The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1872-06-26
VOLUME XX---NO.n.
township, townor city to said road 40
aforesaid the County Auditor or
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0tner omcer discharging tho duties Of
County Auditor, shall assess, annually
upon the tax pnyers of such Couaty,
township, town or city, such per cent
um as may be necessary to- raise the
annual installment required by said
subscription, which snail be known
and styled in tho taxsbooks as tho
said railroad tax, which shall bo col
lectcd by the County Treasurer, under
tho same regulations as are provided
tby law for tho collection of the State
and County taxes, and which shall bo
paid over by said County Treasurer,
as soon as collected, to the Treasurer
OF said railroad company.
SEC. 8. That, upon the payment Of
said annual railroad tax BY tho tax
Ipaycrs, the County Treasurer, or other
officer collecting said tax, shall give
to each tax payer a certificate Of tho
amount paid by him on said railroad
lax. which certificate shall be convert
| iblc into stock in said railroad compa-
my, at par, in the hands of said tax
payer or the bearer thereof, when
presented to the company for that
purpose.
Sec. 8. That, in all conFcntions Of
the stockholders Of said company,
such County, township, town or city,
as may subscribe to the capital sto.k
thereof, may bo represented BY NOT
less than three nor moro than FIRE
delegates, who shall represent such
portion of the subscription Of said
County, township, town or city as
may not have been converted into in
dlvidual stock by the ccrtifeatcs Of
the tax payers aforesaid; and said
delegates may be appointed in prima-
ry convention of the tax payers Of
such County, township, town or city,
rs the case may be, in such manner as
the said convention may determine,
and for this purposc the Chairman Of
the County Commissioners of, any
County or the Mayor or Intendant Of
any town or city, in which subscrip-
tions may be made, il hereby required
to call u convention Of such tax pay
ers. at least ten days before the meet
ing Of any convention of stockholders
Of said company to which tho dele-9
gates are to be appointed. d.
Sec. 10. That said company is au-
thorized TO receive subscription toits
capital stock in lands or labor, as may
be agreed upon between said company
and said subscrlbers, End may acquire,
by grant, purchase, lease, or other-
wise. any estate. real or personal,
whatsoever, and the same to hold, use,
sell, convey and dispose Of, as thes
Interest of said company requires.
Sec, IL. That the County Commits 4
sioners of the Counties Of Laursns
and Grecnville, and the proper author
itics of Tire towns and. villages in
those Counties subscribing to tho
capital stock of the said Laurens and
Ashevillc Railroad, bo empowered, as
soon as the said company shall hayo
complied with the terms OF subscrip..
ltion of any Of tho above mentioned
FCounties, towns. cities or villages, and
said subscriptions accepted by said
company, then the said County Com
mlss.oners of such County, or tho
proper authority of such towns and
villages, are authorized and required
to issne bonds to the amount Of said
subscription, and to have levied and
collected, par to par, on all taxablc
property in said County, town. or VIII
lagos, sum of money sufficient to
meet tho interest accruing on such
bonds as may be. issued to mcetsuch
subscription to the capitol stock Of
said Laurcns and Ashcvi!le Railroad
Company, and TO provide further pay
ment of such bonds as they may fall
duo.
Sec. 12. That the said Company be,
and they are hereby, authorized to
issue first mortgage bonds in an
amount or amounts not exceeding
twenty thousand dollars per milo, for
each and every mile of the said road,
as soon as each mile Of the same shalt
be completed, and so on until the
completion of the entire road.
Approved March l3, 1872.
AN ACT to Amend an Act entitled
Gan Act to Grant, Rerow and
Amend the Charters OF Certain
Towns and Villages therein Men
toned" Approved March 9, 1871.
SECTION l. Be it enacted by the Sen
ate and House Of Representatives Of
the State of South Carolina, now met
and sitting in General Assembly, and
by authority of the same:
That the proviso in Section ninety
seven (97) of the said Act DO, asd
the same is hereby, amended so as to
read as follows: "That the owners of
lands, over which such strcet or
streets may pass. shall be duly CON-
pensated by the said Town Council"
Sec. 2 That, in case the Council
and land owners cannot agree upon
tho amount of such compensation,
the same shall be:sccrtained by threo
Commissioners, to be appointed, one
BY the Town Council, and one by the
! land owner. and the third by the
Board of County Commissioner for
Orangeburg County: Provided, That
either party may appeal from such
assessment to tho Court of Common
Pleas, who shall submit the issue of
value to jury: And provided, fur
ther, That the Assessment agreed on,
whether by the aforesaid Commission
crs or by the jury, shall be recorded
in tho Office of Register Of Mesne
Conveyance for the aforesaid County
Of Orangehnrg.
Approved March 10, 1872.
JOINT RESOLUTION to provide