The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1871-04-07


terms and under such conditions, and
subject to such regulations, as may
be prescribed by the rules.and by
laws Of the said corporation: Pror'd-
ed, That tho real estate held by said
corporation shall not at any time ex-
coed the value of txo hundred thons-
and dollars, ..... r..
Approved February q, 1871.
AN ACT to Incorporate the e"llcchanics'
Union, No. l." SMc City Of Charles
ton, S. c. 3.
SECTION l. 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: r.
That Henry Canncrille, and such
iothcr persons as may new, or heceat-
ter shall be, associated with him, are
hereby made and declared to be a
body polite and corporate, by the
name and style Of THE Mechanics
| Union, No. H. Of tho city Of Char
fleston. r
AN ACT to incorporate the HIaccnnaaaU
and Little Rirer ConM Company.
SECTION ]. BE it enacted by the
Senate and House Of Representatives of
the State of South Carolina, now met
and sittisy in General Assembly, and
| by the authority of the same:
| That J. S. Borronyhs, w. f. Hol-
combc, George W. Price, Jr, Gco'ge
#. ,Li,chtield, T. c. Dunn and James
e. Duscnbury. end such persons as
now are or may become hereafter as
,sociatcd with them, their successors
and assigns, be, and they are hereby,
constituted q body corporate and po-
little, hy the name and style OF the
! Waccamaw and Little River Cana!
Company, by which namo 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, tcnements Of all characters,
and chaltcls of whatsoever kind, us
may be deemed by them most. ,condu-
.civs to the oIjectsand interest Of sail
corporation. ses.
! SEC. 2. That said corporation, by
Its title aforesaid, may sue and be
sued, plead and be impleaded III any
Cont Of this State, make and use II
common seal, altering the same at
plcasnre, establish, alter and amend
such bylaws and regulations rs shall
he deemcd proper by them, not III
conflict with the Constitutions Or laws
'iof this State, or tue United States.
Sec. 3. The capital stock of said
company shall be two hundred thous-
and dollars, with the right to increase
.hc same by vote Of najority OF
II the stockholders to any sum not cX-
icecding five hundred thousand dollars;
! that said company shall. commence
! business as soon us lis capital stock is
fully subscribed, and tilly thousand
dollars of tho same paid up, which
stock may be paid either in MONEY or
real estate, the same to be divided in
TO. such number Of shares, at so much
per share, as said corporation may
determine. said shares to b" ;,ssigna-
bic and negotiable under such rules
as said corporation may prescribe.
SEC. 4. That there shall be annual
meetings Of the. Stockholders, st such
times and places as they may desls'
nate, for the purpose OF choosing u
Board of Directors, Qo consist OF not
! less than five nor more than nine:
each of whom shall lie, a Stockhol-
dcrs), and a president, and other OIL
GERS of said corporation, to manage
its affairs. =
SEC. S. That said company shall
keep an Office at Little River, in Hor-
ry County, which, for all judicial pur-
pose, shall be deemed it's location. .
Sec. G. That the said company
shall and may cause communication
of inlaud navigation by y canal and
locks, to be made and be kept up,
through such places as to them shall
:. seem most fit and convenient, from
: Waceamaw to Little River in Horny
:. County; and that they and their sue
cessors for ever shall and may fix and
establish, and be entitled to, take and
receive, by way Of toll, for all goods
: and merchandise carried on or
through, and boats, vessels and RATS,
passing on or through the said canal,
such sums or rates Us the said compa.
ny shall think proper to impose; and
the said company, or their agents,
: may stop any goods, vessels, boats or
! RATS, from passing on. the said canal
until payment Of the saidtoll. >s
SEC T. That the said company shall
have 80 power to purchase
for themselves and their successors
forever, snch lands as may be nccessa.
ry for the purpose aforesaid; and
where, they and tho owners of the
said lands cannot agree for tho same,
to take the said lands at valuation
Ito be made byza majority Of five per-
fsons to be appointed by the Court of
: lFCommon Pleas tu value the same;
which land shall, on payment Of the
i sum at which it shall be so valued, be
vested in the said company forcvel.
SEC: 8.tThat the said company
shall be obligedto keep the said canal
Eand locks, at all times, in good and
sufficient order. condition, andrepair11
ION pain OF being answera blas fer any
Il RI ~, =. M, ,;rnad h>, II hp- WIflfII