The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1871-06-10

Clendenon, and such persons rs now are.
or hcaeaiter may be, associated with
them, their successors aud assigns, be,
and they are hereby, constituted body
corporate aud polite, by the namc and
style Of the Brewer Gold Mining Com-
pany, by which name aud style thoy arc
hereby made capable in law to have,
hold; purchase, receive, work, sell mort
gage, lease, enjoy and retain to them,
their successors and assigns, lands, tcne-
ments, mines Of all characters, and cl.at-
tells of whatsoever kind they may deem
conductive to the object and interest of
the said corporation, which are mining
anc working for gold and other minerals,
and manufacturing the same, in Chester.
field County, and other parts of South
Carolina, and of cending the same to
market.
SEC. 2. That the said corporation, by
their name and style aforesaid, may sue
and be sued, plead aud be impleaded, in
any court of this State, make and use
common seal, and alter and change the
same at thoir pleasure, and make and
establish such bylaws and regulations,
and such alterations, aud amendments
thereof, not in conflict with the Constitu.
tion or laws Of this State, or ofthe United
States, as they shall deem proper.
SEC. 3. That the capital stock of the
said corporation shall be twenty thousand
d1llars with the right to increase the
same by the vote of majority of the
directors, to any sum not exceeding one
million dollars; that the said corporation
shall commence business within sixty
days after its capital stock shall have
been subscribed and tyo stock may be
paid either i'll money. real estate, mining
leases, machinery, or any other kind of
property, the same to be divided into
such number of shares as the said cor
poration may determine, and the shares
to be assisnablc and negotiable under
such rules as the said corporation may
prescribe.
SEC. +. That there shall be annual
meetings Of the stock holders ut such
time and place as they may designate,
for the purpose of choosing board Of
directars, to consist of not less than
three nor more than nine, cach ofwhom
shall be n stockholdcr, and president
and other officers of the said corporation,
who may be mcml crs Of the said board
of directors. to manage their affairs.
SEC, 5. That the said corporation
shall keep an Office at tle;r principal
mine in Chesterfield County, which, TOR
all judicial purposes, shall be deemed
their location /; and also one in Philadel-
phia or New York, if they choose; and
al meetings of the stockholders and
directors may be held at such places, in
or out of the State, as may be directed
by the bylaws of The said corporation
SEC. G. That the said corporation
shall have all the riglti NJ privileges
granted by law to othor gold mining
companies in this State, and all the
property, real and personal, of the said
corporation, shall be ladle for their
debts, and the private property of the
stock holders shall be liable for the debts.
Of the said corporation to the amount of
stock subscribed by them respectively,
and not actually paid in money CT in
property. at the time of the commence
mcnt Of the snit against them.
SEC. Z. That the said corporation
shall have Il legal existence from the
time of the passage ofthis act, and this
act Shall continue in force for the term
OF thir.s yea-s fre@ emd after the time
of its passage, and the privileges aud
franchises granted b. this act shall not
.GS.-...... ,-!..-, -. .-----.
Approved March Z, 1871.
An Act to Release tie Lica ofMc State