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

by the secretary.
Section 4. That at tho organiza-
ton of any company tho aforesaid
four weeks notice shall not be neces-
sary or required, provided tho sub.
scription list shall state tho amount
Of tho preferred stock that it is pro-
posed to issne at said organization,
| and two-t thirds Of the stock in valuo
that has been subscribed shall be
present and vote to authorize tho
ISSUE Of preferred stock as aforesaid
Section 5. TO impose any condi-
tons or to attach any penalties to q
portion only Of the stock of corpo-
ration that was not contemplated or
provided at tho timo SAID stock was
ISSUED it shall be necessary that two
thirds Of tho stock so affected voto
therefor after notice as aforesaid.
Tho bill WAS ordered to it's third
reading with an amendment by Mr..
DeBruhl. 1t reads:
Section l. Stocks representing
shares in manufacturing uorpo-
ratious, chartered under the laws
Of this State, shall be deemed,
and arc hereby declared to be, realty,
but tho stock representing such
shares may be transferred from ono
person to another, for any purpose
whatsoever, by the samo means as
are or may bo allowed by law for the
transfer of shares in other corpora
tons: Provided, the samo shall not
be subject to any claim or dover,
shall be subject to debts in execution,
or upon attachment as shares of stock
in other corporations, and to tho laws
Of distribution Of deceased inte.
states estate, as if tho samo wore
personal property: Provided, fur
ther, that such stocks shall be OK
empt in tho hands of the holders
from taxation when the corporation
is taxed on the valuo of such stock.
Section 2. All Acts and parts of
Acts inconsistent with this Act be,
and the same are hereby, repealed.
The last bill on the Calendar was
Senator Movers bill to alter the
county line of Newberry SO as to in
clude in it's borders the town of Little
Mountain. 1t was ordered to its
third reading.
Mr.. Richard S. Whaley offered the
following concurrent resolution,
which was unanimously agreed to:
Be it resolved by tho House of
Representatives, tho Senate concur.
ring, That it is the desire Of the
General Assembly of the State of
South Carolina that its sister State
of Rhode Island should be fully rep
resented at the South Carolina Inter
State and West Indian Exposition:
1t is hereby resolved, That cor
dial and urgent invitation be, and is,
extended to the State Of Rhode
Island to participate in the Exposi-
ton at Charleston.
Resolved further, That the request
be made that the powers and author
itw of the Rhode Island commission
to the Pan American Exposition be
extended to the Exposition to be held
at Charleston.
BE it further resolved. That this
resolution be communicated to the
Governor Of Rhode Island and that
he be requested to take such action
as he may think necessary to have
his State and people fully repro
sented at the South Carolina Inter-
State and West Indian Exposition.
Mr.. Bacot then presented the fol-
lowing resolution, which was unan-
mously adopted:
BE it resolved by tho House of
Representatives Of the State Of South
Carolina, the Senate concurring,
That each and every State and Terri
tory of the Union land hero each
and every State and Territory is
named) be, and is hereby, invited
and urged to appear and make q
special exhibit at tho Exposition of
the South Carolina Inter. State and
West Indian Exposition Company,
to be held at the City, of Charleston,
in the State of South Carolina, from
the first day of December, A. d. 1901,
to tho first day of June, A. D. 1902,