The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1848-03-10
CONS Of Ohio.
AN ACr
To authorize the commissioners OF
F,irfiei,i C0mi,ty 90 StshScrtDc Stock
=. n RR.,iI RO;ld COMPANY.

Fairfield gOtaiatl 10 SlaU>Gs W. SWIM l
in n Rail Road Company.
SEc. |. Be ii enacted by the General
Assembly Of the State Of Ohio, That
the Commissioners Of Fairfield County.
with the consent OF q majority OF the
legal voters of said County To be ex-
pressed as herein after provided. be
aud they are hereby authorized and Ec-
quired to subscribe in the name ana 70,
the benefit 6f said county 10 the cdp'"'
stock OF any company which IS now oS
may sliereafisr he Incorporated 10 CON
str,,ct a rail road from Lancaster IN said !
county To Newark or Columbus or IRON
Lanc,lsterto any point on any rail road
which shah connect Newark and Coium.
bus. the sum Of one hundred thousand
dollars Provided, nevertheless, that
less sum may be by Them subscribed 1t the
capital stock of such company he redu'
ced by private subscription so asi leave
less than one hundred thousand dollars
thereof subscribed.
SEC. 2. That the Commissioners oi
said county for the purpose OF paying The
stock subscribed under this act, are here
by authorized TO borrow the necessary
amount Of money. for which they shall
issue bonds or obligations OF the county
in amounts not less than one hundred
dollars; which bonds or obligations shall
be made negotiable bearing interest pay
able annually at such place aud at S"cl'
rate. not exceeding seven per centum per
snnum, as may be agreed upon; and such
bonds or obligations may be made re-
desmable at such time as may be deem
ed expedient by said Commissioners; or
such bonds or obligations or any part
thereof may be issued directly to said
company in payment of said stock as
sad Commissioners and the officers OF
said company may agree.
SEC. 3. That said Commissioners shall
keep an accurate register ot all bonds or
obligations issued under the provisions ol
this act, showing the dates, numbers and
amounts thereof, and to whom and where
payable and the rate nf interest stipuIa'
ted therein; and they shall also cause 20
he kept in the office Of tho County Au'
ditor. such books and entries as will fully
show all liabilities, receipts, disburse-
ments, and the precise state OF The M
debtedness Of the county in any way a
rising under this act.
SEC. A. That the faith Of the county
and the net profits or dividends upon the
stock so subscribed by the county, shal
stand pledged fnr the payment OF the IN
debtedness aud interest which may be
come due from said county under this ac
and it is, moreover, hereby made the du
ty of tho Commissioners and Auditor
said county, from and after the contract
ing of any Indebtedness against said coun
ty under this act, to add such per centnn
upon the tax duplicate of said count.
annually, over and above the ordlnar.
State and county taxes, as shall he suih
cient when added TO the dividends or ne
profits aforesaid to pay the accrulng III
terest arising under this act and also
provide sinking fund of such amour
as they may deem expedient; aud tn
money so levied when collected shall b
applied to the purpose aforesaid aud I
none other.
SIC. s. That said Commissioners sha
by themselves OF such agent or agents o
they may appoint have full power To vol
at all meetings of the Stockholders {
such rail road company in proportion
the stock owned by tho county, and in "A
other respects to act III the business
such company as individual stockholde
in the same arc authorized by law To d
and the said Commissioners arc hcrel
authorized whenever they may deem u
same expcdient to sell or transfer any
all stock owned by the county IN SUE
company, in order to pay off the ndeb
edness which may arise under this ac
Provided, however, that no sale or tran
fer Of any stock shall be valid unless
produce its full par value; aud the pr
ceeds of such sale shall be applied
the extinguishment of an equivalent
mount of the Indebtedness Of the count
created under this act.
Src 6. That before any stock shall
subscribed to such rail road company II
der this act, tho question shall be su
rntted to the qualified electors Of sa
county whether the county shall becon
subscriber or mol, and to this end it
further provided, that upon the write
application Of thirty or more citizens
said county to the Sheriff of the sam
thirty days priur to any annual spring
fall election il shall he the duty of 50
Sheriff TO give notice Of at least tweI
DAYS prior 10 said election, by adverti'
meEt in all newspapers published in 50
county, and continue the Same in said
pers until the time of said election; Il
vote will hc taken for and against ca
subscriptions; and the said Sheriff shall
SO publish in each of the said papers
the same length oftimc copy orlhis act
hequalifed electors oflhe different low
ships of said county shall, at The clectC
so given notice Of by the Sheriff as afo
said, vote for or against said subscript
byusing ono or the other Of the folio
ing phrases to be printed or written
their ballots. "lor subscription" 'ugai
subscription"
SIC. 7 That tho Judges Of said G.
tions in tho several townships of t
county, shall respectively keep Il ST
ment Of all the votes given for aud aga
said subscription at said elections Il W
in three doysailersaid elections,t ,theJu