The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1872-09-04


held, transferred or assigned and
pledged, and the holders thereof
to be subject to such tinos aud for
feiturcs for default in their pay
mont as may hereafter bo provid-
ed.
SEC. 3. That said Company shall
have power and authority to mako
any such rules and bylaws for it's
government and shall have such
members and succession Of NOM
bcrs and officers as shall be or
dained and chosen according to
their said rules and bylaws, made,
or to bo made by them shall havo
and keep q common seal and may
alter tho samo ut will and shall
havo and enjoy every right and
privilege incident and belonging
to corporate bodies and tho said
Company shall, and is hereby, au-
thorized to begin business in any
County in this State, and to ostab-
hsh agencies at any points that
may bo deemed advantageous to
| tho interest and benefit of tho said
Company.
SEC. 4. That all the rights con-
forrod upon this Company, rs pro-
vidcd for in tho preceding Sec
tions, shall bo exclusive in this
State, and all Acts conflicting arc
hereby repealed, and tho Company
hereby incorporated shall not be
subject to any laws that may hero
after bo enacted.
SEC. 5. That this Act shall be
taken and deemed a public Act,
and shall continue in force for tho
term Of twenty-five years.
SEC. 6. That this Act shall be of
force Immediately on and after it's
passage.
Approved March 13, 1872.
AN ACT TO ESTABLISH a COMPANY
UNDER TIE NAME OF THE SULLI-
VANS ISLAND FERRY COMPANY,
AND TO MODIFY TIE CHARTER OF
TIE MOUNT PLEASANT FERRY
COMPANY, AND FOR OTHER pUR-
| POSES.
SECTION 1. BE it enacted by the
Senate and House Of Representa-
tives, Of the State Of South Carroll
M, now met and sitting in Gone.
raj Assembly, and by tho authori,
ty Of the same:
That Douglas Nesbit, John B.
Conner, D. +. Fleming, Henry
Jones, William Gregg, Charles J
AndelI, w. r. Jervoy, and such
other persons as may become mem.
bcrs, be, and thoy are hereby, de-
clarod a body polite and corpo.
rate, by the namo OF the Sullivan's
Island Ferry Company, for the
purpose Of conveying passengers
and transferring goods, wares and
merchandise between tho city OF
Charleston and Sullivan's Island
in the County of Charleston, and
between tho said city and any 9th
CT place or places; and by that
name may sue and be suod. plead
and be implcadod, in any Court in
this State may have a common
seal; may purchase, hold and con
vey rcal estate to any amount not
exceeding forty thousand dollars
and may have and enjoy all the
rights, powers and privileges Incl
don't to q corporation.
SEC. 2. That tho capital stock
Of said company shall be thirty
thousand dollars, with privilege
Of increasing the same, from time
to time, to any amount not ex
cocding ono hundred thousand dol
lars. And every member Of the
said company shall be Individually
liable for all dobts contracted du
ring tho timo he Or she shall bo {
member or shareholder in tho sait
company, to the extent of the pa
valuo Of his or her shares in th'
same, and shall bo answerablo il
[ any action at law therefor agains
: him or her, Notwithstanding th'
non, joindor Of tho other share
holders or any OF them, at any
timo after the return Of aulia 6ont
may have been made by tho She
riff Of Charleston County, upon an,
execution issued against the sai(
Company. But nothing hereil
contained shall be construed t.
deprive any Of tho shareholders Q
any equitable rights against tn
creditors or tho other sharchold
ers Of the said Company.
SEQ. 3. That tho first meetin,
3 of tho said corporation may b
called by the persons, or majori
, ty of them, named in this Act, q
such time and place as they ma,
, think fit, after duo public motto
thereof And at said meeting, 0
any subsequent meeting, said COZ
, poration may mako, alter, amen
or repeal such bylaws and rogu