The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1872-04-17

DR.. John Henry and II. l.. MCGOWAN;
at the village of Ninety-Six, under
Thos. Talbert, Dr.. W. \. Limbecker,
J. a. Stuart, Thos. Lake. Augustus
Griffin and ?. r. Rivers at the town
of Edgcield: under Lawrence Cain,
NJ. L. Bonham, VIM. t. Gary, \. }.
Norris, DR.. Johu \. Barker and Par
ris Simpkins; at the village Of Aiken,
under J. n. Hayne, f. }. c. Wood,
r. B. Elliott, c. D. Hayuc, +. Fer
guson, J. S. Shuck: P. e. Rockwell
and Henry Sparnick i'll the city Of
Augusta, under john c. Cohen, Jas.
\. Gary: Josiah Sibley: Charles ".
Harris, DR.. J. \. Miller; and at such
other places in the counties Of Spar
tanburg, LaulenS, Abbcville, Edgetcll
and Aiken, and under the direction Of
such other person rs the Commission
ers in the respective Counties herein
above named may designate, for the
purpose Of securing subscriptions to
an amount not exceeding two million
five hundred thousand dollars. in
shares of one hundred dollars each, to
constitute a joint capital stock for the
purpose Of constructing and carrying
into operation the said rail road, and,
on each share Of individual stock, the
subscriber shall pay to the Commits
sioners; who shall be authorized to
take the same, the SUM Of FIVE dollars,
lawful money Of the Unitcd States.
SEC. 3. That when the sum Of one
hundred thousand dollars shall have
been subscribed, in the manner before
specified, the subscribers shall be, and
they are hereby, declared a body cor
poratc: to be known by the name and
style Of the ''Spartanburg and Aiken
Rail Road Company and may meet
and organize said Company, at such
time and place as may be designated
by the Commissioners for the Town Of
Spartanburg, hercinbeforc named.
SEC. +. That for the purpose Of Or
ganizlng said Company, all such pow
ers as are conferred by the charter Of
the Greenyille and Columbia Rail Road
Company, and the Commissioners at
Grcenville, shall be and are hereby
conferred upon the Commissioners
herein appointed at the town Of Spar
tauburg and all the powers, rights
and privileges, granted by the said
charter and its amendments to the
"Grecnvillc and Columbia Rail Road
Company" shall be and they are here
by granted to the "Spartanburg and
Aiken Rail Road Company and sub
ject to like restrictions as are therein
contained, except as to the capital
stock, the sum necessary to authorize
the organization, and the amount Of
shares, except 50 far as may be neccs-
saIy to conform to the special proyl-
sions Of this Act: PF0vidcd, h0weCer,
That nothing herein contained shall
be so construed as to bind the State to
subscribe stock in said Company, Or
make any appropriations to enable the
said company to build said road, or in
any manner to loan the credit Of the
State thereto: Procided, Jurther,
That nothing herein contained shall
be 50 construed as to exempt the said
company from the provisions of Sec
tion l, chapter 43. Of the General
Statutes.
SEC 5. That said Company is au-
thorized to receive subscription to its
capital stock i'll lands and labor; as
may be agreed upon between said Com
pany and said subscribers, and may
acquire by grant, purchase, lease or
otherwise, any estate, real or personal.
whatsoever, and the same, hold, use,
sell, convey and dispose Of as the i'll
tercst Of said Company require.
Approved March, T., 1872.