The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1849-08-10


such time us may be deemed expedient by said
commissioners; or such bonds or obligations. or
any part thereof, may be issued directly 10 said
company in payment Of said stock, rs said com.
missioners and the officers Of said company may
ngree.
SEc. 3. That said commissioners shall keep an
accurate register all bonds or obligations issued
uBder the provisions of this act, showing the
dates. numbers and amounts thereorand TO whom
and when payable, and the rate of interest stipu-
lated thereini and they shall also cause to be kent
in the office of the county auditor such books and
entries as will fully show all liabilities, receipts.
disbursements and the precise state of 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
scrbed 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 of said county from
and after the contracting OF any Indebtedness a.
gainst said county under this act TO add such Der
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 fluid ofsuch amount as
led, when collected. shall be applied to the pur-
pose aforesaid, and to none other.
SEC. 5. That said commissioners shall, by
themselves or such agent or agents as they may
appoint, have full power TO vote at all meetings
ofthe stockholders of such railroad company. in
proportion to stock owned by the county and in
all other respects 10 act in the business of such
company as individual stockholders in the same
are authorized by law to do; and the said commits.
sioners are hereby authorized, whenever thew NAV
deem the same expedent, to sell and transfer any
or all stock owned by the coInty, in such compa-
ny, in order 10 pay OF the Indebtedness which
may arise under this act; Provided, however that
no sale or transfer Of any stock shall be valid un-
less it produce its full par value; and the proceeds
Of such sale shall be applied to the eximguishment
ofan equivalent amount of the Indebtedness the
county created under this net.
SEC. 6. That before any stock shall be sub-
scrlbed to sach railroad company under this act,
the question shall be submitted to the qualified
electors of said county, whether the county shall
become subscriber or not; and to this end il is
further provided that upon the written applca-
ton OF thirty more citizens of said county TO
the sheriff OF the same thirty days prior TO any
annual spring or fall election it shall be the duty
of said sheriff to give notice, at least twenty days
prior to said election, by advertisement in all the
newspapers published in said county. and contin-
ue the same in said papers until the time of said
election, that vote will be taken for and against
such subscriptions and the said sheriff shall also
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, as aforesaid, vote for against such subscrip-
ton. by using one or the other of the following
phrases TO be printed or written on their ballots,
"for subscription" against subscription"
SEc. 7. That the judges Of said elections, in the
several townships OF said county, shall respective.
ly keep a statement OF all the votes given for and
against said subscription at said elections; and.
within three days after said elections, the Judges
of elections shall certify to the clerk of the court
of common pleas of said county the number of
votes given for and against the proposition; and it
is hereby made the duty ofSaid clerk in the pres
ence ottwo justices he peace OF said county, 10
examine and make an abstract of all the votes
given in the county against and all the votes Civ
en- in favor OF subscription, which abstract shall
be signed by said clerk and Justices and filed in
the office OF said clerk; and il ii shall be found that
more than half the votes given at said election on
the question shall be in favor OF subscription the
clerk shall certify the same to the county com
missiOners, whose duty it shall be thereupon IN
subscribe for the stock in such railroad company.
and in all other respects to conform themselves 10
the provisions Of this act: Provided, that ii mn
joriy of the votes so given be against subscription,
the question may, on like application, be in like
manner submitted to the qualified voters of said
county at the next or any subsequent annual
spring or fall election; and it, at such second or
any subsequent elections, said question be deci
ded by majority of the votes, given thereon in
favor OF subscription, such decision shall have the
same effect and force us IL made at the first elec
ton.
SBc g. That said commissioners shall allow
said sheriff, auditor and the publishers of said pa
pcrs, reasonable fees for their services under this
act; and the snid commissioners shall be entitled
TO the same per diem allowance for the time oc-
cupied in the discharge Of any of the duties mpos-
ed on them by this act as they now, or may here
after be, by nw allowed for other services
SEC. .. That any two oRsnid commissioners may
do and perform any act or thing which the said
commissioners are, by this act authorized or re-
quired to do or perform.
SEc 10. That this act shall take effect and be
in force from and after its passage.
JOSEPH s. HAWKINS.
Speaker Of The House Of Representatives..
CHARLES b. GODDARD,
Feb. "a, l848. Speaker Of the Senate.
AN ACT to amend the act authorizing tho
Commissioners OF Fair field county to sub.