Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1850-09-21

Gu auuuetly ana noi0 tnelf Othce tor one wear
and until their successors shall be chosen and
qualified; each director shall be a stakeholder
at the time Of his election, and shall cease to
be director when he shall cease to be a stock
holder; the directors shall have power to fill
all vacancies in their board, which shall hap
pen by death or otherwise; and in the event
of failuFe to 6ll any such vacancy for one
month, the stockholders shall fill the same; a
majority OF the directors of said several COM
panies shall De quorum competent to trans
act all business for their respective companies.
Sec II. That the directors of said several
companies before entering upon the duties of
the Office, shall take an oath or affirmation
faithfully and impartially to discharge their du-
ties; they shall choose a president from among
their number, and shall appoint such officers
agents and supeFintendents, as they shall think
proper; they shall determine upon the amount
Of any bonds they may require from any off,
Ger, and pass upon their suffeieney prescribe
the amount of any installments to be paid up
on subscriptions, and the mode and manner OF
enforcing payment Of any such subscriptions,
and take the general charge and supervision
Of said company.
Sec. IS. That il shall be lawful for said
directors to enter upon, aud take possession of
stone and earth, necessary for the laying out
and construction of said several plank or turn
pike roads aforesaid, and necessary appurten-
anees and appendages thereunto, doing no un-
necessary damage; and if it shall be necessary
to enter upon any lands other than public
highways for the right of way and materials
for the construction and repair of said several
roads said several companies shall in all res
poets be governed by the provisions of an act
entitled 'san act to provide for the regulation
of turnpike companies" passed January 2,
1917, and the several acts amendatory there
n; and provided further, that said several COM
paHies shall not take more than sixty feet in
width for said several roads.
Sec. I9. That whenever any one of said
companies shall have constructed their said
road by turnpiking and draining, and shall
have covered the same not less than eight feet
vide, with plank at least two inches thick, or
shah have covered the same with gravel or
broken stone, or other proper materials instead
Of plank.so as to make good substantial road,
the same shall forever thereafter be and re-
main public highway, for the passage of an
imalsteams and travellers Of every description,
on the payment of such tolls as the directors
may from time to time, establish; and said
road, with all its appurtenances, together with
ali profits and tolls arising therefrom, are here
By invested in said corporation.
Sec. 90 That whenever any FIVE coniinu-
Gus miles Of any one of said several roads
shall be completed according to the true in
tent and meaning of this act, the directors Of
any such company shall have power to erect
gates theron, and ordain and establish a rate
Of tolls, which shall be levied on all animals,
teams, vehicles and property of every descrip-
ton passing on said road, and shall be paid by
the owner or owners thereof, or person or per-
sons in possession thereof before the same
shall pass any gate where toll is to be paid;
and for the collection of said tolls, the said di-
rectors shah appoint collectors and erect gates,
and may ask, demand and receive the tolls un-
der this act; provided, however, they shall in
no case exceed the rates now authorized to be
charged on the Western Reserve and Maumee
roads
Sec. 2I. ibat said said several companies
shall be entitled to the benefits of all laws for
the benefit Of turnpike roads; and the collec-
lion Of tolls which have been or may be en-
acted BY the general assembly ef this state.
Sec. ~ That said several companies may
at any time contract debts and borrow money,
not exceeding in amount twice the amount of
the capital stock of any such company and to
Yeceive the same, may give such bonds, notes
mortgages, pledges and other aecurities as the
directors may deem proper. payable at such
terest as may be agreed on.
Sec. 23. That each of said companies may
receive subscriptions TO the capital stock of
such company, BY the board of commissioners
Of any county through which any such road,
may in whole or in part pass, not exceeding in
amount the sum Of twenty five thousand dol
lars by the board of commissioners of any one
county; and the county commissioners of any
such county are hereby authorized to subscribe
to the capital stock of any such road the sum
aforesaid; and to pay the same, they shall
have power to sell at public sale any stocks
owned by such county in any corporation or
company, and shall also have power to borrow
money at any rate of interest not exceeding
seven per cent, payable semi-annually in ad-
vance; and TO secure the paymentof the same
at atsach time as may be agreed on, they shall
have power to make, execute and deliver such
bonds notes, mortgages, pledges and securl-
ties as may be necessary or proper to secure
the payment of the money so borrowed; and
they may also covenant for the levy and col
lection and appropriation of such taxes as may
be necessary or proper to pay the principal
and interest on any money SO borrowed; and
the said board Of commissioners of any such
county are hereby invested with power to levy
and collect such taxes, in tho same manner
that county taxes are or may be by law levied
and collected: provided, that before any sub
scription shall be made as aforesaid, by the
board Of commissioners of any such county,
vote Of the qualified voters of such county shall
\, 4, 4 =, fsxror ,f e,,cL suhscrinliop in tho /
manner pointed out in "an act regulating the
mode of proceeding, where county commission |
ers may be authorized by law to subscribe to
the capital stock Of railroads, turnpike roads or
other incorporated companies in this state" |
passed February %, 1s46: provided, also,
that the board Of commissioners of any such |
county may, if they dem proper, levy the tax
SO as aforesaid authorized to be levied, on the
real estate only of any such county. at rate
per acre to be fixed by said board; or said
houwa ,,,a,1 &c $havy danno y,rorer anDorti0n tn