The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1871-04-27
lonhle.o Section 81 is repealed.


double" Section Al is repealed.
Sec. 2. That any Incorporation formed in
compliance with the terms of this Act is here
by empowered and authorized to issue bonds
secured by lien on the property of the said
Corporation, to an amount not exceeding the
value of the property owned by said corpora
ton with interest on said bonds, payable semi
annually; And 1T is further provided, That any
corporation formed in compliance With the,
terms of this Act, is hereby authorized and
empowered to issue additional bonds to such
an amount, that the interest thereon, at eight
per cent. per annum, shall not exceed the net
income of said corporation.
Approved the 9th day of March, A. D. 1871.
AN ACT TO EMPOWER THE STATE TO MAINTAIN
THE BENEFICIARIEs IN THE LUNATIC AsY-
LUM, INSTEAD OF THE SEVERAL COUNTIES.
SECTION l. Be 1t 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
from and after the passage of this Act, all ben
e6ciaries now.sin, or hereafter to be placed in,
the State Lunatic Asylum, be supported by the
State.
Sec. 2. That the State assume the liabilities
of each and every one of the Counties that is
now in arrears for the support of its benefcia-
ries.
Sec. 8. All Acts or parts of Acts inconsis-
tent with this Act are hereby repealed.
Approved the 9th day of March, a. D. 1871.
AN ACT TO CHARTER THE SOUTH CAROLINA
PHOSPHATE AND PHOSPHATE RIVER MINING
COMPANY, IN THE STATE OF SOUTH CARROLL
MA, AND TO GRANT TO THE PERSONS THERE
IN NAMED, AND THEIR ASSOCIATES, THE
RIGHT TO DIG AND MINE IN THE BEDS OF
THE NAvIGABLE STREAMS AND WATERS OF
THE STATE OF SOUTH CAROLINA FOR PHos-
PHATE ROCKS AND PHOSPHATE DEPOSITS.
SECTION l. Be 1t 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
the State of South Carolina does hereby give
and grant to the following persons, to wit: R.
B. Elliott, Robert Smalls, w. J. Whipper, N.
B. Meyers, Lucius Wimbush, w. B. Nash, s.
A. Swails, H. ]. Maxwell James NJ. Allen, w.
H. JONES'. B. A. Bosemon, B. Byas, Edward
Mickey, E. Nehemias, w. R. Jervey, j. N.
Hayne, Timothy Hurley, Anson w. Thayer,
John B. Bates, J. G. Mayo, James M. Crofut,
F. J. Moses, jr A. ]. Ransier, G. w. Mont
gomery, B. F. Whittemore and R. A. Sisson,
and such other persons as they may associate
with them, the right to dig, mine and remove,
for the full term of thirty years, from the beds
of the navigable streams and waters within
the jurisdiction of the State of South Carolina,
the phosphate rocks and phosphate deposits
Provided, That the persons named, and their
associates, shall not in any way interfere with
the Free navigation of the nayigable streams
and waters of this State, or the private rights
of any citizen or citizens residing upon or own
ing the lands upon the banks of the said nayi-
gable rivers and waters of the State.
Sec. 2. That this gift and grant is made upon
the express condition that said grantees shall
pay to the State of South Carolina the sum of
one IL dollar per ton for every ton of phos-
phate rock and phosphate deposits, dug, mined
and removed from the said navigable rivers
and waters of the State y; And further, That
the said grantees shall pay into the Treasury
of the State the sum of five hundred dollars rs
a license fee before commencing business un-
der said grant.
Sec. 3. Before commencing operations under
authority of this Act, said grantees and their
associates, shall file, or cause to be fled in the
Office of the State Auditor, a bond in the penal
sum of fifty-thousand (50,000) dollars, condi-
toned that said grantees and their associates,
shall make true and faithful returns to said
State Auditor, annually, on or before the first
day of October, and oftener if required by the
said State Auditor, of the number of tons Of
phosphate rocks and phosphate deposits dug,
mined and removed by them from the beds of
the nayigable streams and waters of the State,
and shall punctually pay to the State Treasu-
rer, annually, on the first day of October, one
1) dollar per ton for every ton of phosphate
rocks and phosphate deposits by them dug,
mined and removed from the beds of the navi-
gable streams and waters of the State, during
the year preceding said bond to be renewed
annually, and approved by the Attorney Gene
ral The books of said grantees and their as
sociates shall be open to the inspection Of the
State Auditor, or agent duly appointed by him
for that purpose.
Sec. T. That the capital stock of said Com
pany shall consist of two millions (S2,000,0O0)
dollars, to be divided into shares of one hun
dred dollars each with the privilege of increa-
sing the same to. an amount not exceeding. five
million dollars (; and when the sum of three
hundred thousand dollars shall have been SUBJ
scribed, the said Company may be organized
and 60 into operation.
Sec. 5. That the profits of said Company,
may, from time to time, be divided among the
stockholders according to such rules and regu-
lations as they may prescribe, not repugnant to
the laws of the State.
Sec. 6. That the stock of said Company may
be transferred in such manner and form as
may be directed by the bylaws of the Compa-
ny.
SEC. 7. The said Company shall be entitled
to all the rights and privileges accorded to 9TH
er corporations incorporated by the laws of this
State: Provided, That nothing in this Act shall
be construed as giving to the said South Caro-
lima Phosphate and Phosphate River Mining
Company the exclusive right to dig and mine
in the navigable rivers and waters of the State.
SEC. s. All Acts and parts of Acts inconsis-
tent with this Act. are hereby repealed.