The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-04-27
LAWS or THE STATE.
Acts and Joint Resolutions, Passed by
tho General assembly of south caro-
1ins. Session OF 1s7O-'71.
70 F1cIAL j

An ACT to incorporate the Union Gold Mining
Company, OF South Carolina.
SECTION 1. Re u enacted BY tue senate and
House of Representatives Of the State OF South
| Carolina now met and sitting in General AZ
sembiy, and by the authority of the same:
That Lucian Hawley and George c.. Alden, oI
| the City Of Washington, D. g., Alvin II. Ultey,
| Oliver Cornell and C. C. Puffsr, Of the County
OF Union, and State OF South Carolina. ana
such other persons as now are or may hereaf.
ter be associated with them. their successors
and assigns, be, and. they hereby are, eonsti-
tuted a body. corporate and polite by the
name and style Of tho Union Gold Mining
| Company, by which name and style they are
hereby made capable in law to have, hold, pur-
chase, receive, work, SELL. mortgage, lease, en-
/ iov and retain to them, their successors and
assigns, lands, tenements, mines of all charac-
ters aud chattels of whatsoever kind as nay be
deemed by them as most conducive to the OBJ
ject and interest Of said corporation, which
are mining and working for gold and other
minerals and manufacturing the same in Union
County and parts Of South Carolina, and Of
sendipg the same to market.
SEC. 9. That said corporation, by it's title
aforesaid, may sue and be sued, plead and be
implicated, in any court Of this State, make
and use a common seal, altering The same at
their pleasure, establish, alter and amend such
bylaws and regulations as shall be deemed
proper By them, net 10 conflict with the Con-
s%titutiop or laws Of this State or The United
States.
SEC. 8. That the capital stock OF said corpo-
ration shall be ten thousand dollars, With the
right to increase the same by a vote OF q ma
iori.y of the directors, to any sum not exceed
ing one million Of dollsre; that said company
shall commence business within sixty days az
tor the capital stock is fully subscribed. and
the stock may be paid either in moneJ or real
estate, or mining leases and machinery; the
same to be divided into such number Of shares
as said corporation may determine, said sh ares
to be assignable and negotiable under SUCH
rules as said corporation may prescribe.
SEC. 4. That thoro shall be annual m aetirgs
Of the stockholders at such time and place as
the directors may designate for the purpose o:
choosing a board Of directors, to consist of not
less than five nor more than nine, each Of
whom shall be a s!ockhoider, and q president
and other of6cers of said corporation, to
manage its affairs.
SEC. 5. That said company shall keep an Of
fee at their principal mine in Union County,
which, for all judicial purposes, shall be DEEM
ed its location, and, also, one in the cities Of
Columbia aud New York, if they choose. and
all meetings Of stockholders and directo:' 3 may
BIS held at such place. in or out of the State as
may be directed BY the bylaws OF the COM
panv.
/ SEC. G. Tha. all the property, real and per-
sonal, of said CO nplay, shall be liable for its
debts, aud the private property of ths stock
holders shall be liable for the debts OF the
company to the amount of Stock subscribed.
SEC. z. That this corporation shai! have {.
legal existence from the time a written sccep-
tance, or adoption OF this charter, signed BY a
majority Of the pers ons named in the fir ct Sec
ton, shall have b,en fled IN the Office of the
secretary Of State; and this act shall continue
in forcs for thirty years from and after it's pls.
sage, and the privileges anifranchisss granted
by this charter shall no. be withdrawn during
that time.
Approved March 7th, A. D. 1871.