The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-03-27
LAWS OF THE STATE,
Acts and Joint :Aeaolutiens,i Fsssear rhy
the General. .Assemblysok South Caro-
Mna, session Of 1s7O-,zI. s:;i' .sss5eF
aE0 F FOL A L.. ]

- q 49, !asfz'H.. -
@foFPIoIA L..f. .''tas
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AN Act to incorporate the waccamaw and
r. - Little River Canal Company: .i''s.
SECTION L. Be q enacted blythe Senate and
House Of Rspresentatlvesaofth the State of South
Carolina, now met and sitting IN General. As
sembly, and by the authority of. the same:
That j., 8. Borroughss, ", ,Es Holcombe,
George W.. Price, Jr., George 7. .Ltchfeld, 4.
c. Dunn and James E. Dusenberry, and suck
persons as now are or may become, hereafter
signs, be, and they are hereby, constituted a
body corporate and polite, by the name and
style Of the waccamaw and Little River Canal
Company, by which name they are hereby
made capable In law to have, hold, purchase,
receive, work, sell, mortgage, lease, enjoy
and retain to them. their successors and as
signs, lands, tenements Of all characters, and
chattels of whatsoever kind, as may be deemed
BY them most conducive to the objects and In
ests OF said corporation.
SEC. 2. That said corporation, by its title
aforesaid, may sue and be sued, plead and be
implicated In any court of this State, make
and use common seal, altering the same at
pleasure, establish, alter and amend such by
laws and regulations as shall be deemed prop
er by them, not in conflict with the eoastisu-
tlon or laws of this State or the United Ss..tes.
SEC. g. The capital stock of said company
shall be two hundred thousand dollars, with
the right to Increase the same by vote of q
majority Of the stockholders to any sum not
exceeding five hundred thousand dollars; that
said company shall commence business as
soon as its capital stock is fully subscribed,
and fifty thousand dollars Of the same paid up,
which stock may be paid either In money or
real estate, the same to be divided into such
number of shares and at 80 much per share,
as said corporation may determine, said
sharesto be assignable and negotiable under
such rules as said corporation may prescribe.
SEQ. A.. That there shall be annual meetings
of the stockholders, at such time and piscess
they may designate, for the purpose of schoos-
ing q board OF directors ito consist Of not less
than i've, nor more than nine; each of whom
shall be g stoekhohier) and q PRESIDENT ana
other officers of said corporation, TO manage
It's affairs.
SEC. S. That said company shall keep an
Office & Little River, in Horny County, which,
for all judicial purposes, shall be deemed Hs
location. ,sfs
Sec. C. That the said company shall and
may cause Q communication of inland naHaga-
ton by aycana and locks. to be made and
kept up, through such places as to them shall
seem most. fit and convenient, from 'Wacca-
nav to Little Riyer, in Horny County, and
that they and their successors forever shall
and may fix and establish, and be entitled 70
take and receive, by way of, Toll, for all goods
and merchandise carried on or through, and
boats, vessels and RATS, passing on or through
the said canal, such sums or rates as the said
company shall think proper to impose; aud
TIE sad company or their agents may stop
any guous, yrusutri- uuuts Or ru1Cs, 1rom pls-
Sing on the said canal until payment of the
said toll.
Sec. 7. That the said company shall have
power to purchase for themselves and their
successors forever, such lands as may be
necessary for the purpose aforesaid; and
where they and the owners of the said lands
cannet agree for the same, to take the said
lauds at valuation to be made by a majority
Of FIVE persons to be appointed by the Court Of
Common Pleas 10 value the same, which land
shall, on payment Of the sum at which 1t shall
be 80 valued, be vested In the said company
forever.
SEQ. g. That the said company shall be
obliged to keep the said canal and locks, at
all times, In good and sufficient order, condi-
ton and repair, on pain Of being answerable
for any damage occasioned by their wilfu |
fault or neglect.
SEC. 9. That If any person shall, wAlfully or
malictously, cut, break down, damage or de-
stroy, any bank or other work to be erected,
or made for the purpose Of the said naviga.
ton, such person shall be adJudged guilty Of
felony, and on conviction, shall pay a fne not
exceeding FIVE thousand nor less than FIVE
hundred dollars, or imprisoned In the peniten-
tiary not exceeding ten or less than two years;
and II any person shall throw dirt, trees, logs
or rubbish Into the said canal, so as TO pre1u,
dice the same, such person shall be answer
able to the said company for damages occa-
stoned thereby.
Sec. 10. That the said company shall have
power and authority to use any materials In the
vicinity of said canal for making the same, or
the said locks, or keeping the same In repair,
paying reasonable price for the same, which
price shall be aseertained In like manner as the
value of land which the company may take, as
aforesaid, in ease they and the owners of the
said land cannot agree about the price thereof.
Sec. IL. That the said company shall and
may collect water for the use of said canal and
locks, making satisfaction for the damages
done thereby; the said damages to be ascer-
tanned in the manner above directed with re-
spect to the value Of the land.