The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-03-26

following important Acts are published
as information:
SPARTANBURG AND AsHEv1L1g RAIL.
ROAD COMPANY. That from and after
the passage of this Act, it shall be law.
tul for any County, town or city in this
State Interested in the construction of
the Spartanburg and Asheville Railroad
IN South Carolina, or any branch
thereof, to subscribe to the capital stock
or SAID company, or of any company
with which it may consolidate or unite,
such sum, to be payable in such manner
as the people or the proper authorities
OF such County, town or city shall deem
best. determine and authorize: Pro-
| rhfed, That the amount of stock to be
subscribed shall not exceed five per
cent. CT tue entire valuation of the Ell
si1e property vi tho County, Town Or
oity SO subscribing: Provided further,
That the County, city or town subscrib.
ing under the provisions OF this Act to
the capital stock of tho said railroad
company. shall have issued to the said
County, city or town preferred stock in
said railroad company to tho amount of
snid subscription That it shall be the
duty Of the County Commissioners Of
such County, for their respective Coun-
ties. and the proper authorities Of such
town or city, for their respective towns
| and cities Interested in the construction
OF the rond aforesaid, upon tho petition
of 100 legal voters of euch County, or
twenty-five legal voters OF such town or
city, to submit The question of suhscrip.
ton or no subscription, and the sum or
sums to ba subscribed to the said capi-
tai stock. to Il vote of the qualified
voters Of such County, town or city;
and to that end. public notice shall be-
given for thirty days previous of the
time and places where and when the
vote will bo taken upon said question of
subscription or no subscription. That
| the County Commissioners Of such
Counties and the proper authorities Of
the several cities and towns which may
vote for subscription to the capital stock
aforesaid, be empowered, as soon as the
said railroad company shall have coul-
piled with the terms of subscri ption, to
havo levied and collected from year to
year on the taxable property of such
County, towr or city, u sum Of money
sufficient to meet the interest accruing
on such bonds rs may be issued to meet
such subscription to the capital stock OF
the said Spartanburg and Asheville
Railroad Company, and to provide for
the payment Of said bonds as they may
fall due. That no stookholder of said
company shall be held liable for the
debts, contracts or acts of said corpora
tion beyond the amounts actually sab
scribed to the capital stock of said com
pany by such stockholders. That the
election to be ordered under tho provi-
sions OF this amendment shall be held
by managers to be appointed by the
County Commissioners of tho respective
Counties. or the town and city authori-
| ties OF their respective towns aud cities,
i'll accordance with the laws and regula-
ton, providing for general elections in
this State: Prouitleti, The returns Of the
polls shall be made to the said County
Commissioners, or proper town or city
authorities, as the case may be, who
shall declare the result.
! FORFEITED LANDS. ETo That in All
cases where lands have been forfeited 20
the State by virtue of existing laws, for
the non-payment Of taxes, prior to the
passage Ot this Act, and where the titles
to said lands still remain in this State
the owners OF said lands, or, if they be
dead. their legal representatives or heirs
ut law, shall have the right, and thoy
are hereby authorized, to redeem the
same, upon the payment Of oil taxes,
costs and penalties due and owing upon
the same within twelve months after the
ratification OF this Act; and the County
Auditor Of those Counties where such
lands are situate, upon the payment Of
snoh taxes, costs and penalties within
the time herein limited, shall expunge
the sail lands from the forfeited land
records of their respective Counties:
Prori1rd. That if the owners Of said
lands, or, ii they be dead, their heirs ut
law or legal representatives., shall fail
within the time limited 10 redeem said
forfeited lands rs hereinbefore pre-.
scribed, then any judgment creditor
mortgage. or other person interested
in said lands, is hereby authorized to
redeem the said forfeited lands within
three mouths after the expiration of
the time limited for the owners or heirs
OF such person to redeem them, upon
the same terms and with the same rights
as are accorded in the provisions Of this
ACT to owners, or, if they be d.ad. thcr
legal heirs or representatives. That it
shall be the duty Of the County Auditor
Of each County, after the time Shall
have expired provided in this Act for
the redemption Of lands which have