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. 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.
South Carolina Legal Code