The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1871-06-01
gnpersoa ynteaigerter. i.
ACTS AND JOINT RESOLUTIONS
PASSED BY THE 9
EEGfsLkfuRE-SESsI0N 1870. AND 1871
IOFFiCIAL.1

EEGtSEAfslRE--SESSt s1SiUs ANu 1911. 70
[oFFICIAL.1
AN ACT'to incorporate the Saving, Building
and Loan Association of South Carolina
SECTION /. Be IT ENACTED by the Senate
and House of Representatives of the State OF
South Carolina, now met and sitting in Gener-
al Assembly, and by the authority OF the same,
That r. K Sasportas, A. j. Ransier, r. ID.
Frost, w. Fl. Jones, Jr., S. A. Swalls, b, A.
Bosemon, Jr., NJ J. Hirsch, w. B. Nash, L. ID.
Mcdowell, w. j. Whipper, J: 81. Rainey, and
Lucius Win,bush, together with such etherPer-
sons who now are, or hereafter may be assocla-
ted with them, be, and they are hereby, lncor-
porated and declared body polite and corpo-
rate. .nnder The name and style of "The Saving,
Binding and Loan Association of South Caro-
lina," for the purpose of buying and selling
reah and personal property, and making loans
of money, secured by mortgages of-reaI and
SEC. 3:That the capital of sal. corporation
shall be twenty five thousand dollars, and con-
sist of twenty-five (25) shares, to be paid in sue
cessive weekly instalment of two dollars on
each share so long as the corporation shall con-
tiniie, or by such other contributions as shall
be assessed and required by an unanimous vote
of all the shareholders; the said shares to be
held, transferred, assigned and pledged, and,
alsc,to be Liable to be forfeited to the corpora
ton, and the holders thereof to be subject to
such fines and forfeitures, for violation OF the
Constitution, Rules and bylaws, and for de-
may be prescribed by the Constitution, Rules
and Bylaws of said corporation; and, more
over, the said shares to be disposed of, at the
death. resignation or removal from the State of
any shareholder, in such manner as may be
prescribed by the said Constitution, Rules and
Bylaws.
SEC. 3. That the said corporation shall have
such number and succession of officers and
members as shall be ordained and chosen ac-
cording to the Constitution, Rules and By
Laws as are not repugnant to the Constitution
and laws of the land shall have and keep q
c5amon seal, and alter the same at will; shall
sue and:be sued, plead and be impleaded, in
any: Court of law and equity in this State, and
shall have and enjoy every right and privilege
incident and belonging to corporate bodies
ton may be invested in such property, real or
personal and securities, public or private,
loaned to shareholders and members, or other
persons or corporations, on such securities,
In such mode, on such terms. under such
conditions and subject to such regulations, as
NAV be, from time to time, prescribed by the
Constitution, Rules and Bylaws of the said
corporation and that it shall and may be law
full for the said corporation to take and hold
such lands, tenements, hereditaments, and per-
sonalproperty, bonds, stocks public and private,
and chooses in action, as they shall acquire by
purchase, devise, bequest, gift, assignment, or
otherwise; to take and hold such lands, tene-
ments, hereditaments and personal property,
and such stocks and bonds, public or prl-
vate, or chooses In action, as shall be mort
gagged, conveyed, assigned or pleged to it by
way of security upon its loans or advances, or
purchased at sales thereof, and to sell, alien,
transfer or otherwise dispose of the same, as
from time TO time, the said corporation may
deem eXpedient.
Sec 5. That senli-annually, on the first days
of January and July, there shall be divided
amongst the Stockholders of said corporation
the profits accruing from the investment.
SEC 6. That this Act shall be taken and
deemed a.ppblic Act, and that the same may
be given in evidence, without being specially
pleaded.
Approved February Is, 1871.
AN ACT to Relinquish all the Right, Title and
Interest of the State of South Carolina In,
and to certain Real Estate whereof one Ma
poeon e. Pouncey, of Horny, q bastard,
died seized, and vest the same In certain
persons therein mentioned.
Whereas, one Napoleon B. Pouncey, late OF
the County of Horny, and State of South Car
olina, bastard, was, during his life, seized and
possessedin fee simpleof certain tract of land,
Situated in said county, and died intestate,
seized and possessed of the same as aforesaid,
whereby it vested in the State of South Caroi-
na by escheat and whereas, California Hughes,
Thos. NJ Pouncey, and Viola Pouncey, of said
County, are children, also born out of lawful
wedIock, of the father and mother of said Ma
poleon Is. Pouncey:
BE 1t enacted by the Senate and House OF
Representatives of the State of South Carolina
now met and sitting,in General Assembly, and
by the authority of the same, That all the
right; title and interest OF the State OF South
Carolina to- and in, the tract of land aforesaid,
= is by this Act relinquished and vested in said
California Hughes, Thomas NJ Pouncey and vi
ola Pouncey, to have and to hold the said tract
of land in common, share and share alike, to
themselves, their heirs and assigns forever
Provided, That said land be subject to the law
4fuId debts of said Napoleon B. Pouncey at the
time of his decease.a
Approved March Z, 1871.
4N ACT to vest the Right and Title of the
State, in and to certain Escheated property,
in certain persons therein named,
SECTION l. BE ii enacted by the Senate and
House of ofRepresentatiyes of the State Of South
Carolina, now met and sitting in General AS
sembly, and by the authority of the same, That
all the right, title and interest," which the State
may have in certain tract of land containing
two hundred acres, more or less, situate and ly-
ing in Marlboro County, lately held by John
Rose, deceased, be, and the same is hereby YES
ted in John Wetherspoon, Executor of the last
will and testament Of the said John Rose, in
trust, to dispose of the said property, and to
distribute the proceeds arising therefrom, undeg
the provisions of the said will
Approved March 9, 1871.
AN ACT to Empower, Authorize and Require
:. the County Commissioners of Orangeburg
ltol1nt,, 70 huild @ hridne across the North