The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-03-29
LAWSsOF THE STATE,
ACTS OF THE GENERAL ASSEMBLY
oFsOUTH C4ROLLNA.
Published by Authority.

Publlsheu Dy AutnoINts
AN ACT to Charter the Raleigh, Columbia
and Augusta Air Line Railroad Company.
SECTION l. Be it enacted by the Senate and
House of Representatives OF the State Oh
South Carolina, now met and sitting In Gene
raj Assembly, and by the authority Oh Inc
same:
That for the purpose of building and estao-
fishing an air line railroad from some point
near the City of Augusta, Georgia, Within Tue
limits of this State, by way OF. the City OF 20
lnmbis. Chesterfield, Cheraw and Marlboro
tn some point on The dividing line between
this State and the State Of North Carolina, 10
be determined by the corporators hereinafter
named, that a charter with the rights ana
privileges Incidental TO the same, be- and is
hereby, granted to and vested IN Charies
Adams. John Smith, Thomas Steers, August
Breunlcke, John T. Lee, Edward Allen, Philp
Heller. NJ. D. Stone, Lewis Wilson, l. l.
Owens. R. L. Jones, Thomas Sands, James
Harvey NJ. B. Allen, Amos Miller, DAVID D.
Hanks and their associates or asslgns' anu
when company shall be formed, IN comph'
ance with the conditions herein prescrloeu' IL
shall be known by the name OF the Raleign,
Columbia and Augusta Alr Line Ha'lroao
Company, aud shall have corporate eals-
tence as body polite in perpetuity.
SEC. 2. That the capital stock Of said COM
pany shall be two millions of dollars, in shares
of twenty dollars eacbi and, 10 order to raise
the said capital stock, it shall be lawful to
omen books OF subscription In such places, and
at such times, as may be deemed for the pest
interests Of the corporation, under the direc'
,ion of the corporators; the time and places
for receiving such subscriptions 10 be determ-
ined by majority of the corporators; but
should such majority fell to fix such times
and places, then such times and places may
be fixed by any four of the corporators here
inbefore named, having given due notice OF
the same in any newspaper or newspapers OF
the State; and the subscription books shal! De
kept open for twenty days from such times,
and at such places as said corporators may
| determine; that on each share OF stock suo'
scrIbed, the said subscribers shall pay Two
dollars to The corporatore, who shall deposit
the came in some national or State oanE.
When one hundred thousand dollars shall
have been subscribed, the said corporators, or
any four of them, shall give notice, BY publi'
cation for at least ten days Of the time and
place of meeting for organization.
SEC. 3. Whenever the said sum Of one hun
dred thousand dollars shall have been sub
scrbed, the subscribers, their executors, ad-
ministrators aud assigns, shall be, and they
are hereby declared to be, incorporated into
company, and shall have all the rights and
privileges conferred upon. the Northeastern
Railroad Company Provided, however, That
nothing herein contained shall be 30 construed
as to exempt the said company from the pay
ment of taxes: And provided, further, That
this act shall not be construed so as to bind the
State to endorse, guarantee or aid said road.
SEC. 4. That the said company shall have
the right To build bridges across naVlgaole
rivers: Provided, They shall put in good and
sufficient draws, and shall construct necessary
stations and turn-outs, with one or more
tracks 10 the road, With such "auge as said
company shall determine, and full power to
construct such branches and FAKE such con-
neclIons 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 alter
the passage Of this act, or the charter Thereon
shall be forfeited: And provided, further,
That eaid road shall be subject 10 The proTi-
IN
manner by. which the lands, OF the right OF
way over the lands, of persons or corpora.
tions, may be taken for the construction and
uses Of railways, and other works Of Internal
Improvement" ratified September 22d, a. D.
1868.
SEC. S. This act shall be deemed a public
act, and continue In force tor ninety-nine
years.
Approved March 9, 1872.