The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-03-27
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FEE et1hfs Pt s6uth Carolina.

49, fOaO ~okoS AesoiuNonS Passed by
tho General Assembly, 1t she sessfon or
l658-53.
Az ACT TO ENCOURAGE AND PROVIDE FOR
THE INCORPORATION OF AGRICULTURAL
AND MECHANICAL SOCIETIES AND Asso-
QIAI1oHs FOB THB PROMOTION OF THE
ARTS And so1RNCRs.
BsH eNaced 1y tho Senate and House of
kepressntdfires of he STATE OF South Caro-
INA. noD n'ee and sitting in General As.
ss1,b.y. and By ass authority Of the same:
aHRorIoN That seven or more per-
SOUS Within sdis 6tste, having associated
thenseiyea BY agreement, in writing, for
sue promotion Of agriculture, mechanics
and other industry and ingenuity, and
Tor the encouragement of the arts and
sciences, or for any OF these purposes,
ander any name by them assumed, and
upon complying with the provisions of
this ACT, shall, with their SUCCESSORS, be
deemed body politic and corporate.
SEQ. 2. The purposes OF such corpo-
ration, and the place where it is estab-
llshed aud located, shall De distinctly
specified iu its articles OF association.
which articles, and all amendments
thereto, shnll be recorded in the Office of
the Register Of Mesne Conveyances for
tue County wherein such place is stu
stcd, and such corporation shall appro-
pirate its funds to no other purposes.
T SEC 3. Such corporation shall have
perpetual succession Of officers and mem.
5ers, aud common zeal, with power to
change, alter, break and make new the
same, as often as 1t shall judge expedi.
tS1 Ms I'D il siiaiii 30 capable In law to pur-
Chase. have, hold, receive, enjoy, pos
seas aud retain TO itself aud its successors
| and igdl ttassigna. in perpetuity, real or per-
son9i estate, or both, whether accruing
TO The same by gift, purchase. devise or
loonxsyance, not exceeding in value one
hundred thousand dollars; and the same.
or any part thereof, to sell, alien, devise
or exchange, whenever such corporation
may deem proper.
SEQ. 4. Such corporation shsll be lia-
bic and capable to sue md be sued, i'm.
plead and be impleaded, in any OF the
oonts Of this State OF appropriate juris-
diotion; but no stookholder in such COR
poration shall be liable for any OF the
debts or liabilities OF such corporation
beyond the amount of his share or shares
therein.
SEQ. s. Suoh corporation shall be
competent to make all such bylaws and
rules Tor lts government and operations
az may, from time to time, be deemed
necessary, not repugnant to the laws OF
the land: Prouided, That the sarne are
made BY such majority or quorum as
may. by the laws OF ,such corporatiop. be
declared. competent to make the same.
SEC 6. Such corporation NAV hold
fairs and exhibitions, at stated or occa-
slopal periods. and may establish regula-
tons for the preservation OF good order
at sach fairs or exhibitions consistent
with the laws Of the land.
APPROVED February 26. A. D. 1873.
AN ACT TO ADVOCATE AND s1NK ALL THAT
PORTION OF THE DEBT oFsTHH STATE OF
- SOUTH CAROLINA INCURRED IN AID OF
THE LATE RRDELLIoN AGAINST THE
UNrrRD STAIRS.
Whereas Article XIV, in amendment
OF the Constitution of the United States.
in Section 4 thereof, among other things,
enjoins that neither the United States
nor any State shall assume or pay any
debt or obligation incurred in aid of in
surrection or rebellion against the
United States. or any claim for the loss
or emancipation Of any slave. but all
such debts, obligations and claims shall
be held illegal aud void; and whereas
the Constitution of the State OF South
Carolina, in Article TX, Section l9, en-
joins that no debt contracted by this
State in behalf OF the late rebellion, in
whole or in part, shall ever be paid; !;
therefore.
Be 1t enacted by the Senate and House Of
Representatives Of the STATE Of South Caro-.
hnd. nOw met and sitting in General As.
sen,bly. and by The authority of the same:
SECTION l. That all OF the indebted.
ness and obligations whatsoever of the
State OF South Carolina, coming within
the constitutions prohibitions Aforesaid,
as contracted or incurred in aid of the
said rebellion, or which are covered or
described by or under such prohibi-
tions, or either of them. and all autho-
rity for assuming or incurring such in
debtedness or obligations on the part of
the said State, are, oil and singular,
hereby abrogated and declared aud held
to be illegal and absolutely nullnnd void.
SEQ 2. All such indebtedness an.l OBJ.
legations of tho said State, us nre men
toned in the next preceding section,
shall be Immediately dropped and ex-
cuded from the debt Of this State, aud
shall never be reckoned with nor form
any pnrt of the same.