The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1853-01-12
A BILL

A BILL
To Charter the Lancaster Rail Road
Company. and for other purposes.
SEC. l. BE IL enacted By the Sepat
ana House Of Representatives, non me,
and sitting in General Assem6ly, and b,
the authority of the san,e, That for tbs
purpose Of establishing a communicated
by Rail Road from the village of Lancaste,
to connect with the South Carolina RAJ;
Road at Camden, or the Charlotte and
South Carolina Rail Road at Chesteryillc
orat or near Ridgeway, in Fairfield
District, or some other suitable point on
said Road, as may be agreed on by the
Stockholders, the formation of Cor
Porate Company is hereby authorized,
to be called the Lancaster Rail Road
Campany, which Company, when form
ed in compliance within the conditions
herein prescribed. shall have corporate
existance as a body pelitic in this State.
Sec. III. That for the purpose of rails
ing the capital stock Of the said Com.
pany, it shall be lawful to open books at
Lancaster Court House, under the di.
rection Of DIXON Barns, Thomas X. Cure:
ton, James ii. Witherspoon, Thos. w.
Huey, William McKenna, w. G. eau
then, John Adams, w. A. Moore, III. X.
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 Q. ID. Melton; at Winnsboro,' under
the direction of Samuel G. Barkley, ].
H. Hammond, and J. NJ. Rutland at
Columbia, under the direction Of. James
v. Lyles, John Caldwell, and John G..
Bowman; at Charleston, under the direc-
ton Of S. S. Farrar, James S. Chambers.
and Frederick E. Fraser and at any other
place or places in the State of South
Carolina or North Carolina, under the
direction Ut Commissioners, hereby ap-
pointed at 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 joint capital stock
for the purpose of constructing and car
rying into operation the Rail Road 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 a vote
of the Stockholders, from time to time in
crease the capita! 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 subscriptio s
shall be fixed by the commissioners herein
named, at Lancaster Court House, or
majority Of them, end 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
scnptions 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 species, or the notes Of specie pay
ing Banks of this State, or the State OF
North Carolina, the said Commissioners
giving a receipt or certificate forthe same,
and on non-payment of said instalment
the subscription shall be void and at the
expiration of the time hereby prescribed
for keeping open the said books, the said
Commissioners and others shall deposit
the sums received by them on the said casl,
instalment, in somc specie paying Bank
IN ibis State, and shall make return OF
the subscriptions taken by them, and the
sums paid thereon, TO the Commissioners
hereby appointed at Lancaster Court
House. And the said Company is hereby
authorized TO construct Rail Road at
Camden, or the Charlotte and South Car.
DINA Rail Road at Cbesterviile or at Ridge.
) way, or such other point ON said Road
sud 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 Ike Stockholders shall run to any
sPartienlar point herein designated, such
persons who may hayo subscribed for
stock in said Compay TO any rout run.
ing % either one or both Of the other
pointsbeFein named, other than that which
shaIl have been selected and determined
as Tho routs of the Road, may, n they
choose tedo 20. withdraw their esnbssnP-
tioAs.