Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1871-06-23
An Act TO incorporate the Waccamaw and
Little River canal compruay.

| an AcC 10 incorporate the NaccamaW and
Little River canal companay.
| Section I. Be IL enacted by the Senate
and House Of Representatives Of the State
OF South Carolina, now met and sitting in
General Assembly, and by tho authority Of
| the same:
That j. S. Borroughs, w. T. Holcnmbc
George w. Price, DR., Geo. II, Litchfeld, IT,
9. Dunn and James Il. Duscnbury, and such
other persons as now are, or may become here
after, r,asspciatcd with thcm, their successors and
assigns, be, and they are hereby constituted n
body corporate and polite by the name and
style of tho Waccamaw and Little River Ca
nal company, 10y which name 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, tcncmcnts of all characters, aud chat.
tells Of whatsoever kind, as may he deemed
by them most conducive to the objects and
interests of said corporation.
SEC 2. That spid corporation, by it's title
aforesaid, may sue and be sued, po,d and be
implcadcd, in any court of this State, make
and use common seal, altering the same at
| pleasure, establish, alter and amend such by
F! laws and regulations rs shall BE- deemed = y
CT by them, not in couflict with the conStitn-
ton or laws of this State, Or the United
States
| SEC. 8 The capitn stock Of said company
Shall be two hundred thousand dollars, with
the right to increase the same by a vote Of
a majority Of the stockholders to any sum not
exceeding five hundred thousand dollars :;
that said company shall commence business
as soon as its capital stock is fully subscribed
and fifty thousand dollars of the same paid
up, which may be paid either in money or
real estate, the same to be divided iuto such
number of shares, and ut so much per share,
as said corporation may determine, said shares
to be assignabc aud negotiable under such
rules rs said corporation may prescribe.
SEC. d. That there shall DC annual meet
ings of the stockholders, at such time and
place as they may designate, for the purpose
Of choosing Board Of Directors to consist
Of not less than five, nor more than five Off
GERS OF said corporation, to manage its affairs.
SEC. 5. That said company shall keep an
Office at Little River in IIorry County, which,
for all judicial purposes, shall be deemed its
location.
SEC. 6. That the said company's shall and
may cause a communication of inland navi-
cation, by canal aud locks, to be made and
kept up, through such places as to them shall
seem most lit and convenient, from Wacca
nav to Little River in Horny county and
that they and their successors forever shall
and may fix and establish, and be entitled to
take and receive, by Tay Of toll, for all goods
and Merchandise carried on or through, and
boats, vessels and RATS passing on or through
tho said canal, such sums or rates as the said
company shall think proper to impose and
the said company, or their agents, may stop
any goods, vessels, boats or RATS, from, pas
sing on said canal until payment of the toll
SEC Z. That the said company shall have
power to purchase for themselves and their
successors forever such lands MS may be nee.
cssary for the purpose aforesaid and where
they and the owners of the said land cannot
agree for the same, to take the said lands at a
valuation to be made by majority Of five
persons to be appointed by the court Of com
mon lcas to value tho same; which land
shall, on payment of the sum at which it shall
be so valued, be vested in the said company
forever.
SEC. 8. That the said company shall be
obliged to keep tho said canal and locks, at
all times, in good and sufficient order, condi.
tion and repair, on pain Of being answcrablc
for any damage occasoncd by their wilful
fault or neglect.
SEC. 8. That if any person shall, wllfully
or maliciously, cut, break down, damage o,
destroy any bank or other work to 30 erected
or made for tho purpose of the said naviga
tion, such person shall be adjndgcd guilty Of
felony, and, on conviction, shall pay fine
not exceeding five thousand, nor less than,fivt
hundred dollars, CIR imprisoned in the Peni
tertiary, not exceeding ten or less tllan two
years; and if any person. shall throw dirt
trees, logs, or other rubbish, into tho said ca
nal, so rs to prejudice tho same, such person
shall be answcrable to the said company fol
the damages occasioncd thereby.
SEC. 10. That the said company shall have
power and authority to use any materials il
the vicinity of said canal for making TIC
same, or tho said locks, or kcopins the same