The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1871-03-31

all sales Of either real or personal
property made by judgment debtors,
and the entire proceeds of said sales
having been paid into the Shcriff's
Office to be applied towards the salts
iSfaction of the demand in that office
prior to the passage Of this Act, shall
be considered confirmed, unless OBJ
'jections to the price at which said
property had been sold shall be made
by any Of the Judgment creditors
within three months from and after
the passage of this Act, and, provided,
oticctions shall be filed, as specified
in Section 2 Of this Act, in such case
tho Sheriff shall proceed rs directed
in Sections 2 and 3 OF this Act.
SEC. s. Be it further enacted, That
all Acts and parts of Acts inconsist-
cnt with this Act are hereby repeal
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Approved the eth day of March A.
D. 1871.
AN ACT to Charter the South Carolina
Phosphatic Rircr Mining ConQ'dny, IN
the ,S3n'c Of Snah CUroi;nn, dntt to
Grant to the Persons therein namca,
Glad h;cis. hssociltcs, TIC Right to Dig
and Nine il, the Bctls Of the Naoigdb'e
.S.co,ns nnd Waters Of the StGtc Of
,South Curoi;ad .for Phosphate Roc&s
and Phosphatic Deposits.
SECTION !. BE it enacted by the Sen
ate and Houseof 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 grant to the
following persons. to wit: Il. B Ell
lott, Robert Smalls, W. J. Whipper,
n. b. Myers, Lucius Wimbush, W. b.
Nash, S. y. SwaiIs, II. j. Maxwell:
James NJ. Allen, w. II. Jones, b. A..
Bosemon, B. Byas, Edward Mickey
T.. Nchcmias, W. r Jervey, J. n.
lIayne, Timothy Hurley: Anson W..
Thaycr, John B. Bates, J. G. Mayo,
lanes NJ. Crufut, +. J. Moses, Ir., A. j..
Ransicr, G. w. Montgomery, B f.
Whittcmorc, and r. \. Sisson, and
such other persons as they may asso
ciatc with them, the right to dig.
mino and remove, for the full term OF
thirty years, from the beds Of the nav
isablc streams and waters within the
Jurisdiction Of tho State of South
caroline, tho phosphate rocks and
phosphate deposits: Provided, That
the persons named, and their assocl-
ales, shall not in any way interfere
will. the free navigation Of the navi-
gaole streams and waters Of this
State: or the private rights of any
citizen CT citizens residing upon or
owning the lends upon the banks of
of tho said navigable rivers and wa
lcrs of the State.
Sec. 2 That this gift and grant is
made upon the express condition that
said grantees shal! pay to the State
! of South Carolina the sum Of ono O.
dollar per ton for every ton Of phos-
phate rock and phosphate deposits,
dug, nincd and removed from the
said naviyablc rivers and waters OF
the State: Iind further; That the said
grantees shall pay into tho Treasury
os the State the sum Of fve hundred
dollars, as . license fee. before com
mcncinS business under said grant.
Sec. 3. Before commencing opera
tons under authority OF this act, said
grantees aud their associates, sla'. file
or cause to be filed, in tic Office Of the
State auditor, q bond in the penal
sum Of fifty thousand 10000, dollars,
conditioned that said grantees and
their associates, shall make true and
faithful returns to said State Audi,
Itor, annually, on or before the first
lay Of October, and ottener If re.
Iqui1cd by the said State Auditor, OF
tho number Of tons Of phosphate
rocks and phosphate deposits dug.
mined and removed by them from
the beds of the naviyablc streams and
waters OF the State, and shall punctu-
ally pay to the State Treasurer, al
nrally, on the first day Of Cctcbcr
cnc ~ dollar pei ton for every to'D
Of phosphate r,cks and phosphate
dc .'osi,s by them dug, mined and re.
no;cd from the beds Of the navi 81.
blc streams and waters Of tne State
during the year preceding; said bond
10 DC renewed annually, and approved
by tire attorney General. The books
OF taid grantees and associates, shall
be opened to the inspection or the
State Anditc-, or agent duly appoint
&c by him for that purpose.
SEC 4. That the capital stock OF
said company shall consist Of two mil,
!ion $1,000, ,C00) dollars, to be divided
into shares o. orc hundred dollars
each, with the privilege Of increasing
Tie same to an Gmout not exceeding
five million dollars; and when the
sum Of three hundred thousand dol
lars shall have been subscribed. tnr
said company may bc organized and
20 into operation.
SEC. +. That the profits of said
company may, from time 10 time be
divided among the stockholders &C
cording TO such rules and regulations
as they nay prescribe, not repugnant
to the laws Of the State.
Sec. G. That the stock Of said CON-
pany may be transferred in such
manner and form as may be directed
by the bylaws of the company.
SEC Z. The said company shall be
entitled TO all the rights and privi-
leges accorded to other corporations
Incorporated by tho laws of this
State: Propided, That nothing in this
act shall be construed as giving to
the said South Carolina Phosphate
and Phosphate River Mining Com
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