The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1879-01-30


company.
SEC 6. That upon payment Of the said
suin &: moncy, ,he cta-.e. or the said
company and the right which it has here.
tofore had TO dig, mine and remove phos-
the bed, Of the navigablc streams and
water. of the State be, aud the same are
hereby, confirmed: Provided, That moth
the said company the exclusive right to
mine in any of said streams.
SEC. T. That the said company be, and
it is hereby, authorized 10 reduce its
capital stock 10 fifty thousand dollars
whenever q majority Of the stockholders
present at any genera. meeting of the
board OF directors by their authority shall
determine. That upon such reduction in
the capital stock being made, the sa;''
companies shall have power to call in all
outstanding certificates of stock and TO
issue new certificates TO the amount Of
the reduced capital, which shall be di.
vidcd among the siockliOdcrs in proper
tion to the shares held by them in the
capital stock Of the company at the time
Of such call From and after the day
fixed for such reduction, no one shall be
considered or held To be a stockholder Of
said company until he shall have surrcn-
dcred his old certificates and received
new certificate in lieu thereof.
SEC. 8. That after the said reduction
shall be completed, the said company
may increase its capital stock to an
amount not exceeding two hundred and
fifty thousand dollars, and books may be
opened tor the purpose 81 obtaining sub
scribers to such increased capital stock in
such manner as the com pany may deem
expcdcnt
SEC 8. That the comptroller. general
be, and is hereby, required from time to
time 10 inspect the works and examine
into the workings of all companies or in
dlviduals digging, mining or removing
phosphate rocks or phosphate deposits
from any of the navigable streams or
waters OF the State under any grant or
license of the State, and whether the ter
ritory occupied by such companies or in-
dividuals are being developed to the best
interest of the State, and that he report
the result of such examination to the
General Assembly ut its next session,
and thereafter annually.
SEC. 10. That the Governor be, and he
is hereby, authorized to app oint special
Inspector, whose duty it shall be 10 super
wise and inspect all navigable rivers and
streams of this State containing phos-
phatc rocks or phosphate deposits, and
the work OF all persons and bodies cor
porate mining or gathering therein such
rocks or deposits under license or other
wise, and TO protect the interests of the
State therein, not only by preventing un-
licensed persons to dig, mine or remove
said rocks aud deposits from any such
streams and rivers, but also in securing
prompt and accurate returns Of the guam
tity dug, mined or removed, and the pay
ment OF Nil royalty thereon.
SEC. ii. That for such services said in
spcctor shall receive the salary of twelve
hundred dollars per annum, payable out
OF the phosphate royalties.
SEC. II. That said inspector shall have
his principal Office in the Town of Beau
fort, but that he shall not confine his
operations to any special locality.
SEC. IL. That a commission, consisting
OF three persons, shall be appointed by
the Governor, who are hereby authorized
and empowered: and whose duty it shall
be, to inquire into the rights and inter-
ests OF the State in the phosphate rocks
and phosphatic deposits in the navigable
waters, streams ami marshes or tit state,
and to report to the General Assembly
ut its next meeting, and ut the same time
they report the best system that can be
adopted in the present condition of the
subject for the protection of the rights of
the State and the granting of rights to
dig, mine and remove the phosphate
rocks and deposits from the said navga-
BILE waters, streams and marshes of the
State. That the compensation of the
members of the commission shall be five
dollars per diem, not to exceed ninety
days.
AN ACT in relation 10 lands forfeited to
the State fnr non payment of taxes.
BE ii enacted by the Senate ard 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 i'll all cases in which
sales of land under an act entitled IAN
act in relation To forfeited lands and the
redemption of the same, aud to lands no,
heretofore placed on the tax duplicate, y
approved March lst, 1873, have been
suspended by competent authority, the
printers charges, as now provided b,
law for advertising such sales, shall be
paid Gy the county treasurer Of the
county in which said lands are situated
on the order of the county commission
ers, out of the county funds.
SEC. 2. That all sales Of forfeited land
not yet made under .aid act be postpon
ed until the first Monday in September
1879, until wh,t time the privilege q
redemption is extended to the parties il
interest, upon the payment by them o
one-half of the simple taxes ofthe fisca
! yc r1S76, 1877 and 1873, without cost
or penalties.
SEC .3. That in all cases where real es
tate has been offered for sale and not col,
under the provisions of said act, or ma,
hereafter be offered for sale an hereinbe
fore provided for, and not sold sor wan
of bidders, tho original owner, or person
claiming under them. may have said re,.
estate restored to them, freed from all liel
or encumbrances rising from. said non
payment of taxes, or said forfeiture
upon the payment of one-half of the sim
pie taxes Of the fiscal years nf 1876, 1877
and 1873: Provided. said payment shal
Je made before the 3lst of October, 1875
and the real estate thus redeemed shall
revert 10 the person having the lega
title thereto, subject to the claims Q
third parties having an interest therein
In the same manner rs If no forfeitur
had taken place.
SEC. 1. That the payment oftaxes here
inbefore provided for shall be made il
national bank notes. United States treas
ury notes or in gold or silver coin, an
the privileges of this act are given sole
~ upon this condition.
| Sec. s. That auditors are required t,
compare their forfeited land book wit
their tax duplicates, and when it Is ap
parent or made to appear that e.,sre ar
lands upon said forfeited list upon whicl