The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1850-02-15

not sell do aiOfeBalo, tne receiver shall
after the Same notice, offer for sale SO
much Of the road as lies between Zanes.
vile and Chillicohe, provided it be for
an amount sufficient To p ayall the debts
of the company; and the purchasers
shall be bound TO fuish only the road be
tween GAINESVILLE and Chillicothe, as be.
fore provided.
SEC. 4.--lf The road is not sold as in
section three, The receiver shall after
ninety days notice offer the whole road
for sale, for sum that will pay all the
debts, the purchasers binding themselves
only to finish the unfinished portion of
the road between GAINESVILLE and Chilli
cothe.
SEC. 5.--That The receiver shall re.
ceive The bids Of any person or persons,
who shall enter into bonds 10 the State
of Ohio, with sufficient security to the
satisfaction Of said receiver, conditioned
for the payment of the amount of the
bid to the same receiver-oDe third in
hand, one third in two, and one third in
three years, with interest on each defer
ed payment.
SEC 6, Isto regulate the confirmation
of the sale.
Sec. THE purchasers may create
capital stock not exceeding three hun
dred thousand dollars, in shares Of fifty
dollars each.
SEC. S.-If Asbury Bassett should de.
cline, or be unable to serve, any one of
the Judges OF the Supreme Court upon
application, shall appoint receiver in
his stead.
SEQ. 9.-Providcs for the distribution
Of the purchase money, under the direc.
tion of the Supreme Court. among the
creditors, having due regard to "aIl es'
tabished liens and prorities."
SEC, l0.-"That if the road shall sell
under either of the provisions Of this act
and the purchaser or purchasers shall
fail to complete the unfinished portions
of said road within the time prescribed
in the section under which said sale may
have been made, the purchaSeror pur
chasers shall forfeit all right to charge
and receive toll for ten miles on either
side of said portion so remaining unfin
ished, from and after the time limited for
the completion, until the same shall be
completed.
So great is the mass of petitions pre-
sented, that tho House this morning re.
solved that the names of members be call
ed alphabetically hereafter for that pur.
pose.
A discussion was had between Messrs
Ball, Pugh, Long and others this morn
ing on bill to authorize Shelby coun'
ty to subscribe to the BellFontaine and
Indiana Railroad. Mr.. Long opposed
the principle of the majority creating
such debts. Mr.. Ball defended it a.
both democratic in principle and practice
He is certainly correct. The discussion
closed with personal alteration be
tween Long and Pugh. They called
each other the member from Green town
ship, and the member from MiIlcreek
Pugh reminded Long OF his offer Il
sweep out the House, &c.
In the afternoon, Mr.. Wever offered a
resolution to go into an election of mem.
Der of the Board of Public Works to-
morrow, which was disagreed to--yeas
26. nays 2S Messrs. Ely T, Tappan, Gid
dings, and ]. w. Taylor late of the Ciu.
cinnati Signal, are Free Soil candidate,
for Secretary of State. Giddings is T;
young lawyer of this place.
The Senate was on tho Appropriation
bill, the most of the day. Messrs. John
son, Burns and Chase talked a great
deal, and took up the time. The appro
priation for the State House was fixed a
eightythousand, Mr. Whitman voting eye
Before concluding the discussion of a
mendments, the Senate adjourned. Tn,
Appropriation bill is the special orde
for II O'Clock, each day, until disposed OF
The House disposed Of great numbe
of bills in Committee of the Whole.
RUSHCREEK.