The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1871-05-17

as "Ashepoo Ferry" be, and the
same is, rene Hcd tor the term Of
fourteen years, and is hereby vest
ed in Nathaniel Hayward, his
heirs, administrators, executors
and assigns, tor said term Of four
teen years, together with all til:
rights, privileges and immunitics
heretofore incorporated III said
charter.
Approved March 10th, 4. D.
1871.
AN ACT TO INCORPORATE TIE CAM
DEN STEAM MILL COMPANY.
SECTION l. Be it cnactcd By Mc
Senate dnd WouEc Of Representatives
Of the StGte Of South Carolina, mo1c
met and sitting in General Assc'ably,
and By tic authority Of tie same,
That Colin Macrac, \. J. Frcitag
and Walter F. Reed, aDd their as
sociates and Successors, arc hereby
constituted u body polite aud cor
poratc, by the name Of the Cam
den Steam Mill Company, with
power to sue and be sued, to pscad
and be implcadcd, in alI the Courts
Of law and Equity, may enjoy all
the privileges incident to corpo-
ratlons, and may purchase, hold
and convey real and personal es-
tate to al amount not exceeding
twenty-five thousand dollars.
SEC. ? The business Of SAID
Company shall be grinding grain,
ginning cotton, huliing and press
ing cotton seed, or any other SIM
liar mechanical or industrial pur-
suit they may choose to embark
in, in the town Of Camden, South
Carolina. The books for subscrlp.
tions to the capital stock Of said
Company shall be opened by the
above named persons, i'll Camden,
as soon as convenient after the
granting Of this charter, in shares
Of twenty-five dollars each. Said
corporation may have and use 4
common seal, which they may al
ter at pleasure.
SEC. 3. The shares shall be
deemed personal property, and be
transferred only on tho books OF
said Company, in such form as
the Directors may prescribe. The
said Company shall, at all times,
have y lien on all the stock or
property Of the members Of said
corporation invested therein for
all debts due from them to said
corporation. And no transfer OF
scrio or stock shall be valid until
such debt, il any, shall be dis
charged; and said corporation
may organize, go into operation
and commence business whenever,
and as soon as five thousand dol
lars 10 said stock sEail be sub
scribcd for, and five dollars per
share Of the same paid into the
treasury Of said Company in cash,
and q certificate signed hy the
President and Secretary Of said
Company, under oath, setting
forth said subscription and pay
mcnt, shall be filed in tic oiicc OF
the Secretary Of State.
SEC. (. The stock, property and
affairs Of said Corporation shall
be managed by 4 Board Of Direc-
tors, not less than three, nor more
than five, one Of whom shall be
chosen by them President, and all
Of whom shall hold their offices
for one year, and until others are
chosen and said Directors shall
be annually elected, 1T such times
and places as the bylaws OF said
Corporation shall prescribe. \
majority Of said Directors sEalI III
all cases constitute q Board tor
the transaction Of business, and :;
majority Of the stockholders, at
any legal meeting, shall be capa-
bic Of trausacting the business OF
said meeting, each share emitting
the owner thereof to one vote,
which may be given in person or
lawful proxy. The first meeting
Of said Corporation hereby formed
may be called by u majority OF
the persons named in the first
Section Of this Act, ut such time
and place, and upon giving such
notice thereof, rs they shall deem
reasonable and proper.
SEC. 5. Tho President and Dl-
rectors, or Il majority Of them, 1or
the time being, shall have power
to fill any vacancy which may
happen by death, resignation or
otherwise, for the current year,
or appoint 4 Secretary and Treas
urcr, and such other officers rs
may be necessary, and may re,
quire the Treasurer and other o.
fees to give bonds for the faithful
dlshargc Of their trust and duty,
as said Directors may deem prop
CT, and also, to make and estaO-
lish such bylaws, rules and regu-
lations as they shall deem eNne-
dient for the management Of the
affairs of said corporation, and the
same to alter and amend PROF.
ded, That the same be not incon-
sistent with the laws Of this State
or tho United States.
SEC. &. The books Of said corno-
ration, containing their accounts,