The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-04-11

SOuIQ Ca[Otlub, uOH Wot au0 ottihk NSno
raj Assembly, and by the authority ofthe same:
That the first section Of the act to revive
and extend the charter OF the Relief Loan AS
ISOLATION Of Charleston, be so amended as to
read, .'Passed on the twenty-drst day Of De-
cember, Id the year -four Lordone thousand
eight hundred and ffty-ssven," instead of the
twentieth day of December, In the year Of our
Lord one thousand, eight hundred and fifty.
six.
Approved March is, 1872, ,
AN ACT to Abolish the once Of State Auditor
and Confer the Duties Of his Office upon the
Comptroller-General.
Whereas a multiplicity of offices should be
avoided by the State, as well as unnecessary
expenditures In keeping them up; and, where
az. the duties of State auditor can be perform.
ed by the acknowledgement without detrt-
ment to the requirements Of his office; there
fore,
SECTION l. Be it enacted by the Senate and
House of Representatives Of the State ofSouth
Carolina, now met and sitting In General As
spemrbIy, and by the authority Of the same:
That the office Of the State auditor be, and
It is hereby abolished, and the duties hitherto
devolving upon that officer shall be performed
by the comptroller-general. ~ .. =
SEQ. 2. That this act shall take effect on and
after the general election Of October, 1872, at
which time the State auditor shall turn over
all books, papers and accounts of bis ONCE to-
the comptroller-general.
Approved March Is, 1872.
An or to incorporate the Edisto, Cav Cav
and Waites's Creek Canal Company. o fSouth
Carolina.
SECTION I. Be it enacted by the Senate and
House OF Representatives Of the State OF
South Carolina, now met and sitting in Gen.
eraI Assembly. and by the authority Of the
same:
That Richard II. Cain, Timothy Hurley, John
D. Weatherly, David Kicker, John O. Downing.
3. A. Bosemon. A.. ]. Ransier, W. NJ. Thomas,
A. P. Holmes, George F. Mcintyre, L.J. Mad
docks, 8. Small, E. D. Holmes, Robert Tarl.
ton, George Lee, B. Byas, P. P. Hedges, VIM.
B. Jervey, and such other persons as they may
associate with them, their SUCCESSORS and as
signs, be, and they are hereby, constituted .
body corporate and polite, by the name and
style Of the Edisto, Cav Cav and Waitss's Greek
Canal Company. And they are hereby made
corporate in Law, to have, hold, purchase and
possess, lands, and to make sale OF the same.
or any property acquired by them, as q COM
pany, to carry on the lumber, wood business.
dig p~hosphates that may be n'their lands,i to
erect houses, mills, machine shops, manufac-
tories, dig out and clean away any distractions
which may be necessary in order to complete
q navigable water course from the Edisto
River to the Ashley River in this State, con-
veying water, lumber, wood, barges, RATS,
boats, or any craft that may be necessary 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 such time "a shall be most prscti-
cable, and shall havo authority to impose such
q ton On vessels, RATS, barges, boats and fats,
as may be deemed proper for the use OF said
canal.
SEQ. q. The capital stock Of this company
shall be FIVE hundred thousand dollars, divided
into shares OF ten ($1O) dollars each, and shall
organize when ten thousand dollars shall be
subscribed and paid in, either in cash or lands,
machinery, goods, or any material which may
be deemed Of equal value to said company,
which may be applied in its operations.
SEC. 8. There shall be held annual meetings
Of the stockholders to elect o president and d.
| r~ectors; there shall be four directors, who
shall hold their offices for one year.
SEC. 4. Each share shall represent one vote
in all elections for o~fi,ers.
Sec. 8. All transfer Of shares shall be made
in accordance with bank rules for making
transfers Of shares. The directors shall make
company, and alter and amend the same at
pleasure.
Sac. 6. This company shall have water COM
munication from the Edisto River through
Bull Greek, and the most direct route through
Cav Cav Swamp, water lead to Waites's Greek,
two hundred feet wide, and may appropriate
any lands on said route necessary to forward
this enterprise and facilitate quick Transports
ton: Provided, That they shall pay a just and
reasonable compensation for all land sppropr!-
ated for said purpose.
SEC. 2. That they and their successors shall
fix and establish any toll, and receive the same,
on all goods, merchandise, timber, lumber,
wood, boats, fats, RATS, or any means Of tram
sit through said canal; and any party refusing
to pay said toll, their goods may be detained
till said toll is paid. ,t'
Sec. 8. The said company shall have author
ity to issue coupon bonds. bearing eight per
cent. interest, redeemsble in ten and twenty
years. not exceeding one hundred thousand
dollars
SEQ. 9. They shall have power to commence
work Immediately on its formation, and may
make publication Of the sams. and keep open
their subscription books at such time ana
place as they may determine.
SEQ. 10. This act shall be deemea
public act, and shall remain in force 1os MY
years.
Approved March IS, 1872.