The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-03-30

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". Milton, VIM. <H Brawley, John Lee,
Q. 0.MeOoyS J.sEHAgufsii John lilly
and'Bs G. 9ocung apd tfek 4soaistes
and sGecessofS, arg Hereby Constituted
body politic and -coFporats, by. the name
and stylso the e,tNewberrg. and Chester
Railroad Company,
hereby authorized to construct railroad
from the town Of Newberry to the town
Of Chester, OF Whatsoever gauge and on
what line may he. practicable; and for
the purpose of raising the capital stook
OF the said company, which shall not ex.
ceed two millions OF dollars, in shares Of
fifty dollars each, books may be opened
in the town OF Newberty, by r. L.
Mclaughlin, ". G.. Mayes and II. Q.
Oorwin, and in the town Of Chester, by
John L. Agurs, John J. Mcclure and
VIM. II. Brawley, at such times aa they
may think best, OF which due public no.
tice shall be given by, advertisement in
the newspapers of the respective Couu-
ties through which said road may pass.
SEQ. 3. That on each share of steck
subscribed. the snbsoriber shall pay to
the Commissioners receiving suoh sub
scription the sum OF FIVE dollars: and
when the. sum ofetwentyraye thousand
dollars shall be subscribed. the said com.
pany may meet npd organize at such
time and place as may be designated by
majority OF the Commissioners herein
named. due notice having been fist
given Of the time AID place Of such
meeting In newspapers published in the
county: OF Newberry and the County OF
SEC 4. That for the ,r purpose PC, sa Of oraa- "a
nizing and forming the COMPANY, all the
powers conferred by the Chatter OF the
North eastern Railroad Company on the
Com missioners therein named, shall be
vested in the Commissioners named in
this Act; oil the powers rights aud pri.
vileges granted by the charter. and the
amendments thereto, Of the North east.
ern Railroad Company, to that COMPANY.
| shall be. and the same are hereby: grant.
ed to the Newberry and Chester Railroad
Company, subject to the n conditions
therein named, except as.to the anon pt
| OF capital stock, the snnn necessary to
authorize organisation. and except 60
far as the special provisions of this Act
may otherwise require the eame to be
modified or varied:' Provided, That said
road shall be subject to the provisions 9
ot an Act entitled "An Act 10 declare
tho manner by which the lands or the
right Of way over the lands OF persons or
corporations may be taken for the 90 q.
struction and uses Of railways and other
works OF internal improvement" ratified
September ~. .Apno Domini 1868: Pro
oided. furttsr, That nothing herein con-
tanned shall be go construed as to exempt
the said company from the payment of
taxes, or to exempt them from the pro.
visions Of Section l, Chapter LXIII of
the General Statutes; and such company
is hereby further auth orized to receive
subscriptions to its capital stock in
lands or labor, as may be agreed upon
between said company and such sub
scribere.
SEQ. 5. This Act shall be deemed O
public ACT. and shall continue force
Tor twenty-one years: Propided. This
road shall be commenced within three
years and completed within seven years
from the passage OF this Act. ,r.I
APPROVED February 27, 1873.