Acts of the General Assembly of the State of South Carolina

Acts of the General Assembly of the State of South Carolina

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1848 edition. Excerpt: ...the wh le amount Liabilities of the said capital stock of one hundred thousand dollars, as aforesaid, shall have been actually paid in; and no note or obligation, given by any Stockholder, whether secured by a pledge of the Stock in such Corporation, or otherwise, shr.ll be considered as payment of any part of the capital stock, until such notes or obligations shall have been actually paid. V. The said Corporation shall have power to increase their capital stock to Power to any amount not exceeding five hundred thousand dollars, whenever the Stock-increase capital. holders or the Board of Directors, by their authority, shall so determine by the votes of a majority of the Stockholders, or of the Board of Directors as aforesaid, respectively, and they may open books and take subscriptions for such increased capital stock in such manner as they may deem expedient. And whenever it shall have been determined to increase the capital stock of the Company, as aforesaid, it shall be the duty of the Beard of Directors to give A. D. 1817. Capital Stock to be deemed personal property. Shaves to be Fold in case of failure to pay up instalment5. OSeers. Annual Statements Service of Proee public notice to that effect in two of the daily newspapers of the city of Charleston, stating the amount to which the said stock is to be raised. And the members of the said Corporation shall be liable jointly and severally for all debts and contrasts made by such Corporation, until the whole amount of the additional capital stock, so determined to be raised or increased, shall have been actually paid in. And public notice shall be given of the payment of each instalment of the said increased capital stock in the manner hereinbefore provided in the third section of this Act....show more

Product details

  • Paperback | 34 pages
  • 189 x 246 x 2mm | 82g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236595637
  • 9781236595638