Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1850-08-10
AN ACT
March %. 1850.

AN ACT
To encorporate the Toledo, Norwalk and Cleve-
land Railroad Company.
Sec. l. Be IL enacted By the General as
sem5ly of the state of Ohio, That Timothy Ba-
ker, Charles L. 3oalt, John Il. Osborn, George
g. Baker, John Gardner, and James Hamilton,
lir., of the county of Huron, Frederick Chap
man. L. @. Rawson, L. B. Otis, H. Everett, A.
B. Taylor and R. P. Buckland of the county
of Sandusky, Hezekiah D. Mason, Edward Bis
sell, Daniel O. Morton, ]. w. Bradbury and
John Fitch of the county of Lucas, and their
associates, successors and assigns, be, and they
are hereby created body corporate and pol
itic, by the name and style of the Toledo, Nor
walk and Cleveland Railroad company, with
perpetual succession, and by that name and
style shall be entitled to have and enjoy, and
are hereby invested with all the rights, privi-
leges and franchises and be subject to all the
restrictions of the act entitled an act regula-
ting railroad companies, passed February IL,
lS4s, and the act amendatory thereto, ex-
cept SO far as the same may be modified by
this act
Sec. p The capital stock of said company
shall be two millions of dollars, and said COM
pany shall have power to construct railroad
from Toledo, in the county of Lucas, by way
of Norwalk, in Huron county, SO as to connect
with the Cleveland, Columbus and Cincinnati
railroad at Wellington, in Lorain county, or at
some other point in said counties of Huron or
Lorain, to be determined by the directors of
said company.
Sec 8. The county commissioners of any
county through which said railroad may lin
whole or in part) be located, shall be, and they
are hereby authorized to subscribe to the cap
ital stock of said company any sum of mon
ey not exceeding one hundred thousand dol
lars; and to pay the same they shall have
power TO borrow any sum not exceeding the
amount so subscribed, at any rate of interest
not exceeding seven per cent. per annum
payable semiannually in advance, and for the
final payment of the principal and interest ot
said sum, SO subscribed or borrowed, to make
execute and deliver such bonds, notes and in
lstruments of writing, as may be necessary OF
proper to secure the payment of the money
so subscribed or borrowed, and levy and col
lect annually, such taxes, together with the
profits, dividends or tolls arising from sale
stock, will pay, at such time or times as may
be agreed upon, said money SO subscribed o.
borrowed, with the interest thereon, and tht
Incidental charges.
Sec. A. No subscription shall be made BY
the county commissioners of any county afore
said, until a vote of the qualified voters of sucl
county has been had in favor of such subscrip
ton in the manner pointed out in an act regu
latng the mode of proceeding where county
commissioners may be authorized by law t
subscribe to the capital stock of railroads. turn
pike roads, or other Incorporated companies il
this state, passed February twenty-eighth
leighteen hundred and forty-six
Sec 5. Said company shall be, and is here
: by authorized to connect with any other rail
! road company, aud consolidate its capital stoc
! with the capital stock of any such company
and to have and use the name and style c
! any such other company, and consulate
part of the same
BENJAMIN F. LETTER,
Speaker House Reps
CHARLES g. CONYERs,
Speaker of Senate.
S@ssA~A ~ a -