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

hereby, constituted q ooay Ioi
md polite, by the name and style OF
he Waccamaw and Little River Ca
lal Company by which name they
IRE hereby made capable in law to
have, hold, purchase, receive, work..
sell, mortgage, lease, enjoy and re-
tain, to them, their successors and as
signs, lands, tenements Of all char
acters, and chattels Of whatsoever
Kind, as may be deemed by them
most conducive to the objects and
interestsof said corporation.
SEC. 2. That said corporation, by
its title aforesaid, may sue and be
sued, plead and, be impleaded, in any
Court of this State, make and use
commonSseal, altering the same at
pleasure, establish, alter and amend
such bylaws and regulations as shall
be deemed proper by them, not in
conflict with the Constitution/or laws
Of this State, or the United States.
SEC. 8. The capital stock of said
Company shall be two hundred thou
sand dollars, with the right to IN
crease the same by vote Of a major
itv of the stockholders to. any sum
not exceeding FIVE hundred thousand
dollars that said Company shall
commence business as soon as its
capital stool, is fully subscribed, and
ilty thousand dollars Of the same
paid up. which may be paid either in
money or real estate, the same to
be divided into uchnumber Of shares,
and at SO much per share, rs ssi9 COR
poration may determine, said shares
TO be assignable and negotiable un-
der such rules as said corporation may
prescribe.
SEC. 4. That there shall be annual
meetings of the stockholders, at such
time and place as they may deslg-
nate. for the purpose of choosing a
Board of Directors, to consist OF not
less than five, nor moce than nine
(9], each of whom shall he sock
holder, and President, and other
officers Of said corporation, to manage
its affairs.
SEC 5. That said Company shall
lleep.an Office at Little River, III
Horny County, which, for all judi
ciai purposes, shall be deemed its To-
cation.
SEC. 6. That the said Company
shall and may cause communication
of inland navigation, by canal and
locks, to be made ands kept up,
through such places as to them shall
seem most fit and convenient, from
Waccamaw 10 Little River, in Horny
County and that theNand their sue.
cessors forever aaall end may fix and
establish, and be e,atitied 20 take
and receiv', by way of toll, for all
goods and merchandise carried on or
through, and boats, vessels and RATS
passing Oh or through the said canal,
such sums or rates as the SAID Com
pany shall think proper to- impose
and the said Company, ortheir agents,
may sop any goods, vessels, boats
or RATS, from pass:&s eq the said ca
nal until payment OF the tcad.
SEC. I. That the said Company
shall have power to purchase Tor
themselves and their successors for
ever such lauds as may be necessary
for the purpose aforesaid and where
they and the owners of the said lands
cannot agree fss the same, tostake the
said lands at valuation 10 bp made
by a majority of five persons to be
by the Court Of Common
Pleas to value the same; which land
shall, on paymentof the sum at which
it shall be so valued, be vested In the,
said Company forever.
SEC. s. That iha said Company
Shall be obliged TO keep ttls sag gu.
nal and locks, at all times, in good
and sufficient order, condition and
rs pair; on pain of being ansverable
tor any damage occasioned by their
willful fault or neglect
SEC. 8. That if any person shall,
willfnlly or maliciously, cut, break
aowa, damage or. destroy any bank
o. other work to be;erected, or made
for the purpose Of the s9ie Eayiga-
ton, such person shall be adjudged
gnilty OF felony, and, OH conviction,
.l.;,l! pay Il fine not exceeding five
ihoasan,l, nor less than. FIVE hundred
dollars, or imprisoned in the Penlten-
ii:.ry, not exceeding ten OF less than
,wo wears: and ii any person shall
;i.ys.y dirt, trees, logs, other rub
biyh, into ::ia ,aiI canal, so as to pre-
inejice the same, sues. 4a9ses.s9n shall
be answcratle to the said Company
lor the damages occasioned thereby
SEc. 10. That the said Company
shall have power and authority TO
use any materials in the vicinity Of
:. id canal for making the same, or
tl. sai4 locks. or keeping the same in
repair, payia8 3 rcasonable price for
the same, which price saan llhe ascer-
tanned in like manner as the value OF
land which the Company may take,
as aforesaid, in case they and the
owners of the said land cannot agree
a5out the price thereof.
SEC. II. That the said Company
si.;ll and muy collect water for the
,lsc 9; saiA canal and locks, making
.a' .siaction ioi ii4gssa damages done
:lYreby 1.-the sad damages tq be as
cq! eli4ed in the manner above direct
Ell with respect to the value of land.
sec. -. That tbisaAet shall be-
.lc..aa,! and taken to bea public Act
j., i;.,asiia:ly taken notice Of as such,
VI 4of; special peading, and liberally
itor carrying The purpose.
into effect, for;the term oil
tlrty.tYs years, and to the sitting
o, The next dCeiis22;tp Assembly there
az er.