The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1849-08-31

bEc' =, Ihat tie commissioners OF said county,
for the purpose ofpaying the stock subscribed un.
der this act, are hereby authorized to borrow the
necessary amount ol money, for which they shall
| issue honda or obligations of the county, in a
mounts not less than one hundred dollars, which
bonds or obligations shall be made negotiable,
! bearing interest payable annually at suoh place
and at such rate, not exceeding seven per cenium
per nnnum, as may be agreed upon; and such
bonds or obligations may be made redeemable at
such time as may be deemed expedient by said
commissioners; or such bonds or obligations or
| any part thereof may be issned directly TO said
company ia payment OF said stock, as said COM
missioners aud the officers Of said company may
lagree.
Src. 3, That said commissioners shall keep an
accurate register Of all bonds or obligations issued
uHder the provisions or this act, showing the
dates, numbers and amounts thereof, md to whom
and when payable. and the rate OF interest stipu-
lated therein; and they shall also cause to be kept,
in the Office of thee county auditor such books and
entries as will fully show all liabilities receipts
disbursements and theprecise state oil the indebt-
edness Of the county. in any way arising under
this act.
SEC A. That the faith of the county and the
nett profits or dividends upon the stock so sub
scribed by the county. shall stand pledged for the
payment of the Indebtedness and interest which
may become due from sud county under this act;
and il is, moreover, hereby made tho duty Of the
commissioners and the auditc OF said county, from
and after the contracting of any Indebtedness a.
gainst said county under this act, TO add such per
centum upon the tax duplicate of said comfy, an
nually, over and above the ordinary State and
county taxes as shall be sufficient. when added
l to the dividends or net profits aforesaid, TO pay
the accruing interests arising under this act md
/ also to proyidea sinking fund of such amount MS
! they may deem expedient; and the money Solev-
led when collected, shall be applied to the pur-
: pose aforesaid, aud 10 none other. t+
SEo. s. That said commissioners shall, by
themselves or such agent or agents as they may
: appoint have full power to vote at all meetings
r ofthe stock kholIers Of such railroad company, in
|, proportion to stock owned by the county, and in
all other respects to act in the business OF such
It company as individual stockholders in the same
are authorized by law to do; and the said commits
f sionersare hereby authorized whenever they may
deem the same eSpedient, TO sell and transfer any
or all stock owned by the comfy, in such compa-
o n.y. in order TO pay of the indebtedness which
may arise under this act: Provided however that
n no sale transfer OF any stock shall he valid un-
less it produce its full par value; and the proceeds
= of such sale shall be applied 10 the exingnishmeut
IS ofan equivalent amount of the indebtedness oithe
q county, created under this act. M. t..- a..
;, SIC. 6. That before any stock shall be sub
scribed TO such railroad company under this act,
the question shall be submitted 10 the qualified
81 electors Of said county, whether the county shall
ID become subscriber or not and 10 this end It is
iu't"ep pi"N'ueui '%'" % uP"' '"o .9 "''1n ullca-
|. l',o" VI '.mIy VI ore 0iieens VI S"" county 10
:, lhe suelln Vi tne sune; '.inY u"ys nIol loany
annual spring OF laH elecuoh shpll DC tle duty
% Vi su'u snern u sNo no'0S' di .eds' lwshy oi}s
: newspapers published in said county and coptin-
o. ue the same in said papers until the time of said
IT election that vote will be taken for and against
10 such subscriptions; and the said sheriff shall also
s., uonsn IA eacu pl uie so'u papers, ,or 'ne sam same
,v Shs'"o' 'e' vDPy VI ln's dc', anu .no, yuuheu
T. eIeG,ors OF liie ahereht .oWhsnlPs o. soo couhly
" sah az Inc eleclon 50 gwen hp.ce % py tne sner
u, ", as ulotesau, No.e or or s9ci sToscr'p
n uon,oy usihS one OF Tue other Oi tue ioliOwmg
Phrases to be printed or written on their ballots
80 iUr supscr,p'lon against srDscriPuo.'
70 ohc, T. ina! the JUICES VI sun eieuuohs, III 'ne
X, SeVera townships VI salu county snai irespectve
I'D ~ Keep sa'emeht OF a'i ihe Voies gwen ior ana
r. against SAD SUBSCRIPTION NJ saia eiecllohs; ana
: w'Iin tlree usys ni.er so'u e'ectiohs' iueJuoses
eiectlons snai' cer.'y 70 the cerK OF the court
KS ol common peas ol su,u county Inc number oi
We woes gwen 'or ana asaihse tne roPost'pn; ana
ia nefery maui !le guy o'sald CLERK, IN 'he pres
ence OF TWO lusliGes oil the peace oil sad county to
examine anu make nn apsuaCt OF e't 'he votes
OF gwen ~ the county aSahsi ana aii 'ne votes CIV.
at en- IN iaV1r OF su3ScriPuon' wmch abstract shall
ns designed oy saa clerk ana Justices ana hled IN
o " 'pu ''o n oAu " II ei'a'' po ,ounu 'ha'
No lore 'na nuiI tne Vees gwen al said elecnoh on
clerk shall certify the same to the county com.
Inissioners, whose duty it shall be thereupon to
:" subscribe for the stock in such railroad company,
at aud in a other respects to conform tbemsevesto
he provisions OF ihls act: Provided that ma
Jnriy OF the voles so given be against subscription
ca Tue questioh may on hke application, be IN like
manner submitted to the qualihed voters OF SAID
hu county ~ the next or any subsequent annual
be spring or all eleclloni aud IT, at such second or
m. any subsequent elections, said question be dec
y ded Dy majority oil the votes gwen thereon IN
iaSor OF SUBSCRIPTION such decision shall have the
ne same enect aud loree nsh made at the first elec
Iy. non -...f .t......t
nj. SBc o. Ihal salu commissioners shall allow
., sald sherli auditor and The publishers OF said pa
Pefs, reasonable lees Tor their services under Thu
acti ana the SAID commissioners shall be entitled
- 10 the same per diem allowance for the time oc
cnped IN ine dlscharge oi any OF the duties impos
Ill ed on them by TINS act as they now, or may here
np alter be. oy law allowed Tor other services,
10Th eEc D. ihat any Two OF SAID commissioners may
he 40 ana perform any act or thihg which the sac
w." commissioners hre' Dy TINS act authorized or re
ere. CURED zoo 30 or perform.
also SEc ~ lua' ,hs act shall take elect aud bt
'um, nr IN iorce from ana aller us passage.
ock JuSEnH o. S'HAWklNs,
sY' SPedSer o. the Rouse q Representatives..
-. 1hAhLES b; GoDDAhD,
~" rep. 24i lb4b. SpedkeT 81 TIE Senate.