The Orangeburg news. [volume] (Orangeburg, S.C.) 1867-1875, 1871-07-29
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EE& sFAtOeAG. seks ~ SO 03lsts sSA&GS0dtltkOR8
- Passed by thc I.egisiasure-~-
fa,sS scsssons Hsyo apa ss7f.
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:; sss'' u Aa u cdfssc 3ls Emu.a a,se ssee ana
$: s.sIsgs j. 1isa y sgs Raiheaa in 1se
n ssa sssg gsfats ei Sauts & a,pzia.ss 70. .4 /.
's 49,: : 81 H ba i ensases s bg y the Sen.
sass ssi ate ands House OF Repsessntatises .ftho
Z ssa Ss stats Of South Eafolina, sow. oi met and
saea l,sitting in Gsaesal Assembly, add by the
1890. Giorit Of tho sama. That John FOR the
purpose of establishing a Railroad, Com
~ = 'pany from Femassee, on the Savannah
and Charleston railroad, ao,a. point at or
81 t near slillen, Georgia, that charter,
with the righsss and spriyilegss sinciden-
p = tai;te the same, be, and is hereby, gran
: 'sss' acd To-, and vested in, John d. Bates,
W Francis Ea Douner, Lewis D. Sam,
Daniel Johuson, James A. Dunbar,
heWh Brpms emery Washburn, john
b. Dennis, Kerney L. Joucs, Timothy
AsIuflsy Anson w Thaysy, II. II.
Montgomery George Watesh ouse, j. G.
Mayo, j. d. Crefut, 81. NJ. Stewart, sr.,
ii u Maxwell, and their associates !;
and when company shall be known by
a3,E the name OF the Yemassee aud Milen
ss x, llroad company, aud shall have a corr
Porate existence as q body polite, 5iu
- perpetuity.
.Sa. Sec 2. That the capital stock of
'+e7Ssaid company shall be FIVE miliioh e,
Z.
000,000) dullars,, in shares of twenty.
GIas five dollars each aud. in order to raise
the said capital stock, it shall be lawful
to open books of subscription in such
places, and at such times, as may be
,s.dsemcd for the best interests of the cor
poration, under the direction of the cor
;, porators-the times and places for re-
ceiving such subscriptions to be deter
mined by majority of the corporators J;
but should such majority taii to fix
such times and places, then such times
and places may be fixed by any four of
tho s.oorroratorsg thercinbefore named,
having giving due notice Of the same in
any pewspapers of tho State; and the
subscription books shall be kept open
forstwehtS days from. such times, and at
asuehl places, as said corporators may de-
termine; that on each share of stock
s'ibscribedrs shall pay two dollars to the
corporators, who shall deposit the same.
in someinational or, State bank When
Aeoue hundred thousand dollars shall have
been subscribed, the said corporators, or
SsS OR any more Of thon,, shall give notice,
by publication for at least ten dlys, of
"a .ths. tina aud place Of meeting for or
ganization.
one hundred thousand dollars shall have
been subscribed, the subscribers, their
executors, Administrators aud assigns,
shall be, end they are hereby, declared
20 be incorporated iuto Company, and
shall have all the rights, and privileges
conferred upon the Savannah railroad
company, ru.ifed December 2lst, AD
1853; Provided, however, That nothing
herein contained shall bo SO construed as
TO exempt the said company from the
Payment of taxes: And provided furh-
er, That this act shall not be construed
Hfsoas 20 bind the State to endorse, guar
antce or aid said road.
SEC, 4. That the said company shall
have the right to build bridges across
navigablc rivers: Provided, They shall
putsi good and sufficient draws, aud
shall necessary stations aud turl.outs,
with one or more trucks to the road, with
one or more tracks to the road, with such
guage as will corretp md with that of the
Savannah and Charleston railroad, and
may yieo-orerate with such road or roads
.ss~as may be chartered by the State of
Georgia, forming but one road, at their
discretion: Provided, That the said road
.eshall be. commenced within one year,
and completed within five years, after
the passage Of this act, or the charter
thereof shall be forfeited: And provided,
further, That said road shall be subject
to The provisions of an act entitled "an
act to declare tho manner by which the
,a,lauds, or the right of way over the lands,
E0f nersons or cornorations NAV be takan
for the construction aud nses of railways
5ossi.er4 wefks Of of improve