Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1851-03-31
with the recorder Of the county, they shall
be exempt from the said liability. ,.,...

: with the recorder of the county, they shall
i be exempt from the said liability. .',,..
D Sec. IA. If any certificate, report made
$ or public notice given, by the officers of AN,
n such company, in pursuance of the provis
: ions of this act shall be false in any materi
. al representation, all the officers who shall
5 have signed the same, knowing it to b.
, false, shall be jointly and severallyq liabl,
for all the debts of the company contracted
: while they are stockholders or officers there.
OF. "a s..e,3 a.:e. .gagssa.-i,,,.i -ff o.. s,s.
i Sec. Is. That stockholders of any COM
r pany organized undert the provisions of this
act, shall be jointly, seyerally and individ-
ually liable for all debts that may be due
and owing for all debts and services per-
| formed for such corporation. ss 3.. al So.
j. Sec. sl6. No, stoekholder shall /, be per-
sonany liable for the payment of any debt
contracted by any company formed under
this act, which is not paid within one year
from the time the debt is contracted, unless
suit for. the collection of such debt shall
be brought against such company within
one year after the debts shall become due /;
and no, sui, shall be brought against any
slockholder who shall cease to be stock
holder in any such company, for any
debt so contracted, unless the same shall
be commenced within two years from the
time be shall have ceased so be a stock
holder in such company, nor until an execu-.
tion against the company shall have been
returned unsatis6ed in whole or in part. d
Sec H. Any corporation formed under
this act shall have full power to maEufac-
ture and sell, and to, furnish such quantities
of gas as may be required in the city, town
or village where the same may be located, ).
for lighting the streets, and public and pri-
vate buildings, or for other purposes; and
such corporation shall have power to lay
conductors for conducting gas through the
streets, lanes, alleys, and squares, in such
city, town or village, with the consent ef
the municipal authorities of said city, town
or village, and under such reasonable regu-
lations as they may prescribe; and such
municipal authorities shall have power to
exempt any corporation formed under the
provisions of this act, from taxation on their
personal property, for city or county pur-
poses, for period not exceeding three years
fro,, tba orna nan;,.t;on &c ca;d cornorot;on
saoN1s A. nar.on w;llr,llg ;n;ur;nr
or cans;no to bs ;n;ur.d .nv nronertv ef
~ oorner.t;on crsstad nrdsr ,p;s act .ba II
farleit and n,v 70 III. said cornorst;on treb. tTf
h. tbs amopnt of dsmaees sustained bx
snch in;urv to he recovered in anv coprt
having cognizance thereof. .sass.s. n
formsd nnd.r .b;s sct NV increase .. ii.
minish #. can;tal stock bv camnlv;no with
tbs nrov;s;ons of hi. act 70 any amonnt
which NAV h. deemed suf;ci.nt md nroner
for the purposes of the CORPORATION. But
before anv CORPORATION shall be entitled to
diminish the amount of its capital stock.
if the amount of debts and liabi tiles shall
exceed tbe amount Of ca apital 10 which il is
propro,sed TO be reduced. such amount of
debts and liabilities shall be satisfied and
reduced so as not to exceed such diminish
ed amount of canital. and anv existing com.
pany heretofore formed under any specia,
act, NAV come under and avail itself of the
privileges and provisions of this act by COM
plyine with the following provisions, and
thereupon such company, its officers and
STOCKHOLDERS, snail De SuDIeCt TO all the re-
strictions. duties and liabilities Of This act.
Sec. 20. Whenever any company shall
desire 10 call meeting,ofth stockholders,
for the purpose Of nyailing itself of The
privileges and provisions OF this act, or for
increasing or diminishing the amount Of it's
capital stock, or for extending its business,
it shall be the duty of the directors to pub
lish notice signed by at least majority
of them, in a. newspaper, in the county, il
any shall be published therein, at least six
successive weeks, and 10 deposit, q written
or printed copy thereof in the Post Office,
addressed 10 ench s,ockho nj his ,,sunl
place Of residence. at9leest four four weeks nre
yious to The day fixed upon for holding
such meeting specifyine ihe object or the
meeting, The lime and place. when and
where such messing ss.ball be held. and the
amount 10 which ii Shall be prop5osed 10 in. in.
creasa ar diminish The canital md tbe bus.
;ness fof .nch ,c,o,nooany 80 ex,anded md q
vote ofat least iwo.ibirds Of ali the shares OF
s,ock sboiI ha necasssa,rrv q M ;ucre,sa AR a.
Fr.-f'., ~ At - ; :. lTssi.Gl r5Fst