Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1872-03-14

ed; in case of vacancy insthe office 4
of<Presidentl OF Director, FROM ahy |
cause, theremafning Directors may!
elect>others to supply their places
patil:a meeting of the stockholders
shalIbe held. There shall be five orr
more Directors, who, with the Pesi-
deut, shah manage the afairssof a lei
Company. Three of saidsDtiecrVrxi
shall constitute gu rum foranya'ndl
;sn business purposes Of said5Cenpa-.
nv. The meetings of the stockhold I
ers shall be held. in:sthes prlnci pal;
Office of the corporation, which shalt
be.'designa'ed ed BY the Board Of Dlrec-i
tors -s.-.ss-
SEC. 4. The. President and Direc-l
tors shall ,appoint such clerks and
other officers as they may find neces-i
sary, properly to conduct the busi-I
ness Of said Company, and allow
them suitable compensation, all Of
which clerks and officers shall hold
their places during the pleasure of
said President and Directors.
SEC. 5. The President. and Direc-
tors shall have power Ito Aappoint
agents in any part of the State or
elsewhere, and at their discretion
may take from them nds;swiths Sc
curity. conditioned for. the. faithful
performance of their. duties; such
agentabeing removable atthepleasure
Of the President, subject, to the .ap-
proval of the Board Of Directors, on
by the Board of Directors.
Sec. 6. The mode Of, voting atIthe
meetings of said Company shall be
one vote for each share Of stock, and
every stockholder may, at pleasure,
by power of attorney, OF in person,
assign or. transfer his stock rim the
Company, on. the books Of the ,sume,
Of, any part thereof, not being less
than. whole share. Il
Sec. 7. The first annual meeting OF
the stockholders of said Company,
shall be on the first Tuesday of June,
1872. and thereafter on the same day
Of each year: Provided, That said
stockholders, at any regular meeting,
or a Board of. Directors, may, at any
time, change the day of said annual
meeting; and: the President Tand Di-
rectors, may, at any time, / call aigeh-
eraI meeting of. the stockholders, and
any number Of stockholders, owning
not less than one-third of the::whole
number of shares, may require the
President to call such meeting; and
on his refusal to do 30, may them
selves call such meeting, in such case
giving at least ten days notice, by
publication in one or. more newspa-
pers published in the oity of Colum,
bia. 80
Sec. 8: The members Of the Com.
pany shall not beliable for any Joss
damage or responsibility, other thar
the property they have in the capita
and funds of the Company, to. the
amount Of shares held by them, re
spectively, and any profits arising
therefrcm not divided.
Sec. 9. That said corporation slhal1
| have power and authority to invest
|its.capital stock or other funds, ii
bank or other stocks, in the purchase
of bonds. of. the United States, .bond'
issued by this oF.any other StateSo
the United States, and in bonds %
any incorporated company,.to lend
money, upon personal or real securi-
ty, to discount bonds, notes and bill.
of exchange, and to guarantee the
payment Of notes, bonds, bills of ex
change, or other. evidences of debt
and use their property in any manner
incidental to a banking, insurance
and trust business, or the genera
business of the Company.
Sec. 10. All policies of insurance
and other contracts made by said
Company, signed by the President
and countersigned by the Secretary
shall be obligatory on said Company
and have the same effect as if attest.
ed by corporate seal.
Sec, II. This Act shall be in full
force after its passage,
Approved February 2T, 1872.