The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1872-06-26

thereof, to sell, alien or convoy. at
their will and pleasure: Provided,
That the property so held shall not
exceed the annual value of fifty thous.
and dollars; and the said corporation
shall have power to make q common
seal, with power to change and alter
the same as often as they shall deem
necessary.
Sec. 2. That this Act shall be deem.
cd and taken to be public Act, and
shall continue in force until repealed
Approved March 13, 1872.
AN AT to Dccllre Public q Certain
Road in the County of Orangcburg
Be- it enacted by the Senate and
House of Representatives Of the State
Of South Carolina, now met and sit
ting ii, General Assembly, and blythe
authority Of the same,
Thata certain road in the County
of Orangcburg, leadi g in a north.
e:lsterly direction from the town Of
Branchville, to what is known as the
Old Oangeburs Rond, be, and the
Same is hereby, declared public.
Approved March 13, 1872.
AN ACT to Authorize the Formation
of, and to Incorporate, the Laurens
and Asheville Railroad.
Section l. Be it enacted by tie
Senate aid House of Representatives
of the State of South Carolina, now
met and sitting in General Assembly,
and by the authority of. the same:
That ]. r.; Fowler. William Mills,
Lanson Owens, Samuel Fleming. WIN,
II. Langston. Y. J. P. Owens, J
Crews, W. Il. Earlc, Thomas NJ. Cox
Alexander lsaacs, Wilson Cook, Alex
McBee, Ii. P. Hammett, L. Williams,
Hewlett Sullivan, James P Moore,
and their associates and successors
BIO, and they are hereby, declared i
body polite and corporate, under the
name and style Of the Laureus and
Ashevillo Railroad Company, for the
purpose Of constructing railroad
from. the town of Lourcns to the town
of Grcenville. and thence towards
Ashevile, N. c., by the most direct
and possible route.
Sec. 2. That. for the purpose ol
raising the capital stock OF said com.
pany, it shall be lawful to open books
ut the town Of Laurens, under the
direction of J. R. Fowler, William
Mills, Lanson Owens, Samuel Flem.
ing, WIN. II. Langston ". p Owens
and J. Crews; at tho town Of Green.
vile, under W. E. Earle, Thomas N,
Cox, Alexander Isaacs. Wilson Cook
Alex. McBec, II. P. Hammett, L. vii.
liams, Hewlett Sullivan and James P
Moore; and at such other places, in
the Counties Of Laurens and Green.
vile, and under the direct on Of such
other persons, as tho Commissioners
in the respective Counties herein above
hamed may designate, for the puf'
pose of securing subscriptions to an
amount not exceeding two million
FIVE hundred thousand collars, in
shares of one hundred dolla, each, to
constitute q joint capital stock for the
purpose Of constructing and carrying
INTO operation the said railroad; and,
on each share of individual stock, the
subscrib, ,rs shall pay to the Commits
sioners, who shall be authorized to
take the same, the sum of five dollars,
lawful money of the United States.
SEC. 2. That. when tho sum of one
hundred thousand dollars shall have
been subscribed in tho manner before
specified, the subscribers shall be, and
they are hereby, declared o body co..
poratc, to be known by the name and
style of tho Laurens and Ashcville
Railroad Company, and may meet
and organize said company, at such
time and place as may be designated
by the Commissioners for the town of
Laurens hercinbefore named.
Sec. 4. That, for the purpose of or
ganizing said company, all such pow
crs as are conferred by the charter of
tic Grcenville and Columbia Railroad
Company on the Commissioners at
GreenviIIe shall be, and arc hereby,
conferred on tho Commissioners here
in appointed, at the town OF Laurcns;
and all the powers, rights and privi-
leges granted by the said charter, and
its amendments, 10 the Greenville and
Columbia Railroad Company shall be,
and they arc hereby, granted to the
Laurens and Ashcville Railroad Com:
pany, and subject to like restrictions
as arc therein contained, except rs to
the capital stock, the sum necessary
to authorize organization and the
amount Of shares except SO far as may
b. necessary to conform to the special
provisions of this Act: Provided,
however, That nothing herein con-
taincd shall be so construed rs to bind
the State to subscribe stock in said
company, or make any appropriation
to enable the said company to build
said road, or in any manner 10 loan
tho credit of the State thereto.
Sec. 5. Tha. it shall bo lawful for
any County, township, town or city
in this State, interested in the con-
strnction of tho said railroad. to sub
scribe to tho capital stock of said
company such sum as the majority OF
the voters of such County, township,
town or city may authorize their con.
stituted authorities to subscribe; and
the Chairman Of the Board of County
Com missioncrs of any County, or the
Mayor or Intendant Of any town or
city in this State, when instructed by
resolution of u convention of tax
payers of such County, township,