The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1872-08-14
AN ACT TO CHARTER THE GREEN
WOOD AND AUGUSTA RAIL ROAT

SECTION l.. Be it enacted by the
Senate and House of Representa-
tives of the State of South Carroll
ma, now met and sitting in Gene
raj Assembly, and by the authori-
ty Of the same:
That, for the purpose of estab-
fishing q rail road, 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 pre-
scribed, shall have corporate ex-
istenee as "a body polite in per-
petuity. -. ..@s -.-.
Sec. 2. That this charter, with
the rights and privileges inciden-
tai thereto, is hereby granted to
and vested IN J. H. Jennings, A.
N. Aiken, S. P. Boozer, P. Il.
Bradley, G. J.. Blair, J. D. Talbert,
". K. Bradley, Nick Merriwether,
J. D. Neill, VIM. L. Parks, J. L.
White, VIM. K. Blake and G. J.
Sheppard, of the State Of South
Carolina, and Robert e. May,
Thomas Phinizy, John D. Butt,
Edward Barry, Austin Mullarky,
". A. Ramsey, T. Jefferson Jen-
nings. Jos. T. Smith and VIM. P.
Crawford, of the State of Georgia,
and J. A. Barker, Lawrence Cain,
Everidge Cain, T. NJ. Talbert, of
the State Of South Carolina.
Sec. 8. That for the purpose Of
raising 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
Edgefeld and, in the State Of
Georgia, in the Counties Of Rich
mond and Columbia and in such
cities and towns as may be deem
ed for the best interest Of the cor
poration, under the direction Of the
corporators, to an amount not ex-
ceeding-one- million dollars f9f,-
O0O,0a0,) in shares Of twenty dol
lars (s20) each, to constitute a
Joint capital stock, torthe purpose
of constructing and carrying into
operation the aforesaid rail; road,
or any part thereof. And it shall
be the duty of the said corpora
tors, or a majority of them, to
open books of subscription as soon
after the ratification of this Act
as may be practicable, Of which
twenty days previous notice must
be given in amy. newspaper or
newspapers Of the States afore-
said; ; aud the subscription books
shall be kept open for sixty days !;
that on each share Of stock sub
scribed, the said subscribers shall
pay two dollars (s2) or its equiv
alent, in currency, to the corpora
tors, who shall give q certificate
for the same; and, on the non
payment of said instalment, the
subscription shall be voiu, the cor
porators shall deposit the money
received by them on said cash in
stalments in a solvent bank, in
INV of the States aforesaid, and at
the expiration of every thirty
days. That when the sum Of one
hundred and fifty thousand dol
lars (s150,000) are subscribed, the
said corporators. or q majority Of
them, shall give notice Of the time
and place of meeting for organi-
zation in some public newspaper
in each of the States aforesaid.
But If the sum Of one hundred and
fifty thousand dollars $3.50, ,00O)
shall not be subscribed within the
first appointed time, the said cor
porators may, for the purpose of
further subscriptions to the capi-
tai stock, keep the books open for
such time, and at such places as
they may deem proper: Prorided,
That the corporatoss shall not
keep the books open for longer
period than one year, at the expi-
ration of which time the right to
solicit and receive subscriptions
shall vest in the President and
Directors of said company.
Sec. 4. Whenever the said sum
of one hundred and fifty thousand
dollars (s150,O0O) is subscribed, in
the manner herein prescribed, the
subscribers, their executors, admin
istrators and assigns, shall be, and
they are hereby, declared to be
Incorporated into q company, by
the name Of the "Greenwood and
Augusta Raj! Road Company" and
may organize as herein providec
SIC. 5. The said company, by It's
name above mentioned, shall have
nerpetual succession of members,
Shall hold real and personal proper
ty, may sue and be sued, may
plead and be impleaded, may have
and use common seal, which
they may break and use at plea
sure, and make all such bylaws,
rules and regulations as they may
deem necessary for the well or
deriug and conducting the affairs
of the company.
SEC. 6. At the first meeting OF
o 4n ho called hV