The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1851-04-09
mo. s3,1
y
AN ACT
Relating to Railroad Companies.


eec. 4. Be itsaacted BY the GsHsrdI As
ssrbly Of the State Of Ohio, That whenever
qhe lines OF Rail Road of any Rail Road
companies in this State, or any pordon OF
such lines have beoa or lnay be constructed,
~ as to admit the passage Of burden OF pas,
ssHgeF cars over any two or more Of such
roads continuously, without break or inter-
IHption, such comp Ries are hereby authors
Esd to consolidate themselves into single
cooperation in he manner following.
1. The directors of said 40 OF more cor
lporatiOns may enter into an agreement un>
der The corporate seal of each, for The con-
solidalleH Of the said two or more corpurs>
tOns, prescribing the terms aud conditions
thereof; the mode Of carrying the same into
@tfsct; the name of the new corporation; the
number of directors thereof, which shall not
exceed thirteen; the tlme aud place Of hold
ing the Erbt election of directors: the nHR-
Der of shares Of capital stock in the new
esfporaion; the amount OF each share; the
manner uf converting the shares Of capital
stock in each OF said Two or more corpora
nions into shires in such new corporAtio n,
tine manner Of compensatng stockholders III
each Ot said TIVE Or more corporations who
refuse TO convert theE sock into the stock
of such new corporation, with sIch Othel
"details as they shall deem necessary to per-
feet such consolidation OF said corpnrations.
And such new corporations shall possess all
The powers, rights aud fTupch:ses conferred
tipon sa'd two or more corporations by The
several acts incorporating the same, or rela-
ting thereto respectively, aud shall be sub
J~ct To all the restrictions aud perform all the
duties imposed by such acis, so fnr as the
same may be consistent with ,ke provisions
II this aet; Provided, That al! stockholders
IN either Of such corporations who shall re-
fuse TO convert their stock into thR stock Of
such new corporation sh8l be paid at least
par vau. for each of the shares so held by
:hem, II they shah 80 require previous 10 SAID
consolidation being consummaled.
II. Such agreement of the directors
shall not be deemed TO be the agreement Of
she said two or more corporations, until after
II has been submitted 10 The Stockholders Of
each Of said corporations separately al meet
ing thereof; to be called upon notice Of al
least thirty days, specif ing the time and
place of such meeting, and the object there
ot, TO be addressed to each Of such siockhol.
ers, when their place Of residence 10 known,
snd deposited in the post office, and publish
ed for at least three successive weeks in one
newspaper in al least one of the cities or
towns IN which each of said corporations has
is principal Office Of business, snd has been
EaHctioned by such stockholders by the vote
nf at least two-thfds in amount Of The slocH-
holders present at such meeting, voting by
halioi, in regard TO such agreement, either in
person or By proxy, each share Of capital
stock being entitled TO one vote; and when
snch agreement of the directors has been
70 sanctioned BY each Of the meetings Of the
stockholders separately, after being submit
Sed 10 such meetings in the manner above
Nocntianed, then such agreement Of the d.
sectsFs shall be deemed to be the agreement
Of Ire said two or mura CORPORATIONS.
Sec. 2. Upon making tho agreement
snenticned In The preceding section, in the
manner Ssqaired therein, and filing a dupIi.
cate or counterpart thereof in the Office ol
the Secretary of State. The said 1--WE or more
corporations mentioned or referred 10 in the
said hrst section, shall be merged in the new
corporation provided for in such agreement
70 be known By the corporate name therein
mentioned and iba details OF such agreemen,
shall be carried into effect as provided thsre
10.
See. >. Upon the election OF the frs
bosFd Of directors Of tho corporation create,
by the agssemfnt in the first aec,ien Of hi
act mentioned; and by the provisions Of thi
act, ail and singular the rights Rnds frapcb
sss 0f each and ai Of said iwo or more cor
pgSaaions, psrties TO such agreement. all an
singular their rights and Interests, 10 and
srery speciss Of property, real, personal on
aaxsd, and things IN action, shall be deeme
I'd be transferred to aud vested in such ney
aorpafniion, without any other deed or trans
faf; ard sHeh nev corporation shall hold an
enjoy ire same. loeeihsr with the right Z
@sy and al other rights Of property, in th
saA.e msansr, aud 10 the same extent, 10