The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1870-03-04

Acts andJO1ns Resolutions Passed by tho
AegisAnture OF South Carolina.
AN AoT 70 AMEND AN ACT ENTITLED GAN
AoT TO INCORPORATE THE GEORGETOWN
RAILROAD COMPANY" AND THE SEVERAL
ACTS AMRNDAToRY OF THE SAME.
SECTION l. Be ii enacted by tho Senate
and House of Representatives of the
State of South Carolina, now met and
sitting il General Assembly, and BY the
authority of the same, That the charter
OF the Georgetown Railroad Company,
and the Act amendatory thereto, ratified
on the twenty-eighth day of January, in
the Jss. % oaT Lord eighteen hundred
and sixty one, be, nnd the same are here
by, 80 amended as to authorize the said
company to extend their road to the
North Carolina line, in the direction of
Charlotte. North Carolina, by the most
direct practicable route: Prooided. That
said road shall not be located to run pa
raiiel within fifteen miles of the South
Carolina Central Railroad, and that the
corporate nome of said company shall
be ."Ehe Georgetown and Charlotte Rail-
road Company" instead of that by which
it is now called.
SEQ. 2. That for the purpose of in
creasing the capital stock of said COM
pany to an amount not exceeding two
millions of dollars, in shares of fifty
dollars each, it shall be lawful to open
books OF subscription. at suoh times and
places, and to keep them open for ouch
periods of time, and under the direction
OF such persons as may be determined
Dy said company. That subscriptions to
said capital stock may be made in land,
at rate per acre to be agreed upon at
the time of subscription, and that each
c.1I l. Il.
execute deed for the same to the said
company, and that all amounts subscrib-
ed, either In land or money, shall consti-
tute Joint stock capital for the purpose
OF constructing and carrying into opera
tlon the railroad provided for by this
Act, and the Acts to which this Act is
amendotory.
SEC. 3. That the said railroad shall be
subject to the provision of an Act enti-
tied ''An Act to declare the manner by
which the lands, or the right of way over
the lands of persons or corporations may
be taken for the construction and uses of
railways; and other works of internal i'm
provement;' and that nothing herein
contained shall be so construed as to ex-
empt the. said company from the pay
ment of taxes.
SEQ. 4. That all the eighth section of
oao Oa1A oOh VA OI Inc Salu
Georgetown Railroad Company, after
the word provided" and including said
word, be, and the same is hereby, re-
pealed: Prouided, That the work for the
execution whereof the said company is
incorporated shall be commenced within
one year from the first day of January
next, and be completed within five years
thereafter.
SEC. 5. That it shall be lawful for said
company to re-organize, by the election
OF the necessary officers and directors.
Sec. 6. All Acts, or parts of Acts, in
consistent with the provisions of this
Act, are hereby repealed.
In the Senate House, the thirty-first
day of January, in the year Of our
Lord one thousand eight hundred and
seventy.
CHAS. W. MONTGOMERY,
President pro tenn. of the Senate.
FRANKLIN j. MOSES, JR.,
Speaker House of Representatives.
Approved the Sd day of February,
1870. ROBERT K. SCOTT,
Governor.