South Carolina Statutes
§ 58-17-910 — Stock subscriptions.
For the purpose of raising the capital stock of any railroad company incorporated in this State it shall be lawful to open books of subscription at such times and places and under the direction of such persons as the incorporators may appoint. Such subscriptions to the capital stock may be made in land, money, bonds, machinery, materials and work, at such rates as may be agreed upon with the company.
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Legislative History
HISTORY: 1962 Code SECTION 58-941; 1952 Code SECTION 58-941; 1942 Code SECTION 8262; 1932 Code SECTION 8207; Civ. C. '22 SECTION 4771; Civ. C. '12 SECTION 3106; Civ. C. '02 SECTION 2032; R. S. 1544; 1885 (19) 171.
Nearby Sections
15
§ 58-17-10
Definitions.§ 58-17-110
Mandamus to require compliance with law.§ 58-17-1120
General corporate powers.§ 58-17-1130
Execution of mortgages; issuance of bonds.§ 58-17-1150
Acquisition of land and rights-of-way.§ 58-17-1160
Acquisition of rights-of-way around tracks.