The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1849-10-05

" hHlb JnllH u Idsstl
Barb Ennnuel Glesy
NJ Baker Juel RudeGlngh
.Tuly ~ 1919
Az ACT 10 Authorize the Commissioners
OF FairheId county 20 Aubscribs stock in
a HaiIroHd Company.
Stc. /. Be IL enacted by the GrHerm Assem-
Qftte. State Of OltO, That the Commissioners oi
Eail lGpld county, with tlie cnnsent Of nalority
of the legl utels ul said county. to be expressed
as hereinafter provided. lie aud they nre hereby
authorized and required 10 subscribe IN the name
and i9r tue benefit uf said county, To tire oaplln
stuck OF any company whchis new, or may here
after be Incorporated, la construct n rnlltOnd run
Lancaster, 10 said county. Ia Newark ~ Culnm
bus. Or hum Lancaster 10 any pUlni "D any iHil'
road which slH Connect Newark mud Columbus
the sun Of one llpirel THOUSAND dollars: Provi
dctl. nevertheless thatu sss sum may he 10y them
subscribed. ii the rapitul stock OF such cnmpony
bo reduced by private subscription ~ In 10 leave
less than one hundred Thousand dollars illereul
unsllbsorbe'l. ~
SIC. .. That tho commissioners OF said county
for the purpose OlpaYBg tho stock subscribed IN.
der this act ara hereby authorized "a bnrruw the
necessary amount nj tuuncy. for which they slInl
issue bplIls pr oblgnlons OF tlie county, III a
Innunis not less lhHu one hundred dollars, which
bonds ~ obligations shuil be mmle negolihble,
ocarhl6 interest P's"V'e 'nlu"''y "' SUI" P'"'o
and NJ Snch e'nol rNPeeulNs seSoh l'er Cen'"'l
per annum, as may he agreed upnn' "hd snch
bvuds ~ obligations mny be mtle r1decmuble Al
such time as may be.deemed expedirnt Ivy said
commissioners; or such bonds Or DBL galluns or
my parl thereof, may be issued directly IN said
company In payment of said stock, as said com
uisslonels aud the officers "l Snld company may
SIZE g. Tmt said commissioners shall keep an
accurate register al ,ill bonds ubligtUns issued
under tho PROVISIONS al this act, showing the
dates, numbers and amounts thereof und Ia whom
aud wllen payable, aud the rate, Of interest slpu.
lated therein; and they shall also cause to he kept
IN The office Of The county auditor such books sand
entries rs will fully show all liabilities rcrripls
disbursements and the precise state oflie indebl.
cduess of tue county. in any way arising under
this act
SEc. 4 Tint the faith Of the county nnd the
nett profits Ut dividends upon the stcck 80 sub.
srrihed hy the county shall stand pledged lorth
payment Of The indebtedness aud interest wlilch
may beooIne due from suhl county under this act;
aud il is, moreover, hereby made the duty ol the
commissioners and the nutIin rofsaid county, from
aud uiler Tho contracting Of any indebtedness
gainst said county p1er this pel TO ndd such per
cenliun upon the tux duplicate Di said cunnty, an.
nuulIy, over aud nbove the ordinary Sluc alnl
county taxes. rs shall be sufficient when nddcd
Ia tho dividends or net profits aforesaid, to pny
the accriIiug interests arlsing under this act lmd
nIsn Ia prt,ye a sinking fund uI such nnnunt MS
ili.v nov deem, rxnedirut, and the mon,y so ley
led. when collected shall bo npnlird To the pl,r.
puse alorcspil. and To- none other.
Syc. 4 TIM said commissioners sIp,lI. by
tlensalyesorsit,h aqent or agents NJ lIcy mn,
,,nniu, h,yo G,U n,,,y,r t vrts nj i,ll n,c,,,, ~,
',fihn s,,,,LL,iIcr. rf su,h r,ilrom r,mnn,v fu
,,.n,,o,,i,, h, stnL ,,,,,,J Lv tho rnuniv nyd IN
II l,t ..',, :, m, h; !. . ~ W. H.