The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1874-04-23
AN ACT TO AID AND ENCOURAGE MANUFAC-
TURES.

Be 1T enacted, by the Senate and House of
Representatives of the State of South Carolina,
now met and sitting in General Assembly, and
by the authority of the same:
SECTION l. That for the purpose of inducing
the investment and employment OF capital IN
the manufactures of cotton, woolen and paper
fabrics iron, lime, and of agricultural imple-
ments, any individual, or association of indi-
viduals, who shall hereafter invest capital in
the manufacture of cotton, woolen or paper
fabrics, iron, lime, and of agricultural lmple-
ments, within this State, shall be entitled to
receive from the treasury of the State, annual
ly, sum equal to the aggregate amount of
State taxes, ess two mills to be used for school
purposes, which shall be exclusively so ap-
plied,) which shall be levied and collected upon
the property of capital employed or invested,
directly and exclusively in such manufactures
or enterprise, the said sum of money to be fixed
and determined by the Comptroller General OF
the State, in accordance with the tax returns,
and to be paid by the State Treasurer on the
warrant of the said Comptroller General.
SEC. 2. That it shall be the duty of all coun-
ty treasarers and of the treasurers of all mu-
nicipal corporations, which are by law author
lied to levy and collect taxes, to pay to tie
individuals or association of individuals, de-
scribed in the first section of this act, sum
of money annually, equal to the aggregate
amount of county or municipal taxes levied or
collected during any year upon the property
or capital described in the first section of this
act.
SEC. 8. That the provisions of the first sec
ton of this act shall apply exclusively to in
vestments made hereafter, and shall not operate
unit! satisfactory proof or evidence shall have
been presented to the Comptroller General of
the State, that the property or capital for
which the benefits of this act are claimed have
been actually employed, paid in, or invested in
this State: Provided, That nothing herein con-
tained shall apply to enterprises enumerated
| in this act commenced within the last twelve
months and not yet completed; and, provided,
further, That nothing in this act contained
shall be 30 construed as to exempt from taxa
| ton the lands upon which said factories may
be erected.
SEC. 4. That the manufacturing enterprises
enumerated in the foregoing section of this
act, which have been completed since the first
day of January, 1872, or any improvements
made or added to any that were built at the
time of the above named date, and all vessels
| of one hundred tons measurement, or upwards,
built and owned within this State, shall come
under the provisions of this act, and be entitled
to all the benefits thereof :,
SEC. 5. That the benefits of this act shall
extend to the property and capital designated
in the first section of this act for period Of
ten years after the commencement, or extension
of such manufactures or Improvements, and nc
longer.
Section 6. This act shall take effect on and
after its passage, and shall remain in force
until repealed.
Approved December 20, A. D. 1873.