The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1872-04-03

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in any newspaper or newspapers ol
the State; and the subscription books
shall, be kept open for twenty days
from such time, and ut such places as
said corporators may determine that
on each share of stock subscribed, the
said subscribers shall pay two dollars
to the corporators, who shall deposit
The same in some National or State
Bank. When one hundred thousand
dollars shall have been subscribed, the
said corporators, or any four of them,
shall give notice, by publication for
at least ten days of the time and
place of meeting. for organization.
SAc.3. Whenever he'said sum OF
one hundred thousand dollars shall
have been subscribed, the. subscribers,
their executors, administrators and
assigns, shall be, aid they are hereby
declared to be, Incorporated into q
company, and shall have all therigbts
and privileges conferred upon the
Northeastern Railroad Company !;
provided, however, that nothing here
in contained shall be so construed as
to exemptsthei said company from tile
payment Of taxes /; and provided, fur
ther, that this act shall not be con-
strued so as to bind the State to en-
dorse, guarantee.or.aid said road. ~
SEC. 4. That the said company shall
have the right to build bridges across
navigable rivers; provided, they shall
be put in good and sufficient draws,
and shall construct necessary stations
and turn-outs, with one or more
tracks to the road. with such guage
as said company may determine, and
with full power to construct such
branches, and make such connections
with other roads as they may deter.
mine, at their discretion; provided,
that the said road shall be commenced
within three years and completed
within ten years after the passage of
this act, or the charter thereof Shall
DO forfeited; and provided, further,
that said road shall be subjectto the
provisions. Of an act entitled Gan act
TO declare the manaer by which the
lands, or.the right of way over the
lands, of persons or corporations may
be taken for the construction and uses
of railways, and other, works of in.
ternal improvements" ratified Sep
tember 22d, A. D. 1863,
SIC. 5. This act shall be deemed a
public act, and continue in force for
uinety-nine years. -. 74yE
Approved March 9, 1872.
AN ACT to-. Incorporate the, Beau
fort Manufacturing and Improve
ment Company.
; SECTION /. Be it enacted by the Sem
ate and House of Representatives of
the State of South Carolina, now met
and sitting in General Assembly, and
by the authority of the same. e;a'g
That Alfred Williams, Robert
Smalls, W. J. Whipper, J.. Douglass
Robertson. David Thomas, N. B.
Myers, Francis E. Wilder, James NJ.
G. ofut, George II. Holmes, u J. Max
we'll and J. B. Bascomb, and their
associates and successors, are hereby
made aud declared q body polite and
corporate in law, under the name and
style Of the Beaufort ! Manufacturing
and Improvement Company, for the
purpose of extracting and manufac-
turing oil from the cotton seed, and
other seeds or grain, and,for the pur-
pose of, Carrying on such other business
connected Herewith, with capital
stock of one hundred thousand dol
lars; to he divided into one thousand
shares of one hundred dollars each
Sec. 2. The said company shall
have power, from time to time, to in
crease their capital stock to any
amount, not exceeding two hundred
and fifty thousand dollars, including
their prese It capital stock, whenever
q majority Of the stockholders pres
ent, at any general meeting, shall dc
termine. Books may be opened for
the purpose Of obtaining additional
to such increased stock
in such manner as the company may
deem expedicnt; and whenever. any
increase of capital shall be made as
aforesaid, the president of the CONF
pany shall make affidavit of the fact
and file the same in the office of the
of State, and make public
notice thereof, once o week for three
weeks consecutively, in any newspa-
per published in the town of Beau
fort, which shall be legal notice to all
persons dealing with said corporation.
SEC. 3. That the said company be-.
and is hereby, authorized to build a
wharf or wharves, in front of any
owned by said company, or
which they may hereafter become
possessed of in the county of Beau
|ort, and to collect wharfage on the
same, and to use, sell or lease, the
said wharf or wharves for the use
and benefit Of said company, subject
to any laws now existing or hereafter
to be enacted in relation to said prop
ertys
Sec. 4. That for the purpose of car
rying the products Of their manufac-
ture to or from any railroad or place
Of shipment upon the Island of Port
Royal, the said company is hereby
vested with all the rights and powers,
privileges and franchises granted to
the Enterprise Railroad Company, of
Charleston, by the act of the General
Assembly of the State Of South Caro-
lima, incorporating said company, ap-
a,.ooJ M.,rob I. 1QTA. onl March q