The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-04-13
county trearur,r as soon as collected to the
treasurer OF said railroad company.

county Gr0aEur3F 10 boou % Sono0sou
treasurer Of said railroad company.
SEC. 8. That, upon the payment OF said an
nusl railro I'd tax by the taxpayers, the county
treasurer or other officer collecting said tax
shall give to each taxpayer a certif cate OF the
amount paid by him on said railroad tai, which
certificate shall be convertible into stock In
ssidrailroad company. at par, in the hands OF
said taxpayer or the bearer thereof, when pre-
scented to the company for that purnose.
SEQ. 8. That, In all conventions Of the
stockholders Of said company, such county,
township. town or city, as may subscribe to
the capital stock thereof, may be represented
by not less than three nor more than five dele
gates, who shall represent such portion OF the
subscription Of the said county, townships
town or city as may not have been converted
into individual stock by the certificates Of the
taxpayers aforesaid; and said delegates may
be appointed In primary convention Of the tax
payers Of such county, township, town or city,
as the case may be, in such manner as the
said conventions may determine. and Tor this.
purpose, the chairman Of the county commits
sioners Of any county, or the mayor or inten-
dant Of any town or city, in which such sub;
scriptions may be made, is hereby required to
call a convention Of such taxpayers, at least
ten days before the meeting Of any convention
Of stockholders Of said company, to which the
delegates are to be appointed.
SEC. 10. That said company Is authorized to
receive subscription to its capital stock In lands
or labor, as msy be agreed upon between said
company and said subscribers, and may ac-
qnire, by grant. purchase, lease or otherwise.
any estate, real or personal, whatsoever, and
the same to hold, use, sell, convey and dispose
Of, as the interest OF said company requires.
SEC. II. That the county commissioners Of
the Counties Of Laurens and Greenville, and
the proper authorities Of the towns and vii.
lagos In the counties subscribing to the CAPT.
tai stock Of the said Laurens and AsheviIle
Railroad be empowered, as soon as the said
company shall have complied within the terms
Of subscription Of any OF the above mentioned
counties, towns, cities or villages, and said
subscriptions accepted by said company, then
the said county commissioners Of such cnunty,
or the proper authority Of such towns and VII
lagos, are authorized aud required to issue
bonds to the amount Of said subscription, and
to have levied and collected, par to par, on oil
taxable property in said county. town or vii
lage, 8 sum Of money sufficient to meet the In
terest accruing on such bonds as may be is
sued to meet such subscription to the capital
stock OF said Laurens and Asheville Railroad
Company, and. to provide further payment Of
such bonds IS they may fall due.
SEQ. IA. That the said company be, aud they
are hereby, authorized to issue arst mortgage
bonds in an amount or amounts not exceeding
twenty Thousand dollars per mile, for each and
every mile of the said road. as soon as each
mile Of the same shall be completed, and 80 on
until the completion Of the entire road.
Approved March IS, 1872.