The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1879-03-06
The Savannah Valley Railroad.

The Savannah Valley Railroad.
Tho following is the full text of the
Act to charter the Savannah Valley Rail-
road Company, approved on the 18th of
March, 1878, and as amended by the last
Legislature:
Be it 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 w. W. Humphreys,
Stephen McCully, A. T. Broyles, ]. S.
Murray, B. F. Whitner, S. Bleckley,
E. M. Rucker, j. G. G. Featherston,
Edwards B. Murray, DR.. R. F. Diver,
J. w. Norris, T. A. Sherard, J. H. Reid,
]. T. Barnes, D. l.. Hall, w. J. Milford,
David Sadler, B. A.. Davis, Elias J.
Earle, Levi Burriss, Kenon Breazeale,
J. Y. Fretwell, Joshua Burriss and Will
liam O'Briant, of Anderson County, and
James NJ. Latimer, ST., J. B. Moseley, ].
P. Young, T. Baker, George S. Burdett,
J. B. Leroy, S. S, Baker, DR.. ]. T. Bas-
kins, DR.. NJ. G. Taggart, A. ]. Clink,cales,
w. B. Clinkscales, S. j. Hester, Edward
Calhoun, Fl. Fl. Harper, w. D. Mars, NJ.
O. Tolman, w. K. Bradley, DR.. T. A.
Wideman, G. Cade and Thos. Thompson,
Esq, of Abbeville County, and such
other persons and corporations as may
be associated with them, and their sue
cessors and assigns, be, and they are
hereby, created body polite and corpo-
rate, by the name and style of 'The Sa-
yannah Valley Railroad Company" and
by that name may sue and be sued, plead
and be impleaded, answer and be an
swered unto, in any Court of law and
equity in this State or in the United
States; may make bylaws and appoint
all necessary officers, and prescribe their
duties, and may accept, purchase, hold
and convey any property, either real or
personal, necessary for the purposes here
matter mentioned; may make contracts,
have and use common seal, and do all
other lawful acts properly incident to and
connected with said corporation and ne
cessary for the control and transaction of
its business: Provided, That their by
laws be not repugnant to the Constitution
and laws of this State or of the United
States.
SEC. 2. That the said company be, and
is hereby, authorized and empowered to
construct, maintain and operate a rail-
road extending from the town of Ander-
son, South Carolina, with the privilege
of connecting with the Blue Ridge Rail-
road at that point, by the way of
Lowndesville, to the city of Augusta, in
the State of Georgia, or to connect with
the contemplated Greenwood and Au-
gusta Railroad at such point on the said
railroad as may be found most suitable.
SEC. 8. That the capital stock of said
company shall be one million Of dollars,
in shares of twenty dollars each, with
the privilege of increasing the capital
stock to such an amount as may be found
necessary to carry out the intention and
purposes of this Act, and the shares shall
be transferable in such manner as the
bylaws may direct: Provided, That
when the sum of fifty thousand dollars
shall have been subscribed to the capital
stock of said company as hereinafter di-
rccted, the said corporators or majority
of them shall, within reasonable time
thereafter, appoint time and place for
the meeting of said stockholders, of
which thirty days notice shall be given
in such newspapers Of this State rs they
may deem necessary at which time and
place said stockholders may proceed to
the organization of said company by the
election of President and nine Direc-
tors, who shall hold their offices for one
year and until their successors are elec-
ted, which shall be the first Board of
Directors, and which Board may, in their
bylaws, prescribe the time and manner
of holding their subsequent annual cleo
tions for President and Directors, subject
to the approval of the stockholders at
their ensuing annual meeting.
SEC. 4. That in all conventions of the
stockholders of said company, such city
or town, County or township as may SUBJ
scribe to the capital stock thereof may
be represented by not less than three nor
more than five delegates, who shall be
chosen by a convention OF the taxpayers
of such city or town, County or town
ship; private stockholders representing
their own stock in person or by proxy
duly executed.
SEC. 5. That for the purpose of raising
the capital stock of said company, it shall
be lawful to open books for private sub
scriptions at such times and places and
under the direction of such persons as
the said corporators may appoint, and
that said subscriptions TO the capital stock
may be made in money, bonds, lands,
material and work at such rates MS may
be agreed upon With said company; and
tho said railroad company shall have
pnucr 10 mortgage its property and fran
chiscs and issue bonds on such terms and
conditions and for such purposes and uses
of said corporation rs the said company
may deem necessary.
SE,. f. That in addition IN the DrO-