A. D. 1881. 19th, 1874." SEC. 2. That Section 8 of an Act entitled "An Act to amend Chapter XLV., of Title XI., Part I., of the General Statutes, Act March relating to the repairs of highways and bridges," approved March 19th, 1874, be, and the same is hereby, revived and made Section 8 of force; and that Section 9 of the Act last aforesaid be amended, so far as it relates to the County of Charleston, so that said Sections eight and nine, so far as they relate to the County of Charleston, shall read as follows: "SEC. 8. All able-bodied male persons, between the ages of eighteen and forty-five, shall be liable annually to work on the public highways and roads, not less than three nor more than six days, under the direction of the overseer of the district in which they may reside. In warning men to work upon the public roads, the overseer shall make out a list for the warner, requiring him to give notice to each person, the kind of tool he shall use in working upon the highways and roads." Section 9 revived. amended. Persons liable Warners Duties of. in money. "SEC. 9. That if any person, having been notified or warned as herein before provided, shall pay to the County Treasurer of Charleston County, or to the Road Superintendent, to be by Commutation him delivered to the County Treasurer, the sum of one dollar per day for each day's work required, the same shall be received in lieu of such labor, and shall be applied by the Commissioners of said County to the construction and repair of the highways in the districts to which they belong: Provided, That this amendment shall be operative only so far as James, John's, Edisto and Wadmalaw Islands, and St. Andrew's Parish, are concerned." In the Senate House, the nineteenth day of December, one thousand eight hundred and eighty-one. J. D. KENNEDY, President of the Senate. J. C. SHEPPARD, Speaker House of Representatives. Approved December 20th, A. D. 1881. JOHNSON HAGOOD, Governor. Proviso. AN ACT TO AMEND AN ACT ENTITLED "AN ACT TO RE-ORGANIZE No. 489. THE COLLEGE OF CHARLESTON," RATIFED ON THE TWENTIETH DAY OF DECEMBER, IN THE YEAR OF OUR LORD ONE THOUSAND EIGHT HUNDRED AND THIRTY-SEVEN. SECTION 1. Be it enacted by the Senate and House of Representatives of the State of South Carolina, now met and sitting A. D. 1881. "Act December Section 2 amended. Trustees. Mayor and Re How elected. in General Assembly, and by the authority of the same, That Section two (2) of an Act entitled "An Act to re-organize the 20th, 1837." College of Charleston," ratified on the twentieth day of December, in the year of our Lord one thousand eight hundred and thirty-seven, be amended so as to read as follows: " That the said College of Charleston shall be under the management of Number of. a Board of thirteen (13) Trustees. That the Mayor and Recorder of the said City of Charleston, for the time being, shall corder ex-officio always be ex officio members of the said Board. And three (3) members. Trustees shall be elected by the said City Council of Charleston immediately after the passage of this Act, one at least of whom shall be a member of their own body, who shall serve Term of office, as Trustees until the next election of Aldermen. And three Trustees, one at least of whom shall be an Alderman, shall thereafter be elected by the said City Council after each election of Aldermen of the said city, who shall serve as Trustees until the next election of Aldermen. And the said City Council shall forthwith elect from the present Board of Trustees (8) persons, who shall serve as Trustees for eight (8) years, and until their successors shall be elected and qualified. They shall be so classified that one of their number shall go out of office every year. And immediately after the said election the eight persons so elected shall determine by lot which of them shall serve for one, two, three, four, five, six, seven, and eight years, respectively. At the annual meeting of the said Board of Trus tees there shall be elected by the said Board one Trustee to fill How filled, the vacancy so occurring. The retiring Trustee shall be eligi ble to re-election. And the said Board of Trustees, so appointed and elected, and their successors forever, shall be known as a body corporate, and designated in law by the name and title of Corporate name. the Trustees of the College of Charleston, and shall be, and are Rights, powers hereby, vested with all the rights, powers, and privileges, and privileges. authorities, and franchises. vested in the present Board of Trus tees, either in and by their Act of Incorporation, passed on the twentieth day of December, in the year of our Lord one thousand seven hundred and ninety-one, or by any and every law and laws of this State." Classified. Vacancies Corporators. Section 4 Mayor or SEC. 2. That Section four of the Act aforesaid be amended so amended. as to read as follows: "That any vacancy that may occur in the Board of Trustees from a vacancy in the Mayoralty or ReRecorder. cordership of the said city shall be filled by the officers, respectively, duly elected and qualified to these offices; and all vacanVacancies of. cies in the said Board by the expiration of the term of office of the three members elected by the said City Council, as hereinbefore provided, or from any other cause, shall be filled by the said City Council; and all vacancies in the said Board, by the expiration of the terms of office of the eight members to be elected from the present Board of Trustees, as hereinbefore provided, or from any other cause, shall be filled by the Board of Trustees." A. D. 1881. How filled. SEC. 3. This Act shall take effect from and immediately after shall take effect the date of its passage. SEC. 4. All Acts and parts of Acts inconsistent with this Act are hereby repealed. In the Senate House, the nineteenth day of December, one thousand eight hundred and eighty-one. J. D. KENNEDY, President of the Senate. J. C. SHEPPARD, Speaker House of Representatives. Approved December 20th, A. D. 1881. JOHNSON HAGOOD, Governor. AN ACT TO AMEND AN ACT ENTITLED "AN ACT TO INCORPO- No. 490. RATE THE TOWN OF TIMMONSVILLE,' APPROVED FEBRUARY 28, 1871, FOR THE PURPOSE OF CONTRACTING THE LIMITS OF 1871," amended. 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 an Act entitled "An Act to incorporate the town of Timmonsville," approved February 28, 1871, be amended by inserting the "Act Feb'y 28, word "half" between the words "one" and "mile," on line seventh of the first Section of said Act so that the said Section shall read: That all persons, citizens of the United States, who now are, or hereafter may be, inhabitants of the town of Timmonsville, shall be deemed and are hereby declared to be a body politic and corporate, and that said town shall be called and known by the name of Timmonsville, and its limits shall Corporate name. extend one-half mile in the direction of the cardinal points Limits defined. Limits contracted. Corporators. A. D. 1881. from the depot of the Wilmington, Columbia and Augusta Railroad Company, as a centre, and form a square. SEC. 2. This Act shall take effect immediately after its passage. In the Senate House, the nineteenth day of December, one thousand eight hundred and eighty-one. J. D. KENNEDY, President of the Senate. J. C. SHEPPARD, Speaker House of Representatives. Approved December 20th, A. D. 1881. JOHNSON HAGOOD, Governor. No. 491. AN ACT TO INCORPORATE THE MAGNETIC MANUFACTURing Com Corporators. Location. Powers and PANY. SECTION 1. Be it enacted by the Senate and House of Representatives of the State of South Carolina, now met and sitting ing General Assembly, and by the authority of the same, That John J. McLure, H. P. Hammett, and John J. Hemphill, and their associates and successors, are hereby made and created a body politic and corporate under the name and style of MagCorporate name. netic Manufacturing Company, to be located at or near Cherokee Ford on Broad River, for the purpose of manufacturing, spinning, dyeing, printing, and finishing and selling all goods of Objects. every kind made of wool or cotton, or of which wool, cotton, or other fibrous articles may form a part, and any other articles of privileges. like nature or kind whatsoever, which they may from time to time desire, and for grinding and milling wheat, corn, and other grains, sawing lumber and selling merchandise, mining, and manufacturing iron and other like substances, including lime and limestone, and for producing and making all machinery tools and implements necessary to or used for such purposes, and may erect such mills, buildings, machine shops, stores, dwellings, and other works as may be required or necessary to carry out such branches of manufacture and business, and also for the transaction of all business connected with the purposes so recited. Capital. Proviso. SEC. 2. The parties aforesaid shall have power to raise by subscription a capital for the said corporation of not less than one hundred thousand (100,000) dollars nor more than six hundred thousand dollars ($600,000) in shares of one hundred (100) dollars each: Provided, however, That a majority of the Board of A. D. 1881. May be increased. Manner of rais uting additional Rights, powers Directors of the said corporation shall have the power of increasing the said capital stock to any extent not exceeding one million ($1,000,000) dollars whenever they deem proper so to do, and the said corporation shall by its by-laws provide for the ing and distribmanner of raising and distributing such additional capital stock. capital. SEC. 3. The said corporation may purchase and hold all such real and personal estate as may from time to time be required and privileges. or convenient for their purposes, or such as they may be obliged, or may deem it for their interest to take in settlement of any debts due to said corporation, and may dispose of the same; may erect such mills machine shops, dwellings, and other buildings thereon as may be deemed necessary or desirable, may sue and be sued, may have and use a common seal, may make such by-laws for the regulation and government of said corporation in any and all matters whatsoever, not inconsistent with the Constitution and laws of the United States, and of this State, as may be deemed necessary, and may add to, alter, or amend the same from time to time as may be desired; and shall have generally all rights, powers, and privileges, in law incident or appertaining to corporations. stockholders. Provisos. SEC. 4. Each stockholder in the said corporation shall be jointly and severally liable to the creditors thereof in an amount, Liability of besides the value of his share or shares therein, not exceeding five per cent. of the par value of the share or shares held by him at the time the demand of the creditor was made: Provided, That such demand shall have been payable within one year: Provided, also, That proceedings to hold such stockholder liable therefor shall be commenced within two years after such debt may have become due, and whilst he remains a stockholder therein, or within two years after he shall have ceased to be such stockhelder: Provided, further, That no person holding a share or shares as executor, administrator, trustee, or in any liability of stockother fiduciary capacity, shall be liable thereon beyond the holders in fiduvalue of the estate held by him as such executor, administrator, trustee, or in any other fiduciary capacity. Proviso, as to ciary capacity. SEC. 5. Each stockholder shall have one vote for each share of the capital stock of the said corporation he may own or rep- Scale of votes. resent at all elections and meetings of the company; and the said corporation shall have authority in its by-laws to make such regulations as may be deemed proper for the representation by proxy of such stockholders as may be absent at such elections and meetings. SEC. 6. The capital stock of the said corporation shall be Proxy. |