The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1869-05-27
MISCELLANY.
wATEREE AND NORTH. CAROLINA
RAII, ROAD


pany.
SECTION l. Be it enacted BY the
Senate and House of Representatives
Of the State of South Carolina, now
sitting in General Assembly, and BY
the authority of the same, That Will
liam NJ. Shannon, Joseph B. Kershaw,
John NJ. DeSaussure, james Dunlap,
James A. Young, James NJ. Davis, and
sheir associates and successors, e::here-
BY constituted a bvdy polite and
corporate, by the name and style OF
the Wateree and North Carolina Rail
Road Company.
SEC. 2. That the said Company is
hereby authorized to construct rail
road from the town of Camdent to some
point on the North Carolina line, as
nearly on a line between the town Of
Camden and the town of Goldsboroush,
Nor:h Carolina, as may be practical lc;
and also railroad from the town of
Camden to the North Carolina linz in
the direction of Greensborough, North
Carolina, as may be pract cable; and
'also railroad from the town of Cam
den to the North Carolina line, in the
direction of Charlotte, North Carolina.
Sec. That for the purpose Of raising
the capital stock of the said company,
1T shall be lawful to open books in the
town Of Camden, under the direction of
james Dunlap, James A. Young and
James NJ. Davis; at Lyuchwood, kcr'
shaw 'Conmty. under the direction of i.
W. X. Blair, John X. Shaw, b. S. Lu-
cas- and Daniel Bethune; at Cheraw,
under the direction Of Henry McIver
Alexander Mcqueen, i. S. Prince and
Thomas Il. powc; at Flat Rock, Ker-
shaw County, under the direction of j.
Hsoss Dye and Lemucl B. Stephenson;
at Lancaster, under the direction of
James i. Reed, Jno. d Wylie, Will
liam A. Moore aud W. NJ. Connors,
for the purpose of receiving subscrip-
tions to an amount not exceeding two
millions of dollars, in shares of one hun
dred dollars each, for the purpose Of
co, structing tile railroads provided for
by this Act.
SIC. i. That the amounts subscribed |
at the places 81, which books are open.
ed along the proposed lines towards
'Gold>borongh and Charlotte, respcc-
lively, shall only be called in, the par.
ties required to pay the same or regard
ed in any way.as stockholders in the
said company for the purpose of build
ing, and in connection with the Rail
Road along the line where such sub
scriptions are made..
SEC. 5. That the times and places
for receiving such subscriptions shull be
fixed by the Commissioners in the town
of Camden, or majority of them, and
shall be advertised for thirty days in
.one or more newspapers in this State,
and the books for receiving such sub
scriptions shall be kept open for sixty
days at each Of the places where the
same shall be opened.
SEC. 6. That on each share of the
stock subscribed, the subscriber shall
pay to the Commissioner receiving such
subscription the sum of FIVE dollars, and
no subscription shall be valid without
such payment, and at the expiration Of
the time here prescribed for keeping
open the books, the said Commissioner
shall make u return of the subscriptions
taken by them, and the sums paid
thereon, to the Commissioners in the
town of Camden,
Sec. 7. That when the sum of three
hundred thousand dollars shall be sub.
scribed in the manner herein prescribed
the said company may meet and organ.
ize at such time and place as may be
designated by majority of the Com
missionsrs herein named for the town
of Camden, due notice having first been
been given.
Sec. 8. That for the purpose or or
ganizing and forming this crmpany, all
the powers conferred by the charter of
the Northeastern Railroad Company
on the Commissioners therein named
shall be vested in the Commissioners
named in this Act: Provided, The
Commissioners named at any point shall