The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1872-10-02
OFFICIAL.
Acts and Joint Resolutions
Passed by the General As
sembly Of South Carolina,
Regular Session, 1871 and
1872.

AN ACT TO lNCORPORATE TIE BEAU
FORT MANUFACTURING AND mi
pRovEMENT COMPANY.
SECTION 1. Be it enacted by tho
Senate and House Of Representa-
tivcs Of tho State Of South Caro-.
lima, now met and sitting in Gone
ral Assembly, and by the authori-
ty of the same:
That Alfred Williams, Robert
SmalIs, w. J. Whippcr, }. Doug.
lass Robertson, David Thomas, N.
B. Myers, Francis j.. Wilder.
James NJ. Crofut, Geo. Holmes, II.
}. Maxwell and }. b. Bascomb,
and their associates and success
sors, ars hereby made and dc.
clarcd II body polite and corpo-
rate in law. under the name and
style of the Beaufort Manufactu-
ring and Improvement Company,
for the purpose Of extracting and
manufacturing oil from cotton
seed, and other seeds on grain, and
for the purpose Of carrying on
such other business connected
Herewith, with II capital Of ono
hundred thousand dollars, to be
divided into one thousand shares
Of ono thousand dollars each.
SEC. 2. The said ompany shall
have power, from time to time, to
increase their capital stock to any
amount, not exceeding two hun
dred and fifty Thousand dollars, in
cluding theirpresent capital stock,
whenever Il majority Of the stock
holders present, ut any general
meeting, shall determine. Books
may be opened for the purpose Of
obtaining additional subscribers to
such increased stock in such man
ner rs tho company may deem ex-
pcdicnt and whenever any in
crease OF capital shall be made as
aforesaid, the President Of the
company shall make affidavit Of
tho fact and file tho same in tho
Office Of tho Secretary Of State,
and make public notice thereof,
once week for three weeks con-
socutively, in any newspaper pub
lishcd in the town Of Beaufort,
which shall DO legal notice to all
persons dealing with said corpora
ton.
SEC. 3. That tho said company
be, and is hereby, authorized to
build wharf or wharvos, in
front Of any property owned by
said company, or which they may
hereafter become possessed Of in
the County Of Beaufort, and to
collect wharfage Oh tho same, and
to use, sell or lease, the said wharf
or wharves for tho use and benefit
Of said company, subject to any
laws now existing or hereafter to
be enacted in relation to said pro
perty.
SEC. 4. That for the purpose of
carrying tho products Of their
manufacture to or from any rail
road or place Of shipment upon
tho Island Of Port Royal, tho said
company is hereby vested with al
tho rights and po" ors, privileges
and franchises granted to tho En-
tcrpriso Rail Road Company, Of
Charleston, by the Act Of the
General Assembly Of the State of
South Carolina, incorporating said
company, approved March first,
eighteen hundred and seventy, and
March ninth, eighteen hundred
and scventy.one Provided, That
tho line Of said road, so far as it
affects tho town Of Beaufort, shall
be fixed and established by tho In
tcndant and Council thereof.
SEC. S. That the said company
shall havo succession Of officers
and mombers, to be chosen accord.
ing to tho rules and bylaws made,
and to be made, for their govern
mcnt and direction, and shall havo
powor and authority TO make by
laws, not rcpugnant TO tho laws Of
the land, to make, have and use q
common seal, and the same TO al
tor at will, to sue and bo sued, to
plead and be implicated, in any
Court of law and equity, to pur.
chase and hold any lands, tenc-
monts or horeditaments, goods or
chattcIs which may bo necessary,
connected with, or conducive to
tho purposes for which said COM
pany is established.
SEC. 6. Tho said corporation
shall not go into operation until
thirty thousand dollars Of tho capi-
tai stock shall be paid, in gold or
silver, or United States Treasury
notes and an oath or affirmation
Of tho payment thereof shall bo
made by tho President, Treasurer,
and majority Of tho Board Of
Directors, which shall DO recorded
in the Secretary Of Stato's Office,
and published in any newspaper
in the town Of Beaufort, or as near
the establishment as circumstances
will admit.
Approved March 8, 1872.
no nDnUJnE pnD nENER r.