Imágenes de páginas
PDF
EPUB

SEC. 4. That the capital stock of said company shall be one hundred thousand dollars, divided into shares of one hundred dollars each, with power by vote of the Directors of said corporation to increase the same at any time and from time to time to an amount not to exceed one million dollars.

A. D. 1892.

Capital stock.

Increase.

Organization.

Notice.

SEC. 5. When the sum of ten thousand dollars shall have been subscribed to the capital stock of said company, the said corporators or a majority of them shall within a reasonable time thereafter appoint a time and place for a meeting of said stockholders, of which ten days' notice shall be given in such newspaper or newspapers in this State as they deem necessary; at which time and place the said stockholders may proceed to the organization of said company by the election of not less than three Directors, or as many more as the by-laws to be adopted may determine; which said Directors shall elect one of their number to be the President. President of said company. The said Board of Directors and said President so elected shall hold their offices for one year and Term of office. until their successors are elected.

Directors and

fers, &c., to be

SEC. 6. That any lease, transfer or consolidation of the com- Leases, transpany hereby incorporated shall be submitted to meeting of stock- ratified. holders and be ratified by a majority of the stockholders before the same shall be legal.

SEC. 7. That the said company shall have power, if need be, to construct their railroad along, across and over any public road or roads, rivers, creeks, water or water courses that may be in their route: Provided, That the passage of the roads or the navigation of the waters be not obstructed thereby.

Crossing of

highways, &c.

Extensi on to wharves.

Precautions to

SEC. 8. That the said railroad company be, and it is hereby, Use of streets. authorized and empowered, by and with the consent of the Council of any towns or cities through which the railroad may pass, or at which the railroad may terminate, to construct their route and tracks through one or more of the public streets or ways of such towns or cities and to extend the same to any or all of the wharves or landings in such towns or cities: Provided, That in such construction and extension all necessary precaution in extending the be taken. work be taken not to obstruct the use of any street or public way through which the said railroad may be constructed or extended. SEC. 9. That the said railroad company shall have the right, Branch roads. and is hereby authorized and empowered, to construct and operate branch roads from their main line whenever in their judgment it is to their interest to do so, and to purchase or lease any railroad lease. with which it may connect.

Purchase and

A. D. 1892.

Rights of way.

Motive power.

Steam.

Other uses.

Banking business.

SEC. 10. That said railroad company shall have the right to condemn and take or acquire for its right of way one hundred feet on each side of the centre of its road bed.

SEC. 11. That said railroad company shall have the power, and it is hereby authorized, to use horses, mules, steam, electricity or any other motive power in drawing its cars which is now used or known or which hereafter may be discovered or utilized, and when practicable to use water or steam to generate the motive power, which may also be used for lighting the roadway, streets and roads and public and private buildings and for such corporations and individuals as it may contract to furnish light.

SEC. 12. That said corporation is further authorized and empowered to do a general banking business whenever in the judgment of its stockholders it may be to their interest to engage in the same in accordance with the terms of the law in such cases made and provided.

Approved December 24th, A. D. 1892.

No. 82. AN ACT TO RECOGNIZE THE SOUTH BOUND RAILROAD COMPANY, INCORPORATED IN THE STATE OF GEORGIA, AS THE SAME INCORPORATION AS THAT INCORPORATED IN THE STATE OF SOUTH CAROLINA UNDER THE SAME NAME; TO PROVIDE FOR THE LEASING OF THE SAID COMPANY, AND THE EXTENSION OF ITS CHARTER.

Preamble.

Whereas, under an Act of the Legislature of the State of Georgia, approved September 27th, 1881, entitled "An Act to provide a general law for the incorporation of railroads and to regulate the same," and the amendment thereto, Herman Myers, John L. Hammond and others obtained on the 5th day of November, 1888, from the Secretary of State a certificate of incorporation for the said The South Bound Railroad Company, and under the said charter organized the said company; and whereas, afterwards, to wit, on the 26th day of September, 1889, an Act was passed by the Legislature of this State, recognizing and confirming the said charter, and conferring additional powers and rights upon the said company; and whereas, prior to the said Se1917 Stat: 5th day of November, 1888, the said The South Bound Railroad 20 Id., 418, 763. Company had been incorporated under the laws of the State of

949; Id., 926;

South Carolina by the said John L. Hammond and others, and the said corporators had organized under the said charter and subsequently had accepted the charters granted by the State of Georgia; and whereas, the said corporators and their associates have built and constructed a railroad under the said charters of Georgia and South Carolina as one corporation, have incurred obligations as one corporation, and are now operating the said railroad from the city of Savannah, in the State of Georgia, to the city of Columbia, in the State of South Carolina, as one corporation, under the name of the South Bound Railroad Company:

A. D. 1892.

recognized.

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 said The South Bound Railroad Company as now constructed Corporation and operated between the said cities of Savannah and Columbia is hereby recognized as one and the same corporation, and the contracts made as one corporation are hereby recognized as valid Contracts valiand binding upon the said railroad company.

dated.

Lease authorized.

Limitation.

SEC. 2. That the said The South Bound Railroad Company is hereby authorized and empowered to lease to some other railroad company its railroad and property: Provided, That it may not enter into any lease with a competing line of railroad calculated to defeat or lessen competition in this State; and that the said corporation shall continue fifty years from the date of this Act. SEC. 3. That all Acts and parts of Acts inconsistent with this Repealing Act are hereby repealed.

Approved December 24th, A. D. 1892.

Duration.

clause.

AN ACT TO AMEND AN ACT ENTITLED "AN ACT TO AMEND
THE CHARTER OF THE WADESBORO, WINNSBORO AND
CAMAK RAILROAD COMPANY," APPROVED DECEMBER 24TH,
1890.

No. 83.

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 amend the charter of 20 stat., 772, the Wadesboro, Winnsboro and Camak Railroad Company," ap- amended. proved December 24th, A. D. 1890, be, and the same is hereby,

A. A. 1890, 80,

A. D. 1892.

Section 2 as amended.

route.

amended, by adding thereto the following provisoes, so that said Section as amended shall read as follows:

SECTION 2. That the said company is hereby authorized to construct a railroad from a point on the North Carolina line by a Route of road. practicable route from Wadesboro, North Carolina, to Winnsboro, South Carolina, through the County of Lancaster, by or near the falls on Catawba River, thence to Winnsboro, and thence through the Counties of Lexington and Edgefield, by such route as the Directors of said company may deem most practicable, to a point on the Savannah River in the direction of Change of Camak, Georgia: Provided, That should the Directors of said company deem it expedient and for the best interests of said company to change the line or route of said railroad, as above set forth, they are hereby authorized and empowered to locate the line of said railroad, and begin the construction thereof, from Catawba Junction, at the intersection point of the Georgia, Carolina and Northern Railroad Company and the Charleston, Cincinnati and Chicago Railroad Company, or from any other point on the line of either of said railroad companies, through the Counties of York, Chesterfield and Fairfield, by and through the Town of Winnsboro, South Carolina, and from thence through the County of Richland to the City of Columbia, in said State, or towards the Georgia line in the direction of Augusta or Camak, Georgia: When to com- Provided, further, That the construction of said railroad may be commenced immediately at any point on the line or route of said railroad, so soon as the Directors or officers of said company To be com- shall have located the same, and said line shall be completed within five years, otherwise this charter to be null and void.

Extensions.

mence.

pleted in five years.

Repealing

clause.

SEC. 2. That all Acts or parts of Acts in conflict with or repugnant to the provisions of this Act be, and the same are hereby, repealed.

Approved December 24th, A. D. 1892.

No. 84.

AN ACT TO AMEND AN ACT ENTITLED “AN ACT TO AUTHORIZE
AND EMPOWER THE TOWN COUNCIL OF ABBEVILLE TO CON-
TRACT WITH THE GEORGIA, CAROLINA AND NORTHERN
RAILROAD FOR THE LOCATION OF CERTAIN RAILROAD
SHOPS IN SAID TOWN AND TO CONTRIBUTE TO THE SAME,"
APPROVED DECEMBER 24TH, 1890.

SECTION 1. Be it enacted by the Senate and House of Representatives of the State of South Carolina, now met and sitting in

A. D. 1892.

amended.

General Assembly, and by the authority of the same, That an Act entitled "An Act to authorize and empower the Town A. A. 189 0, Council of Abbeville to contract with the Georgia, Carolina and 20 stat., 786, Northern Railroad for the location of certain railroad shops in said town and to contribute to the same," approved December 24th, 1890, be, and the said Act is hereby, amended, by striking out all of said Act after the enacting words and substituting in lieu thereof the following:

shops, &c., au

SEC. 1. That the Town Council of Abbeville is hereby author- Contract for ized and empowered to contract with the Georgia, Carolina and thorized. Northern Railway Company as to the location of such shops and other structures as the said railway company may determine to build and establish in said town.

SEC. 2. That the said Town Council of Abbeville is further authorized and empowered to contribute to the purposes enumerated in the Section 1 of this Act a sum of money not exceeding seventeen thousand dollars.

Amount of contribution.

tions.

SEC. 3. That the said Town Council of Abbeville is hereby Issue of bonds. authorized and empowered to issue seventeen thousand dollars of seven per cent. bonds, if so much be necessary, interest payable annually, for the purpose of paying the sum that may be agreed upon for the purposes enumerated in Section 1 of this Act, in denomination of one hundred dollars each, payable in thirty Denominayears from the date of their issue. Said bonds shall be signed by the then Intendant of said town and Treasurer of said Council, How executed. and shall not he taxable for municipal purposes: Provided, The contract entered into by and between the said Town Council and Contract to be said railway company be approved by a majority of the qualified electors. electors of said town, who shall vote at an election to be held within thirty days after the approval of this Act.

approved by

Managers.

SEC. 4. That the said Town Council shall have power, and are Election. required, to order said election, giving at least five days' notice thereof in the newspapers of said town, specifying the time, place and purpose of the election, and to appoint three managers, who shall without compensation hold and conduct said election. At the election the ballots to be used shall have written or printed thereon the word "Approve" or "Reject," the Council having Form of ballots. first fixed the amount proposed to be raised.

election.

SEC. 5. That it shall be the duty of the managers to conduct Conduct of the election, count the votes immediately after closing the polls, which shall be kept open from 8 A. M. till 4 P. M., and shall

[blocks in formation]
« AnteriorContinuar »