The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-04-14

term1De: TTOO1ue0. HOt0eccT, IlQG IN
case the said Association shall not have
closed its operations and affairs, as above
provided for, within shorter period,
beyond ten years.
public Act. and be given and received
in evidence without being specially
pleaded.
Approved March 10, 1872.
CAMDEN RAILROAD COMPANY, OF SOUTH
CAROLINA.
SECTION l. Be IL endcted by The Senate
and House Of Representatives Of the State
OF South CIrolind, nO,o met and SiNinq in
General Assembly, and by lie authority of
me same, That, Tor tho purpose of esta-
bllshlng railroad company from Cam
den to Lancaster, that charter, with
the rights and privileges incidental to
the same, be, and is hereby, granted to
and vested in H. j. Hickson, r. ".
Cousart, Joseph Clark. J. T. G. Mittag,
B. j. Witherspoon, D. G. Wolfe, W. NJ.
Shannon, j. 3. Kershaw, W. u. Leitner,
Mannes Baum, Samuel Boykin, T. T.
McDow, S. Il. Brewer, L. j. Patterson
and John Kershaw, and their associates,
and when company shall be formed, in
compliance with the conditions herein
prescribed, it shall be known by the
name of the Lancaster and Camden
Railroad Company. and shall have cor.
porate existence as body polite in per-
petuity.
Sec. 2. That the capital stock of said
company shall be one million dollars. in
shares of twenty-five dollars, or Gvo
acres of land each; and, in order to raise
the said capital stock, it shall be lawful
to open books of subscription in such
places, end at such times, as may be
deemed for the best interests of the cor
poration, under the direction of the cor
porators; the times and places for re-
ceiving such subscriptions to be deter
mined by majority of the corporators;
but should majority fail to fix such
times and places, then such times and
places may be fixed by any six of the
corporators hereinbefore named. having
given due notice of the same in apy
newspapers of the State; and the sub.
scription books shall be kept open for
twenty days, from such times, and ut
such places, as said corporation may de-
termine; that on each share of stock sub
scribed, or land to the value of each
share so subscribed, the said subscriber
shall pay two dollars to the corporators,
who shall deposit the same in some ma
tional or State bank. When fifty thou
sand dollars, or tho value thereof in
land, shall have been subscribed, the
SAID corporators, or any six of them,
shall give notice. by publication, for at
least ten days, of the time and place Of
meeting for organization.
SEc 2 JVhonoroS ~ :1
fifty thousand dollars, or the value
thereof in land, shall have been snb.
scribed, the subscribers, their executors.
administrators and assigns, shall be- and
they arc hereby, declared to be incorpo.
rated into company, and shall have all
the rights and privileges conferred upon
the South Carolina Central Railroad
Company, ratified -: ProriQed.
Ao,cerer, That nothing herein contained
shall be 80 construed as to exempt the
said company from payment of taxes:
Provided, f"rtter, That this Act shall
not be construed so as to bind the State
to endorse, guarantee, or aid said road:
Provided, further, That nothing herein
contained shall be construed as to ex.
empt said company from the provisions
OF Section l, Chapter 63, of the General
Statutes.
Sec. 4. That the said company shall
have the right to construct necessary
stations and turn-outs, with one or more
tracks to the road: Provided, That the
said road shall be commenced within
one year, and completed within five
years. after the passage of this Act, or
the charter thereof shall be forfeited:
And prooifed, further, That tho said
road shall be subject to the provisions of
an Act entitled San Act to declare the
manner by which the land, or the right
OF way over tho lands of persons or cor
porations may be taken for the con
struction and use of railways, and other
works of internal Improvement" ratified
September %, A. d. 1868.
SEC. 5. This Act shall be deemed n
public Act, and continue in force for
twenty-ono yeurs.
Approved March 13, 1872.
AN ACT TO INCORPORATE THE SAVINGS EASE
OF AIKEN.
Whereas there exists a class Of persons
who, from want of experience, are inca
pablo of investing their small incomes
and earnings, and as it is desirable to
encourage economical and provident
habits in all classes, and especially in the
young, tho lubOring and the dependents: