The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1851-03-06


certificate slall DO acknowledged by the chairman.
and hled as required by the hrst section OF this
act, and when 50 filed. the cnpitni stock ofsnch
corpUrntiun slIall br Increased ~ diminished. 10
ltle pmOunt specified in such certificate, aud The
%bishrss extended as aloressid; Wid the Company
siuil be enuIled to the privileges aud provisions.
and hc subject u tie liability uf this mel. MS the
. $50 may De. That tho capital stock OF each AMI
every such company is may be iornIed umler the
provisions Ut this ACT. shall be annually listed by tue
president ~ secretary lhe,ruK mud assessed Ut It's
rea vulip Ia money aud taxed ia the same lnnr'
uer and lu tue same exteut IA, other cbnitel prop
sI1y. nj the place where the office of nch cainpa.
ny shall be kept, aud shall he subiect1tO all abe
laws now in operation Tor the mxutiDu Of persolt-
Al Properly. or which. may hereafter be enncted
by tue Legislature Of Ohio, subiect.tn the prOvis
iuns relating 10 cOrp"ratiOu taxes III Sec IL Of this
act.
SIC - AT nny time after twenty years from
aud uftet th1 urginizaiou of any curpOru ion tnr'
med utder this act, the Legislature may ldIut such
eOlp,rHlion, but the dissolution OF such company
shall not ulke away az impair any remedy given
against SuCh rurpuraIiun. IFS Stockholders or uiii'
ce,s. Tor any liability which shsll have been llrevi
nnsiy increased incurred
Sgc % upnu the dissolution of any corpora
lion created under this act. unless other persons
/ shall be appointed by the Legislature, On by SOME
court of competent authority. the directors Ul sncl
corporation ut the time oil us dissolution, shall bt
the trustees Of the creditors AMI stnckhulders q
. the same. and siall have tull pVwer in settie the at
lairs Of such curporntiuI. collect aud pay the oul
standing debts and divide among the stOckh0lderl
the moneys anu other property that shall remain
i al er The payment VI debts and necessary expeu
e 50,
SEC. 81. The persons so constituted trustees. a
4 u yiied Tor ia the preceding srctiun. shall hav,
a,tlIurily 10 sue for aud recover the debts un'
# prop rty oil any corporation formed under this acI
d and which may be dissolved, by the name OF tn
trustees uf such corporation, describing ii by it
g corporate name. aud shall be iuintly nud several
+ responsible to the creditors and Stockholders q
A such corporation. IL the rXteutA lis property aut
4. effects that shall q me int0 their hands.
d SIC. %. Nothing contained IN this act shall b
u So construed ms to impair ~ eii,c. the rights oil an
!; earpurHtiuu heretofore Great d under auy speciu
. arl. wilhnui The assent uf such corporation sha
, be lirSi given tllcftlu. in the IN inner hereinbetur
design ied IL the twentieth and twenty first SCI
tluns 81 this nct,
/, SRc 20, The '.uuiciPal anthnrilins Of amy city
81 town or village, in which uuy gaslight cpmpnu
~ shdl he organized under this act, ar any act here
n tuLrre passed, are hereby authorized 10 conlraC
\ with ANY such corporation for Tue lighting I'll
4 streets, lands, squares, and public places, III an
: such ci y. town VI village.
JOHN f. MORSE,
,e Speaker Of tue House Of representative
CHARLES Z C0NVERS,
Speuke r OF the senate.
- January II, 1851 g.