Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1872-02-29

Sc. s: That the county treasurer.
shall Zaeco uat-9or theStagess penalty.
and interest paid in, under this act,
I'm the same manner as he does for
other!Staxes, and shall distribut the
costs to the officer to whom the same:
shall belong.
Sec. 4, That the: person or persons
lredeemihg the hand shalt pay to the
e.aanly@treasurer the sum Of three
dollars for the DEED of conveyance,
-and to,ithe sheriff $50 fcents) fifty
cents for the certificate - j
SEC. S. That all acts or parts of
acts inconsistent with this act be, ,,and
the same are hereby, repealed.
!, Sec. 6. That all deeds of. con8ey-
ance heretofore executed and deliv-
eredaby the @sheriffs' Of Of the different
counties, OF. any of them, under the,
act providing for the redemption of
lands, sold under the orders of Gem
eral Candy, approved the ninth day
Of March, a. D. 1871, in which the
application was made therefor within
tie time limited by that act, be, and
the same are hereby, ratified and
confirmed.
SEC. 7. That the sheriffs who may
have received taxes, interests and
penalties in the redemption of lands,
as in that act-providedr are hereby
required to, turn the same over to
their respective county treasurers, TO
be disposed of by them as other
Ftaxes, aud to parcel out the costs re-
ceived By them to the officers to whom
they severally belong. u.gf3sC,fy
Approved February Is, 1872.
AN ACTto-lncorponae Mechanics
: and Farmers Baeilaaeg and Loan
Association Of Rachland County,
South Carolina. -,
SECTION !. Be it enacted by the
Senate and House of Representatives
Of the State of South Carolina, now
met and sitting in General Assembly,
and by the authority Of the same:
That E. H. Heinitsh A. G. Bron-
zier, John Agnew, NJ. J. Calnan, W.
B. Nash, William Simons, S. B, Thomp-
son, James Davis Hsop Goodson, J.
Il. Bryant, William Taylor, together
with such other persons who are now,
or may be. hereafter associated with
them, be, and they are hereby de-
clared q body polite, and corporate,
I for he~pprpose7 of making loans ot
money, by certificate or otherwise,
secured BY mortgage on real estate Or
personal property, or by conveyance
Of the. samaS to their mem bers and
stockholders Of otherEpersons,s BY the
name and style of the Mechanics and
Farmers Building and Loan Associa-
tion of Richland County, South Caro-
lina theeapit,1 which shall
consist ;of tNo thousand shares, to be
paid in by successive monthly in
stallments of one dollar on each share,
so long as the corporation shall con-
tipqe. The said shares to be held,
transferred, assigned and pledged,
|iand the holders thereof to be subject
.toysuch fines and forfeitures, for de-
fault in their payments, according to
such regulations as may be prescribed
by the bylaws Of said corporation.
SEC. 2. That the said corporation
shall have power and authority to
make any such rules and by laws for
its government as are not repugnant
to- the constitution and laws of the
land; shall have such number and
succession of members and officers as
shall be ordained and chosen accord
ing to the said rules and bylaws, made
Or to be made by them; shall have
and keep common seal, and may
alter the same at will, may sue and
be sued, plead and be impleaded, in
any oourt of law or equity, in this
State; and shall have and enjoy all
and every right and privilege Incl
dent and belonging to corporate bodies,
according tothe laws Of the land.
SEC. 9. That the SAID corporation
shall have power to take, purchase
and hold real estate, and to sell and
transfer athe same, from time to time,
to It's members and others, on such
terms. and under such conditions. and
81 ct to such regulations as may be
l,resorib d by the rules and bylaws
OF said corpor; ton Provided, That
ths real estate held by said corpora
ton SHALL not at any time exceed the
value Of two hundred thousand dol
lars.
SSsa 4. That the funds OF said cor
poration be loaned and advanced
to its members and stoc 1rolders, or
others, upon til security of real anl
personal estate, and used in the pur-
chase Of real estate for the benefit oil
its members and stockholders, on such
terms, and under such conditions,
and snhiact to SUCH regulations asmay,
fpoM 1.-The to time. By 'preacrbed by the
rules and bylaws Of naid corporation ;
and it shall belawful for the said c"r-
sporation to hold such lands, tenemcnts,
herelitaments and personal property
as shall be mortgaged or conveyed to
them in good faith, by way of securi:
ty, upon its loans and advances; and
may sell, alien or otheFwise dispose
Of the same Its members, stock
holders or others, as they; from time
to time, may deem expedient.
SEC. 5. That whenever sthe, flrndf
of said col lpolation shall have accu-
mulated to such an amount that,
upon e inir and just division thereof,
each stockhol,ler and member shall
havr received, or be entitled toreceive,
the SUN of two hundred dollars, or
property Of that value. for each and
every share of stock By him or her
30 held, and such distribution and
division of the funds shall lave been