The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1871-05-18
AN ACT TO CHARTER THE YEMAsEE AND MI
LEN RAILROAD COMPANY. IN THE STATE O

AN ACT TO CHARTER THE YEMAsEE AND MI
LEN RAILROAD COMPANY, IN THE STATE OF
SOUTH CAROLINA.
SECTION l. BE it enacted by the Senate and
House of Representatives of the State of South
Carolina, now met and sitting in General AS
sembly, and by the authority of the same, That
for the purpose of establishing q Railroad Com.
pany from Yemasee, on the Savannah and
Charleston Railroad, to q point at or near Mil.
len, Georgia, that's charter, with the rights and
privileges incidental to the same, be, and the
same is hereby granted to and vested in John
D. Bates Francis E. Douner, Louis d. Sam,
Daniel johnson, James A. Dunbar, Lewis
Brum, Emery Washburn, John b. Dennis, Ken
II. Montgomery, Geo. Waterhouse, j. G. Mayo,
]. M. Crofut, H. NJ. Stewart, H. J. Maxwell,
and their associates; and when Company
shall be formed, in compliance with the condi-
tions herein prescribed it shall be known by the
name of the Yemassee and Millen Railroad
Company, and shall have corporate existence,
as body polite, in perpetuity.
Sec 2. That the capital stock Of said Com
pany shall be five million ($5;9eej900) dollars,
in shares of twenty-five dollars each; and, in
order to raise the said capital stock It shall be
lawful to open books of subscription in such
places and at such times as may be deemed for
the best interest of The corporation, under the
direction of the corporators-the times and
places for receiving such subscriptions to
be determined by majority of the corporators
but should such majority fail to fix such times
and places, then such times and places may be
fixed by any four of the corporators hereinbe-
fore named, having given due notice of the
same in any newspaper or newspapers of the
State and the subscription books shall be kept
open for twenty days from such times and at
such places as said corporators may determine
that on each share of stock subscribed the said
subscribers shall pay two dollars to the corpo-
rators, who shall deposit the same in some Ma
tional or State Bank When one hundred
thousand dollars shall have been subscribed,
the said corporatars, or any four of them, shall
give notice, by application for Mt least ten days,
of the time and place of meeting for organiza-
ton.
Sec. 8. Whenever the said sum of one hum
dred thousand dollars shall have been subscrib-
ed, the subscribers, their executors, adIninistra-
tors and assigns, shall be, and they are hereby
declared to be incorporated into Company,
and shall have all the rights and privileges con-
ferred upon the Savannah and Charleston Rail-
road Company. ratified December 21st, A. d.,
1858: Provided, however, That nothing herein
contained shall be 30 construed as to exempt
the said Company from the payment of taxes.
SEC. T. That the said Company shall have
the right to build bridges acress navigable
rivers: Provided, They shall put in good and
sufficient draws, and shall construct necessary
stations and turnouts, with ons or more tracks
to the road, with such guage as viii correspond
with that of the Savannah and Charleston
Railroad, and may cooperate with such road
or roads as may be chartered by the State of
Georgia, forming but one road, at their discrc-