The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1901-02-19

monts, his agent or attorney, to ap-
ply to magistrate, whose duty it
shall bo to have notice served upon
tho person or persons so refusing 20
bo dispossessed, to show cause before
HIM, if any he can, within three days
from tho dato Of such personal ser
vice Of such notice, why he should
not be dispossessed; and if ho fails
to show sufficient cause it shall be
the duty of the magistrate forth
with to issue his warrant, directing
to tho sheriff Of tho county, or any
constable thereof, requiring him,
without delay, to dispossess such
person or persons from tho premises
so lot, and authorizing him to use
such force as may be necessary; Pro
vided, that said magistrate shall ro.
celve fifty cents for issuing said no
tlce and warrant, tho sheriff or con
stable fec Of ono dollar FOR execut-
ing the same, to be paid by tho party
SO refusing to be dispossessed; and
it said costs cannot be collected from
the tenant, then the same shall be
paid by tho landlord, except in case
of constables and magistrates III
counties where they receive salaries;
Provided, that in case any tenant is
wrongfully dispossessed he, she or
they may have On action for dam
ages against said landlord; Provided,
further, that either party to the pro-
ceeding shall have the right to ap-
peal, which appeal shall stay further
proceedings, upon the tenant enter
ing into bond, with sufficient surety
or sureties, to pay the landlord all
damages which he may sustain there.
by. Provided, further, that on de-
mand by either party to this pro-
ceeding trial by jury shall be allowed
to decide the issue of fact arising
hereunder
The Anti McLaurin resolution
came up in It's regular order. AS
soon as the resolution was announced
Mr.. MCGOWAN moved to table it.
| This cut off all debate or discussion.
Mr.. Webb called for the reading
of the resolution, which was done.
The full text Of the resolution has
| already been printed.
Mr. McAIaster insisted on q yea
and nay vote, which was granted and
the vote was taken on the motion to
table.
PREFERRED STOCK.
Senator Brice's bill to regulate the
issuance Of preferred stock by corpo-
rations came up.
Mr.. Fraziers moved to strike out
the enacting words.
Mr.. Thomas explained the neces-
sity for such a bill to settle mooted
question. Many companies now is-
sue preferred stock and others did
noG know if it we're legal or not.
MIR. Frasier said he simply wanted
to protect the small holders.
Mr.. Cosgroye said it WIS danger
GUS to allow two thirds to vote for
preferred stock. He would vote for
the bill if unanimous vote be re-
quired.
The bill was ordered to it's third
reading as follows:
Section |. That any corporation
heretofore or hereafter created or
organized under any general or spe-
cial Act of the Genera Assembly
may at any time and from time to
time issue stock with preferences,
conditions and liabilities as herein
provided.
Section 3. When the board of di-
rectors or managers of any corpora
tion as aforesaid deem it advisable
to attach conditions, preferences or
liabilities to stock issued or to be is-
sued, they shall give four weeks no.
tice Of a Stockholders meeting to
consider the authorization of such
preference or preferences, liabilities
or conditions. The said notice shall
contain the number of shares and ag-
gregate amount that it is proposed to
issue and the preferences that shall
be gwen to, the conditions attached
to, and the liabilities imposed upon
the stock proposed to be issued.
Section 3. If o-thirds of the