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

OF TdliEOaOS III vi OOG VI ViiiS SessVS 49,
such manner and upon such terms as
may be agreed between such railroad
companies Provided, That the same
be not inconsistent with the laws of
this State: And provided, further,
that upon the consolidation, purchase
or lease by said company OF any rail-
road now chartered, or hereafter to
be chartered, between any points
through which said railroad hereby:
Incorporated must run under this
charter the route of the other such
railroadsmay be the route OF the said
Midland Railroad Company of South
Carolina between such points in lieu
and stead Of the route hrreinbeSore
established as the route between such
points.
SEC. Z. That the said railroad COM:
pany be, and they are her"iy, authof
rizcd and empowered, by and VITA
the consent OF the City Council Of
Charleston, to construct their track
through one or more Of the public
streets, roads or ways Of the City of
Charleston and to extend the same
to any or all the wbarves in the City
of Charleston Provided. That in such
construction and extension all ne
cessary precautions in executing the
work be taken not to ohstrnct or
otherwise impair the use of any
street or public way through which or
across whic!! the said railroad may
be constructed or extended. .
Sec. 8. The said company is also
authorized and empowered to build,
purchase, own, hold, use. charter, sell,
or otherwise dispose Of, steamships
and sailing vessels IN connection
with their railroad transportation, SO
as to carry on the business OF gen:
eral through coastwise and foreign
transportation to and from any point
on it's own line or connections.
SEC. 9. That the said railroad. COM
panv is further authorized and en-
powered forthwith upon the compile
ton, or requirement by purchase.
lease, or consolidation. as hereinbe-
fore provided, of any portion OF sec
ton Of said railroad between any
points through which the same must
run under this charter, to operate and
maintain such portion or section with
all the rights, powers and privileges
hereby granted this company.
SEC. 10. Each stcckholder in the
said corporation shall be jointly and
severally liable to the creditors there
of in an amount. besides the value Of
his share or shares therein, not ex-
ceeding S per cent Of the par value OF
the share or sshares held by him at
the time the demand Of the creditors
was created: Provided, That such
demand shall have been payable
within one years, Provided, also,
That proceedings &c hold such stock.
holders liable therefor shall be COM
menced whilst he remains stock
holder therein, or within two years
after he shall have ceased to he such
stockholder: Provided, further, That
persons holding stock in such com.
pany as executors, administrators, or
by way Of collateral security, shall
not be personally subject to the iia'
bilities Of the stockholders under the
foregoing provisions; but the person
pledging such stock shall be liable as
a stockholder, and the estates and
funds in the hands Of such exeeu.
tors, or administrators, shall be liable
in their hands. in like manner and
to the same extent as the deceased
testator or intestate, or the ward OF
person interested in suclI trust fund,
would have been ii they had respscs
lively been living and competent to
act and hold the stock in their own
names.
SEC. II. That this Act shall be
held and deemed o public Act, and
the rights. powers and privileges con.
ferred by this act shall vest and con.
tinue IN the said company and, their
successors for and during the term OF
thirty years or until repealed, to be
computed from the time Of the ap.
proval of this act Provided, Thatthis
charter shall cease and determine; un.
less the said railroad is commenced
under the provisions OF this Act be.
fore the thirty-frst day Of December.
eighteen hundred and eighty'sfx, and
completed before the first day OF
January. eighteen hundred and nine
sy-ave. ......