The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1872-03-20

fof heir receipts and expenditures during
their term, and shall pay over an moneys
lin theit pbssession, 'helonging totEe cor.
tporation, AND deliver Up all books; re-
cords and phpers Incidental to their
LofficetottlRir successofs.y and Ion failure
7 to do 50, they Shall be liable to be. fined
Fin ''s1h not exceeding one hundred
dollars, to beicollected III any ipf6per
faction by the Town, Coungil.y .yj,yisecgags
Sec. Is. That said Town Council shall
have power Ito lay out and arrange all
streets Ana roads within said corporate
limits, as the PUBLIC good may requsre !:
Provided, IT. eland' of oipany Of parties
shall be takenI or!appropridted lfor such
Without compensation, as poW required
Ibylthe law'for condemned lands. = y
j Sec l6. That the Town CouneiEshali
have power to levy Q town tax. on, all as
sessed property within the limits Of said
town a'Ifor the year!!l872, bimmedia ateiy
after thepqssage Of this Act. and proceed
! tU U2oliect the tax thereon . the, following
NINTH. .gsp.T bAj;i, Si!j 10
Approved. IN March a 4sls72.'9rara 1919,
| AN; ACT to,Eaeotp0ute vic caarzeasl6a
> Jofnt, Stoeh Coapa'ay, GtAe!i Sateio!f
t. sSsatgsespias iasnas,a;tlsis,,S III 'SiiW Bsiisa9S
j jrSECT!N5 l. BE it.eiiapted bycthe;Senate
Of Oft tile State 81 South Gafoliha; % ho# r. met I
and sitting: ,in' General Assembly, and
SsThat iisi-W Rouse ,sX:? 1A:s sXszpihaWSali, Xzia i,
R1bert S9alls,; Joseph Brown, Thomas
b. King, John +. Little, Charles W.
StuHmmner,n David Green, Lewis Wilson,
Jesse -:Borosherg StephensJ. Max@elll
Lucius WimbuSh, Thomas II, blackwell,
o. r: Levy, Chapman B. Thomas, JAMES
W:ii EImUre, iYs Sands,,1 JoiH DougkssL,.
/ Benjamin Simols, James Gregory, and
such PERSONS as may now, or hereafter,
Ibe associated with them, are hereby made
and declared. to be q, body polite and
corporate, under the name and style of
the charleston Joifit Stock Coin paily,, Of
theState of South Caroline iorsuch other
name as they may yr1 now yE 10, ,le herefatfteer fte
iaiSEC., g.! 4hat;aIl the rights of corpora
tions, known as banks, be, and the same
are hereby, Vested HI said conpany, for
the:purpose of loanipg outmeneyon in
,terest, purchasing and mortgaging real
estate, buying personal property, and
they Shall have the 'sape 1rlghts iahd
privileges now, enjoyed by the banking
Institutions Of this State; they shall,
also; shaUethe,right to dispose Of any aid
all, property, such as real estate and per-
sonal, or mixed, that they may become,
possessed OF, eih any mariner, 'and on
such conditions, as the said, company
may deem fit and proper to the adyant-
age, Of said coihpany, and to promote the
interest Of said Orphan Asy|umhTat t,9y
8. SEC. g., That before commencing busi-
ness Under tie provisions Of 'tliis Act,
theisaid icompayy shall nay; ;ori cause to
be paid, into the hands, OF, the TState
Treasurer; the sum of tive thousand
12,OOO) dollars, to lbe used for the benefit
of,tlIe, State .Qrphan ,Asylum,of, South:
Carolfifh, dnddhhiially thereafter, a like
In1oant for the term OF ten years Sef So
long las the said companyzshall choose to
continue to do business, 1T being under
stood and agreed SthaUsaid pay1l9eiit of
two thousand dollars per airnum by said
company is. the consideration upon@liich
the privileges Of INCORPORATION herein is;
granted Ii.EaId Whenever said company
Shall failtdpay said consideration, thenS
taSh sa rights Fighttsi 10 transact business shall
!. sEciA:Ttatthis company, oincorpor-
ated agl established by this stActl shall
have full power, anJ are hereby author,
lied tbeestab1ish" agencies tllfohg ghoth
SEC. s. That this Act shall be Of force.
Immediately or and after its passage. 80