The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1871-04-22

House OF Repfescn natives OF the State
OF South oarolina, now met aud sitting
in General Assembly, and by the au:
thority of the same, That a traverse
of an Indictment shall not, in any Court
of criminal jurisdiction in this State, of
itself, operate to continue the case.
Approved February Il, 1871.
An 1ctto Incorporate tie South Carroll
ma &aeing and Buih7inw Association,
3. No. 2.
SECTION 1. BE it enacted by the Sen
ate aid House Of Representatives of the
State of South Carolina, now met aud
sitting in General Assembly, aud by the
authority of tho 5 me, That G.. D.
Brahe, G. PletgS, j. Steibcr, II. Isser-
ted. Henry Il. Eckcl, NJ. Israel, A. lief
enthal, j. +. Bcnedidickt, Philip Mel
tsler, john Rnsheimer, A. w EEckcl,
Charles Litschgi, A. Niemaun, Edward
Pills, i. Klein; A. Litscbgi, John NJ.
Martin, j. II. Vollers, Charles Roes-
sler, i. Heintz andC o. Michmlis, to-
gether with such other persons who now
are, or Hereafter may be; associated with
thsm, be, and theS are hereby, incorpo-
rated aud declared l. body polite and
Incorporate, under the name aud style
of the South Carolina Saving and Bull
ding Association, No. 2, for the purpose
of buying and selling real and personal
estate, and making loans of money; Sc
cured by mortgage Of real and personal
property.
SEC. 2. That the capital stock of the
said corporation shall consist to thirty
shares, to he paid in by successive week
ly installnrents of two dollars en- each
share, so long as the corporation shall
continue, or by such other contributions
as shall be assessed aud required by an
unanimous vote of all the shareholders,
the said shares to be held, transferred,
assigned and pledged, aud also to be
liable to be forfeited to. the corporation,
aud the holders thereof to be subject
to such fines and forfeiturcs for violation
of the Constitution, rules aud bylaws,
and tor default Of payment Of said con
tribution, as may be prescribed by the
Constitution, rules and bylaws OF the
said corporation; aud, moreover, the
said shares to be disposed ofat the death,
resignation or removal from the State Of
uiiy shareholder, in such niahiier as may
be prescribed by the said constitution,
rules and by-la rs.
SEC. 3. That he said corporation
shall have such number and succession
of officers and member as shall be or
daincd and chosen according to the con-
stitutiop, rules and bylaws as are not
repugnant to the Constitution and LAWS
of the land; shall have and keep u COM
mon seal, and altar the same at will;
shall sue and be sued, plead and be i'm
pleaded, IN any Court Of law or equity
in this State, ana shall have ard enjoy
all and every right and privilege Incl
dent and belonging to corporate bodies.
SEC. 4. That the funds of the said
corporation may be invested in such
PROPERTY, real or personal, and securities,
public or private, and loaned to share
holders and members or other persons
or corporations on such securities, in
such mode, OF such terms, and such cou-
ditiors, and subject to such regulations,
as may be, from time to time, prescrib-
eli Da tie uuustt..liva, rules anu by
laws of said corporation, and that it
shall and may be lawful for the said cor
poration to take and hold such lands,
tencments and hered:tamants, and per-
sonal property, bords, stocks, public or
private, and chooses in action, as they
shall acquire by purchase, devise, be-
quests, gifts, assign ments or otherwise,
and to take and hold such lands, tenc-
ments, horcditamcnts and personal prop
crty, and such stocks aud bonds, public
or private, or choseri in action, as shall
be mortgaged, conveyed, aaaigtcd or
pledged to it by way of security upon
its loans or advanc es or purchase at
sales thereof, and to sell, alien, transfer
ar otherwise dispose of the same, from
time to time, as the said corporation may
deem pyna6ienf