Beaufort Republican. [volume] (Beaufort, S.C.) 1871-1873, 1872-04-25
an act to Incorpo, ate the Bull Rirer and
Port Royal Railroad Company.

Section /. Be it enacted by the Senate
and House of Representatives Of the State
! of South Carolina, now met and sitting in
General Assembly, and by the authority
of the same:
That for the purpose of establishing a
rail ;oad from some point on Bull River to
junction with the Port Royal Railroad
at a point ON or near Whale Branch, a
charter, with the rights and privileges
incidental to the same, be, and is hereby,
granted to, and vested in D. q. Wilson,
Robert Smalls. J. G. Thompson, w. J.
Whipper. J. M. Crofut, n. B. Myers, F.
E. Wilder, j. b. Bascomb, w. NJ. French,
Samuel Green, p. L. Wiggins, S. B.
Thompson, Alfred Williams, NJ Polilzer,
P. CoXum, w. E. Towne, }. S. Brown. j.
S. Mobiey, and their associates; and when
a company shall be formed, in compliance
with the conditions herein prescribed. it
shall be known by the name of the Bull
River and Port Royal Railroad Compa' y,
and shall have corporate existente as u
body polite, in perpetuity.
Sec. 2. That the capital stock of said
company shall be one million 900. 0OO)
dollars, in shares of twenty.fv dollars
tai stock, it shall be lawful to open books
of subscription in such places, and at
such times, as may be deemed for the bt st
interest of the corporation, under the di-
rection of the corporatois. The times
and places for receiving such subscriptions
to be determined by a majority OF the in
corporators, but should such majority fail
to fix such times and places, they may be
fixed by any four of the corporalOrs here
inbefore named, they having first given
due notice of the same in any newspaper
published in Beaufort or Charleston
Counties; and said subscription books
shall be kept open foEtwenty<days from
such time, and aft such pAceyas said Cor
porators may /detefmi9e. When fifty
thousand doll frs shall have been sub
scribed, the said corpOratofs, or any four
of them, shall give notice, by publication
for at least ten days, of the time and place
of meeting, for organization.
Sec. 3. Whenever the said sum OF
fifty thousand dollars shall have been sub
scribed, the subscribers, their executors,
administrators, and sssigns, shall be, and
they are hereby declared to be, incorppr-
ated into company, with all the rights,
powers and privileges conferred upon the
Port Royal Railroad Company" by an
Act entitled Gan Act to charter the Port
Royal Railroad Company ratified De-
cember the 2lst, A. d. 1851: Provided,
that nothing herein contained shall be SO
construed as to exempt said company
from the provisions of Section |, Of Chap
ter 63, of the General Slatuts.
SIC. 4. That said Bull River and Port
Royal Railroad Company" shall have
power to mortgage its property and fran.
chises, and issue bonds, at such rates Of
interest, and upon such terms and cIndi.
tions, and for such uses and purposes of
said corporation, as the Board of Dlrec-
tors thereof may deem eXpe dient.
Sec. 5. That no other railroad shall be
constructed, with a terminus, or point OF
beginning within ten miles of the line OF
the said "Bull River and Port Royal Rail-
road" for period of ten years.
Sec. g. That the said company shall
have the right to build bridges across
navigable rivers: Provided, they shall put
in good and sufficient draws, and shall
construct necessary stations and turnouts,
and shall have one or more tracks to the
road, with such guage as will correspond
with that of the Port Royal Railro 3D."
Sec. Z. Nothing herein contained shall
be so construed as to exempt the said
company from the payment of taxes.
Sec. 4. Said railroad shall be COM
menced within one year, and completed
within seven years, after the passage OF
this Act.
Approved March II, 1872.