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A. D, 1892.

Name.
Organization.

SEC. 2. That the name and style of the company shall be the Edisto Island Railroad Company.

SEC. 3. That whenever the sum of seven thousand ($7,000) dollars shall have been subscribed to the capital stock of the said company, payable in money, work, labor, material, or real or personal property, the said incorporators, or majority of them, shall, within a reasonable time thereafter, appoint a time and Notice of meet- place of meeting of said incorporators, of which fifteen (15) days' notice shall be given by advertisement in the News and Courier of the city of Charleston, at which time and place the said subscribers may proceed to the organization of the said company by the election of such officers as the said subscribers as stockholders may determine.

ing.

Officers.

Capital stock.

Limit.

SEC. 4. The capital stock of the said company may be increased from time to time, as the stockholders may determine, in the manner prescribed by Sections 30, 31 and 32 of an Act 19 Stat., 548. entitled "An Act to provide for the formation of certain corporations under general laws," approved 23rd December, 1886, to any sum not exceeding three hundred thousand ($300,000) dolHow payable. lars, subscriptions to which may be made in money, work, labor, material, or real or personal property, as may be agreed upon between the subscribers and the said company or its officers thereto lawfully authorized; and such capital stock shall be in shares of one hundred ($100) dollars each and may transferable in such a manner as the by-laws may direct. And each share of said stock on which all installments have been paid shall entitle the holder thereof to one vote at all the meetings of the stockholders of such corporation.

Shares.

Voting.

Route of road.

SEC. 5. Said company is hereby authorized and empowered to own, operate and construct a railroad from any convenient point on Edisto Island, by convenient route, to some convenient point on the line of the Charleston and Savannah Railway Company between Ravenel's and Adams Run Stations on said road; and Property rights. may, for such purposes, acquire all real and personal property necessary or proper therefor; and shall have all the corporate Rights and rights, powers and privileges, and be subject to all the liabilities, provisions and limitations, contained in an Act entitled "An Act 19 Stat., 171. to provide for and regulate the incorporation of railroad companies in this State," approved December 23rd, A. D. 1885.

limitations.

Crossing highways.

SEC. 6. The said corporation, hereby incorporated, shall have the right, for the purposes aforesaid, to cross any public or other highway or highways, and to build a bridge or bridges across any

navigable stream or streams: Provided, however, That all such crossing of highways shall be made, and all such bridges across navigable streams, in accordance with existing laws, and so as not to obstruct the proper and convenient use of such highways and streams.

SEC. 7. That this Act shall cease and be utterly null and void unless five miles of said railroad shall have been built and equipped within five years from the date hereof.

A. D. 1892.

Bridges.
Proviso.

Limitation of

time.

Public Act.
When to take

SEC. 8. This Act shall be a public Act, and shall take effect from its passage, and remain in force for the term of fifty (50) effect. years.

Approved December 24th, A. D. 1892.

Duration.

AN ACT TO AMEND AN ACT ENTITLED "AN ACT TO INCORPO- No. 80. RATE THE NORFOLK, WILMINGTON AND CHARLESTON RAILROAD COMPANY," APPROVED 24TH DECEMBER, 1891.

A. A. 1891,

SECTION 1. Be it enacted by the Senate and House of Representatives of the State of South Carolina, now met and sitting in General Assembly, and by the authority of the same, That Section 2 of an Act entitled "An Act to incorporate the Norfolk, 20 Stat., 1172, Wilmington and Charleston Railroad Company," approved 24th amended." December, 1891, be, and said Section 2 is hereby, amended so as to read as follows:

amended.

Route of road to Charleston.

SECTION 2. That the said company shall be, and is hereby, Section 2 as authorized to construct, maintain and operate a railroad, with any gauge, with one or more tracks, in this State, extending through the Counties of Horry, Georgetown, Berkeley and Charleston, and into and through the city of Charleston, upon the consent of the Mayor and Council of said city, and also a railroad, with any gauge, with one or more tracks, in the State of South Carolina, extending through any of the Counties of Marion, Marlboro, Darlington, Sumter, Kershaw and Richland, to the city of Columbia, the particular routes of the said railroads To Columbia. to be determined and located by the said company; and with the further privilege of building branch roads on either side of the Branch roads routes from such points on either of the said routes and to such other points as the said company may deem expedient: Provided, That no such branch road shall exceed twenty miles in length; Length.

A. D. 1892.

Bridges.

Section 8 amended.

scriptions.

Exception.

amended.

Elections to determine subscriptions.

Amount.

and with the further privilege of building bridges across the Cooper River and other navigable streams upon the line or route of said railroad; such bridges to be built with suitable draws, and in compliance with the laws of this State and the United States.

SEC. 2. That Section 8 of said Act of incorporation be amended so that said Section 8 as amended shall read as follows:

SECTION 8. That in addition to the subscriptions to the capital County sub- stock of the said company herein before proposed, it shall and may be lawful for any County, except the County of Sumter, through which the said railroad may be located to subscribe to its capital stock such sum as a majority of the freehold voters thereof may authorize the County Commissioners to subscribe. Section 9 SEC. 3. That Section 9 of said Act of incorporation be amended so that said Section 9 as amended shall read as follows: SECTION 9. That for the purpose of determining the amount of such subscription, it shall be the duty of the County Commissioners of any such County, upon a written application of one hundred of the owners of real estate of any such County, specifying the amount to be subscribed in money and bonds and the conditions of such subscriptions, to submit to the freehold electors of such County the question of "Subscription" or "No Subscription" to the capital stock of said company; and the said County Commissioners, having first by resolution of their Board fixed the amount proposed to be subscribed and the conditions of such subscriptions, according to the application submitted to them, shall have the power to order an election and to appoint managers according to law at each election precinct in such County, who shall, without compensation, hold and conduct said election in the same manner as State and County elections are held and conducted, at which election the ballots to be voted Form of ballots. shall have written or printed thereon the words "Subscription" or "No Subscription," notice of said election and of the amount proposed to be subscribed and of the terms and conditions of such subscription, specifying the time, place and purpose of such election, being published at least once a week for four weeks immediately prior thereto, in one or more newspapers published in said County; and all expenses of such election to be paid by said railroad company.

Managers.

Notice.

Expenses.

Section 12 amended.

SEC. 4. That Section 12 of said Act of incorporation (entitled "An Act to incorporate the Norfolk, Wilmington and Charleston Railroad Company," approved December 24th, 1891,) be

A. D. 1892.

Issue of bonds.

Delivery of

bonds.

pons to be de

When to be delivered.

amended so that Section 12 as amended shall read as follows: SECTION 12. That the said bonds shall be issued by the Board of County Commissioners of the County authorizing such subscription, and shall be of the denominations of one hundred Description. dollars, five hundred dollars and one thousand dollars, and payable in thirty years after the date thereof, and shall be delivered. by the said Board to the said company at par: Provided, however, That the bonds representing the subscription of either of the Counties of Marion, Marlboro, Darlington, Kershaw and Richland shall be delivered to the said company only when the said railroad shall be fully built and constructed and fully railed with sixty pound steel rails in first class style through the County so subscribing, and then, and not until then, to be delivered by the said Board of County Commissioners to the said company; and the said Board of County Commissioners, before such delivery, shall detach and destroy all interest coupons Past due couwhich may be past due: Provided, further, That no bonds tached. or money subscribed to the capital stock of said company by either of the said Counties of Horry, Georgetown, Berkeley and Charleston under the provisions of this Act shall be delivered or paid over to the said company until the construction and equipment of said railroad shall have been completed from the point on the North Carolina line where said railroad enters this State through said Counties to the town of Mt. Pleasant in Berkeley County; such construction to be in sixty pound steel rails in first class style, and such construction and equipment to be accepted and approved by the Railroad Commission of this To be approv State, who shall certify such approval and acceptance under their Commissioners. hands and seals to the County Commissioners of the respective Counties: Provided, further, That said subscription shall not exceed two thousand dollars per mile of such railroad in either of said Counties; and the said County Commissioners before delivering any bonds so subscribed to said railroad company shall detach and destroy all interest coupons which may be past due. SEC. 5. That for the purpose of determining the amount of Election to desuch subscriptions, it shall be the duty of the County Commis- scriptions. sioners for the County in which such townships shall be respectively situated, upon a written application of ten of the owners of real estate in such townships respectively, specifying the amount to be subscribed in money and bonds, and the conditions of such subscriptions, to submit to the freeholders of such townships respectively the question of "subscription" or "no sub- ceeding.

Character of

road.

ed by Railroad

Limit of subscription.

Past due cou

pons.

termine sub

Mode of pro

A. D. 1892.

Township bonds

Township

agents.

scription" to the capital stock of said company; and the said County Commissioners shall then proceed, as is fixed and determined in the said Act in regard to County subscriptions, only applying the provision here made applicable to Counties to the townships thereof.

SEC. 6. That any and all township bonds issued by the County Commissioners of the County in which such townships so authorizing the issue thereof, as debts thereof.

SEC. 7. That the County Commissioners of the County in which such townships are respectively located are hereby constituted and made the corporate agents of such townships respectively.

Approved December 24th, A. D. 1892.

No. 81. AN ACT TO INCORPORATE THE NORTH AUGUSTA RAILROAD

COMPANY.

SECTION 1. Be it enacted by the Senate and House of Representatives of the State of South Carolina, now met and sitting in General Assembly, and by the authority of the same, That the Incorporation. formation of a corporate company is hereby authorized for the Route of road. construction and operation of a railroad, the route of which is

Corporators.

Rights and limitations.

from a point upon the Savannah River at or near the city of Augusta, in the State of Georgia, in Aiken County, through the lands of the North Augusta Land Company, by or through the town of Graniteville, in Aiken County, to such point at, in or near the town of Aiken, in Aiken County, as the company may determine upon.

SEC. 2. That this charter, with its rights and privileges incident thereto, is hereby granted to Pat Calhoun, Thomas P. Branch, Walter M. Jackson, D. B. Dyer, Patrick Walsh and William T. Gary, and such other persons as they may associate with them, and their successors and assigns, and that said company shall have all the rights, powers and privileges, and be subject to all liabilities, provisions and limitations, set forth in an Act 19 Stat., 171. entitled "An Act to provide for and regulate the incorporation of railroad companies in this State," approved December 23rd, 1885. SEC. 3. That the name of said company shall be North Augusta Railroad Company.

Name.

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