Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1871-03-17


the Treasury not otherwise appropriated, tho
accounts to be audited by VIC State Auditor,
and paid up on the warrant of the Comptrol-
Ter. General.
Approved December 2s, 1870.
Joint Resolution Authorizing the State Au-
ditor to Suspend Proceedings in Certain
Cases.
BE it Resolved by tho Senate and House
of Representatives of the State of South Car
olina, now met and sitting in General Assem-
bly, and by tho authority of the same, That
tho Suite Auditor be and is hereby authorz.
cd and instructed to suspendall proceedings
under the Act to provide fol the assessment
and taxation Of property, passed 18th day Of
September, 1868, relative to tho assessment
and taxation of tho South Carolina, North.
eastern, and Cheraw and Darlington Railroad
Companies, until the suits, brought by said
companies in the United State Circuit Court,
shall have been decided
Approved the 18th day Of January, A. D.
An Act to Incorporate tho South Carolina
Saving and Building Association, No 2.
SEoTIoN 1. BE it onactid by the Senate
and House of Representatives Of tho State
Of South Caroline, now pet and sitting in
General Assembly, am, ri tho authority of
the same, That Q, ID. R, bis, q. Plengo, j.
Steibcr, r. Issertef, HS. lcifi. Eckel, N. Is.
real, A. Tioenfthal, 4, 4, pcncdickt, Philip
Meltzcr, John Rugeheiu@r, A. w. Eckei,
Charles Litsehgi, A. Nemanu, Edward
Pills, l.. Klein, Il. Litsoh& ohm NJ Martin,
J. Nollcrs, Roessler, 2. Hointz, and G.
Q. Nah6els, together with Suoh other persons
who now are, Or hereafter hay be, associated
with them, be, and they arg hereby incorpor-
atcd and declared a body Hltio and coruor.
ate, under the name and style of South Car.
olua Saving and Building Association, No.
2, for the purpose of buying and selling real
and personal aud making loans of money, Sc
cured by mortgages of real and personal pro.
perty.
SEC. 2. That tho capital stock of the said
corporation shall consist OF thirty shares, to
be paid in by successive weekly installments
OF two dollars on each shate, so long as the
corporation shall continue, or by such other
contributions as shall be ass4sed and required
by an unanimous vote of the share holders,
the said shares to be held, transferred, assign
ed and pledged, and also ito be liable to be
forfeited to the corporation, and the holders
thereby, to be subject to such fines and for
FIXTURES for violation of Pthe Constitution,
Rulcssnd Bylaws and for default of payment
OF the said contribution as may be prescribed
by the Constitution, Rules and Bylaws of
the said corporation, and, moreover, the said
shares to be disposed of at the DEATH resig.
nation or removal from the State, of any
share holder, in such manner as may DC pre-.
scribcd by the said Constitution, Rules, and
Bylaws
SEC. 3. That the said corporation shall
have such number and succession of officers
and members as shall be ordained and chosen
according to the Constitution, Rules and By
Laws made, or to be made, by the said corpo-
ration for its government, and shall have pow
or and authority to make any such Constitu
tion, Rules, or bylaws as, src not rcpugnant
to tho Constitution and iDyS Of the land
shall have and keep a com,rsbn soal, oud .ltor
the same at will, to sue and be sued plead
and be implcaded in any Court of Law or
Equity in this State, and shall have and en-
JOY all and every right and privilege incident
and belonging to corporate bodies.
SEC. 4. That the funds Of the said corpo-
ration may be invested in such property, real
or personal, and securities, public or private,
and loaned to share holders and members or
other persons or corporations, on snch sccuri-
ties, in such mode, on such terms, under
such conditions and subject to such rcgua-
tions, as may be, from time to time, prcscrib
ed by the Constitution, Rules ard by Laws
of said corporation, AID it shall and may bo
lawful for the said corporation to take and
hold such lands, ,tcnemcnts and heredltaments,
and personal property, bonds, stocks, public
or private, and chooses in action, as they shall
acquire by purchase, devise, bcqucsts, gifts,
assignments and otherwise, and to take and
hold such lands, tenemcnts, hcreditamcnts
and personal property, and such other stocks
and bonds, public or private, or chooses in ac-
ton, as shall be mortgaged, conveyed, as
signed or pledged to it by why of security
upon its loans or advances or purchase at
sales thereof, and to sell, alien, transfer, or
otherwise dispose of the same, from time to
time, as the said corporation may doom expe.
dicnt
SEC. s. That Immediately after the cxpi-
ration of ten years from the present time,
the assets of the corporation shall be fairly
and justly divided among the stockholders
aud membcrs thereof, and upon this dstribu.
ton and division, then this corporation shall
cease and determine.
SEQ. 6. That this Act shall be taken and
deemed public Act, and that the same may
be given in evidence, without being specially
pleaded.
Approved February II, 1871.
BORDEAUX, March 10.-The Assembly,
after strong speech from Theirs in favor Of
removal to Versailles, defeated the amend.