The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1870-04-10


sasE S = ssss=s.s. :.
transferable, sa provided in suoh oertifi-
Sasss S ssitsbIs baoas os ana sSa
transfer Of anch shares to be kept, and
every such transfer, to be valid, shall be
made in such books, and signed by the
shareholder, or his or her attorney, duly
authorized, In writing, and the Board Of
Directors may close the transfer books.
from time to time, as the convenience of
the Company may require. ,,,,-
SEQ. 8. That the Board Of Directors,
out Of the funds of said Company, shall
defray its expenses and pay its debts,
and may declare and pay out of the sur
plus net profits of its business. to it's
shareholders. or their duly authorized
attorneys, such dividends az they shall
deem expedient:
SEQ. 1O.o That the capital stock of said
Company may, ut any time, be increased
to any amonnt not exceeding in the ag-
gregate two million e. 600, ,OO0) dollars,
by the addition of new shares of one
hundred (100) dollars each. duly sub
scribed for, and paid in, in such manner,
and upon such terms as the Board of
Directors shall prescribe; Prouided.
That such increase shall have been first
authorized by the votes of majority in
interest of the stockholders.
SEQ. IL. That the stockholders of this
Company shall be liable for the debts
and obligations Of the Company to the
extent of double the amount of stock
held by them.
SEQ. 12. That this ACT shall take effect
immediately upon its passage, aud shall
continue in force for twentv-one years.
CHAS. w. MONTGOMERY,
President pro tenn. of the Senate.
FRANKLIN j. MOSES, JR.,
Speaker House of Represent tatives.
Approved the 2Sth day of February,
1870. ROBERT K. SCOTT,
Governor.
AN ACT TO PROVIDE FOR TIE Apo INT
MENT OF TRIAL JUSTICES
SECTION 1. BE ii enacted by the Senate
and House of Representatives of the
State of South Carolina, now met and
sitting in General Assembly, and by the
authority of the same, That the Go
vernon, by and with the advice and con-
sent of the Senate, shall. from time to
time, appoint and commission in the
several Counties of the State, q suitable
number of Trial Justices.
Sec. 2. Such Trial Justices shall be
distributed rs the convenience of the
several Counties requires, and the num-
Der in commission shall not exceed, in
Abbeville, nine; Anderson, sixteen;
Barnwell, ten; Beaufort, ten; Charles
ton, twenty four; Chester, eight; Claren-
don, six; Colleton, ten; Chesterfield,
four; Darlington, eight; Edgefeld, eight;
Fairfield, eight Georgetown, i've !;
Greenville. eight; Horny, ak; Kershaw,
six; Lancaster, four; Laurens, FIVE;
Lexington, seven; Marion, six; Marl-
boro, six; Newberry, seven; Oconee,
five; Orangeburg, seven; Pickens, five;
Riohland, eight; Spartanburg. twelve;
Sumter eight; Union, eight; Williams
burg, eight; York, eight.
SEQ. 3. Trial Justices shall be commits
stoned and hold their Offices for the term
Of two years, unless sooner removed by
the Governor. IF Trial Justice changes
his domicil, and removes therefrom the
distance of three miles, his authority
and jurisdiction as such Justice shall
thereupon cease. and another Trial JUS
tice may be designated and appointed in
his place.
SEQ. 4. The Governor is authorized
to suspend from his Office, for such
causes as to him shall seem Just, any
Trial Justice, and to designate another
person to perform the duties of such
suspended officer, (who, in turn, may be
removed and another designated,) and
he shall report such suspension to the
Senate, together with the name of the
person designated by him to perform the
duties of such suspended officer; and if
the Senate confirms the person so desig-
mated, the officer suspended shall be re-
garded as removed. and the vacancy
duly filled; but if the Senate refuses to
confirm him, the suspended officer shall
be restored to his Office.
Sec. s. This Act shall take effect on
and after the first day Of May next, but
the Trial Justices herein provided for
may be appointed and commissioned
prior to that time, to enter upon their
duties on and after that day; and on and
after the said first day of May the Office
of Magistrate is and shall be abolished.
SEQ. 6. That during the vacation of
the Senate, the Governor is authorized
to appoint Trial Justices. subject to the
approval of the Senate, to act, unless
sooner removed by him, till the end of