The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1871-05-31

corporation may determine, said
shares to be assignabIc and ncgo.
| table under such rules as said cor
poration may prescribe.
SEC. +. That there shall be an.
nuaI meetings Of the Stockholders
at such times and places as they
may designate, for the purpose Of
choosing Board OF Directors, (to
consist Of not less than five non
more than nine, each Of whom
shall be q Stockhol1cr), and a
President, and other officers Of said
corporation, TO manage its affairs
SEC. 5. That said company shall
keep an office at Little River, in
Horny County, which, for all judi
cial purposes, shall be deemed its
location.
SEC. G. That the said company
shall and may cause communlca'
ton of inland navigation by Il ca
nal and locks, to be made and
kept up, through such places as to
them shall seem most tit and con
vcniemt, from Waccamaw to Little
River, in Horny CoUnly; and that
they and their successors forever
shall and may fix and establish,
and Uc entitled to take and receive:
by way Of toll, for all goods and
merchandise carried on or through:
and boats, vessels and RATS, pass
ing on or through the said canal:
such sums orratcs as the said COM
pany shall think proper to impose;
and the said company, or their
agents, may stop any goods, YES
sells, boats or rafls, from passing
on the said canal until payment OF
the said toll.
SEC. I. That the said company
shall have power to purchase 1or
themselves and their successor Tor
ever. such lands rs may be ncces-
Sary for the purpose aforesaid
and where they and the owners
Of the said lands cannot agree for
the same, to take the said lands
ut 4 valuation to be made by q
majority Of five persons to be ap-
pointed by the Court Of Common
Pleas to value the same: which
land shall, on payment Of the sum
ut which it shall be so valued, be
vested in the said company io"cv,
or.
SEC. s. That the sad company
shall be Obliged to keep the said
canal and locks, ut all times, IN
good and sufficient order, con-
dition, and repair, on pain Of. being
answcrahIc for any damage occa,
stoned by their wiiIful fault OF
neglect.
SEC. Q. That if any person shall.
wiIIlniIy or maliciousIy, cut, break
down. damage or destroy, any
bank or other work to be erected:
or made for the purpose OF the
said navigation. such person shall
bc ad.iudged guilty Of felony, and,
on conviction: shall pay a fine not
:,cxcccding five thousand, nor less
than five hundred dollars, or i'm,
prisoncd in the Penitentlary, not
exceeding ten o. less than two
years; and if any pcrSo" Shall
throw dirt, trees, logs or other
rubbish into the said canal, so as
to prejudice the same, such per
son shall he answerable to the said
company for damages occasloncd
thereby.
SEC. 10. That the said company
shall have power and authority tc
use any materials in the vicinity
Of said canal, for making the same
or the said locks. or keeping the
same in repair, paying q reason
able price for tho samo, which
price Shall be asccrtaincd in like
manner as the value Of land which
the company may take, as atorc
said, in case they and the owners
Of the said land cannot agree about
the price thereof.
SEC. II. That the said company
shall and may collect water toi
the use Of said canal and locks
making satisfaction for the dam
ages done thereby; the said dam
ares to be asccrtaincd in the man
ncr above directed with respect tc
the value Of land.
SEC. -. That this Act shall be
deemed and taken TO be 4 public
.Act, .indicially taken notice Of as
such, without special pleading
and literally construed for carry
inc the purposes aforesaid into Ct:
feet. for the term Of thirty-tive
wears. and to the sitting OF tho
next Genera! Assembly thercafter
Approved the 9th day Of March
\. y. 1871.
$780, -----