The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1872-07-03
OFFICIAL,
Acts, and X Joint Resolutions
Passed by the General As
sembly Of South Carolina,
Regular. Session. l87l9 and
1870. EEE$SS8 YS FB 81 RS rs 81
AN Aer, ,ge sEsTABnIs1ppi1E ctIARIEs,

hg s..s-----~4 .',sM
AN ACT, ,go RsFA ABTIsIIp1IE GtIARLEs-
pANX q s&B&S w %9E IS
@SEcr1oN, 1: Be it enacted by tho
Senate and House, Of Representa-
tivos Of the State, Of South Caro-.
lima, now met and sitting in Gone
raj Assembly, and by the authori-
ty ofthe samc: '.
That Charles Simons, Thomas
Mathews, l.. Il. Campbell, Samuel
Porchcr, Jamos Porchor,Z. Patton,
W, Fields, J. Proctor. J. Simmons,
S, ,Porchcr, A. Campbell and e.,
Hines, and other persons who are,
or hereafter may be, associated
with them, be, and thoy arc here
by, declared body polite and
corporate, for the purpose Of
making loans Of money, secured
by mortgage on real estate or
personal property, or by convey
anco Of the samo to their members
and stockholders, by the name
and style Of tho Charleston Land
= and Joint Stock Company, the
capital stock OF which shall con-
sist, Of one thousand shares, to be
paid in by successive monthly
instalmcnts. Of ono dollar on each
share, SO long rs the corporation
shall continue; tho said shares to
be held, transferred, assigned. and
pledged and tho holders thereof,
to bo subject to such fines and
forfeituros, for defaults in thoir
payments, according to such rcgu-
lations rs may be prescribed by
the, Constitution and bylaws Of
eaid corporation; and moreover,
the said shares shall be disposed
of, ut the death, resignation or
temoval from the, State Of any
shareholder, IN such manner as
may be prescribed by the said
Constitution, rules and bylaws.
SEC. 2, That tho said corporation
shall have power and authority to
make. any such rules and bylaws
for it's government as fare not
repugnantto tho CONSTITUTIONS and
laws Of tho land; shall havo such
members and succession of mem
bcrs and officers as shall be ordain-
cd, and chosen, according to their
said rules and bylaws, mado or TO
be, made by them; gshalI SUI. and be
sIed, ploaa snd be fimploaded in
any GougE pf Lazy fQr EEqniy in
this State} an dFshallal3avc ahdsen-
joy all and every right and priv
lege &incident and belonging to
corporate bodies, according to the
laws of the land 20 sssxa q -
SEC. .3s Thatthe8 Mnds Of sMd
corporation may bo Invested in
such property, real or personal,
and securities, public or private,
loaned to shareholders and NOM
bers, or other persons or corpora.
tions, = on such securities, in such
mode, ,son' Such terms, Under stich
conditionsFand subjoctl to- such
regulations as may be, from tine
to time, prescribed by Stho &cohsti'
tuition, rules and bylaws of the
said corporation; and that it shall
and may bo lawful for said corpo
ration to tako and hold such lands
tcpcmcnts, hcroditamcnts and per
sohal property, bonds, stocks, pub
lic and.priyate, and chooses in &c
tion as they shall require by .pur
chase, devise, bequcath, gift, as
signmcnt or otherwise, TO take
and hold such lands, tencmcnts
hcreditamcnt, and personal pro
porty, and such stocks and bonds
public or private, On 'choscssin &C
ton as shall be mortgaged, con
voyed, assigned or pledged to it
by way Of security upon it's loans
OF Advances, or purchased ut sales
thereof; and to sell, alien, trans
for or otherwise dispose Of th'
same, as from timo to time, tn
said corporation may deem expo
dient.t Provided, That, the real ca
tate held by said corporation shall
not ut any time exceed the valu'
of'two hundred thousand dollars
that tho real and personal proper
ty of each stockholder and assign
shall be liable for tho debts Of snit
oofpoEatiahSit agy amoant hotex
coeding the par value, OF tho stool
held by him. ,J&cJ
SEQ 4, Tbatlsemi.anpually,1 o.
the first days Of January and July
there shall be divided, amongs
thsastoekholder8 ofthe said corpo
ration, the profitsssacoruing from
the Investment, nyesst tIpgtveet, q ssxa ae,xs g
sEcSbs Rhatthia AsB ahall ii
taken and doomed public ,Act
and, that tho same. may, bo give
in eviasue6sgieh eue26eing speoi,,I
ly pleaded. xs,.ssassass
Aplleeyees March ssJg "a
SSMasrssssss ~ y IA
~. sSst ss " sss hYssa
Ct. AN A0T,To INC oRpoRATE THE TRAt
X ZION sfEAM HNaINF oosiPAEY,l Q
.34s. SHRl,CITYs oEsaC ConUNIfrA.tos ros1s
.is SGcfIoN I. atBe II enacted BY tn
J, &iSanoto and Hoi,ae of Reilreaepf,