South Carolina § 58-15-40 Issuance of commission to incorporators; authorization for opening books of subscription after giving of notice.

South Carolina Statutes

§ 58-15-40 — Issuance of commission to incorporators; authorization for opening books of subscription after giving of notice.

South Carolina § 58-15-40

Title 58PUBLIC UTILITIES, SERVICES AND CARRIERS

Ch. 15RAILROAD, STREET RAILWAY, STEAMBOAT AND CANAL COMPANIES

This text of South Carolina § 58-15-40 (Issuance of commission to incorporators; authorization for opening books of subscription after giving of notice.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 58-15-40 (2026).

Text

Upon the filing of the declaration of the petitioners and the payment of a fee of three dollars for filing and indexing it, the Secretary of State shall file the declaration under a proper number and index it and shall issue to any two or more of the petitioners a commission constituting them a board of incorporators and authorizing them to open books of subscription to the capital stock of such proposed company, after such public notice, not less than thirty days, as he may require in such commission. Such notice to be published in some newspaper in each of the counties through which the proposed road shall pass and, in the case of steamboat companies, such notice shall be given at the termini only.

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Upon the filing of the declaration of the petitioners and the payment of a fee of three dollars for filing and indexing it, the Secretary of State shall file the declaration under a proper number and index it and shall issue to any two or more of the petitioners a commission constituting them a board of incorporators and authorizing them to open books of subscription to the capital stock of such proposed company, after such public notice, not less than thirty days, as he may require in such commission. Such notice to be published in some newspaper in each of the counties through which the proposed road shall pass and, in the case of steamboat companies, such notice shall be given at the termini only.

Legislative History

HISTORY: 1962 Code SECTION 58-655; 1952 Code SECTION 58-655; 1942 Code SECTION 8180; 1932 Code SECTION 8180; Civ. C. '22 SECTION 4360; Civ. C. '12 SECTION 2874; Civ. C. '02 SECTION 1918; 1899 (23) 64.