The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1884-12-18
r5iH ssEDLAND RAILROAD.

The act to charter the Midland
i Railroad Company, which has passed
4 second reading III both Houses Of
the Legislature. is as follows:
Be it enacted by the Senate and
House OF Representatives Of the State
of South Carolina, now met and sit
ling in General Assembly, and by
the authority Of the same:
SECTION l. That Joseph r. Rob-
ertson. J. Adger Smythe, William
Borneman, Frank f. Taylor, r. W.
Wagener, S. y. Durham. +. J. Pelzer,
George W. Williams, Jr., William A.
Courtenay. +. S. Rodgers. O. F.
Wic:ers, f. 2. Jervey. A. Norden, c
+. Porpenhei,n. A. 7. c.. Cramcr, c..
f. Panknin and G. W. Egan, and
saci other persons or corporations as
| may be associated with them. and
their successors and assigns, be, and
they are hereby, created body po
litic and corporate, by the name and
style Of The Midland Railroad Com
pauy o. South Carolina and by that
name may sue and be sued, plead and
ho impleaded. in any Court OF Law
and equity Ill this State or the United
States; may make bylaws and ap-
point all necessary officers and pre-
suriDe their duties, and may acc'pt.
purchase, hold, lease or otherwise ac-
qujre any property. real or personal.
necessary or convenient to and for
the purposes hereinafter mentioned,
and to use, sell and convey and dis.
pose Of tie same as the interest," oi
tie said company requires; may
make contracts, have and use COM
! mon seal and do all other lawful acts
properly incident to and connected
with said corporation and necessary
and convenient for the. control and
transaction Of its business: Provided.
That tEeir bylaws 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 empow-
cred to construct, maintain and op.
crate railroad extending from the
City Of Greenville to the City of
Charleston by the most direct and
practicable route, that is to say, by
way Of tie Town Of Laurens in the
County of Laurens, the Town Of New
berry in the County Of Newberry,
through the Counties of Lexington
and RicLland by way Of the City Of
Columbia, through the Counties Of
Richland, Lexington and Orangeburg
by the way Of the Town Of Orange
burg, thence through the Counties of
Colleton, Berkeley and Charleston to
and into the City Of Charleston.
That the said Midland Railroad must
so construct its road that it shall not
cross the public road, commonly
called the Meeting street road, within
six miles Of the City Of Charleston.
And the said company shall have the
power to extend the said railroad to
auy point on the boundary line be.
tween this State and the State Of
North Carolina as the SAID company
may hereafter determine.
SEC. 8. That the capital stock Of
said company shall be Ave hundred
thousand dollars, in shares Of one
hundred dollars each. with the priv.
ilege from time to time Of increasing
the capital stock in such\amourts as
said company may by majority vote
Of the stockholders determine, to
carry out the purposes Of this Act,
said capital stock not to exceed,
however. the sum Of four million dol
lars. and such shs:es to be transfera-
b;e in such manner as the bylaws
may direot. That when the sum OF
one hundred thousand dollars shall
have been subscribed to the capital
stock Of said company, the said cor.
porstoFs, or majority OF them, saall
within q reasonable time theresfter
appoint q time and place for the
meeting Of fsaid stockholders, Of which
thirty days notice shall be given in
such newspapers Of the State as they
may deem necessary, at which time
and place the said stockholders may
proceed to the organization Of said
company by the election of presi.
dent and ten directors, who shall hold
their Offices for one year and until
ths:e SUCCESSORS are elected, which
shall be the first board Of directors,
and which board may in their by
laws prescribe the time and manner
Of holding their subsequent annual
elections for president and directors.
subject TO the approval Of the stock
holaers at their ensuing annual meet
ing. ... ..
SEC, 4. That for the purpose OF
raising the capital stock Of the said
company hereby Incorporated, it
small be lawful to open books OF
subscription at such times and places,
and under the direction of such per
sons as the said corporators may ap.
point, and that said subscription to
! said capital stock may be made in
land, money. bonds, machinery, ma
terials and work at such rates as may
be agreed upon with said company;
and said company shall have power
to mortgage it's property and fran
cbises, and issue bonds on such terms
and conditions and for such purposes
and uses Of said corporation as the
said company may from time to time
deem necessary.
SEC. 5. That the said railroad com.
pany shall have every right, power
and privilege necessary for the pur-
pose Of acquiring such lands or
rights Of way as they may require for
| +he Location or CONSERVATION of said