The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-04-13

listing laws shall be, and they are hereby, die de-
clared legal aud valid. 5n..
SEC. 40. That for any wilful violation OF
duty, malpractice, abuse or oppression, the
said intendcnt aud wardens, jointly and seve.
ralIy, shall be liable to indictment in the Court
OF Sessions, and, upon conviction, to punish
ment by fine not exceeding one hundred dol
lara, besides being liable for damages to any
person injured. -
SEQ. al. That all acts, and parts OF acts, here
tofore passed in relation to the incorporation
OF the Town OF Williamson, DO, and the same
are hereby, repealed. And this act shall be
deemed and taken to be a public act, and con-
tinue in torco for the term of twenty years, and
until the end OF the session. OF the Legislature
then next ensuing.
Approved March 9. 1872.
AN ACT to Incorporate the South CaroIina Real
Estate Planting and Mining Company.
SECTION 1. Be IL enacted by the Senate and
House Of Representatives Of the State OF
South Carolina, now met and sitting in Gene
raj Assembly, and by the authority Of the
same
That B. F. Graham, Edward Reid, George
Kline, Il. E. Hayne, B. F. Briggs. s. A. swails.
W. A. Grant, W. B. Nash, Edward Mickey, o.
R. Levy, William Elliott, J. A. Bowley, Barney
Humphreys, Jordan Lang, G. G. Bowen,
Timothy Hurley, T. A. Davis, N. B. Myers. ].
B. Basconb, 8. Greene, J. 8. Mobley, and their
associates, successors and assigns, are hereby
created q body polite and corporate. under the
name and style Of tho South Carolina Rea
Estate, Planting and Mining Company" for
the purpose Of securing foreign and domestic
capital in the purchase and Improvement OF
lands and other property, and for the working
of the Same, and for selling and settling the
same: Provided, however, That the said COR
poration shall be organized and 20 into oPer-
alton within two years from the passage OF this
act.
SEC, 2. And be it further provided, That the
capital stock of said corporation shall be one
million of dollars Isl, DOC, OOO.) in shares OF one
hundred dollars ($1OO) each, with the privilege
of increasing the same, from time to time, to
the extent necessary for which said company Is
formed, said increase not to exceed the sum OF
Ave million dollars ($5, 600, 000,) and said in
crease to be made only at a regular meeting OF
the said company, upon q vote OF two.thirds
in amount Of the stock for tho time being In
favor Of such increase.
SEC. 8. That the said shares shall be deemed
personal property, and shall be transferable
only on the books of the company.
SEQ. A. That the said corporation shall have
power to purchase, acquire, hold, use, work
and dispose OF real estate in any OF the coun'
ties of this State, to work and operate mines,
to work and operate farms and plantations
within the State, and to dispose, generally, oil
the products OF the same.
SEQ. s. That the'said corporation SHALL also
have power TO make oil bylaws necessary for
the disposition OF it's property, and for the
management of its a~ffiirs, for tho regulation
of the term Of Office OF Its officers, and pre-
scribing their duties. and to carry ont the
general objects OF tho corporation, and the
same at pleasure to annul and repeal: FRO
vided, That such bylaws, rules and regula'
tions shall not conflict With any avs OF the
United States or the State Of South Carolina.
SEC. g.. That said corporation shall have
power to borrow money by issuing lnteres1
bearing bonds, secured by mortgage OF is
property and franchises, or q any portion ofthe
same; ind, for this purpose, may issue ponos
for sterling, gold coin or currency, payable Id
London, New York or Charleston, secured p!
mortgage to trustees for the payment OF
the said bonds; and, also, may purchase
land. FOR cash or for bond, Secured pJ
mortgage, or partly for cash and partly io'
bonds and mortgages: Provided, That the
stockholders Of said corporation shall be hapie
to the amount OF their respective snare o.
shares of stock in said corporation for al! III
debts and liabilities upon note, bill or otner
wise. The books and accounts OF salo oorpo
ration shall be open to inspection, under sucl
regulations as may be prescribed by Law.
SEC. z. That said corporation shall nav
the power to acknowledgements OF such plaos IL
Europe and America as it may deem deslrao''
for the carrying out OF lts objects; anu "sy
also, hold and purchase the stocks or pondi
of any Joint stock or incorporated companies
and the bonds OF private individuals.
SEQ. g.. That, within the time prescribed 10
going into operation Of this act, o meeting. o
said company shall be held, at which meetinl
fifteen directors shall be elected ny the SAL
corporation, which said directors snail olec
| from their OWL number q president ana treas
urer; and they shall also elect such otner OH
| GERS and agents as they may deem necessar
| for e~ffecting the object OF the said corporation
and, annually after the said meeting, tue sap
| stockholders shall elect twelve directors.
SEC. O.. The said corporation shall have sue
cession of officers, power to adopt and use
corporate seal, to sue and be sued, to plea
and be implicated, to defend and be defended
in any court Of law or OF equity.
SEQ. 10. This corporation shall have tn
right TO establish wagon roads to and upon 1t
property, with the privilege OF connecting IN
same with any roads in the Slate, and sns
enjoy all the privileges that are awarded. III
der the general laws of the State, to any corpe
ration. together with the special privilege
awarded by this charter.
Approved March IS, 1872.