The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-04-23

ASes una JOINT heso4uttons Passed by the
General Assembly OF south Carolina.
Regular SessiOIh, 1871 and 1874.
AN ACT TO CHARTER THE GREENWOOD AND
AUGUSTA RAILROAD COMPANY.
SECTION l. Be ii enacted bv the Senate
ana House Of Representatives Of the State
u Soafh Carolina, no,o met and siQi,,o in
General Assembly, and 6v the auhoriiv of
the same, That, for the purpose of estab.
fishing railroad, on the most practica-
BILE 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-
scrlbed. shall have corporate existence as
body polite in perpetuity:
SEQ. 2. That this charter, with the
rights and privileges incidental thereto.
is hereby granted to and vested in J. H.
Jennings, A. M. Aiken, s. P. Boozer.
P. H. Bradley. G. l.. Blair, J. D. Tai.
bert, W. K. Bradley. Mex Merriwether.
J. d. Neill. VIM. L. i'u,ks, J. L. White.
VIM. K. Blake and g. J. Sheppard, Of
the State of South Carolina, and Robert
b. May, Thomas Phinizy. John D. Butt,
Edward Garry, Austin Mullarky, W. A.
Ramsey, T. Jefferson Jennings, Joseph,
i. Smith and VIM. P. Crawford, of the
State OF Georgia. and j. A. Barker, Law
renee Cain, Everidge Cain, T. NJ. Tai.
bert, of State of South Carolina.
Sec. 8. That for the purpose of rails.
ing the necessary capital stock of said
company, 1t shall be lawful to open
books OF subscription, in the State of
south Carolina. in the Counties of Able.
vile and Edgefeld; and in the State of
Georgia, in the Counties of Richmond
ahd Columbia; and in suoh cities and
towns as may be deemed for the best in
.erest OF the corporation, under the
amount not exceeding one million dol.
lars (S1, 900. .000,) in shares of twenty
dollars ($20) each, to constitute a Joint
capital stock, for the purpose Of con
structing and carrying into operation ther
aforesaid railroad, or any part thereof.
And it shall be the duty of the said COR
porators. or majority Of them, to opan
books OF subscription as soon after the
ratitication of this Act as may be praoti-
cable. OF which twenty days previous
notice must be given in any Newspaper
or newspapers of the States aforeaaid.
and the subscription books shall be kent
open TOR sixty days; that on each share.
OF stock subscribed, the said subscrihera.
shall pay two dollars, 1921 or its eouiya-
lent. IN currency, to the oorporators.
who shall give certificate for the same:
and on ths non-payment Of said install
ment, the subscription shall be void:
the corporators shall deposit the money
received by them on said cash install.
ments III solvent bank, in any of tha
States aforesaid. and Mt the expiration of
every thirty days. That when the ann
OF one hundred and fifty thousand dol
lars (S15O, ,00W are subscribed, the said
corporators, or majority of them, shall
give notice Of the time and place of
neatlng for organization in some pnhlio
newspaper in each of the States afore-
said. But II the sum Of ono hundred
and hlty thonsnnd dollars $3.50, O,OOOA
shaii not be subscribed within the first
appointed time, the said corporators
may. for the purpose OF further snh.
scrlptions to the capital stock, keen the
books open for such time, and at anon.
places, ms they mny deem proper: Pro-
citled That tho corporAturs shall not
keep the books open for II longer period
than one year, at the ex piratioi, of which
time the right TO solicit and receive sub.
scriptlons shall vest in t ), President and
Directors Of said company.
SEC. 4. Whenever the said sum uf ono
hundred and fifty thousand dollars
lSl50, O0O) is subscribed, in the manner
herein prescribed. the subscribers. their
executors, administrators and assigns.
shall be, and they are hereby. decia red
to be incorporated into q company. bv
the name OF the Greenwood and An.
gnsta Railroad Company" and NAV,
organize ns herein provided.
SEQ. D. The said company, by Its name,
above mentioned, shall have perpetnal
succession OF members, shall hold real
and personal property, may sue and bo
sued, may plead and be implended, NAV
have and use common seal, which thew
may break and use at pleasure, and
make all such bylaws, rules and reeuln-
tlons as they may deem necessary for the,
well. ordering and conducting the affairs
of the company.
SEC. 6. At the first meeting Of The
said company, to be called by the oorpo.
rators, as above stated, and at all snbse.
quent meetings, n shall be lawfnl for.
any stockholder to be represented bv
proxy, whose appointment shall be in
writing, signed by such stockholder: bnt
person not q stakeholder shall not rem
refent such proxy. A majority of two.
thirds of the stockholders present. or
represented by proxy, are empowered to