The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1849-09-14

SIC. 3. That said commissioners shall keen an
accurate register 0fnll bonds or obligations issued
under the provisions of this act, showing tho
dates, numbers and amounts thereof, and to whom
and when payable, and the rate ofinterest siipu-
lated therein; and they shall also cause TO be kent
in the office of the county auditor such books and
entries will fully show all liabilities receipts
disbursements and the precise state olthe ndebt-
ednesS OF the county, in any way arising under
this act +rr
SEC. L. 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 said county under this act;
and il is, moreover, hereby made the duty of the
commissioners and the auditor ofsaid 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 county, an
nually, over and above the ordinary State and
county taxes. as shall be sufficient. when added
to the dividends or net profits aforesaid TO pay
the accruing interests arising under this act and
| also to provide sinking fund ofsuch amount as
| they may deem expedienti and the money so lev
led, when collected, shall be applied to the pur-
pose aforesaid. and 10 none other.
| SEC. s. That said commissioners shall, by
themselves or such agent or agents as they NAV
appoint, have full power to vote at all meetings
ofthe stockholders of such railroad company. in
proportion to stock owned by the county, aud in
all other respects 10 act in the business of such
company ns individual stockholders in the same
are authorized by law to do; and the said commits
sioners are hereby authorized whenever they may
deem the same expedient, to sell and transfer any
or all stock owned by the county, in such Compa-
ny, in order to pay OF the Indebtedness which
may arise under this act: Provided however, that
no sale or transfer OF any stock shall he valid un
less produce its full par value; and the proceeds
of such sale shall be applied to the extinguishment
ofan equivalent amount of the indebtedness ofthe
county, created under this act.
SEC. G. That before any stock shall be sub
scribed to such railroad company under this act,
the question shall be submitted to the qualified
electors of said county, whether the county shall
become a subscriber or not; and TO this end it is
further provided, that, upon the written applca-
ton of thirty or more citizens Of said county 10
the sheriff ofthe same, thirty days prior to any
annual spring fall election it shall be the duty
of said sherfto give notice, at least twenty days
prior to said election. by advertisement in all the
newspapers published in said county. aud contin.
ue the same in said papers until the time Of said
electtn, that vote will be taken for and against
such subscriptions; and the said sheriff shall ais,
publish in each of the said papers, for the same
length of time, copy of this act and the qualified
electors OF the different townships of said county
shall, at the election given notice of by the sher
i'll, aforesaid, vote Tor or against such subscrp
ton, by using one or the other Of the folowinr
phrases 10 be printed or written on their ballots
''ior subscription" against subscription"
SEC 7. That the judges Of said elections, in the
several townships o said county, shall respective
y keep a statement of all the votes given for anC
against said subscription at said elections; and
within three days after said elections, the Judge,
y of elections shall certify to the clerk 1.-THE conr
: of common pleas of said county the number o
votes given for and against the proposition; and i
is hereby made the duty OF said clerk in the pres
ence oftwo Justices the peace of said county L
o examine and make an abstract of all the vote
G given in the county against ond all The votes civ
en- in favor of subscription, which abstract shal
be signed by said clerk and Justices and filed il
the office of said clerk; and il il shall be found tha
more than half the votes given at said election OF
the question shall be in favor Of subscription tn
II clerk shall certify the same to the county com
y missioners, whose duty it shall be thereupon L
y subscribe for the stock in such railroad company
q and pall other respects to conform themselves l.
II the provisions of this act: Provided, that If m,
jorty OF the votes so given be against subscription
the question may, on like application, be in lik
q manner submitted to the qualified voters of sal
Z county, at the next or any subsequent annus
VI ClcCtuHi anu II, III SUCH second q
IS any subsequent elections, said question be dec
al ded by majority Of the votes given thereon i
favor of subscription, such decision shall have til
same effect and force as IS made at the first ee,
70 ton.
'e Sac. 8. That said commissioners shall allo,
W said sheriff. auditor and the publishers Of said p
pers, reasonable fees for their services under th
act; and the said commissioners shall be entltle
10 the same per diem allowance for the tiv,e o,
cupied in the discharge Of any of the duties impo
ir' ed on them by this act they now, or may her
p after be, by law allowed for other services.
he SEC. 9. That any two ofsaid commissioners mi
Of do and perform any net or thing which the sa
;" commissioners are, by this act, authorized or
.o ~ quired TO do or perform.
IN SEC 10. That this act shall take effect and
on in force from and after its passage
c.t JOSEPH s. HAWKINS,
l. Speaker Of The Hoase Of Representatives..
r CHARLES b. GODDARD,
'rs Feb. "a, l848. Speaker Of The Senate.
AN ACT TO amend the act authorizing u