Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1872-04-18

-sinslaton,~ Richard gaaty,
Monday Douglas, Hamp Spencer, ]:
N. Tindal, Butler Spears, Samuel
Lee. r. A. Wilson, Frank Washing
ton, Mat. Brooks, Enoch Archey,
James Jackson, Henry Cain, W. ".
Ramsey, Hannibal Bennett, James
Smiley, jackson Simmonss W. 3:
Johnston, F. J. Moses, il, David
Boyd. r. NJ. Andrews, Jack Bowen,
Barrell James and Benjamin Lawsen.
together with such other persons as
now are or hereafter may be associa-.
tel with them, be and they are here.
by deeiaredes 9 body pohiithic IND coy.
porate,!! fer the purpose Of buying and
holding real estate in the cointy Of
Sumter, or at any point within the
county or State Of South Carolina;
and making loans of money secured
bymortgages of real estate, and by
the hypothecation of bonds and stocks.
and other chooses in action and person
ii property. to its members and stock
holders by the name ana 9seyie o. she
Sumter Land joint Stoek, and Loan
Association of Samtsrsi South, Carroll:
ma. The capital stock @, sasa assect-
ation to consist Of twenty-five hun.
dred shares; but as soon as one thou
sand shares shall have been saOscE'9, ,,
ed thereto. the. said ASSOCIATION snail
organize and commence operations;
said shares te be paid bY successive
monthly instalmenss OF one dollar on
each share, SO long as s,lan the Is. sag associa-
ton shall soal continue the sag s5 snsfes 10
be held, trsnsIerFeo f!, sl.S assigasa a1o e
Pisdgeas ana tae eoi9sts t'p1l.oi y !
De 1saelses.S SeIa as,1s n,.s; + s ~ '
lorlsiI95t H5 9, ? ~ ~ He
menes' ~ tae teNn .tstN ~; 'sH ~
laws o. ,!s',a.'' saio aSsooA''oh %'4 a' p
scribe. az
SEC: 2. That the sa'd assocsatlon !.
shall have Humeer : ana nd succession &c o.
ohcers ana members as snail % Of
daneo ana li,,, ea9sen aScoruile ~ ~
rule; ana BYLAWS mage e' or = .pe nlaas
by Them. tor dlelr government ano
shall have power ana authorlty' from
time TO time. me and at all times, TO MAKE a!A',
such rules and bylaws as are pos re re-
Puynant 70 the Constltut!oSn +, ana tne
laws OF tne lana 70 nave ana AeeP
common seal, ana " aH aiter sne SAM I =,
VIII 70 sue anu % sueu' .nptead sf
ana oe 1mP4eauea, m en-. any ooa;S ~ "
law OF equity IN tms otate' a!9 sns.i
nave ana ENJOY every figne anu PRIV
l'sge, inc,aeM ana 0e'o"gtng 10 coi-
Porate bohes'. according 70 Gne laws
OF tae @ iaaa .F., 49,. 80.
SEC, 8. That the funds OF sald as
sooiation shall be invested either = IN
The purchase OF rear es5aee IN the
county OF sumter, ooutn 0aroilla, Or
N any: county or SUBDIVISION OF sns n
Stats OF south Carohnar whfen snai,
be rented 'out}or leased, or sold and
conveyed to the members and stock
holders Of said association, upon such
terms and eondisioas as from time to
time may be prescribed BY IT'S rules
and bylaws, or be loaned out and
advanced TO the pfsmoers anu STOCK,
holdsrs thereof, upon the security and
by apprehension OF real estate IN the
county OF Sumter. or any other sub
d'visacn OF the state Aforesaid, OF
bonds, STOCKS choses IN aceion on Per,
sonnt properly, on socn Terms ana
conditions as from Time 70 time may
Represented by the rules ana oy-
laws aforesaid; Ana is snail ana may
be lawfo. tor the SAID ASSOCIATION 70
Hold and ENJOY tor the mutual oeneht
Of it, members and stockholders. all
such lands, tensmsn's and heredlta,
melsts, as may be bona lsds purchased
by, and conveyed to 1t or as may De
moftgaged toit by way OF security
upon It's loans asd advances; or as
may % pufcasseo oy7 OF uansie.tsu
ana conveyed . 70 IL, az 3D. sa'es 70. Iauti Enn;
JuogmeH' VI a.'tee>' ~ 40" y. ~.
ty, Tor seenrlng or recoser,ne; os 10. or IN ~
compromise set'emens'ol any ueI! Vi
,iebs due 20 ~: ano 70 ss,.' anen'
barter, excnaage, eonfty II hofesase'
or ethef~'Se dispose oi 'ng I,, sauae, :,
rom t,me - une' anu "AeAe-
deemed eApeoiens.
SEC. 4; That it any OF the funds
of the said association .shal! remain
unproductive, or uninvested, or un-
needed, or uncslled for, for the space
af t%o months by 'it* own members
a9q st6eRholders, IT shall ne law'nt
f'r'th9 ,sala associatioh 70 iend "at
what mensys may ae oh nana 70 oih-
FRS than stockhoidrrs' ss s4eh rates
If mortgages or real estate chooses In
actioni or9other personal property as
may 6e agreed on TO be safely IN
vested, to he rspala within one year,
sRc. s., That whenever the funds
and assets OF the SalQ assoc iaCI01 snail