The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1871-05-25

/ shall be loaned and advanced to the members
and stockholders, upon the esecurity OF real and
personal estate, and used IN the purchase OF
real estate for the benefit of ita members and
stockholders, on such terms and under such con-
ditions, and subject to such regulations as may,
from time to time be prescribed by the rules
and bylaws of said corporation; and it shall
| be lawful for the said corporation to hold such
lands, tenements, hereditaments and personal
property as shall be mortgaged or conveyed to
them in good faith by way of security upon its
loans and advances, and may sell, alien or 9th
erwise dispose of the same to its members and
stockholders only, as they, from time to time,
may deem expedient.
| Sec. 5. That whenever it shall occur that the
funds of the said corporation shall remain uri-
productive or uncalled for for the space of two
months, the corporation shall have power to
loan whatever amount may be thus OIL hand to
Others than Stockholders and members, for
such time and at such rates of interest as may
be established by virtue of such rules and bylaws
as may be made by said corporation.
Sec. 6. That whenever the funds of said cor
poration shall have accumulated to such an
amount that, upon fair and just division
thereof, each stockholder and member shall
have received, or be entitled to receive, the SUM
of two hundred dollars, or property of that val
uE.l
her 30 held, and such distribution and Lewiston
of the funds shall have been so made, then this
corporation shall cease and determine. This
Act, shall be taken and deemed a public Act,
and that the same may be given in evidence
without specially pleading the same. Provided,
that said CORPORATION shall have all the rights,
and be subject to all the liabilities, provided
in the "Act to regulate the formation of Corpo-
rations," passed December 10th 1870.
Approved March 9th, A. D., 1871.
AN ACT to incorporate the Moses Guards, Of
Ridgeway, in Fairfield County.
SECTION l. Be It enacted by the Senate and
House of Representatives of the State of South
Carolina, now met and sitting in General AS
sembly, and by the authority of the same, That
S. NJ. Smart, Jack P. james, Wyatt Bou!ware
and Samuel Adams, and their successors in Of
fee be, and are hereby, constituted body cor.
porate and polite under the name and style Of
the Moses Guards, with capital stock not ex-
ceeding the sum of FIVE thousand dollars, with
the right to sue and be sued, to plead and be
impleaded in any Court of competent jurisdic-
ton, to have and to use common seal, and the
same to alter, at will and pleasure and with all
other rights, privileges and immunities that
are now secured by law to like incorporate
bodies.
SEC. 2. This Act shall be deemed public
Act and shall remain in force for term OF
fourteen years.
The foregoing Act having been presented to
the Governor of the State for his approval, and
not having beer returned by him to the branch
of the General Assembly in which it originated,
within the time prescribed by the Constitution,
has become law without his approval.
F. L. CARDOZO, Secretary of State.
AN ACT to authorize Henry G. Lancaster,
Smith Howe and Henry A. Towles, to col
lcct wharfage and storage.
BE it 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 Henry @.
Lancaster Smith Howe and Henry A. Towles,
their heirs, executors, successors and assigns,
be-, and they are hereby authorized to collect
the usual rates of wharfage and storage Upon
all goods, merchandise and commodities that
may be landed at or upon their wharf at En-
terprise Landing, on Wadmalaw Island.
Approved March Z, 1871.
AN ACT to amend an Act entitled can Act to
incorporate the Homestead Building, Plant
Ing and Loan Association of South Carolina"
BE 1T ENACTED by the Senate and House OF
Representatives of South Carolina, now met
and sitting in General Assembly, and by the
authority of the same, That the said Act be 80
amended in Section /, as to read, between the
words, "Planting and Loan. "Dimc Savings"
and in Section II, to read, twenty-five dol
lars" instead of "two thousand"
Approved March 7, 1871.
AN ACT to incorporate the Charleston Rifle
men Club.
Be TT 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 Charles
ton Rinemen Club, of Charleston, and the sew
eral persons who now are, or hereafter may be,
officers and members thereof, and their success
sors, officers and members, be, and they are
hereby, declared to be body corporate and
polite, by the name and style of the Charleston
Rifemen Club.
Sec. 2. That the said corporation hereby
created and established, shall have succession
of officers and members, according to it's by
laws, and shall have power to make all neces-
sary bylaws not rcpugnant to the laws of the
land: and to have, use and keep common seal,
and the same to- alter at will, to sue and be
sued plead and be implicated in any .of. the
Courts of this State, and to have and enjoy ev-
cry right, power and privilege incident to such
corporation and it is hereby empowered to
take, hold, retain, possess and enjoy all such
property, real and personal, as it may acquire
BY purchase, right, devise or bequest or in any
other manner, whatsoever, and the same, or any
part thereof, to sell, alien, cucumber, mortgage,
or convey at the will and pleasure of such cor
poration: Provided, That the amount OF prop
erty, real and personal, so held, shall not, at
one time, exceed the sum of ten thousand dol
lars.
SEC. 8. That this Act shall continue in force
for the space of fourteen years, and until the
meeting of the next General Assembly thereat..
ter; and that the same shall be taken and
deemed public Act, and may be given in evil
dence without being specially pleaded.
Approved March 6, 1871.
AN ACT to incorporate the Mechanics Union,
No. l." of the City of Charleston, s.,
r. 10 AHa