Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1872-04-25


and enjoy altsandaevery. right and
incident ssnd belonging to
bodies, ! according to the
laws Of the hnd. ussssss
Is sEois. That thgfdnds Of said cor
pcoration may beg invested in such
real or personal, and secu-
rites, public or private, loaned to
shareholders and members, or other
persons or corporations,s spn such secu'
rites, in such mode, ON sach. tormst
under such conditions and subject to
such regulations as may be, from
time,to time. prescribed by the con-
stitution, rules and bylaws OF the
said corporation and that it shall
and may be lawlul' for said corpora
ton to take and hold such lands, ten.
ements, hereditaments and personal
property, bonds, stocks, public and
private, and chooses in action as they
shall acquire by purchase, devise, be-
queath, gift, assignment or otherwise,
to h take and hold such lands, tene.
ments, hereditament, and personal
property, and such stocksand bonds,
public or private, or chooses in action.
as shall be mortgaged, conveyed, as,
signed. .or pledged to it,. by way OF
security upon its loans or advances,
or purchased at sales thereof; and to
sell, alien, transfer or otherwise dis
pose of the same, as from time to
time, the said corporation may deem
expedient Provided, That the real
estate held by said corporation shall
not at any time exceed the value of
two hundred thousand dollars; that
the real and personal property OF
each stockholder and assigns shall be
liable for the debts of said corpora
ton in any amount not exceeding the
par value OF the stock held by him.
Sec. 4. That semi:annually, on the
first days of January and July, there
shall be divided, amongst the stock
holders of the said corporation, the
profits accruing from the investment.
Sec. 5. That this Act shall be ia.
ken and deemed a public Act, and
that the same may be given in evil
dence without being specially pleaded.
Approved March l3, 1872.
AN ACT to Incorporate the Traction
Steam Engine Company, Of the
city Of Cct%aa6ia. .s.sss. Liz
SECTION, !. Bea enacted by the
Senate and House Of Representatives
Of the State Of South Carolina, now
met and sitting in General Assembly,
and by the authority Of the same
That Richard Tozer, John Bratton,
Edward Hope, George Symners, I. w.
Woodward, George Dial, J.. Mckenzie,
S. H.;Spencer, Vim. Simons, A. Good
son, w. B. Nash, +. j. Moses, Jr.,
VIM. Green, Jas. Davis, S, B.. Thomp.
son and. R. Talleton, together with
such other persons who now are, or
hereafter may be, associated with them
be, and are hereby, incorporated and
declared a body polite and corporate,
under the name and style of the lrac-
ton Steam Fire Engine Company, Of
the city of Columbia, for the purpose
of manufacturing, selling and using the
same. and also for the transaction Of
all such business as may be connected
with the same. The capital stock shall
consist of twenty thousand ESQ, ,QO0)
dollars. in shares of fifty $500 dollars
each, with the privilege to increase it
to any extent not exceeding fifty thou
sand (s5O,OOO) dollars, with the con.
sent of a majority of the stockholders
being first had and obtained.
SEC. 3. That the said corporation
shall have such number and succession
of officers and members, as shall be
ordaihed and chosen according to the
constitution, rules and bylaws, made
or to be made, by the said corporation
for its government, and shall have pow
er and authority to make any such
constitution, rules or by laws as are
not renupnant to the Constitution and
laws of the land shall have and keep
a common seal, and alter the same at
will shall sue and be sued, plead and
be impleaded, in any Court Of law in
this State, and shall have and enjoy all
and every right and privilege incident
and belonging to corporate bodies.
SEC. 3. That the said company shall
be empowered to purchase, retain and
enjoy all such property. real and per-
sonal, as it may possess, be entitled to.
or which shall hereafter be given, be-
qurathed to, or in any manner be &C.
CURED by it, and to sell, alien or trans
fer the same.
SEC. 4. That the said company shall
have the power to erect machine shops,
and other buildings necessary TO car
ry on The said business. That they
shall have the power to use such en-
gihcs in any part Of the State Of South
Carolina, for the purpose of drayase,
carrying passengers, or cultivating land,
and may use the same in any incor-
porated city: Provided, No danger to
life or property ensues:: Provided,
That said corporation shall be liable
for,the payment of any and all dam
ages done to life and property.
SEC. 5. That said company. may
open books for subscriptions to the
capital stock in the city Of Columbia,
or elsewhere, at their discretion.
SEC. 6. That the private, as we'll as