Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1871-07-13
Approved March: 9, 1871.

dTlSllS tuelCll III. .uHOeA ciiO pAofioioio
of said will. - u
Approved March 9, 1871.
AN ACT to Charter the South Caroli-
ma Phosphate and Phosphate River
.lnaing Company, IN the State Of
South Carolina, and to Grant to the
Persons Therein Named: and Their
Associates, the Right to Dig and
lime IN the Beds of the Navlgable
Streams and Waters of the State Of
South Carolina for Phosphate Rocks
and Phosphate Deposits.
SECTION /. Be 1t 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 State of south Carolina
does hereby give and grent to the.
following persons, to wit; R. B. Ell
liott, Robert Smalls, w. J. Whipper,
n. B. Myers, Lucius Wimbush, W.
B. NaSh; S. A. Swails, E. ]. Max
well, James NJ. Allen, Y. #. Jones,
B. \. Bosemon, B. Byas, Edward
MickeyfE. Nebemias, W r.. leryey,
IJ n Hayne, Timothy. Hurley, An
| SON Y. Thayer, John B. Bates, ]. c.
Mayo, James NJ Orofut, F. ], Moses 4
j., A, ]. Ransier, G. w. Moptgone5s
ry, B. F. Whittemorc and b AZ, SisS5
son, and such other persons, as they
may associate with them, the right
to dig, mine: and remoyess for the ;tullgs
term Of thirty years, from the beds bssdsls7!
| of the navigable streams and waters
within the jurisdictionSo6 the State
ofsonth Carolin, the phosphate rocks
and PhasRhatiq daRSsita Freq HFss ssssa|sfds ss|f'e 8
That the persons named, and then
associates, shall not in any way In
terfere with the free navigation OF
the navigable streams and waters OF
this State, or, the private; rights OF
any citizens residing upon or owning
the lands upon the banks Of the said
navigable rivers. and waters of the
State, .
sRe.,a. Ihat this giit aud grant is
made upon the express condition that
said grantees shall pay to the State
of South Carolina the sum Of one CD
dollar per ton for every ton Of phos-
phate rock and phosphate deposits
dug, mined and removed from the
said -navigt tble rivers and waters Of
the State and, further, that the said
grantees shall pay iurQ the Efsasqry
Of the State the sum Of five hundred
dollars, as license fee, before COM
mencing business under ssid grant.
SEC. 8. Before commencing opera
tions under authority of this Act,
said grantees and their. associates
shall file, or cause to be filed, in the
Office Of the State Auditor, bond in
the PENAL sum af fifty thousand {s0,. |
O0Oj dollars, conditioned that said |
grantees and their associatesashall
make TRUE and faithful returns to
said State Auditor, annually, on or
before the first day of October, and
oftener, if required by the said State
Auditor, of the number of tons of
phoaPAatic recks and .phhe9sphatic de-
posts dug, mined and removed by
them from the beds Of the navigable
streams and waters OF the State a..'..
shall punctually pay to the State
Treasurer, annually, on the first day
of October, one Q) dollar per ton
for every ton Of phosphate rocks and
phQephaatic 4leposs!tta 81 BY them then dug,
mined and removed from Fhe beds oil
the navigable streams and waters
of the State during the year preced-
ing said bond to be renewed annu-
ally, and approved by the Attorney
General. The books Of said grantees
and their associates shall be opened to
the inspection OF the State Auditor,
or agent duly appointed by him for
that purpose.
SEC" That the capital stock of
said Company shall cirslst of two
million (2OO0,0OW dollars, to be d.
yided into shares OF one hundred dol
lars each, with the privilege of IN
creasins the same to an amount not
exceeding five million dollars; and
when the sum of three hundred thou
sand dollars shall have been subserib-
ed, the said Company may be organ
lied and 60 into operation.
Seq 81 Ehat the penfts Of said
Company may, from time to time, be
divided among the stockholders ac-
cording to such rules and regulations
as they may prescribe, notrepugnant
to the laws of the State.
SEC. 6. That the stock Of said
Company may be transferred in such
manner and form as may be directed
by the bylaws Of tho Company.
. Sec. 7. The said Company shall be
entitled to all the rights and privi-
leges accorded to other corporations
incorporated by the laws of this
State: Provided, That nothing in
this Act shall be construed as giving
to the said South Carolina Phosphate
and Phosphate River Mining Com,
pany the exclusive right to dig and
mine in the navigable rivers and wa
ters of the State.
SEC. s. All Acts and parts of Acts
inconsistent with this Act are hereby
repealed.
Approved March 9. 1871.
AN ACT to .Amcnd on Act entitled
an Act to Incorporate the Enter
prise kailyoad Company, Of Char,
lesion, South Carolina" Appr0ucd
MrcA l, 1870.