The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1871-04-21


being specially pleaded.
Approved March s, 1871.
AN ACT to Recharter the Cypress
SECTION i. Be it 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 Cypress Causeway, on the
road leading from Orangeburg to Char
lesion, be, and the same is hereby, re-
chartered aud vested in Samuel Haynes,
his heirs and assigns, for the term OF
fourteen years, with the same rates of
toll heretofore allowed by law: Provided,
That voters going to and returning from
the polls OH election day, and the chill
drcn going to and returning from school,
shall bespassed free over said causeway.
Approved March I. 1871.
AN ACT to Incorporate the Camden
Steam Mill Company.
SECTION l. BE it enacted by the Sen
ate and House of REPRESENTATIVES Of the
State of South Carolina, now met and
sitting in General Assembly, and by
the authority of the same:
Colin Macrae, A. J. Freitag aud Wal
ter F. Reed, and their associates and
successors, are hereby constituted body
polite and corporate, by the name Of
the Camden Steam Mill Company, with
power to sue and be sued, to- plead and
be impleaded in all the Courts Of law
and equity; may enjoy all the .privi-
leges incident to corporations, and may
purchase, hold and convey real and per-
sonal estate to all amount not exceeding
twent-tive thousand dollars.
SEC. 2. The business of said company
shall be grinding grain, ginning cotton,
hulling and pressing cotton seed, or any
other similar mechanical or industrial
pursuit they may choose to embark in,
| in tho town of Camden, South Carolina.
| The books for subscription to the capital
stock of said company shall be opened
! by the above named persons, in Cam
den. as soon as convenient after the
| Granting of this charter, in shares of
Twenty-Five dollars each. Said corpora
tion NAV have and use common seal,
which they may alter at pleasure.
Sec. 3. The shares shall be deemed
personal property, and be transferred
only on the books of said company, in
! such forms as the Directors may pre-
scribe. The said company shall, at all
times, have lien on all the stock or
property of the members OF said cOrpo-
ration invested therein, for all debts due
from them to said corporation, aud no
transfer Of scrip or stock shall be valid
until such debt, if any, shall be dis
charged; and said corporation may Or
caniZe. 90 into operation and commence
business whenever and as soon as five
thousand dollars to said stock shall be
subscribed for, and five dollars per share
of the same paid into the Treasury OF
of said company in cash and certi.
ticate, signed by the President and Sec,
retary of said company under oath, set
ting forth said subscription and pay.
ment, shall he filed in the office of the
Secretary Of State.
SEC. 4. The stock, property and af
fairs of said corporation shall be mana
red by Board of Directors, not les:
ihau three nor more than five, one ol
whom shall he chosen by them Presi
dent. and all of whom shall hold theil
Offices for one year, and until others are
chosen, and said Directors shall be an
nualy elected at such times and place:
as the bylaws Of said corporation shal
prescribe; u majority of said Direction
Shall, in all cases, constitute Board fo
the transaction of business, and a ma
iority of the stockholders at any lega
meeting shall be capable of transactinl
the business of said meeting, each shar,
emitting the owner thereof to one vote
which may be given in pVson or Lawful
proxy. The first meeting of said cor
poration, hereby formed, may be caller
} by majority Of the persons named il
, tn first Section of this Act, at such tim
and place, and upon giving such motto
thereof, as they shall deem rasouabl
and proper.
SEC. 5. The President and Director
or majority of them, for the time be
, ing, shall have power to fill any vacan
: cy which may happen, by death, resig
, nation or otherwise, for the current yea
or appoint Secretary and Treasurer
, and such other officers as may be neces
) sary, and may require the Treasurer an
: other officers to give bonds for the faith
!. full discharge of their trust and duty, q
, said directors may deem proper; an