The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1893-12-06

privileges or franchises as corportion;
] to have receiver appointed who shall
sell the property and make distribution
of The proceeds thereof among the credl'
tors and stockholders.
In. order 10 prevent the road from
being controlled by any competing line
10 purchaser, nor any other person,
shall be allowed to operate the road
without becoming first Incorporated
under the laws of this State; and no cor
poration shall be formed by any pur-
chaser to operate or control the road un-
der any law of this State otherwise en-
abling thereto except with the prior con-
sent in writing of the Governor, Attor-
ney General and the chairman OF the
hoard of railroad commissioners OF
this State, and no such consent shall
be given by these officials unless 1t be
made fully and absolutely to appear
that no competing line Is in any way
interested therein, the evidence estab.
fishing such fact to be filed in the Of
fee of the Secretary Of State.
No individual or corporation who
may control any transportation line
competing with the said road or have
a controlling interest therein In any
corporation operating such competing
lines or in any way representing such
controlling interest shall be owner OF
a controlling interest In said corpora
ton authorized to be created and Or
ganized under the provision OF this
act, and should any such corporation
OF individual become so interested,
then the charter herein authorized
shall become ipso facto DULL and void,
and the franchises, powers and pr1vl-
leges thereby conferred shall cease alb.
solutely and the Attorney General shall
Immediately institute proceedings to
liquidate the 5ame, and the sale and
purchase Of the property.
IN THE SENATE.
The proceedings Of the Senate yester-
day were, as usual, at 30 early q day IN
| the session without incident.
J.T. Can't was sworn In as journ al
clerk. The bill to prohibit prize fight
ing passed its third reading.
The first bill to excite discussion
was one coming up on its third reading
TO amend Section 948 Of the General
Statutes with reference to the forma-
tion of certain corporations. Its OBJ.
ject was to permit the increase Of the
capital stock of all corporations not ex-
cepting those asking an increase to one
million dollars or more under the usual
methods prescribed by the act for the
| formation Of corporations.
Mr.. Efrd opposed the bill on the
ground that corporations having en0r-
nous capital stock should not be per.
mitted to be formed unless by applica-
tion to the General Assembly. Mr..
Smythe answered that the object Of
the bill was merely to make definite
the old law. The bill was passed.
There was desultory discussion Of
the second reading bill to amend the
law as to hawkers and peidlers, par.
ticipated in by Wilson, Jenkins, Der.
ham and John Gary Evans. On mo-
tipn of the latter 1t was finally recon-.
mitted.
The first measure to meet with deter
mined opposition was the concurrent
resolution instructing the Senators and
members of the United States. House
of Representatives from this State to
take some action removing all doubt
from the construction of the act OF
Congress approved March End, 1891,
refuuding the direct tax, etc.
Senator Verdier moved to indefinite
ly postpone the resolution. Senator
John G. Evans inquired his reason for
the motion. S.na'or Verdier stated
that the claimants were now getting
their money without any trouble, that
the people of Beaufort were the only
persons interested, and that they were
| perfectly satisfied with methods now
available for obtaining their money.
Senator Evans replied by saying that
| the Governor had recommended this
measure and that In some instances
| there had been discomfort and COM
plant as to the measures necessary for
procuring the moneys due. Senator
Evans could see no reason why Con.
gress should not be asked to explain
any ambiguity in its act.
Senator Verdier answered that 1t
was necessary for the claimants to 90
into the Court Of Claims and that this
resolution could not but cause compli'
cation and delay.
Senator Eyans-"I confess that I
can't understand how the Senator's ex-
planation explains why the resolution
should not be passed."
Senator Verdier (from his seat)-
"Well, I'm sorry you can't" The con.
current resolution was indefinitely
postponed by a decided majority.
In reference TO his veto Of the bill
to incorporate the South Carolina Sew.
erage Company, the Governor sent a
message to the Senate, in which ne
said:
No 1888 "An act incorporate the
South Carolina Sewerage Co., and to
authorize the corporate authorities OF
the cities and towns In this State to
contract with it for the establishment
construction and maintenance of sew
erage systems and for that purpose to
issue bonds" The purposes of this
company are set forth in section Z.
"The said corporation shall have the
right to construct, maintain, build and
complete systems Of sewerage works
within the State of South Carolina, and
to contract for the construction, main
tainance and building Of such sewer
age works. That the corporate author
tiles of the cities and towns Of this
State, be and they are hereby author
lied to contract with said corporation
for the establishment, and maintain.
ance of such sewerage works In the
streets, highways, private lots and
dwellings within the limits of said cit
les and towns and beyond those limits
if necessary; provided that any con-
tract so made shall first be ratified by
vote of qualified voters Of said cities
or town." Section reads as follows:
"That in order to enable the corporate