The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1871-03-24
VOL LUME XVII Ir-NO. 48.

own.use,r for making such, entry and
| Endorsement. :.
| Strike out, from section 81, the words
1.-THE fifteenth day Of January" and in
sert November twentieth" +
Strike out, from section 81, the words
'first Tuesday of May" and insert "15th
! of January" z,....s, (:
Strike out, from section 81, the words
first week i'll September" and inser,
words 1.-THE first" in sixth line, and in
sert "the last"
Strike out, from section 95, the words
"the first day of March," and insert "the
18th of January"
Strike out, from section SO, all from the
word 'taXes," !" III second line, and insert
''from November goth to March 2Oth."
Strike out, from section 81, the words
"first day of March, and insert fifteenth
of January" also, strike out "the twen-
tieth day of May,n and insert 'the fif-
teenth of February" - yjst
Strike out, from section 101, the word
"July," and insert "April." 49,
Strike out, from section 105, the word
"June," and insert March, '1
Strike out, from section LOG; the words
"the twentieth dayo May" and insert
s'the fifteenth of February"
Strike out, from section 107, the words
"the twentieth day Of May" and "the
second Tuesday in june" and insert
"the tenth Of February" and "the first
Monday in March - also, on the
twelfth line, strike out "June,'' and
insert March," - -
Strike out, from section 10s, the words
second Tuesday in June" and insert
first Monday in March," ., s,e'::sr /,
Strike out, from section 112, the word
"July," and insert "April.n
Strike out, from section 1872, the words
|1"twentieth day of October,n and insert
:"the last day of August" -
Add to. section 145 the following
words: ak. n t, so
"'The. State auditor is hereby author
lied to have the city of Charleston sur
veyed and numbered, and to place the
numbers in a conspicuous place in front
of the buildings orlots. And itshaH be
a penal offence for the landlord, agent
or tenant to remove the same.p
Strike out, from section 147, all after
"l47," and insert "the pay Of assessors
shall in no instance be more than three
dollars per day for each day actually and
necessarily employed in the performance
of the duties enjoined upon them in this
act"
SEC. 2. All acts or parts of acts incon.
sistent with this act are hereby repealed
Sec. 8. This act shall take effect or
and after. the tax levy shall be made fol
the fiscal year 1871. ..>
Approved March 8, 1871. ~
AN ACT to Amend and Ertend tht
Charter of the Planters and Mechd,a
ics' Bank of South Carolina, d,id .to,
Other Purposes Therein Named.
Whereas the capital of the Planters
and Mechanics Bank of South Carolina
has been reduced, by losses, from one
million of dollars to one hundred thous-
and dollars, whereby the shares, origi-
nally worth twenty-five dollars each,
are, at the present time, worth, in reali-
ty, but two dollars and fifty cents each; T;
and the President and Directors of the
said Bank have, petitioned, for leave to
consolidate their said shares at that rate,
so as to bring them up to their original
par value: ~. Ia !, ,.S,
SECTION 1. Be it enacted by the
of the State of South Carolina, now>met
and sitting in General Assembly, and
by the authority of the same, That the
Board of Directors of the said Bank be,
and they are hereby authorized; to con-
solidate the shares of the said Bank, by
calling-in their said shares, and issuing
one share of the par value of twenty
five dollars for every ten of their pres
ent shares. SO that the number Of shares
shall be reduced from forty thousand
to four thousand: Provided, however,
that the said Bank shall, at the request
of the stockholders now holding less
than ten shares, redeem the said shares
at the cate of two dollars and fifty cents
per share. ~. ~
SEC. 2. That the said Board of Direc-
tors. before reducing and consolidating
the said shares, shall give at least thirty
days' public notice, in one or more OF
the newspapers of the city of Charleston
of their intention so to consolidate, re-
duce and redeem the stock of the said
Bank, and from and after the day fixed
and so publicly notified for the said con-
solidation, reduction and redemption OF
the said shares no one shall be consider
ed or held to be q stockholder of the said
Bank who has not received new! GER
tificate for the consolidated shares at
TWENTY-FIVE dollars per share: Prouidcd,
always that the holder of any number
of original shares under ten shall be at
liberty to sell and assign the same to
whomever he may choose, by endorse
ment upon the certificate held by him,
which endorsements shall, without trans
fer at the Bank, entitle the assignee
to demandthe redemption of the. said
shares, or the consolidation Of them,
wherever he has acquired or holds tenor
more shares, at the price or rate as in the
first section of this act provided. -
SEC. 3. The. said Board of Directors
are hereby further authorized and en-
powered, from time to time, to increase
the number of shares and the capital OF
the said Bank at any time after thirty
days notice:.of their intention so to DO,
published in one or more of the. news
papers of the city Of Charleston, to a
humber not exceeding in the whole
twenty thousand shares, each share TO
be of the par value of twenty-five dol
and to open books Of subscriptions 1or
such additional shares, under such reg
ulations, as they shall shall prescribe
| Provided, always, that the stockholders
Shall have preference in subscription
to the increased stock, in proportion
to the amount then held by them.
Sec. 4. The said Bank is hereby fur
thcr authorized to receive deposits m
such sums and at such times as the
Board of Directors may state, by public
advertisement, and pay the same with O
stimulated rate of interest upon them at
stated periods, the interest to be paIId! IN
money, or to be placed at the credit o.
said depositorss upon the same aot;II terms an'
Sec. 5. The present charter Of the
Bank is hereby altered and amended q;
in the previous sections of this act Is
provided, and in all other respects the
said charter is hereby confirmed as II
those provisions had been originally IN
! cornorated in the said charter, and the