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

ahuA'AS lHtSISectS t1Olbe oTduCQy ana
thence, by course Of said stream, to the
point where 1t etnpties into Littiet Pine
Tree Creek, and by the course of said
Creek, in a southern direction, to the
confluence Of said Creek into Pine Tree
Creek, and thence, by. the course of the
last named Creek, to the point where
Wylie street now intersects the said
Creek. S---.--- 49, -
SEC. 2. That the Intendant and War
dens Of the town of Camden are e,ihere-
by required to proceed, Immediately up
on the passage of this Act, to designate,
by proper marks and monuments, the
boundaries hereinbefore authorized.
SEC. 3. That all Acts or parts of Acts.
inconsistent with the provisions Of this
Act, be, and the same are hereby, re-
pealed. .ee :,i.p,f 9hllI'..
Approved March q, 1871. -t,a;-;,
AN>ACT to Incorporate the Capitm
Building and Loan association, Of
Columbid.i IL gg62 ..aG
. SEcLIoN /. 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: c,lA. - -
That John Agnew,, M. j. .Calnan
James A. Dunbar, w. B. Nash. w, Sf-
mons. s. B. Thomson, John McCord, r.
Tomiinson, c.. C.. Puffer,. w. F. Hague,
Timothy Hurley, together with other
persons who now are, or hereafter may
be, associated with -hem, be, and they
are hereby, declared a body polite and
corporate, for the purpose Of making
loans of money, secured by mortgage on
real Estate or personal property, or by
the conveyance of the same, to their
members and stockholders blythe name
and style Of the Capital Building and
Loan Association, Of Columbian the
capital stock Of which shall consist Of
one thousand shares, to be paid in by
successive monthly installments Of one
dollar for each share, so long as the cor
poration shall continue, the said shares
to be held, transferred, assigned aud
pledged, and the holders thereof to be
subject to such fines and forfeitures for
defaults In their payments, according to
such regulations as may be prescribed
by the bylaws of said corporation
- SEC. 2. Thvt the said corporation shall
have power and authority to make any
such rules and bylaws for its govern
ment as are not repugnant to the Consti-
tuition and laws of the land; shall have
such number and succession Of men,
bers and officers as shall be ordained and
chosen according totheir said rules 'and
bylaws, made or to be made by their;
shall have and keep common zeal, and
alter the same at will may sueeand be
sued, plead and be impleaded, In any
Court of Law or Equity in this State
and shall have and enjoy all and every
right and privilege incidentand belong
ingro corporate bodies, according to the
laws of the land t2fj@4! l. sn9Tf
SEC. 8. That the said corporation shall
have power to take, purchase and hold
real estate, and to sell and transfer the
same from time to time to its members,
on such terms, and under such condf-
ti0ns, and subject to such regulations as
may be prescribed by the rules and by
laws of said corporation: Provfded,
That the real estate held by said corpo.
ration shall not at any time exceed the
value of two hundred thousand: dol
lars. 2 ~ - ,l't5 -,t "'-Fa =;
2 Sec. 4tThat the funds of said corpo-
ration shall be loaned and advanced to
the members and stockholders, upon the
security of real and personal estate and
used In the purchase Of real estate for
the benefit of its members and stock
holders, on suoh terms and under such
conditions, and subject to such regula-
tions as may, from time to time, be pre-
scribed by the rules and bylaws Of said
corporation and it shall be lawful for
the said corporation to hold such lands,
teniments, hereditaments and perfonai
property as shall be mortgaged or con-
IN in fol hvyx ~
security, upon Its loans and advances;
and may sell, alien or otherwise dispose
of the same, to its members and stock
holders only, as they, from time to
time, may deem expedient. ~
Sec. s. That whenever it shall occur
that the funds of the said corporation
shall remain unproductive and uncalled
for, for the space Of two months, the cor
poration shall have power to loan what
ever amsnnt may be thus on hand, to
others than stockholders and members
for such time and at such rates Of inter-
est as may be established by virtue Of
such rules and bylaws as may be made
by said corporation. -FraSi;.a
Sec. 6. That whenever the funds Of
said corporation shall have accumulated
to such an amount that, upon a fair and
Just division thereof, each stakeholder
and member shall have received, or be
entitled to receive, the sum of two hum
dred dollars, or property Of that value,
for each and. every share of stock by
him or her SO held, and such distribu-
ton and division of the funds shall have
been 80 made, then this corporation shall
cease and determine. This Act shall be
deemed a public Act, and that the same
may be given In evidence without speci-
ally pleading the same: Provided, That
said corporation shall have all the rights
and be subject to all the liabilities pro-
vided in the Act to regulate the fornla-
ton of corporations, passed December
Approved March o, 1871. -;
AN ACT to. alter and amend am Act
Entitled "An act to alter and amend
the Charter Of the city of Greenville,
and for other Purposes" Approved
March %, 1869.
Section l. Be it enacted by the Senate
and Aouse Of Representatives of the
State of South Carolina, now met and
sitting in General Assembly, and by the
authority of the same:
That from and Immediately after the
passage of this Act, it shall be lawful for
the Mayor and Aldermen of the city Of
GreenvilIe to require each male inhabi-
tant of the said city, between the ages Of
eighteen and fifty, to labor upon the
public streets of said city: Promded,
Nevertheless, That no person shall be re-
ouired to perform more than four days
labor on said ssreets in one year.
Sec. 2. That it shall be lawfal for the
said Mayor and Aldermen to fix some
certain sum, not to exceed the sum Of
two dollars per annum, which may be
paid in money, within q certain time.
to he limited by the said Mayor and AL
dermen, by any person liable to labor on
said streets, in Communication Of such
labor, and to enforce the payment Of
the same in the manner now provided