The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1851-03-26
OF OHIO.
No, l3.
AN ACT to authorize the formation of Gas Light
Companies.
BY AUTHORITY.

AN ACT to authorize the formation Of Gas Light
Companies,
Sec. 9. BE il enacted by the General
Assembly Of The State Of Ohio, That any
three or more persons who may desire To
form a company for the purpose of manu-
lacIuring and suppl, ing gas ior lighting the
streets and public aud private buildings of
any city, village OF lown IN this State, may
make, sign aud acknowledge, before some
officer competent to take acknowledgements
of deeds and file in the Office of the Recor
der OF the county IN winch The business OF
the company shall be carried on, and du-
plicate thereof in the Office of the Secretary
of State, u certificate, in Writing, in which
shall be stated the corporate name Of said
company, and The object for which the COM
pany shall be formed; The amount of the
capital stock of The said company, tho term
of lis existence, not to exceed fifty years,
the number of shares Of which the sad stock
shall consist, the number of directors, and
their names, who shall manage the concerns
of said company for the first year, and tie
names of the Town and county in which the
operations OF the SAID company are to be
carried on.
Sec. 3 When the certificate shall have
been fled as aforesaid, the persons who shall
have signed and acknowledged the same, and
their A"ccessors, shall be body, polite and
corporate, in fact and in name, by the name
stated in such certificate, and by that name
have succession, and shall be capable Of su-
ing and being sued in any court of law Or
equity in this State; aud they and their sue.
cessors may have common seal, and NAV
make and alter the same al pleasure; and
they shall, by their corporate name, be ca,
pabiein law, Of purchasing, holding aud con-
veyiig any real and personal estate whats
ever, which may be necessary 10 enable the
said company to carry on The operations ma
med in such certificate, but shall not mort
gage the same, or give any lieu thereon.
Sec. 3, The stock, property, and con-
Germs of such company, slKaA be managed
| by not less than three nor more than nIne
directors, who shall, respectively, be srock
holders in such company, and ciizens of the
UniIed States, and a majority Of whom shall
he residents OF this Slate, and who shall ex-
cept the first wear, be annually elected by
The stockholders, AT such time ana place as
snail oe directed by the bylaws of The com
pany; and public notice Of the time and
place Of holding such election shall be pubs
ished NOT less than len days previous there.
to, N newspaper printed in the place where
the operations Of the said company shall be
carried on; and the election shall be made BY
Isuch Of The stockholders as shall attend fol
that purpose, either in person or by proxy
4 All elections shall be by ballot, and eacl
,lstockhnIder shall be entitled to MS many
votes us he or she owns shares OF stock il
the said company, and The persons receiving
the greaiestnulnber ot VOTES shall be drec'
tors; and when any vacancy shall happen a
mong the directors, by DEATH resignalion.o %
otherwise, il shall be filled for the remainde
oE the year ln such manner as may be pro-
vided for by the bylaws Of the said company
! Sec. 4. In case it shall happen al any
time that an election Of directors shall not b.
made Oh the day designated by tie bylaw
of said company, when It onghllo have beer
inade, the company, for that reason, shall no
be dissolved, but il shall be lawful on any
Iothcr day 10 hold an election Tor directors
Ein such manner as shall be provided by The
Isaid by laws, and all acts OF directors shal
be vaid and binding as against such compa
1ny until their successors shall be elected.
Sec. 5. There shall be President Of th,
company, who shall be designated from th'
number Of the directors, and also such sub
ordinate officers as the company by its by
laws, may designate, who may be elected 0
IaPponted, and required 10 give such securi
~ for The faithful performance of The dntie
Of their office, as the company, by lis bylaw
may require.
Sec. u. Ii shall be lawful for the director
to call in and demand from the stockholder
respectively, all such sums OF money, b
tnem subscribed, and al such times, and
such payments or instalments as the direc
tors shall deem proper, under the penalty {
foHeliing the shares Of stock subscribed 70
and all previous payments made thereon,
payment shall not be made by The stockho
ders within sixty days after personal dt
mand or notice requiring such paymer
shall have been published for six successiv
weeks, IN any newspaper in the place wher
The business Of the company shall be carrie
on, as aforesaid.
Sec. 7. The directors of such compan
shall have power 10 make such prudential Il
laws as they shall deem proper for the maj
n agement and disposition of the stock, an
business affairs Of such company, not incor
sisient with laws ofthis State, aud present.
ing the duties Of officers, artifcers and sci
: wants that may be employed, for the az
pointment Of all officers, und for carrying o
the business aforesaid.
| Sec. g. The stock Of such company, sha
! be deemed personal estate, and shall
, transferable in such manner as shall be pre-
sclibed by The by laws Of The company.
Sec. o. A copy Of any certificate Of ii
corporation, filed IN pursuance If This ac
! certified by the county Recorder or his del
uty, TO be rue copy, and Of the whole |
such certificate, shall be received in a
; courts and places, as ptesumpdye legal ev
dence of the Incorporation Of such compan
II the same shall comply with the provision
: of this aci.
Sec. 10. All The siockholdetsincorporr
] led under his act, shall be severally indivit
Haily iihDio " tuc CISultuIs VI Ahc CVHpdH
in which they are stockholders, in proper
/, lion 10 tie amount ofslock held BY them, 7,
speciively, Tor all debts and contracts mad
by such company until the whole amount {
{ capital stock fixed and limited by such com
d Ipany shill have been paid 10, snd q certif
cate thereof shall have been made aud RI
corded as prescribed in The following ser
: tions, and the capital stock so fixed an
i, llimited shaIl all be paid in, one half ;heret
within one year, and the other half With