The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-02-22

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Acts and Joint Resolutions Passed by che
General Assembly OF South Cerclne,
Reg ular Session. As5A and 1879.
I'M AcT TO INCORPORATE THE CAROLINA OH.
H. 81 .I;i11G. COMPANY. ,.. 40
~ SRoy1oN 1. Be IL enacted BY the Senate
ara House of Representatives OF, The State
0f aS0rfh Carolina, noU met and siiiinQ in
General Assembly, and BIZ the authorize of
the sdn7e, That VIM. Mct4nInnis: Edward
Hope, Robert @. Shiver, 8. l.. Leapheart,
John Agpew, and their associates and
successors, are hereby made and created
la body polltio and corporate, in law.
under the name and style Of the Carolina
Oil Company, for the purpose of OK.
tracing apd manufacturing oil from cot.
ton seed and other seeds, or grain. and
for 'the purpose of carrying on such
other business as may be connected
Herewith, with such capital as NAV be
subscribed, not exceeding fifty thousand
dollars, said capital to be divided into
Shares OF one hundred dollars each.
SEQ. q. The said compan, shall hnye
power, from timo to time, BY stock vote
OF not less than two. thirds of the amount
OF capital paid in, to increase their
capital stock to any amount not exceed.
Ing one hundred thousand dollars, in
Guiding their present capital stock.
Books may be re-opened for the PURPOSE
of obtaining additional subscribers to
suoh increased stock, in such manner as
the company may deem expedient; and
whenever any increase of capital shall
be made, beyond fifty thousand dollars,
as aforesaid, the President of the COM
pany shall make affidavit of the fact.
and file the same in the Office OF the Se-
cretary of State, and make public notice
thereof onoo week for threb,weeks con-
seeutively in newspaper in the CITY
OF Columbia, which. shall be legal
notice to all persons dealing with said
CORPORATION. s.t i!'li,,t ~ 'i.:. n II.
i.SEc B. The said company shall have
succession OF officers and members. To
be chosen according to the rules and by-
laws made and to be made for their 90
vernment,and direction, and shall have
power and authority to make bylaws
not repugnant to the laws of the land,
to make, have and use b common seal.
and the same to alter at will; TO sue and
be sued, plead and be-. impleaded in apy
court OF this State, to purchase and hold
any land, tenements or hereditaments.
goods or chattels, which may be neces
sary, connected With, or conducive to.
the purposes TOR which said company
IS established, and to sell or mortgage
the same.
SEC. 4. That if any certificate or pub
lie notice given by the officers OF said
company, in pursuance of the proyi-
slons OF this ACT, is false in any material
representation. all the, officers who
signed the same, knowing it to be false.
shall be jointly and severally liable for
all debts' of the company contracted
while they were stockholders or officers
thereof.
SEQ. b: The said corporation shall not
go into operation until twenty thousand
dollars OF the capital stock shnll be paid
IN gold or silver, or United States Trea-
sury notes. or notes Of national banks.
The personal liability of the stockhold.
ers for the debts or liabilities Of said
corporation shall be limited to til g am omit
Of stock subscribed by them. ..., x
Dec. 8. Tbis Act shall he deemed a.
public Act. and shall continue in force
for twentyone years.
Approved February Is, 1872.
AN ACT TO PROVIDE THE MANNER FOR on.
TANNING THE RIGHT OF WAY WHERE LANDS
ARE SURROUNDED BY OTHER LANDS.
eSEcuoN /. Be Il enacied 5v Me Senate
ana House Of Representatives. of Me .Stote
Of South Caroltna, no,o met and sinino in
General Assembly, ard by HE authoriiv of
NE same, That where any person or Der.
sons owning lands surrounded by lands
OF other person or persons, through
which there is no right Of way or high
way, are authorized. as hereinafter pro.
vided, to construct Highway or road
through suoh lands to the nearest HIGH.
way there existing.
SEC. 2. II the owner or owners of
suoh surrounding lands shall signify his
or their refusal to the opening OF a high
way through such lands without previ.
Gus compensation. the person or persons
requiring such right of way shall give
ten days notice. in writing, to tho per-
son or persons, through whose lands
snoh right OF way ia required, OF his in
sention 10 establish snch right of way.
naming in suoh notice person who viii
aot as referee for him in the location
thereof, and said owner or owners shnll
within ten days thereafter, appoint o re.
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