The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1871-05-10


Same, The decisions Of the Supreme Court 1e
llVcred during tho years 1868. 1869 and 1870,
now on flo, at prico not exceeding enc thous
and dollars; and the printing of said decisions
shailbc done by the Republican Printing Com
pany.
SIo. 2. That William IIutson Wge, late re-
porter OF tho Supreme Court, demand O
tho Hon. j. S. q. Richardson, after the maxi 1e
OF the contract in tho first section provided
for, ,pliycr to said Richardson tho certified
copies OF tho decisions OF the Supreme Court
furnished by tho clo"l Of tho Supreme Court
during hla term OF Office, and all papers rcla-
tive iosald decisions coming to him by virtue
of his prco
Approved March 81, y. u. 1911.
AN ACr TO Incorporate tho Capital Ealding
| and Loan Association, Of Columbia.
SECTION l. BE IL cHac'ed BY tho &ouaso and
House OF Representatives, OF tho State OF South
Carolina, now met and sitting in Hcuoral A.
scmbly, aud 10y Tho authority Of thc same:
Ihat John hgncw, III. j. Cainan, James 4.
Dunbar, w. H. Mash, W. i;iinons, s. II. Thomp-
500, john McCord. II. Tnm!inion, G. G. Pullar,
". II. Hague, Tinothy Hurley, together with
othcr persons who nav are. or hereafter ma y
DC. associatotl with them, be, and they are
hereby, declared body p>ilt, end corporate,
For the purpose Of making loAnH OF money
secured hy mortgage, on r~al estate, or per-
sonn property. or ~ convcyaHc? OF tnc same
to their rIcmbo-i and n:0GN?lclora by tho
namc and stylc of tho Capital i;ui!din.; and
Loan Aasoc!ntion, of Columbia, the capital
sioch OF which shall consla! OF one thousand
shsrca 10 bn paid in by "urc@%oiyo monthly
instruments OF one dollar on each share. 40
long as tho corporation shall continue, the
satd shares TO be held, transferred, assigned
anu pledged, and tho holders thereof To b. sub
jcct To Huch iinca and forfri,,rcs for default in
their payments, accortli0g to such regulations
AZ may be prcs crbnl by tho bS laws ut said
corporation.
SEC. 2. That tho said corporation shall have
fowcr and authority TO make any such rules
pnGnant to the constitution and laws of tho
land; shall have Euoh members and succession
Of monlbcrs and Off ,cra az shall b. ordained
and chosen according to the said rules nDd
bylaws madc, Or 10 be uiadc, by them; shall
have and keep common seal, and may alter
THO same 1T will, may auo and be sued, plead
aud DO impIcadcd in any court of law or equity
in This S:air, and shall have and enjoy all and
every right and privilege Incident and belong
III" TO corporate hodieu, according 10 the laws
OK tho lind.
SEc. 3. Fiat tho said corporation. shall have
power to take, purchase aud hold roal estate,
and 10 sell AMI transfer the same, from time to
time, to i:s members, Oh such tcrms and un-
der such conditions, and subject to ouch reg
uiations rs may be prescribed by tho rules and
by-ilwa OF said corporatiou Pro iidctl, That
tho real estate hold by sad corporation shall
not at any time exceed tho value of two hun-
drcd thousand dollars.
SEQ d. That tho funds OF said cornoration
shall be loaned and advanced to the members
and stockholders upon tho security CT real and
personal estate, and used in tho purchase of
real ostatct for tho benefit Of lla mcmbors and
conditions, and subject to such regulations as
may, from time to timo. be prescribed by tho
rules and bylaws Of said corporations; and il
shnll bn lawful for The said corporation to hold
such Ian ds. tonemonts, hcroditancnta and per-
sonai property as shall DO mortyagcd or con.
veycd to thom IN good faith by way Of security
upon itS loans md advances, and may soil,
alien OF otherwise dispose OF the aamo to its
members and stockholders only, as they, from
timo to timo, may deem oxpcdieat
SEQ. 8. That whenever it shall occur that the
lunds Of the said corporation shall remain I'M
productive or unnnIlod for, for Tho spaoo oftwo
months, tho corporation shall have power to
loan whntrYcr amount may bo thus on hand to
others than stockholders and members, for
such time and at such rates Of intoreat as may
DO established BY virtue OF eu,h rules and by,
laws as may DO made by said corporation.
SEC. &. That whenever tho f,unds Of said cor
poratIon shall have accumulated to such an
amount that, upon q fair and just division
thereof, each a;ockhol,lcr and member shall
have received, OK be entitled to rccalvc, tho
sum Of two hundred dollars, or property of
that value, for each and ovcry share of slock
Dy him ol her 40 hold, and such distribution
and division OF tho funds shall hav2 bncu
made. then this corporation shall cease and do
tcrmine. This act shall be taken and doomed
n public dobt, ahd that Tho same may b. gIycn
in ovdoncn without specially pleading the
same: Provided, That. SAID corporation shall
have all the rights, and DO subject % all the
liabilities. provided in tho "Act to regulate tho
Formation o: corporations" passoA Docembor
10. 1870.
Approved March 0, A. d., 1871.
AN Acr to incpri,D-ain k,oviurr Iu;I,l;nr,