The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-04-12


subscribers, and may acquire by grant,
purchase. lease or otherwise, any estate,
real or personal, whatsoever, and the
same to hold, use, sell, convey and dis
pose of as the interest of said company
require.
approved March 12, 1872.
AN ACT TO INCORPORATE THE EDISTO, CAV
oAw AND wA1TEs' CREEK CANAL CoMpA-
ny, OF SOUTH CAROLINA.
SECTION /. BE i: eaacted by the Senate
and House Of Representatives Of khe State
! Of South Carolina, mo,o met and sitting in
General Assembly, and by the authority Of
the same, That Richard n. Cain, limo
thy Hurley, John D. WeatherIy, David
Kicker. John @. Downing, B. A. Bose
mon, A. i. Ransier, W. Nj. Thomas, A.
2. Holmes, George T. Mcintyre, L. J.
Maddoclks, s. Small, E. D. Holmes,
Robert Tarlton, George Lee, B. Byas,
P. P. Hedges, William B. Jervey, and
such other persons as they may associate
with them, their successors and assigns,
be, and they are hereby, constituted
body corporate and politic, by the name
and style of the Edsto, Cav Caw and
Waites' Creek Canal Company. And
they arc hereby made corporate in lnw,
to have, hold, purchase and possess
lands, and to make sole of the same, or
any property acquired by them, as o
company, to carry on the lumber, wood
business, dig phosphates that may be on
their lands, to erect houses, mills, ma
chine shops, manufactures, dig out and
clean away any obstructions which may
be necessary in order to complete ma
vigable water course from the Edisto
River to the Ashley River, in this State,
conveying water, lumber, wood, barges,
RATS, boats, or any craft that may be no.
cessary to carry out the design of said
company. They may also convey fresh
water to the city of Charleston, by such
means as they may deem best, and at
sucll time as shall be most practicable,
and shall have authority to impose such
q toll on vessels, RATS, barges. boats and
flats as may be deemed proper for the
use of said canal.
Sec. 2. The capital stock of this CON-
pany shall be five hundred thousand dol
lars, divided into shares of ten $4,000
dollars each, and shall organize when
ten thousand dollars shall be subscribed
and paid in, either in cash, or lands, ma
chinery, goods, or any material which
may be deemed of equal value to said
company, which may bo applied in its
operations.
SEC. 8. There shall be held annual
meetings of the stockholders to elect
President and Directors; there shall be
four Directors, who shall hold their Of
fees for one year.
SEC. 4. Each share shall represent one
vote in all elections for officers.
Sec. 5. All transfer of shares shall be
in T. G.
making transfers of shares. The Direct
ors shall make all needful bylaws for
the government of the company, and
alter and amend the same ct pleasure.
SEQ. G. This company Shall have
water communication from the Edisto
River through Bull Greek, and the most
direct route through Cav Cav Swamp,
water lead to Waites' Greek, two hun
dred feet wide, and may appropriate any
lands on said route necessary to forward
this enterprise and facilitate quick trans
portation: Prouided, That they shall
pay just and reasonable compensation
forall land appropriated for said purpose
SEC. Z. That they, and their success
sors, shall fix and establish nny toll, and
receive the same, on oil goods, merchan-
dze, timber, lumber, wood, bonts, flats,
RATS, or any means of transit through
said canal. and any party refusing to pay
said toll, their goods may bo detained
till said toll is paid.
SEQ. S. The said company have autho.
rity to issue coupon bonds, bearing
eight per cent. interest, redeemnble in
ton and twenty years, not exceeding one
hundred thousand dollars.
SRo 8. They shall have power to COM
mence work Immediately on its forma-
ton, and may make publication of the
same. and keep open their subscription
books at such time md place rs they
may determine
SEC. 10. This Act shall be deemed
public Act, and shall remain in force for
fifty years.
Approved March 13, 1872.
AN ACT TO INCORPORATE THE BULL RIVER
AND PORT ROYAL RAILROAD COMPANY.
SECTION /. BE IL enacted By The Senate
and House Of Representatives Of The STATE
Of South Carolina, no,o met and sitting in
General Assembly, and by The authority of
The same, That for the purpose of estab-
fishing a railroad from somo point on
Bull River to n junction with the Port
Royal Railroad ut point on or near
Whale Branch, y charter, with the rights
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