The Greenville enterprise. [volume] (Greenville, S.C.) 1870-1873, 1872-04-17
VOLUME .XVIII--NO. so

only On the books Of the company.
See' T.. That the said corporation shall havs
power 70 purchase, acquire, hold, uss, work,
M ana dispose Of real estate in any of tho coun-
ties OF this State, to work and operate mips,,
70 dis phosphate on any lands held BY the sad
corporation, to work and operate farms and
plantations within the State, and to DISPOSE.
generally, of the products of the same.
Sec. 8. That the said corporation shall also
nave power to mako all by.laws necessary for
the disposition Of its property, and for the
N anagemennt n OF its afairs, for the regulation
OF the term Of Office of its ofioors and prescrib-
ing their duties, and to carry out the general
o"1ects OF the corporation, and tho same nt
pleasure to annul and repeal: Provided, That
such bylaws, rules and regulations, shall not
conflict with any laws OF the United States or
Of tho State Of South Carolina.
Sec. 8. That said corporation shall have DOW
or to borrow money by issuing interest bear.
ing bonds, secured by mortgage Of its property
and franchises, or any portion of the same:
and, for this purpose, may issue bonds for
sterling, gold coin or currency, payable in
London, New York or Charleston, secured bv
mortgage to trustees for the payment of tho
said bonds: and also may purchase land, for
cash or for bond, secured by mortgage. or
partly for cash, and partly for bonds and mort
cages. Provided, That the stockholders Of
said corporation shall bo liable to tho amount
OF their respective share or shares of stock i'm
said corporation, for all its debts and iabili.
otL.
and accounts of said corporation shall be opcn-
ed under such regulations. as may be prescrib-
ed by law. q. . ..
Sec. z. That said corporation shall have the
power to establish agencies at such places in
Europe aud America it may deem desirable
Tor the carrying out of its objects; and may,
also, hold and purchase the stocks or bonds {
any joint stock or incorporated companies,
and the bonds of private individuals.
Sec. s. That within the time prescribed for
the going into operation Of this Act, n meeting
OF the said company shall be hold, at which
meeting fifteen directors shall be elected by
the said oorporation, which said Directors
shall elect from their own number President
and Treasurer and they shall also elect such
other officers and agents as they may deem
necessary for eHecting the object of tho said
corporation and annually after the said meet
ing, the said stockholders shall elect twelve
Directors.
sec. U. The said corporation shall have sue
cession Of officers, power to adopt and use n
corporate seal, to sue and be sued to plead
and be impleaded, to defend and be defended.
in any court OF law or equity.
Sec. 10. This corporation shall have tho
right to establish wagon roads to and upon its
property, with the privilege of connecting tho
same with any r,ads in the State, and shall
enjoy all the privileges that arc awarded, un.
der the general laws of the State. to any cor
poration, together with the special privileges
awarded by this charter.
Approved March Is, 1872.
AN ACT TO CHARTER THE LITTLE
RIVER AND CHERAw RAILROAD
COMPANY. 'Firv .-r ....
Section I. 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 came:
That for the purpose of establishing q
railroad from Little River 10 Cheraw. a
charter with all the rights and privileges
incidental to the same, be, and is hereby
granted to Thos. c. Dunn, L d. Bryan, J..
1. Walsh. Joel Allen, J. E Dusenbury, +.
A. Kehew, John Douglas. Wm F. johnson.
Q. p. Townsend. W. Thomas, Abel Quick.
+. A. Miles, G j. Stewart, Samuel jackson.
Jacob Altman, and their associate, and
successors, who are hereby constituted a
body polite and corporate by the name
and style Of the Little River and Cheraw
Railroad Company. 1.'
Sec. 2. That the said company is hereby
authorized to construct a railroad from Lit.
tie River to Cheraw. by such route as shall
be found most suitable and advantageous.
and crossing the counties Of Marion and
Marlborough. between the Great and Lit
tie Pedee Rivers
Sec. 3. That the capital stock of said
company shall be one and a half million
dollars. with the privilege Of increasing It
to two and half millions of dollars
found necessary, to be divided into shares O
fifty dollars each and for the purpose Of
raising such capital stock, IL shall be law
iu' to open books of subscription, at .ueh
times and places, and to keep them open
Tor such periods Of time, and under the di.
rection OF such persons rs may be deter.
mined on by majority OF sa,d company
That subscriptions to said capital stock NAV
be made Ia land. at rate per acre To be
agreed upon at the time of subsc ip,ion :.
and that each and every person subscribing
land shall execute a deed to the said com.
Pany, and that vi am cunts subscribed either
in land CT money. shall constitute the Joint
Stock Capital, for the purpose OF construct.
Ing and carrying into operation the railroad
provided for by this Act; and the said Rail.
road Company shall have power to mort.
gage its property and franchises, aud issus
bonds on such terms and conditions. and
for such u.es and purposes Of ,aid corpora.
ton ss the Board Of Directors thereof NAV