South Carolina - Acts on Education Topics

An Act to Provide for the Formation of Religious, Charitable and Educational Associations.

February 28, 1870

Acts and Joint Resolutions of the General Assembly of South Carolina 1869-70, Pages 373-374.

Section 1. Be it enacted by the Senate and House of Representatives of the State of South Carolina, now met and sitting in General Assembly, and by the authority of the same, Seven or more persons, within this State, having associated themselves, by agreement in writing, for educational, charitable, or religious purposes, under any name by them assumed, and complying with the provisions of this Act, shall, with their successors, be, and remain, a body politic and corporate.

Sec. 2. The purpose of such corporation, and the place within which it is established or located, shall be distinctly specified in its articles of association, which articles, and all amendments thereto, shall be recorded in the office of the Register of Deeds for the County wherein such place is situated, and such corporation shall appropriate its funds to no other purpose.

Sec. 3. Corporations organized under this Act shall have the powers, privileges, and be subject to the duties, liabilities and restrictions set forth in the Act to provide for the formation of corporations, so far as the same may be applicable.

Sec. 4. Such corporations may hold real and personal estate, necessary for the purposes of their organization, to an amount not exceeding one hundred thousand dollars.

Sec. 5. Their estate shall not be exempted from taxation in any case where part of the income or profits of their business is divided among members or stockholders, or where any portion of such estate is used or appropriated for other than educational, charitable or religious purposes.

D. T. CORBIN and CHAS. W. MONTGOMERY, Presidents of the Senate.
FRANKLIN J. MOSES, Jr., Speaker of the House of Representatives.
ROBERT K. SCOTT, Governor.

Approved: February 28, 1870



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