The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1872-03-21

Carolina, now met and sitting in General AS
sembly, and by the authority of the same, That
DIR. Thos. S. Waring, ]. w. Strickling, j. A.
Beard, G. E. Watson, DIR. A. i. Norman, Rev.
b. Holden, Wesley Pitchford, Rev. J. p Smelt
zer J. j. Norton, w. G. Keith, ]. FL. Whitner,
H. S. VanDeyicre, S. P. Dendy, r. A. Thomp-
son, ]. P. Mickler, G. NJ. Yarbrough, and their
successors in office, be, and are hereby, created
and constituted body polite and corporate,
by the name and style of 'The Trustees of the
Walhalla Female College," for the purpose of
organizing. establishing, governing and conduc-.
ting seminary of learning in the town OF
Walhalla, in the State of South Carolina; and
said name of "The Trustees of the Walhalla
Female College," shall be capable and liable
in law and equity to sue and be sued, to plead
and be impleadcd, to use a common seal, and
to make all such by. laws and rules as they may
deem necessary and proper for the regulation,
government and conduct of said seminary of
learning, except as is hereinafter provided for:
Prorided, That said bylaws and rules be not
repugnant to the Constitution and laws OF this
State, or the United States.
Sec. 2. That the said Board of Trustees shall
hold their office for the term of twenty years,
and shall be authorized to appoint SUCH officers
as they may think necessary and proper for the
organization and government of their own body.
And should any vacancy occur in the Board,
by death, resignation or otherwise, the said
Board shall have power to fill said vacancy.
Sec 3. That the said Trustees and their sue
cessors shall have and hold all the estate, prop
erty and funds now belonging to said College,
and all property, funds money, donations, leg
acies and devices which may hereafter be gram
ted, conveyed, bequeathed- devised or given to-
said College in trust nevertheless, for the use
and benefit of said College.
Sec. H. That the present President, DR.. Thos.
S. Waring, shall hold his Office during the
pleasure of the Board of Trustees, and shall
have full power to appoint all Professors, Tu-
tors and Instructors of and in said College,
and to remove the same at pleasure, and to ex-
ercise such general control and supervision over
the Instructors, affairs and government of said
College rs he may deem advisable, subject to
the approval of the Board of Trustees
Sec. 5. That the said President shall have
power and authority to confer and award such
distinction, honors, licenses and degrees as are
usually conferred. by similar colleges of the
United States.
Sec. 6. That this Act shall be deemed and
taken to be public Act, and to continue in
force until repealed.
Approved March 4, 1872.
AN ACT TO INCORPORATE THE CHARLESTON
JOINT STOCK COMPANY FOR THE BENEFIT OF
THE STATE ORPHAN ASYLUM.
Section l. BE it enacted by the Senate and
House of Representatives of the State of South
Carolina, now met and sitting in General As
scmbly, and by the authority of the same: That
G. w. Rouse, a. A. Aspinwall, Robert Smalls,
Joseph Brown, Thomas b. King, John l.. Little,
Charles W. Sumner, David Green, Lewis Will
son, Jesse Borosher, Stephen J. Maxwell, Lu-
cius Wimbush, Thomas H. Blackwell, o. r.
Levy, Chapman B. Thomas, james w. Elmore,
Y. Sands, John Douglass, Benjamin Simons,
james Gregory, and such other persons as may
now, or hereafter, be associated with them are
hereby made and declared to be body polite
and corporate, under the name and style of the
Charleston Joint Stock Company, of the State
Of South Carolina, or such other name as they
may now or hereafter assume.
Sec 9. That all the rights Of corporations,
known rs banks, be, and the same are hereby,
vested in said company, for the purpose OF
loaning out money on interest, purchasing and
nortgaging real estate, buying personal prop.
privileges now enjoyed by the banking institu-
tions Of this State; they shall, also, have the
right to dispose of any and all property, such
as real estate and personal, or mixed, that they
may become possessed of, in any manner, and
on such conditions, as the said company may
deem fit and proper to the advantage of said
company, and to promote the interest OF the
said Orphan Asylum.
Sec g. That, before commencing business
under the provisions of this Act the said COM
pany shall pay, or cause to be paid, into the
hands of the State Treasurer, the sum of two
thousand 10000 dollars, to be used for the
benefit of the State Orphan Asylum of South
Carolina, and annually thereafter, like
amount Tor the term of ten years, or so long as
the said company shall choose TO continue to
do business, it being understood and agreed
that said payment of two thousand dollars per
annum by said company is the consideration
upon which the privileges of incorporation
herein is granted and whenever said compa-
ny shall fail to pay said consideration, then
their right to transact business shall cease.
Sec. 4. That this company, Incorporated and
established By this Act, shall have full power,
and are hereby authorized, to establish agen-
Gle. throughout the State.
Sec. S. That this Act shall be of force imme-
diately OH and after its passage.
OFFICE SECRETARY OF STATE,
COLUMBIA, S. c., March 5, 1872.
This Act having been presented to the Gov
ernor of this State for his approval, and not