The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-04-01
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u. AUrs ;AsD JOIrT RESOLUTIONS

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y. A0Ts ;AsD JOIrT RESOLUTIONS
! ssals,asssaby e The Lsgis!asare-S Session 1870
ISss7;iFlsy and 1871. ~ q
.;sotNT! !aEso1ur1oND DBEoTINa THAI FUNDS;
S$fts KNOWN As oANBY SCHOOL FUND. AEaIAIH;
sfsINa M HANDS oFgcoGNTYi TREAAUREgS,
;5.iS 5sa. APPROPRIATED fTuPpfrnEAs 8; scHo9l
q: Be Il yesoloed by the Senate aud House
of Representatives of the State Of South
Carolina. now met and sitting in .General
Assembly, and by the authority OF the
same, That such sums OF the appropria-
tion Of 1926, 900 for the support Of free
schools for the year commencing Octo.
Der 31st, 1867, and ending October 31st,
1868, and known as the Candy fund,
now remaining in the hands of tho aeve-
raj County Treasurers. be-, and tho same
is hereby, appropriated for, the payment
of teachers claims; in the several Couns
tics, for the fiscal year commencing
November 1st, 1860; md auy uncx-.
pended balance of the same Shall be
applied to the froe school fund of said
Counties.
Approved the first day Of March, A. D.
AN ACT TO INCORPORATE THE WACCAMAw
AND LITTLE RIVER CANAL COMPANY.
SECTION 1. Be IL enacted by the Senate
and House of Representatives Of the
State Of South Carolina, now met and
sitting in General Assembly, md by the
authority OF the same, That j. s. Bor-
roughs. W. e. Holcombe, George w.
Price, Jr., George T. LitchGeld, T. G.
Dunn and James Z. Dusenberry, and
such persons as now are or may become
hereafter associated With them, their
successors and assigns, be, and they are
hereby, constituted q body corporate and
politic, by the name and style of the
Waccnmnw and Little River Canal Com
pany, by which name they nro hereby
made capable III law to have, hold, pur-
chase, receive. work, sell, mortgage,
lease, enjoy and rotain to them, their
successors and assigns, lands, tencmcnts
Of all characters, and chattels of whatso-
ever kind, as may be deemed by them
most conducive to the objects and inte-
rests OF 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 common seal,
| altering the same at pleasure, establish,
alter and amend such bylaws and regu-
lations rs shall be deemed proper by
them, not in conflict with the constitu-
ton or laws of this State or the United
States.
SEC. 3. The capital stock Of said com
pany shall be two hundred thousand dol
| lars, with the right to Increase tho same
by vote of majority OF the stockhold-
ers to any sum not exceeding five hun.
dred thousand dollars; thai said compa-
| ny shall commence business as soon as
| its capital stock is fully subscribed, and
| fifty thousand dollars Of the same paid
| up, which stock may be paid either in
| money or real estate, the same to be di-
yided into such number of shares, and OF
30 much por share, as said corporation
| may determine, said shares to be assign.
able md negotiable under such rules as
| said corporation may prescribe.
SEQ. 4. That there shall bo annual
| meetings of the stockholders, Mt such
| time and place aa they may designate,
for the purpose of choosing a board OF
| directors Ito consist of not less than five,
nor moro than nine, each of whom shall
DO stockhoider) and president, and
other officers OF said corporation, to
manage its affairs.
SEC. 5. That said company shall keep
an Office at Little River, in Horny Coun.
ty, which, for oil judicial purposes, shall
| be deemed it's location
J SEC. 6. That the said company shall
and may cause q communication of in
land navigation by canal and locks, to
be made and kept up, through such
places ns to them shall seem most fit and
convenient, from Waccamaw to Little
River, in Horny County, and that they
and their successors forever shall and
may fix and establish, and be entitled to
take and receive, by way Of toll, for MI
goods and merchandise carried on or
through, and boats, vessels and RATS,
passing on or through the said canal,
such sums or rates rs the said company
shall think proper to impose; and the
said company or their agents may stop
any goods, vessels. boats or RATS, from
passing on the said canal until payment
of the snid toll.
SEC. 7. That tho said company shall
have power to purchase for themselves
and their SUCCESSORS forever, such lands
as may be necessary for the purpose
aforesaid; and where they and the own
ers of the said lands cannot agree for the
same, to take the said lands at q valua-
ton to be made f,v noiorikv of Hvn