Beaufort Republican. [volume] (Beaufort, S.C.) 1871-1873, 1872-05-30

| f2ncy, NatlOnal Ddnh NUleS, Nc'ehue
Bond Scnp, gold or silver coin.
Approved, March l3, 1872.
An act to Churt~r the GreentUood and
augusta Railroad Company.
Section |. Be it enacted b the Sen
ate 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 for the purpose Of establishing
railroad, on the most practicable route,
from Greenwood. in the State of South
Carolina, to Augusta; in the State of
Georgia, which company, when formed,
with the conditions herein prescribed.
shall have corporate existence as body
polite in perpetuity:
Sec. 2. That this charter, with the
rights and privileges incidental thereto,
is hereby granted TO and vested in j. ii.
Jennings, A. NJ. Aiken, S. ?. Boozer,
p. H. Bradley, C. l.. Blair, j. ID. Tai
bert, w. X. Bradley, Nick Merriwether,
J. D. Neill, VIM. l.. Parks, J. L. White,
VIVA. X. Blake and q. j. Sheppard, Of
the State of South Carolina, and Robert
H. May, Thomas Phinizy. John D. Butt,
Edward Carry. Austin Mullardy, W. A.
Ramsey, 7. Jefferson Jennings, Joseph
I. Smith and VIA. p. Crawford, of the
State of Georgian and j. A. Barker,
Lawrence Cain, ESeridge Cain, T. NJ.
Talbert, of the State Of South Carolina.
Sec. 3. That for the purpose of rails.
ing the necessary capital stock of said
company, it shall be lawful to open books
of subscription, in the State of South
Carolina, in the counties Of Abbeville and
Elgufeld; and, in the State of Georgia,
in the counties of Richmond and Colum-
bia; AMI IN such cities and towns as may
be deemed for the best interest, of the
corporation uq4cr the }dirscti0pAQf the
corl,oratorss 10 On amGhnt not excSdiug
one million dollars (sl,0JObO0, nFRares
of twenty dollhs (S2O) efch, to con ii
tute joint capital stock for the purpose
of coustructiag-srd caFying int0cpera-,
ton the aforesaid railroad, or any part
thereof. And it shall be the duty Of the
said corporators, or 4 majority OF them,
to open books Of sub, cription as soon af-
ter the ratification of this actas may be
practicable, of which twenty days pre-
vious notice must be given in any news
paper or newspapers of the States atore-
said: and the subscription books shall be
kept open for sixty days; that on each
share of Sto k subscribed. the SAID sub
scribers shall pay two dollars (S2,j or It's
equivalent, in cu;rcn2 y. to the corporat-
ors, who shall give certificate for the
same; and, on the non payment OF said
installment, the subscription shall be
void; the corporatCrs shall deposit the
moncy received by them on said cash In
sediments in a solvent bank, in any Of
the States afordSaid. aud at the expira-
TO OF every thirty days. That VIXEN the
sum of one hundred and fifty thousand
dpllars (S!5o,0D) are subscribed, the
said corpora.o;s, or majority Of them.
shall give notice Of the time and place of
meeting for organization in some public
newspaper in each Of the Statas atore:
said. But if the sum of one hundred aud
iifty thousand dollars (Sl50.00O) shall
not be subscribed within the first APP
pointed time, the said corporators may,
hor the purpose of further subscriptions
20 sh3 capital stock, keep the DO ks open
for such tine. and at such places, as they
NAV deem proper: Provided, That the
corporators shall not keep the hooks open
fbr a longer period than one year. at the
axpirasion Of which time the right to Sc
lic'st and receive subscriptions shall vest
in the President and Directors Of said
compan-.
Ssc. l. Whenever the said sum oi
one hundred and fifty thousand dollars
| (SIaJ ,p00) is subscribed, in the manner
hercin prescribed, the subscribers, then
executors, administrators and assigns,
shall be, and they are hereby. declared
to be. Incorporated into company, by
the name Of the Greenwood and An
gusta Railroad Company, and may Or
ganize as herein provided.
Sec. 5. The said company, by It's name
above mentioned, shall have perpctua
succession OF members, shall hold rea
and personal property. mey sue and bt
sued, may plead and be impleaded, ma!
have and Use common seal, which the'
may break and use at pleasure. and make
ali such bylaws, rules and regulations a
they may deem necessary for the wei
ordering and conducting the affairs Of th'
company.
See. 6. At shn fFit meeting of thu
said company, to he called by the corpor
atorS. as above stated. and at all Sub,e
qUeat meetings, it shall be Lawful! for an.
s:ockholder 10 be represented by proxy
whose appointment shall be in writing
Signed by such stockhoider; but a per
son not il Stockhcllar shall not represcn
such proxy. \ majority of two-thrt Is 0
the stockholders present, or represente'
by proXy. are empowered to transact an.
and all business connected with the com
pany. At the first meeting Of $tOckh0id
ers, and annually thereafter. at such tim
and place rs may he appointed by til
bylaws, they shall elect, by ballot, t
serve one year, AMI until another election
President and ten directors. NJ peg
son shall be elected president or direC
tor who j. not rhe Uwnerot twenty share
which must have been held for thre
months prior to his election; but thi
does notappIy TO the first election herein
provided for. In the election Of pres
r den. and directors, in the establishment
Of the ny laws. and all ot:'ar acts to b
J one By the stockholders, III their corpr
rate capacity, each stoekhoider sha!! b
entitled to Oh" vote for every paid Il
share Of the stock subscribed Ivy htn.
; See. !. That !or the purpose Of a.