The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-04-24

6ne "oulu loBe ner charm, become less fair
Were rings to shine on those fingers small
.. They would not add to their grace at all.
She would learn to smile and speak by rule
In the foolish book OF Dame Fashions school,
And the world to spoil her would soon COM
Now she's nobody'u dArling-but minel
Acts and Joint Resolutions Passcd by tho
General Assembly or South Caroiinn.
Regular session, 1871 and 1s7a.
An ACT TO INCORPORATE THE DARLINGTON
LAND JOINT sToOK AND LOAN AssooIA-
TIoN OF DARLINGTON, SOUTH CAROLINA.
SECTION L. Be it enacted BY the Senate
and House Of Representatives Of the State
Of South Carolina, no,D met and sinino in
General Assembly, and By the authoriiv of
.tlsS same, That Richard 81. Humbers. T.
Q. Cox, 8. j. Keith. J. A. Smith, VIM.
Bralsy. ]. A. Williamson, P. @. Fludd,
Alfred Hart, Edward Mickey, A. P.
Ford, Richard Ford, F. J..Pueh, Adam
Briston, VIM. Grand, J. d. Warley, A.
T.. Singleton and J. w. Thomas, toge-
ther with such other persons as now are,
or hereafter may be, associated with
them be, and they are hereby. declared
body politic and corporate. for the par
pose OF buying and holding resi- estate
in tho County of Darlington, or at any
point within the County, or the State of
South Carolina, and making loans of
money. secured by mortgages OF real
estate, and the hypothecation of bonds.
stocks and other chooses in action, and
personal property, to it's members and
stockholders, by the name and style of
the darlington Land Joint Stock and
Loan Association of Darlington, South
Carolina" The capital stock of said as
ISOLATION to consist of five thousand
shares, OF the value of twenty-five dol
lars per share. but as soon as two thou
sand shares shall have been subscribed
thereto, the said association shall organ
lze and commence operations, said
shares to be paid by successive monthly
instalments of one dollar on each share
so long as the said association shall con-
tinue; the said shares to bo held, trans
terred. assigned and pledged, and the
holders thereof to be subject to such
tines, penalties and forfeitures, for de-
fault in their payments, US the regula-
tions and bylaws Of the said association
may prescribe.
SEC. 2. That the said association shall
have number and succession of officers
and members as shall be ordained and
chosen, according to the rules and by-
their government; and shall have power
and authority, from time to time. and at
all times, to make such rules and by
laws as are not repugnant to the Consti-
tuition and the laws of the land; to have
and keep a common seal. and to alter
the same at will; to sue and be sued, i'm
plead and be impleaded, in any court of
law or equity in this State; and shall
have and enjoy every right and privilege
incident and belonging to corporate
bodies, according to the laws of the
land.
SKc. 3. That the funds of the said as
sociation shall be invested either in the
purchase of real estate, in tho County of
! Darlington, South Carolina, or in apy
County or sub-dl vision of tho State of
South Carolina, which shall be rented
out or leased, or sold and conveyed. to
the members and stockholders of said
association, upon such terms and condi-
tions as, from time to time, may be pre-.
scribed by its rules and bylaws, or be
loaned out and advanced to the members
and stockholders thereof, upon the se-
curity and by hypothecntion of real es.
tate in the County of Darlington, or any
other subdivision of the State aforesaid,
or bonds, stocks, or chooses in action on
personal property, on such terms and
conditions as. from time to time, may
be prescribed by the rules and bylaws
aforesaid. And it shall and may be law
fal for the said association to hold and
enjoy, for the mutual benefit OF its mem.
bers and stockholders, all such lands,
tenements and hereditaments as may be
bona fde purchased by and conveyed to
it; or as may be mortgaged to it, by way
OF security, upon its loans and advances
or as may be purchased by, or trans.
ferred and conveyed to it, OF sales under
judgments or DEGREES, at law or equity,
for securing, or recovering. or in com
promise settlement of any debt or debts
dr1o 10 A. IL