The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1872-05-01

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and be iimIpieaasd, III anyseouft 81 law.
.or equity In this State; and snail have
tand enjoy every right and privilege, in-
cident and belonging to corporate bodies
according to the lawsof the land. 80 At
SEC. g., THAT tfie funds.o said associa1
ton shall be invested. either in the pur-
chase of real estate iii. the County ,.of
Sumter, South Carolina, or many Codfs
ty or subdivision Of the State OF. South
Carolina, which shall be rented out, or
LEASED, or sold and conveyed to 1.-The
members and stockholders Of said 'asso5;
citation, upon such terms and conditions
as, from time to time, may be prescribed
by its rules and bylaws, or to pc loaned
out and advanced to tile members and
stockholders thereof, iilipon the securitytt
and by hypothe cation of real estate IN
+ the County Of Sunter,.or any other sub
division Of the State aforesaid. or bonds.
stocks; or chooses In action, on personal
property, n.such terms and conditions
as, from time to'tine, may be prescribed
| by the rules and bylaws aforesaid. And
shall and may be" Lawful! for the said
association tothold and eiij9y,o for the
mutual benefit Of ITS .inehibersi and
stock holders, allssuch iarits,i y tenements
and hereditaments, as may be- bona fde
purchased by, and conveyed to it; ,6r!as
may be mortgaged Ito it by way of secu-
rity upon It's loans and advances; = or as
may be purchased by, or transferred and
conveyed to 1t, at sales undes Judgment
or DEGREES, at law or Equity, forseeuring
or recovering, or in compromise settle
tment of any debts due to it and to sell,
alien, barter; exchange, coaveyG mort
gage, or otherwise, dispose Of the same,
from time to time; andwiienever deemed
expedlent. ..3G..i ,CTIgn
said association shall temains unprodnct-
i've, or uninvested, or unneeded, or un;-
called for, for the space of two, months,
tby its own members and stockholders,
lit shall be lawful for the.said association
/ to lend out what. m oneyg may beop hand
to others than. stockholders, at such
rates of interest, (on such security,
whether Of mortgage or real estate,
chooses in action, or other personal prop
erty) as maybe agreed on, to be safely
invested, to be repaid within one year. :,
SEC. S. That, whenever the funds and
assets of the said association shall nave
Accumulated to such an amount that,
upon a afair,tiNison.thereo such stock
l H. ~ ] Go al,
stock held by him or her, shall have re-
ceived, @or be entitled to receive the sum
eftwo hundred dollars, or the value
thereof in PROPERTY Or assets, ana such
divisions and distributions. shall have we
been made, then the said ASSOCIATION
Shall cease and determines, Provided,
however, that in'case the said association
shall not have closed it's operations and
affairs rs above, provided for within Q
shorter period, then this Act shall con!
tinue in force until repealed @'''' i''s' ,!
| Approved March l3, 1872. .I9G % Aot..
| ''.'ss'. ssoi; ro-r-5tgugD raL Ja.r
AN9;ACT1 to + Provide for the, Uniform
:: System of School, Records. 80 =.
SECTION /. Be it enacted by the Sem
ate and House, of Representatives OF
the State of South Carolina now met
and sitting; in Generai Assembly, and
by the authority Of the same.
3. That the State Superintendent Ed
ucation of the State of South Carolina
tbe, and he is hereby,, authorized, TO pre-
pare and cause to be published and dis
tributed a complete and uniform system
of school records and blank forms, z foi
the use Of the officers and teachersieof
| the Free Common Schools of this State:
4 SEC. 2. That for the purpose OF carry;
Ling out the provisions of Section ! OF
tthis Act, the sum of seven thousand
1 & ,0O0) dollars be, and is hereby, bappro-
priated: Provided, That the same shall
only be paid out on the order Of the
State Superintendent of Education
And provided, further, That no part OF
the said appropriation shall be used ;for
any other purpose than is specified in
this Act. -.a. rsr...r:, ..,.-.-..
SEC. 8. That this Act shall take effect
Immediately after its pa sage. 80
Approved March l3, 1872. . ..rf y
AN ACT to Incorporate the Columbia
Jockey Gub., = ~, ..r,,,,;ss ssI, ~
. SEcrloN l. Be it enacted by the
Senate and House Of Representatives
Of the State of South, Carolina, now
met and sitting in General Assem-
IDLY. and by authority Of the same:
\ That #. J. Robertson, John Agnew,
Charles Logan, R. C5Shiyer, Owen DAILY,
j NJ. Ji Calman = tandltheir associates and
successors, be, and they are hereby. de'
clarcd to. be, q body corporate and polite,
by the name and style of the Columbia
Jockey Club, and shall have power to
retain, possess and enjoy all such prop
erty as they may now be possessed. OF, or
}entitIci to. or which shall. hereafter be
acquired BY. them; and to sell, alien, OF
in any wav transfer the same, or any
part thereof:s Provided, The amount Of
property so held shall not exceed twenty:
: five thousand dollars. .. -
/. SEC. 9. That they Shall Or may have
1 succession Of officers and members, ac'
cording to the rules and bylaws which
may be adopted by them and shall haye
power to make and change at will rules I{e
/. and bylaws not repugnant. to the laws
of the land; to have. keep and use q
Icomnon seal land the same to alter al
will; to sue and be sued, to plead and hf
! i'm pleaded, in any court of this state
They shall jointly and sevelafly be re-
spomsible for All debtstincurred by the
CORPORATION or its,agencies. fI|F :n. -: p
SEC. g. That this Act shall remain IL
force for the term of fifteen years; anc
!, until the meeting Of the next session o.
the General Assembly thereafter. @H's
Approved March 8, 1872. .s15! ,..a & :!
- - rrt: 81
!. The Union League and the Ku Nax.'n
l. a :. Z
In recent editorial, the Gharlesto,
Courier says with much force, that th'
: 4. f..zzau...aont 10 Ia aonoiStant I