The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1872-04-18

AND TO INCORPORATE -THE LAUhENS AMI
AsHEvILLE RAILROAD.
Section l. BE it enacted by the Senate and
House of Representatives of the State of South
Carolina, now met and sitting in General AS
sembly, and by the authority-of the same:
That ]. R. Fowler, William Mills, Lanson
Owens, Samuel Fleming, VIM. II. Langston,
Y.J. P OVENS Crews, w: p. Earle, Thomas
M. Cox, Alexander Isaac5, Wilson Cook, Alex.
McBee, III. P. Hammett, L. Williams, Hewlett
Sullivan, James P. Moore, and their associates
and successors be, and they are hereby de-
clared body polite and corporate, under the
Railroad Company, for the purpose of con-
structing a railroad from the town of Laurens
to the town of Greenville, and thence towards
Asheville, N. c., by the most direct and passa-
BILE route.
Sec 2. That, for the purpose of raising the
capital stock of said company, it shall be law
full to open books, at the town of Laurens, un-
der the direction of J. R. Fowler, VIM. Mills,
Lanson Owens, Samuel Fleming, William FL.
Langston, Y. j. P. Owens, and ]. Crews; at
the town of Greenville, under w. T.. Earle,
Thomas NJ Cox, Alexander Isaacs, Wilson
Cook, Alex. McBee, H. p. Hammett, L. Will
liams, Hewlett Sullivan, and James ?. Moore;
and at such other places, in the Counties of
Laurens and Greenville, and under the direc-
ton of such other persons, as the Commission
ers in the respective Counties herein above
named may designate, for the purpose OF Sc
curing subscriptions to an amount not exceed
ing two million FIVE hundred thousand dollars,
in shares of one hundred dollars each, to con-
stitute joint capital stock, for the purpose of
constructing and carrying into operation the
said railroad and on each share of individual
stock the subscribers shall pay to the Commits
sioners who shall be authorized to take the
same, the sum of five dollars, lawful money of
the United States.
Sec 8. 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 body
corporate, to be known by the name and style
of the Laurens and Asheville Railroad Com
pany, and may meet and organize said COM
pany at such time and places as may be desig..
mated by the Commissioners, for the town OF
Laurens hereinbefore named.
Sec. 4. That for the purpose of organizing
said company, all such powers as are confer
red by the charter of the Greenville and Co.
lumbia Railroad Company on the Commission
ers at Greenville, shall be, and are hereby con-
ferred on:the Commissioners herein appointed,
at the town of Laurens and all the powers,
rights and privileges granted by the said char,
ter and its amendments, to the Greenville and
Columbia Railroad Company, and subject to
like restrictions as are herein contained, except
as to the capital stock, the sum necessary to
authorize organization, and the amount OF
shares, except 30 far as may be necessary to
conform to the special provisions OF this Act ::
Provided, however, That nothing herein con-
tained shall be SO construed as to bind the
State to subscribe stock in said company, or
make any appropriation to enable the said COM
pany to build said road, or in any manner to
loan the credit of the State thereto.
Sec. S. Be it further enacted, That it shall be
lawful for any County, township, town or city
in this State, interested in the construction OF
the said railroad, to subscribe to the capital
stock of said company such sum as the MAORI
ty of the voters of such County, township,
town or city may authorize their constituted
authorities to subscribe; and the Chairman of
the Board of County Commissioners OF any
County, or the Mayor or Intendant OF any town
or city in this State, when instructed by reso-
luton of convention of Taxpayers of such
County, township, town or city, said conven-
ton to be called, after reasonable notice, by
the Chairman of the Board of County Com
missioners, or the Mayor or Intendant OF the
town or city, upon the application of not less
than ten tax payers, in writing-is hereby re-
quired to submit the question of said subscrip-
ton. and the amount to be subscribed to the
said road, to a vote of the legal voters thereof,
the Mayor, Chairman or Intendant to desig-
nate the precincts for voting, and to appoint
suitable Managers to conduct the same, and
declare the result.
Ser. 6. That if any County, township town
or CITY shall make subscription to said road,
as provided in the foregoing Section, said sub
scription shall be raised by taxation, in annual
instalments, of not less than ten nor more than
twenty years, as the people may authorize in
the vote aforesaid. 90
Sec. 7. That whenever any subscription
shall be made by any County, township, town
or CITY to said road as aforesaid, the County
Auditor or other officer discharging the duties
of County Auditor, shall assess annually, upon
the tax payers of such County, township, town
or city such per centum as may be necessary
to raise the annual instalment required by said
subscription, which shall be known and styled
in the tax books as the said railroad tax, which
shall be collected by the County Treasurer, un-
der the same regulations as are provided by
law for the collection of the State and County
taxes. and which shall be paid over by said
County Treasurer as soon as collected, to the
Sec. g. That, upon the payment OF said an
nual railroad tax by the tax payers the County
Treasurer or other collecting said tax shall
give to each tax payer, certificate of the
amount paid by him on said railroad tax,
which certificate shall be convertible into stock
in said Railroad Company, at par, in the hands
of said tax payer or the bearer thereof, when
presented to the company for that purpose.
Sec q That. in all conventions of the stock
ship, town or city, as may subscribe to the cap
ital stock thereof may be represented by not
less than three nor more than five delegates, who
shall represent such portion of the subscription
of the said County, township, town or city as
may not have been converted into individual
stock by the certificates Of the tax payers afore-
said 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