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An Act to amend an act entitled An act to incorporate the town of Mount Pleasant 1854 382 (1854)

handle is hein.slavery/ssactssc0395 and id is 1 raw text is: A. D. 1834. IX. That the capital stock shall be twenty thousand dollars, with the ~'- ' priviloge of increasing the same to the sum of one hundred thousand dollars, CapitalStook. by vote of a majority of the stockholders, in a meeting duly convened, and that the said capital stock shall be divided into shares of one hundred dol- lars each. X. That a majority of the capital stock shall form a quorum to do busi. Quorum. noss, and each share shall entitle the holder to one vote, which may be given in person or by proxy, which.said proxy shall be appointed in writing under the hand and seal of the stockholder. XI. That there shall be an annual meeting of the stockholders of the Annual Meet. Company at Marion Court House on the first Monday in January, or a ing. such other time and place as may be appointed by the stockholders, when a Board of Trustees shall be elected for the ensuing year. XII. That the said Board of Trustees shall have power and authority to Scholarships. sell and dispose of scholarships in said College, for such time and upon such terms as the stockholders may direct, and to issue certificates for the same, under the seal of the corporation; and also to confer and award all such distinctions, honors, licences and degrees as are usually conferred in the female colleges and universities of the United States. XIII. That the said corporation shall have and hold all the estate, pro- To hold pro- perty and funds, now belonging to said Company, and all property, funds, porty. money, donations, legacies and divises which may hereafter be granted, con- Proviso. voyed, bequeathed and devised or given to said Company: Provided, The same shall not exceed the sum of one hundred thousand dollars. XIV. This Act shall be taken and deemed to be a Public Act, and con- Public act. tinue in force for the term of twenty-one years, and from thence until the adjournment of the next General Assembly thereafter. In the Senate House, the twenty-first day of December, in the year of our Lord one thousand eight hundred and fifty-four, and in the seventy-ninth year of the Sovereignty and Independence of the United States of America. ROBT. F. W. ALLSTON, President of the Senate. JAMES SIMONS, Speaker House of Representatives. No. 4211. AN ACT TO AMEND AN ACT ENTITLED AN ACT TO INCoRPoRATE THE TowN OF MOUNT PLEASANT. I. Be it enacted by the Senate and House of Representatives, now met Pines. and sitting in General Assembly, and by the authority of the same, That hereafter it shall and may be lawful for the Town Council of Mount Pleasant STATUTES AT LARGE 382

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