The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1872-04-24

In each word hear her say
" She is mine.
Music, roses, light, perfume,
Fill for Inc the wide earth's room:
She is mine.
AN ACT to Incorporate the Darlington
Land Joint Stock and LOan Associa-
ton, of Darlington, South CGrotino,
Section 1. Be it enacted by the Senate
and House of Representatives of tht
State of South Carolina, now met ant
sitting in General Assembly, and by tht
authority 6f the same: , "a.
That Richard II. Humbert, T. C. Cox
g. J. Keith, J. A. Smith, William Bra
ley,sJ. "A. Williamson, P. c. Fludd
Alfred Hart, Edward Mickey, A. P
Ford, Richard Ford, F. J. Pugh, Adam
Briston, VIM. Grand, J. D. Warley, a
l.. Singleton and J. w. Thomas, togethel
with such persons as arc now, or here
after may be, associated with them, be
and they are hereby, declared body
polite and corporate, for the purpose O
buying and holding real estate in the
county of Darlington, or at any poin
within the county, or the State of South
Carolina, and making loans of money
secnred by mortgage of real estate, anc
the hypothecation of bonds, stocks, anG
other chooses in action, and persona
property, to its members and stoclshold
ers, by the name and style of the "Dar
NngtOn Land Joint Stock and Loar
Association, of Darlington, South Caro-
lima" The capital stock of said asso
citation tOeonsist of five thousand shares
OF the value of twenty-five dollars pei
share but as soon as two Thousand
shares shall have been subscribed there
to, the said association shall organize
and commence operations, said shares
70 be paid by successive monthly in
stallments of one dollar on each share
80 long as the said association. shall con.
tt0le; the said shares to be held, trans.
fer@d, assigned and pledged, and the
holders thereof to be subject to such
fines, penalties and forfeitures, for de.
fault in their payments, as the regula.
tions and bylaws of the said association
may prescribe. .a ..--s.
Sec. 2. That the said association shall
have number and succession of officers
and members as shall be ordained and
chosen, according to the rules and by.
laws made, or to be made, by them for
their government; and shall have pow
Grand authority, from time to. time, and
ataM times, to make such rules and by
laws as are not repugnant to the Consti-
tuition and the laws OF the land to have
and keep common seal, and to alter
the same at will; to sue and be sued,
implead and be impleaed, in any court
OF Law ar equity in this State; and shall
have and enjoy every right and privilege
incident and belonging to corporate
bodies, according to the laws of the
land.
Sec. 8. That the funds. of the said as
sociation shall be invested either in the
purchase of real estate, in the county of
Darlington, South Carolina, or in any
county or subdivision of the State of
.oUfer leased, or sold and conveyed, to
the members and stockholders of said
association upon such terms and condi-
tions as, from time to time, may be pre-
.scribed by its rules and bylaws, or be
loaned out and dadvanced to the members
andstoekholders IT, ereof, upon the secu-
rity and by hypothecation of real estate
in the county of Darlington, or any
other subdivision of the State, aforesaid,
or bonds, stocks or chooses in action on
personal property, on such terms and
conditions as, from time to time, may be
prescribed by the rules and bylaws,
aforesaid. And it shall and may be law
4ful for the said association to hold and
enjoy, for the mutual benefit of its
members and stockholders, all such
lands tenements and hereditaments, as
may be bona fide, purchased by, and
conveyed toit or as may be mortgaged
to it, by way of security, upon Its loans
and advances; or as may be purchased
by, rcc transferred and conveyed to it, at
sales under judgments or DEGREES, at
law or equity, for securing, or recovering,
or in compromise settlement of any debt
or debts due to it; and to sell, alien,
barter, exchange, convey, mortgage, or
otherwise dispose of the same, from
time to time, and whenever deemed ex-
pedient. -, e.. ..-.-.'
SEC. 4. That if any of the funds of the
said association shall remain unproduc-
tive, or uninvested and unneeded, or
uncalled for, for thespace of two months,
by ats own members and stockholders,
atshek be lawful for the said association
TO lend outwhat moneys may be on hand
to others than stockholders, at such rates
of interest ION such security, whether OF
mortgage or real estate, chooses in action,
OR other personal. property as may be
agDeed ON, to be safely invested, to be
repaid WltQf0 one year. .... .........
SECS. That, whenever the funds and
assets of the said association shall have
accumulated to such an amount that,
upon q fair division thereof, such stock
holders, for each and every share OF
stock held by him or her, shall have re-
ceiveG, or be entitled to receive, the sum
of two hundred dollars, or the value
thereof in property or assets, and such
lityiciny1 oY1A cf ihy,ti CHI ho1
made, then the said association shall
cease and determine: Provided, how.
ever, That in case the said association
shall not have closed its operations anG
affairs, as above provided for, within {
shorter period, then this Act shall no.
continue in force beyond twenty years
SEC.s6. That if any officer or sub
officer of the said association, shall us,
the moneys of said association, othe
thalsthose, prescribed by this Act, b,
shaW On proof thereof, be deemed guilty
of amisdemeanor, and sentenced to pay
fine of twice the amount of money s.
appropriated, and Imprisonment Tor
term Of not less than six months.
SEC. Z. This Act shall be deemed
public Act, and be given and receive,
in evidence. without being special,
pleaded.
Approved March 1S, 1872. g. .
AN ACT. to Rene,0s and Ertend tn
Charter OF the Roman Catholic Church
Of Saint Mory's, Charleston.
Be it enacted by the Senate AM
House of Representatives of the Stat
of South Carolina, now met and sit
ting in General Assembly, and by au