The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-04-28


Acts and Joint Resolutions Passed by tho
General Assembly OF South Carolina,
Regular session, 1871 and 1879.
AN ACT TO INCORPORATE THE SOUTH CARO-.
LIMA REAL ESTATE AND JOINT STOCK
COMPANY.
SEoT1oN l.. BE il enacted by the Senate
and House Of Representatives Of the State
OF South Carolina, no,u met and sitting in
General Assembly, and by the authority of
the same. That r. A. Sisson, Lewis Hey-
ward. Washington Ash, Lewis Wilson,
p. B. Lusk. Lewis Carr, Robert l..
Jones, M. D. Stone, Edwin Marks,
Henry johnson, Z. 81. Snyder, T. Sands
and A. ,Boldgood, together with suoh
persons who now. or may be hereafter,
associated with them, be, and th.y are
hereby, declared body politio and cor
porate. under the name and STYLE Of
''The South Carolina Real Estate and
Joint Stock Company" for the purpose
OF loaning out money on interest, pur-
chasing and mortgaging real estate, buy
ing and selling, or otherwise disposing
OF personal property; and they shall
have the same rights and privileges now
enjoyed by banking corporations OF this
State; they shall also have undisputed
right to dispose of any and all such pro-
perty, real, personal or mixed, that thew
may become possessed of, in any man
ner, and on such conditions as the said
association, for their own interest. NAV
deem fit and proper.
Sec. 2. That the capital stock of said
company shall consist of two thousand
shares, to be paid in by successive
monthly instalments Of one dollar on
each share, or in such manner as their
constitution and bylaws may hereafter
provide for; and such shares shall be
held, transferred, or assigned and
pledged, and the holder thereof to be
subject to such fines and forfeitures for
default in their payment as may here
after be provided.
SEC. 8. That said company shall have
power and authority to make any suoh
rules and bylaws for it's government;
and shall have such members and sue
cession OF members and officers as shall
be ordained and chosen according 20
their said rules and bylaws. made or to
be made by them: shall have and keep a
common seal, and mey alter the same at
will; and shall have. and enjoy eyerv
right and privilege incident and belong
ing to corporate bodies; and the sold
company shall, and is hereby, authorized
to begin business in any County in this
State, and to establish agencies at any
points that may be deemed advantage.
ous to the interest and benefit of the
said company.
Sec. 4. That oil the rights conferred
upon this company, as provided for in
the preceding sections, shall be exclu-
sive in this State, and all a cts conflict
ing are hereby repealed, and the COM
pany hereby incorporated shall not be
aubject to any laws that may hereafter
be enacted.
SEQ. 5. That this Act shall be taken
and deemed public Act, and shall con-
tinue in force for the term of twenty -fiv We
years.
SEC. 6. That this Act shall be of force
Immediately on and after its passage.
Approved March 13, 1872.
AN ACT TO INCORPORATE THE FARMERS
LADORERs' AND MECHANICS LAND COM :
PANY OF ORANdEBURa COUNTY, SOUTH
CAROLINA.
SECTION /. Be IL enacted By the Senate
and House Of Representatives Of The State
of SoMh Carolina, now met and sitting in
General Assembly, and by the authority of