The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1871-04-15

oahhaSe shaii, De adJudSed to the person
alleged to be injured OF damaged, or
likely SO to be, the corporation shall pny
the amount thereof, with costs of ap
praisal, which said costa shall be liquida-
ted and ascor;aincd in said award; and
said Commissioners shall each receive,
for their services. two dollars for each
day they areactually employed in max
ing said appraisemcpt; aud upon pay
men. of such award, the right, title, in
terest or property described in said as
sessment, shall become and be vested in
ann be the property of such corpora
ton.
SEC. 5. The capital stock Of such
corporation shall be fly thousand dol
lArs, to be divided into two thousand
shares of twenty-five dollars each, which
may be increased, from time to time, to
such an amount as and whenever a ma
jority Of the stockholders present ct any
general meeting shall elect; books of
subscription may be opened to obtain
the amount eff stuck first above named.
at such time and place within this Ssate
as n MAORI y,of the persons first above
uamad shall determine; and for the in.
creased st ok in such a manner as the
said corporation may deem e~xpedient;
and the SAID corporation shall so into
operation at such time rs q majority of
the stockholders may fix.
SEC. 6 Such corporation may lease,
sell or convey its propcrtJ, rights. priSi-
leges and franchises, or any interest
therein, or any part thereof, to, or may,
mite with any telegraph company orga-
nizcd under or created by tho laws of
this or any other State; nah acquire, by
lease, purchase or conveyance, the prop
erty, rights, privileges and franchises or
any interest therein, or any part thereof,
o fany telegraph company organized I'm
der or created by the laws of this or auy
other State, and may make payments
therefor in its own stock, money, bonds
or property. or receive payment thereof
IN the stock, money, bonds or property
Of the corporation to which the same
may be sold, l,nled or mnrtsa@Ad Or
conveyed, or Of any other corporation or
corporations Irori2ed, houeucr, That
no such purchase, 81 c, lease or vonvcy-
sucn by any corporation shall be valid
until the written consent Of the holder
or holders of majority of the capital
stock sholl have been obtained.
SEC. z. he stock subscribed for may
be issued at such price of subscription,
aud upon such terms Of payment or OK
change; as the holder or holders Of n
majority Of the stock at such time shall
determine, except that tho first subscrip-
ton price. terms of payment or exchange
shall be fixed by the persons first named;
and any corporation or corporations may
subscribe for, purchase, hold, sell or
convey the capital stock of this corpora
ton, as often, and to as great an extent,
as such corporation or corporations may
deem advisable.
SEC. s. That said corporation may
issue bonds for such an amount as the
officers shall fix, and may secure the
same by a mortg ,ge upon so much Of
the property, rights, privileges and fran
chises OF said corporation MS may be
named in such mortgage, which mort
gage may be recorded in the Office of the
Register of Jesne ~Conveyances in the
County efAlsichland, in this State, aud
thereuyon, and thereafter, it shall be-
como aud be n lien upon all the proper
ty, rights, privileges and franchites, or
OF any interest therein, and oi any part
thereof, d scribed in said mortgage.
SEC. 8. Any person who shall will
fully and maliciously %iniurc; modest or
destroy any Of said lines, posts, piers or
abutments, or the materials or property
belonging thereto, shall, on conviction
thereof, be punished by a fiue not cx-
cceding five hundred dollars, or impris-
onmcnt in the Peni,cntiary ct hard labor
not exceeding one year, or both, in the
discretion of the Court before which the
conviction shall be had, aud, in addition
thereto, shah pay such damages las shall
be caused by him or her, to be recovered
il a civil notion by said corporation.
SEC 10 Tle Beard Of Directors, as
often as the interests Of the Corporation