The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1871-04-21

AN ACT to Charter the 1eheoSee ana
An;Uen Railroad Company, IN tie State
Of South Carolina.
SECTION !. BE it enacted by the Sen
ate 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 for the
purpose of establishing Railroad COM
pany from Ycmassce, on the Savannah
and Charleston Railrobd, to point at
or near Millen, Georgia, that a charter.
with the rights and privileges incidental
to the same, be, and is hereby, granted
to, and vested in, John D. Bates, Francis
E. Douner, Lewis D. Sam, Daniel
Johnson, James a. Dunbar, Lewis
Brum, Emery Washburn, John B. Dem
mis-, Kerney L. Jones, Timothy Hurley
Anson w. 'Hhayer, H. II. Montgomery,
George Waterhouse, J. C. Mayo, J. NJ.
Crofut, H. NJ. Stewart, Sr., Fl. ]. Max
well, and their associates; and when q
company shall be formed, in compliance
with the conditions herein prescribed,
it shall be known by the name of
the Yemassee and Millen Railroad Com
pany, and shall have a corporate exist
ence, as body polite, in perpetuity.
SEC. 2. That the capital stock OF said
company shall he five million $1,000, ,oOO)
dollars, in shares of twenty-five dollars
each; and, in order to raise the said
capital stock, it shall be lawful to open
books of subscription in such places, and
at such times, as may be deemed for the
best interests of the corporation, under
the direction of the corporators-the
times and places tor receiving such
subscriptions to be determined by ma
iority of the corporators; but should
such majority fail to fix such times and
places, then such times and places may
be fixed by any four of the corporators
hereinbore named, having given due
notice of the sslne in any newspaper or
of the State; and the sub
scrintion books shall be kept open for
twenty days from such times, and at
such places, as said corporators may
that on each share of stock
the said subscribers shall pay
two dollars to the corporators, who shall
deposit the same in some national or
State bank. When one hundred thou
sand dollars shall have been subscrib-
ed, the said corporation, or any four Of
them, shall give notice, by publication
for ct least ten days, OF the time and
place of meeting for organization.
Sec. 8. Whenever the said sum of one
hundred thousand dollars shall have
been subscribed, the subscribers, their
executors, administrators and assigns,
shall be, and they are hereby, declared
70 be Incorporated in company, and
shall have all the rights and privileges
conferred. upon the Savannah and
Charleston Railroad Company, ratified
December 2lst, A. d. 1858: Provided,
however, That nothing herein contained
shall be so construed as to exempt the
said company from the payment of
taxes; And provided, further, That
this Act shall not be construed SO as
to bind the State to endorse, guarantee
or aid said road. !
SEC. 4. That the said company shall
have the right to build bridges across
navigable rivers: Provided, They shall
put in good and sufficient draws, and
shall construct necessary stations and
turn-outs, with one or more tracks to
The road, with such guage as will corre-
spond with that of the Savannah and
Charleston Railroad, and may cooper
ate with such road or roads as may be
chartered by the State of Georgia, form
ing but one road, at their discretion :
That the said road shall be
within one year, and COM
pleted within five years, after the pass
age of this Act, or the charter thereof
shall be forfeited; And provided, fur
ther, That said road shall be subject to
the provisions Of an Act entitled IAN
Act to declare the manner by which |
the lands, or the right of way over the
lands, of persons or corporations may be |
railways, and other works of internal
ratified September 22d,
A. D. 1858.
Sec. 5. This Act shall be deemed a
public Act, and continue in force for
years.