The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-04-13

| name and style OF the 'Mefcnenb ooinunes
Trust and Loan Association, ofAikeu, Soath
Carolina The capital sto,k ofissid sssocia-
ton shall consist OF twenty-five hundred
! shares, to be paid in y .sucoeasive monthly
I instalments.ot one dollas on each share, 80
long as the corporation shall continue; and the
said shares to be hald. Observation-Disclosures
and pledged, and the holders thereof to be
subjectto such regulations, for defaults Ia
their payments, as, may be prescribed by tho
by.la7ws created Tor the government ntthe cor
poration.
SEC. q. That the said corporation shall hsTe
power and authority to make any such rules
and bylaws for it's government as are not re-
~pugnant to the constitution and laws OF the
land; and have such succession and number OF
members and officers as shall. he, o~rdained:aad
chosen, according to the. rules .Srli by-laws
made, or to, be made, by them; shall haze and
keep q common seal, and. alter the same ut
will; may sue and be sued, plead sud he tn
| pleaded, in any ocnrt OF law OF equity Mathis
State; and shall haye ADD enjoy eFerys right
privilege andimmunity belonging Incorporate
bodies, as guaranteed, by the Ayaofd he land.
SEQ. 8. That the .said corporation ishalf bare
power to take, purchase, hold and enjoy real
estate, and to sell and transfer Tho .saufe,iss
may be deemed proper! to. its mambers and
others, on; such terms and on such conditions,
and subject to such regulations a. may boprs-
seribed ,oy the rules and iby-laws: OF said cor
poration.: C..t" ryua tt:s .aaN.:1os.:
SEC. 4. That the funds ot,said corporation
shall be loaned and advancedlt0 its members
and stockholders or Others upon the; security
ofreal and !peronal property, and usediathe
purchase ofreal estate for the benefit ,of its
members and stockholders, on suchtetms, and
on such conditions, and: subjeot:to such Desu-
lations as may, from time 10 time abe pre-
scribedb by The rules and by-lawa Of said cor
poration; and it. shall be lawful. for the said
corporation to hold such; lands, teaments,
hereditaments and personali property n shsal
be mortgagsd or conveyed to them inalgood
faith, by wayof security upon is loans aud
advances, andtmsycssn, alien or othorwise'dis-
pose of the same to its members, stockholders
or others,: as they, from time to timei smsy
deem expedients a hae sgaz3 f5nz i.1a:
SEQ. 8. That all the privileges, rights and
immunities conferred upon any and al.ehsf-
Etered banking corporations lin this sStste. be,
and the same. are hereby, conferred upon the
association hereby Incorporated, and they
shall be, and are hereby, authorized and-enn-
powered to adopt any and all such chsrters.to
facilitate them in carrying on the business
contemplated by the association. .L=ei:Sa'!'a
SEC. 6. That this act shall be deemed 3 pub.
Lie act, and continue in force for the term OF
fourteen years; and the same may be given In
evidence without being specially pleaded:
Approved March LIB. 1872. a so
AN ACT to Incorporate the Traction Steam En-
CINE Company, Of the City Of Columbia.
SECTION 1. Be 1t enacted by the Senate and
House OF Representatives OF the State of South
Carolina, now met and sitting In General sAa.
sembly, and by the authority Of the same:
That Richard Tozer, John Bratton, Edward
Hope, George Summers. T. W. Woodward.
George Dial, J. Mckenzie, s.H Spencer. VIM.
Simons, A. Goodson, W. B. Nash, F.J Noses
Jr., Jas. Davis, S.B. Thompson, and 3 Tar!ton,
together with such other persons who now are.
or hereafter may be, associated with them. be,
and ere hereby, incorporated and declared 2
body polite and corporate, under the name
and style Of the Traction Steam Engine Con-
pany, OF the City Of Columbia. Tor the purpose
Of manufacturing, selling and using the same,
aud also for the transaction Of all such bus;
mess as may be connected with the same.
The capital stock shall consist Of twenty thou.
sand (2O, OOO) dollars, in shares OF. dtty: 1927
dollars each, with the privilege to increase i
to any extent not exceeding fifty Thousand
(60, OOO) dollars, with the consent Of q majority
of the stockholders being frat had and OBJ
tanned. . re. .r,.# .s.taifa
SEC. q. That the said corporation ahal have
such number and succession, Of chcsgSs and
members as shsll be ordained and chosen 20.
cordiug to the constitution, rules and. bylaws
made, or 10 be made, by the said corporation
for its government, and shall have power and
authority to make any such constitution.
rules or bylaws as are not repugnant to. the
constitution and avs OF the land, shall have
and keep a common seal. and alter the same ct
will; shall sue and be sued, plead and be I'M
pleaded in any courtiof law in this State, and
shall have and enjoy all and every right and
privilege incident and belonging to corporate
bodies.
SEC. 8. Shat the said company shall be en-.
powered to purchase, retain and enjoy al such
property, real and personal, as it may possess,
be entitled to, or which snail hereafter be
given, bequeathed to, or in any manner be-
acquired by it,: and to sell, alien or transfer;
the game.
SEC. 4. That the said company shall have the
power to erect machine shops and other build5
ings necessary to carry on the said business:
That they shall have the power to use such
engines in any.part Of the State Of South Gar.
olina, for the purpose of drayage, carrying
passengers or cultivating land, and may use
the same in any corporated city: Provided, No
danger to life or property ensaes: Provided,
That said company shall be liable for the pay.
ment Of any and all damages done to life and
property.
SEC. s. That said company may open books
for subscriptions to the capital stock m the
City OF Columbia, or elsewhere at their disi
c%retion.' '""'
SEC. 6. That the private as well as the cor
porate property. OF the corporators shall be
i..lt. e.. !, 5oIk, nortroo kad for thu nnrn0ra.