The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-04-20

FTBook and Job Printing OF every des Grip
Dion nrompt!y and faithfully attended, to.
Acts and Joint Il csoI utIons Passed by tho
General Assembly of South Caro- linn.
Regular Session, 1871 und 1879.
AN ACT TO AUTHORIZE THE FORMATION OF,
AND TO INCORPORATE, THE hAURENs AND
AsHEvILLE RAILROAD.
SECTION /. BE 1: enacted by The Senate
and Ho- SO Of Representatives Of the State
Of Sou Carolina, noD met and sitting in
Gener0 Assembly, and by The authority of
the same, That j. r. Fowler, William
Mills, La1son Owens, Samuel Fleming,
VIM. 81. Langston, Y. J. Z. Owens, J.
Crews, W. E.. Earle. Thomas Nj. Cox,
Alexander Isaacs, Wilson Cook, Alex.
MoBee, 81. P. Hammett, L. Williams,
Hewlett Sullivan, james P. Moore, and
their associates and successors, be, and
they are hereby, decle red body polite
aud corporate, under the name and style
of the Laurens and Asheville Railroad
Company, for the purpose of construct
ing railroad from the town of Laurens
to the town of Greenville, and thence
towards Asheville, N. c., by the most
direct md passable route.
Sec. Q. That, for tho purpose of rails
ing the capital stock of said company, it
shall be lawful to open books, at tho
town OF Laurens, under the direction of
J. r. Fowler, VIM. Mills, Lanson Owens,
Samuel Fleming, VIM. II. Langston, Y.
j. P. Owens and j. Crews; at the town
of Greenville, under ". e. Earle, Thos.
nj. Cox, Alexander Isaacs, Wilson Cook,
Alex. McBee, 81. P. Hammett, L. Will
liams, Hewlett Sullivan and james P.
Moore; and at such other places, in. the
Counties OF Laurens and Greenville, and
under the direction of such other per-
sons. as the commissioners in the re-
spective Counties herein above named
may designate, for the purpose of secur-
ing subscriptions to an amount not ex-
ceeding two million five hundred thou
sand dollars, in shares of one hundred
dollars each, to constitute joint capital
stock, for the purpose of constructing
and carrying into operation the said
railroad; and on each share of indi-
vidual stock the subscribers shall pay to
the commissi sioners, who shall be author
lied to take the same, the sum of five
dollars, lawful money OF the United
States.
SEQ. 8. That when the sum of one
hundred thousand dollars shall have
been subscribed in the manner before
specified, the subscribers shall be, and
they are hereby, declared body corpo-
rate, to be known by the name and style
OF the Laurens and Ashevilie Railroad
Company, and may meet and organize
said company, at such time and place,
as may be designated by the commits
sioners, for the town of Laurens herein
before named.
SEQ. 4. That, for the purpose of or
ganizing said company, all such powers
as are conferred by the charter of the
Greenvilje and Columbia Railroad Com
pany on the commissioners at Green
vile, shall be, and are hereby, conferred
on the commissioners herein appointed,
at the town of Laurens; and all the
powers. rights and privileges granted by
the said charter, and its amendments,
to the Greenville and Columbia Railroad
Company, shall be, and they are hereby,
granted to the Laurens and Asheville
Railroad Company, and subject to like
restrictions as are therein contained, ex-
oept as to the capital stock, the sum ne
cessary to authorize organization, and
the amount of shares, except 80 far as
may be necessary to conform to the spe-
cial provisions of this Act: Provided.
houeoer, That nothing herein contained
shall be so construed as to bind the
State to subscribe stock in said company,
or make any appropriation to enable the
said company to build said road, or in
any manner to loan the credit of the
State thereto.
SEQ. s. Be ii fuytAs,. enacted, That it
shall be lawful for any County, town
ship, town or city in this State, inter
ested in the construction Of the said
railroad, to subscribe to the capital
stock of said company such sum as the
majority OF the voters of such County,
township, town or city may authorize
their constituted authorities to subscribe;
and the Chairman of the Board of Coun-
ty Commissioners of any County, or tho
Mayor or Intendant of any town or city
in this State, when instructed by resolu-
ton OF convention of tax-payers Of
such County. township, town or city
said convention to be called, after ren-
sonnble notice. by the Chairman of the
Board Of County Com missioners, or the
Mayor or Intendant of the town or city.
upon the application of not less than
ten Taxpayers. in writing--is hereby re-
quired to submit the question of said
subscription, and the amount to be sub
scribed to the said road, to vote of the
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