The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1871-05-10

cTedtGu UE Tue laNS vi ILLS VI any OLue4 Otdte
and may make payments therefor in its OWL
stock, money, bonds or property, or receive
payment therefor in the stock, money, bonds
or property of the corporation to which the
same may be sod, loaned, or mortgaged Oh
conveyed, or OF any other corporation or cor
porations: Provided, however, that no such
purchase, sale, lease o. conveyance by any
corporation shall be valid until the written con
sent of the holder or holders OF majority OF
the capital stock shall have been obtained.
SEC. z The stock subscribed for may be lssu-
ed a. such price of subscription, and upon such
terms of payment or exchange, as the holder
or holders of majority of the stock at such
time shall determine, except that the first sub
scription price, terms OF payment or exchange
shall be fixed blythe persons first above ma o.
ed; and any corporation or corporations may
subscribe for, purchase, hold, sell OF convey
the capital stock Of this corporation, as often,
and TO as great an extent, as such corporation
or corporations may deem advisable.
SEC. S. That said corporation may issue bonds
for such an amount as the office shall fix, and
|
much OF the property, rights, privileges and
| franchises OF said corporation as may be nam.
ed in such mortgage, which mortgage may be
recorded IN the Office Of tho registrar OF mesne
| convayances in the County Of Richland. in this
| State, and thcrcppon, and thereafter, it shall
| become aud be l!eH upon all the property,
rights, privileges; and franchises. or Of any in
terest therein, and OF any part thereof, describ-
| ed IN said mortgage.
SEC. 8. Any person who shall wilIuliy and
| maciously ipjure, molest or destroy any OF
| said lines, posts, piers or abutmeats, or the
materials or property belonging thereto, shall,
on conviction thereof be punished by fine
not exceeding FIVE hundred dollars, or i'm
prisonmeDG in the Penitcntlary at hard labor
not exceeding one year, or lo;h in the discre-
tion OF the court before which the conviction
shall be had, and, il: addition thereto, shall
pay such damages as Shall be caused by hIm
or her. to 3a recovered in civil action by said
corporation.
SEC. 10. The board OF directors as often AZ
the interests Of the corporation shall require,
arc hereby authorized to and shall hx the rate
Or rsi"s tor transmission or delivery OF any
message nr messages winch may be required
to be paid II advance.
SEC. II. :.ny person canaectetA with such
telegraph company, either as operator, In'a-
s:rcor, agent, servtut OF clerk, o. in ary other
capacity, vic shall wilfuy and lnaliciousiy
disclose, diyrlgn CT communicate, or permit
the same 10 be done, the contents, o. tie ma
ture OF the contents OF any private message or
communication entrusted {" or left with i.im,
or her, o. sach corporation. for transmission
or delivery, Other than to the party or parties
eniitIcd thereto, or who shall wilfuiiy refuse or
neglect to transmit or denver the same, nc or
ste shall, on conviction before any court, be
adiudGcd guilty o. a mis:lulnearor, and shall
suffer Imprisonment in the county Jail or
worhhouse where such co;"iction shall be had,
for : term Of not more than three months, or
shall pay e :no not 10 exceed five hnnd-c:! ;:n!
..~.., >.IsEi a "ii VI tht t'uit'
SEC. II. All acts or parts OF acts contrary TO
or Inconsistent with this acl are, for tho plr-
poses OF this aa:, but iur no nii.er purpose,
lIerc1y repealed.
SEC. Is. This a.: Shall take c:;;:.:t immc-
dia:e!y.
Approved the 7tl, day Of March, A. d., 1871.
AN ACT to authorize the formation Of and. TO
incorporate, the TuGIlo and Chattanooga
Railroad Company.
Whereas, il il desiSbie that there sntuid be
= connection, by railroad, between SOME point
Tcnuessee; therefore,
SECTION l. lie IL enacted BIZ The Senate and
House OF Representatives of the State of South
Carolina, no~ met and sitting in General As
seinbly, and by the authority Of the same:
That the formation OF corporate company
is hereby authorized 10; The purpose OF con-
slrucliug faIiroad from some point OIL the
B!ue Ridge Railroad, in Oconea Comfy, to the
Town of Chattanooga, il the State Oh Tenres-
sec, 50 far as said railroad shall rtm through |
this State, the said company to laya exclusive /
right to llaKc, keep and use such railroad; and |
for the term cf time hereinafter mentioned no |
other railroad s!!al! be constructed bctTeca |
the same points.
SEC. ,. That for the purpose Of raising the |
capital stock OF said company, it shall be law.
fpl 10 open looks at WaIha!Ia, under The direc-
ton Of Robert A. Thompson, Z. P. Werner, P.
L. Dean, O. II. Doyle ard j. l.. Norman, as !
;lld at such other places. and |
under the direction CT such other persons, as
ba aoI q Nain = nj
may designate, for the purpose OF receiving
10 an amount not exceeding two
millions OF doiiaJe, y, 1.5T2s OF one hundred
dollars each, 10 constitute joint capital stock
Tor the purpose OF constructing and carrying
into operation the said railroad; and on each
share Of the stock the subscribers shall pay to
the commissioners, who shall be authorized to
take the same, the sum of fifty dollars in lawful
money Of the United States.
Sec ;. That when the SUM Of Shreo hundred
housand dollars shall have been subscribed,
4 Aa manner before specified. the subscrlb-
,rs shall be, and they are hereby, declared 20
&c :. bJdv corporate, 10 be known By the name
nd style Of The Tuga;o ard Chattanooga Rui-
DAD Company, and may meet ana crSan;Za the
alG company at such time and place as nlaE
&c designated by the commissioners before
lancd for Wa!hal!a
SEC. i. That the said company shall have
ower, and they arc hereby authorized. to con-
tru:! one or more branches from the SAID road
0 connect with other loads III t!!s State. az
sch !:olnt o. poiuts as they may deem meet
cd i.1cTer. and sac company Shall have poE,r
. consolidate or unite with any other company