formation of a corporate Company
is hereby authorized, to be called the Lancaster
Railroad Company, which Company, when form
ed in compliance with the conditions herein pre-
scribed, shall have corporate existence as body
polite inthis State.
II. That for the purpose ofrais5pg the eapital
stock of the said Company, it shalf be lawful 70
omen books at Lancaster Csdrt House, under the
direction of Dixon Bapdes, Thomas K. Cureton,
lanes H. Witherpoon, Thos. W: Huey, VIM.
McKcnna. VIC. Cauthen, John Adams, w. A.
Moore, IJ/R. Price, and James Robinson; at
Candid. under the direction of John Rosser, w.
Tf,Mow CASTOR, and Enoch Tryon at Chester
! Court House, under the direction of John A.
Bradley Samuel McAliiey, and CD. Melton
at Winnsboro', under the direction of Samuel
JG. Barkley, ]. 2. Hammond, and ]. N, Rutland;
at Columbia, under the direction OF James V.
Lvlcs, John CALDWELL and JohnsG. Bowman !. at
Charleston, under the direction OF 5. s. Farfar,
DANES s., Chambers, and Frederick 4. Fraser !;
and at any other place or places in the State OF
South Carolina or North Carolina, under the dl
rcction of Commissioners, to be named and de-
si.nated by majority Of the aforesaid Commits
sioners hereby appointed at Lancaster Court
House, for the purpose Of receiving SUBSCRIPTIONS
to an amount not exceeding three hundred thou
sand dollars, in shares Of fifty dollars each; to
constitute joint capital stock, for the purpose
of constructing and carrying into operation the
Railroad herein by this Act provided for; but II
the capital stock of the Company shall be found
insufficient for the purposes for which said Com
pany is formed or incorporated, it shall and may
be lawful for said Company, at some general
meeting, by vote of the stockholders, from time
to time, to increase the capital stock to an amount
not exceeding four hundred thousand dollars, by
the addition of as many shares as may be neces-
sary for that purpose. That the times and places
for receiving subscriptions shall be fixed by the
Commissioners herein named ut Lancaster Court
House, or majority Of them, and shall be adj
vertised for thirty days in one or more newspa-
pers in this State, and in the State of North
Carolina, AMI the books for receiving subscrip-
tions shall be kept open for sixty days, at each
of the places where the 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 of specie
paving Banks-the said Commissioners giving 4
receipt or certificate for the saIne and on ncn'
payment of said instalment, the subscription
Shall be void, and at the expiration of the timr
hereby prescribed for keeping open the said
books, the said Commissioners and Others shall
deposit the sums received by them on the said
cash instalment, in some specie paying Bank il
, this State, and shall make return of the sub
scriptions taken by them, and the sums pait
) thereon, to the Commissioners hereby appointed
:. at Lancaster C0uFC II0use auu sTiu cOrn
e pany is hereby authorized to construct a Rail
7 road from the Village of Lancaster, to connec
i, with the South Carolina Railroad at Camden
r or the Charlotte and South Carolina Railroad a
e Chesterville, or at Ridgeway, or to such othc
e point on said Road and by such route as may
y be designated and determined by a majority o
0 the stockholders, in general meeting Provided
t That in the event the route be determined by
S the stockholders shall run to any particularroin
! herein designated, such persons who may have
subscribed for stock in said Company, to any
route running to either one or both Of the othe
!, points herein named other than that which shal
] have been selected and determined as the route
of the Road, may, if they choose to do SO, with
n draw their subscriptions:
: III. It shall be the duty Of the Commission
4 ers, herein by this Act appointed, and Others
e for the opening of books Of subscription for tho
Q capital stock of said Company, at each of tht
( places hcreinbefore named, and to be designated
I by the Commissioners hereby appointed at Ian
caster Court House, and at the times provided
! for by this Act, to open three setts of books
the one for subscriptions for the Road, by arout'
: from the Village of Lancaster to the Town o
< Camden the other sett of books, for subscrip
. tions for the said Road, by route from the Vii
lage of Lancaster to Chestervilie; the third set
4 of books for subscriptions for the said road, b!
. route from the Village of Lancaster, passing
near Liberty Hill, to connect with the Charlott,
q and South Carolina Railroad, at or near Ridge
a way; and the route, or line Of the Road, shal
: be determined by the amount subscribed fo
each route, reference being had to the proportion
e which the probable ot of each route or lint
will bear to the amount subscribed for cacl
: route or line.
E ". That whenever the sum of one hundred
= and fifty thousand dollars shall be subscribed
a for, in manner herein prescribed, to either one
:. or all of the routes herein designated, the sub
scribers, their executors, administrators, or as
f signs, shall be, and they are hereby declared
to be incorporated into a Company, by thu
name and style of the Lancaster Rail Roat
:. Company; and may meet and organize th'
J said Company, at such time and place rs may