Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1854-01-11
AN act
To INCORPORATE THs COLUMBIA AND. HAMBURG
R.r RoAD Company


RAIL ROAD COMPANY.
l. BE Il eaac, ed by the Senate and House
Of Representatives, now met and sitting in Gen.
raj Assembly, AMI by the authority of the
same. That the formation of 4 corporate CON-
! pany is herepy authorized, for the construction
of rail road, on. the most practicable route,
from some point in or near the town of Colun-
bia, in Rich!aud District to the Savannah River,
Mt or near the town OF Hamburg, in Edgefieid
District, which said company shall have the ex.
elusive right to make, keep up and use such rail
road, and for the term of time hereinafter to be
mentioned no other rail road shall be construc-
ted between the points above designated.
II. That for the purpose of raising the capt.
tai stock of said company it shall DC lawful to
open books at Hamburg, under the direction of
Charles Hammond, E. j. Buckmascr and J. w.
Stokes; at Columbia under the direction OF u.
NJ. Thompsen, G. r. Bryce and VIM. Wallace; !;
at Lexington Court House, under the direction
of JohnsFox, Leroy Hendrix and A. Fl. Fort; mt
Edge6eld Court House, under the direction Of
S.Christie, R. I. Minis and S. +. Goode; and
st such other places, andunder the direction Of
such other persons as the said Commissioners,
or majority of them, may designate for the
purpose of receiving subscriptions to an amount
not exceeding one million of dollars, in shares
of one hundred dollars each, to constitute joint
capital stock for the purpose of constructing and
carrying into operation the rail road by this act
provided for, and on each share of the stock SUBJ
scrbed for the subscribers shall pay oihc Eom-
missions, who shall take the same, the sum OF
five dollars in specie, or the notes OF specie pay
ing banks of this State.
Ill. That it shall be the duty of the said
Commissioners, or u majority of thcm TO open
,ka,r ar c,i.h INN nc fhpv SlniI
deem expedent, of which thirty days previous
notice shall be given in any newspaper which
may be published in the towns Of columbia
! aud Ham burg, and at Lexington and Edgcfcld
Court Houses, which said books Of subscription
shall remain opel. for the space OF sixty days,
.and If at the expiration Of that time the sum OF
five hundred thousand dollars shall have been
subscribed, the said Commissioners shall ap-
point time and place for the subscribers to the
stock to meet for the purpose Of organizing, OF
which due notice shall be given by public adver-
tiscment 1t shall be the duty of the said Com
missoners to deposit in some of the banks of
.his State the amount Of money paid III upon
subscriptions to stock But if the sum OF five
hundred thousand dollars shall not be subscribed
within the time first appointed, the said Com
Sssioners herein named may, 1T their discretion,
SSasain open the books TO receive further sub
scriptions for said capital stock, and keep them
open at such time as they shall think proper and
fit, and the like course shall be pursued by the
said Commissioners on the second opening of
said books as are prescribed as to the first open
ing of them. And if the sum of five hundred
thousand dollars shall not be subscribed upon
the first and second opening Of said books, then
the said books may bc closed or kept open, as q
majority of the said Commissioners shall think
fit, and for such period Of time rs they may
prescribe; ProriaeA, That if upon the first and
second opening of said books, the sum of five
hundred thousand dollars shall have been sub
scribed, ttepower to keep open said books shall
be transferred to and vested in the subscribers
to said stock, or to the President and Directors
whom they shall appoint, and not in the Com
missoncrs; and prOrided, also that neither tho
said Commissioners nor the sutsc ibers of said
stock, nor their President and Directors, shall
have power to keep open said books and 10 re-
ceive subscriptions for Il longer period than two
years from the ratification of this Act.
w. That the sum of five hundred thousand
dollars shall be subscribed for in manner herein
prescribed The subscribers shall be, and they
are hereby declared to be incorporated into Il
company, BY the name and style of '.Thc Co
lumbia and Hamburg Rail Road Company"
and may meet and organize said company, as
herein provided.