The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1871-06-03

as now are, or may hereafter be, associa-
| ted with ten, their successors and as,
signs, be, and they are hereby, constit,.
ted a body corporate and polite, by the
name aud style of the Union Gold Min
! ing Company, by which name and style
they are hereby made capable in law to
have, hold, purchase, receive, work, sell,
mortgage, lease, enjoy and retain to
them, their successors and assigns, lands,
tenements, mines Of ell characters, AMI
chattels of whatsoever kind, rs MAJ
be deemed by them nest conductive to
the objects and interests of said corpora
ton, which are mining and working for
gold anl other minerals, and manulac
turing the same in Union County, aud
other parts of the State of South Caro-
lima, and Of sending tho same to mar
ket. t3
SEC. 3 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 ut their pleasure, cs.
tablish, alter and amcnp such by laws
aud regulations MS shall be dccne pro-
per by them, not in co, h.ct with the
constitution or laws Of this STATE, or the
United States.
SEC. 3. That the capital stoco of said
corporation shall be ten thousand dol
lars, with the right to increase the same,
by vote Of Il majority of the Directors,
to any sum not exceeding one million OF
dollars; that said company shall com
mence busines, within sixty days after
the capital stock is fully subscribed, and
The stock may be pnid either in moacy,
or real estate, or mining leases and ma
chinery; the same to be divided into
such number of shares as safe corpora
tion may dctsrmine; said shares to be
assignable and negotiable under sach
rules as said corporation may prescribe
SEC. 1. That there shall be annual
meetings of the stockholders at such
time and place as the Directors may
designate for the purpose of choosing Il
board of directors, to consitt Of not less
than nine, each OF whcm shall be stock
holder and President and ether cili-
GERS Of said cCrpoiati,p, to man;y, its
Affairs.
SIC. s. That said company shall keep
an office at their principal niue in Union
county, which. for nll judicial pupropsc',
shall he deemed its location, and, also,
one in the cities of Columbia AMI New
York, if they choose; and all mce ings
# stockholders and dir ctors may be
held ut such pace, in on out of the St,
as may be dir, ,ctel by the ty-aws of
the company.
SEC. 6. That all tho property, real
and personal, of said company, Shall be
liable for lis debts, aud the private prop
erty ofthc stockholders shall be liable
for its debts, and the private property of
tho Stockholders shall be liable for III
debts Of the company to the amount OF
stack sutscri' ed
SEC. T. That this corporation Shall
q legal cx;stcn.c from t.lc time Il written
acceptance or adoption of this charter,
signed by :, majority Of the persons
named in the first section, Shall have
been fled in the oflica of the srcrt nv
Of state and this act shall continue in
force for thiiAy years from and after its
passage, aud the privileges and irpn-
chiscs granted by this cl artcr shall MT
be Withdrawn during ihat time
Appro.od March I, 1871.
y" Ac, foreqmrc Mc Covny C,mmi<.
Sionery to Report 10 Ac General AS
$c"iH.
SECTION l. lie it Rcso!gcd by the
Senate aud House Of Representatives of
the State of South Carolina, now me,
| nd c,.tin - ~ I 4