The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1871-05-10


: making loans Of money, secured by mortgages
/, Of real and personal property. ~
J SEo. 2. That tho capital of said corporation
: shall be twenty-five thousand dollars, and con
sist OF twenty-five (a5) shares, to DO paid IL
l successive weekly instalInents of two dollars
on each share so long as the corporation shall
: continue, or by such other contributions as
/ shall DO assessed and required by an unani-
nous vote of all tho. shareholders; tho said
Bhares to DO held, transferred, assigned and
pledged, and, also, to be Liable to be forfeited
to tho corporation, and tho holders thereof to
be subject to such fines and forfeitures, fol
VOCATION OF tho constitution, rules and by
laws, and for default of payment Of the SAID
contribution. as may bo prescribed by tho con-
stitution, rules and bylaws Of said corpora
tiop; and, moreover, tho said shares to be dis
posed or, at tho doath, resignation or removal
from the State OF any stakeholder, in such
manner as may BIO prescribed by the said con-
stitution, rules and bylaws.
SEQ g. That tho said corporation shall hayo
euch number and succession OF officers and
membors rs Shall be ordained and chosen ac-
cording TO tho constitution, rulos and bylaws
as arc not repugnant to tho constitution and
laws OF tho land; shall have and keop a COM
| mon seal, and alter tho samo at will; shall quo
| and be sued, pload and be implicated, in any
court of law and equity iu this State; and shall
have and enjoy all and every right and privi-
lcgcs incident aud belonging to corporate
bodies.
SEC. 4. That tho funds of the said corpora
ton may be invested In such property, real
or personal, and securities. public or private,
loaned to shareholders and membera, or
| other persons or corporations. on such secur-
| ltics, i'll such mode, on auch terms, untlcr
! such conditions, and subec to such
| regulations as may be, from time to time,
prescribed by the constitution, rules and by.
laws OF the said corporation; and that 1t shall
and may DO lawful for tho said corporation to
| takc and hold such lands, tonemen!s, horcdita-
| mcnts, and pcrsonll property, bonds, stocks,
| public and private, and choses in action, MS
they shall acquire by purchase, devise, bequcsl,
| Rift, assignment, or otherwise; TO tako and
| hold such lands, tonomcnts, hereditamonts and
personal property, and such stocks and bonds,
| public or private, ohosos in action, as shall
| be mortGaGcd, conveyed, assigned Or pledged
| to ii by way OF accurity upon its loans or ad-
vances, CT purchased at sales thereof and to
acll, inl, transfer, or otherwise dispose of
tho same, az, from time to t;mo, the said cor
poration may deem cxpedcnt.
SEC. $. That scm-annualiy, on the first days
OF January aid July, there shall bc divided
amongst the Stockholders OF said corporation
tho profits aecruins; from tho Investment.
SEr. 6. That ttus ac! shall be tolsou and
deemed Il public net, and that the same may
be piTcu in evidence, without being specially
pleaded.
Approved 2sth of February, y. u. 1871.
AN Act to yest tho right and title OF the
state. IA and to certain cschcatca property,
in certain persons therein named.
SECTION 1. BE IL enacted by the Senate and
lionSo OF Representatives OF the State OF Sonth
tarollna, now mot and sitting in General AS
"cmb'y, and by the authority OF tho same:
Ihn; all the right. tde and interest, wilich
the state may have in q certain tract Of land,
contanIninis two hundred acres, more or less,
situate ard lying in Marlboro County, lately
held by John Hoso, deceased, be, and the
same ia, h"leby vested in John WItleraruo,,
executor oI the laat will and testament of tho
said John Rose, in trult, to dispose of the
said property. and to distribute tho proceeds
arising thcrcirnm, under the provisions OF the
said will.
>''" '"''' TN" "th dar Of March. A. y. 1871.
IAN hCl 10 amend al ACT cntlticd IAN act to
incorporate tho Enterprise Railroad Compa-
ny, Of Charleston, South Carolina" approved
1st March, 1870.
SIcTIoN 1. he IL enacted by the Senate and
House Of Representatives. of tho State Of South
Carolina, now met and sitting in General As
scmbIy. and BY tho authority OF tho same:
The Enterprise Railroad Company are here.
by authorized to! lay their railway track through
aud along any street of the City Of Charleston
winch may be necessary in order TO connect
with the track Of tho South Carolina Railroad
Company and the track OF tho Northeast.
cEn ha'lroad Company, and to come ct East
Bay street with The Ashley River.
SEC. 2. The said company arc further an-
thorlZ"d to lay thor railroad track and run
their cars from any point or points Oh the
Cooper River, TO any point or points on the
Ashley River, within tho City of Charleston, or
within ten miios Of tho corporate limits of said
city.
SEQ. 3. The satd company ara further au-
thoriZed TO issue seven per cont. coupon |
bonds to tho amount OF ten thousand dol
lars for every milo OF completed railway.
SEQ. 4. The said company is further author. |
lzed to lay their railway track or tracks,
should it DO louad desirable, down to tho |
water front of any Of the wharycs of the said |
city.
SEC. s. The track or tracks horcn authorized
may bo used by said company for CARRYING |
frciGh's and passengers, or either, at tho |
option OF tho aaid company.
Approved March 9th, A. d. 1871.
AN ACT to incorporate the Lebanon Presby- !
tcran Church, Of Fairfield County.
SEerfoN 1. BE 10 enacted by the senate and |
House OF Representatives Of the State Of South |
Carolina, now mot and sitting in General As |
sembly, and by tho authority of tho samo,
That the Lebanon Presbyterian Church, Of |
Fairfield, in this State, is hereby incorporated |
with all the rights and privileges awarded TO |
religious denominations within This Stale
SEc. 2. That tho said Lebanon Prcshy- |
tnrnn Church OF Enirfinll no !. nnnuira lA.,.,. |