The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1851-03-27
LAws on OnTo-Ry AalhorIly.

Deen or iuhy De constructed. ~ rs ~ admit NJ.
Passage o. b1fdes. "a passenger cas- Dverany two
or norr Of sneb roads continuously. Vihnnf brcsk
or interruption. such c0mpanirS are hereby VA
tho'lzed 10 cniisolidats themselves into a single
corporation ia the mnnner FOL owing:
] The directors Of said two or more corpofa.
tipns may enter into an agreement under the cor.
purate real Of eaoh. Tor tbe consolidated Of fbv
said lwo or mote corporations, prescribing tue
terms aud conditions iIereo tie mode Of carry.
ing the same into eilsc'; The name af the new
corporation; tie humber Of directors iLercol,
which shall nj exceed thirteen; The time and place
OF holding the iirst election Of directors; the Dum-
shares OF capital stock in il.e new corpnrp.
ton; the amount Of each share; tho manner OF con.
Verthg tue shares Of capital stock 10 each of said
two or more corporations inlO shares 10 sncb
now corporation; the munner Of compensaiiuq
stockholders in each Of said two or more corDory.
ttous, WHO refuse 10 convert their stock into the
sl0ck OF such new corporation. with such other
details as they shall deem necessary 81 perfect
such consolidation Of said corporations. AID
such new corporation shall possess all the pow.
eis, rights aud franchises conferred upon said
iva or more corporations by the several acts ia.
corp0rahng The sumo. or relatiUg thereto respec.
lively. aud shalt be subject In all the %reslric.
tons AMI, perform all the duties imposel by
W. 20 Abe rhlllC may bE consistent
with the provisions Of this act; Propilrd. Tint
all stockholders in either of such c, operations.
who shall refuse u convert their stack intn the
stock OF snet new corporation shall be paid at
least par value for each Of The shares 80 held by
them. u they shdl so require. previous to s1id
consolidation being c-onsninmaieI,
=. such agreement Of the directors shall not be.
deemed 10 he the agreement of the said two or
more corporations. until alter il has been submit.
ed to the stock l0lders Of each of said CORPORATIONS
separately Ut u meeting u,ereOE IT, be called upou
u notice Of at least thirty days. specifying tile lime
and place 0t such meeting, and the object thereof.
10 be addressed 10 each Of such Stockholders when
their place of residence is known, and deposited
IN the Postotfice, aud published for at least three
successive weeks in one newspaper IN III least one
Oi the cities or towns ~ which each of said cor
pora'lobs lns It's principal office If business. and
hhs been sanctioned by such Stockholders hy the
vote OF at least twO-thirds in amount of the stock
holders present al such meeting. voting by ballot.
IN regard u such agreement, either in person or
by proxy, each share O~GcapItal stock being entitled
To Que vote; and when such agreement Of the di.
rectors Inns been 50 sanctioned by each Of tue
meetings OF the Stockholders separately, after he.
ing submitted 10 such meetiugsi ia the manner a
Dove mentioned. lben snch agreement OF the d.
reclurs shall be deemed to be The agreement Of
The said two % more corporations.
SIC. =. Upon making the agreement mention
ed IN Tue proceeding section, in 10 manner re-
CURED therein. aud filing "a duplicate or. c%ountrr-
part thereol IA the Office Of The Secretary Estate.
Tue SAID Two or more corporations mentinned or
referred to IN the said first section, shall lie niere.
ed III lle new corporation provided Tor in such NJ
g%reemeni To be known by the corporate lame
therein mentioned; and the details Of such agree.
ment shall be carried iutu elect as provided there
in.
SEC. 8 Upon the election orllle first board Of
directors oil the corporation created hy the agree.
melt III tile hrst section of1lIis act mentione,l; and
by tile provisions Ot this act, all and sinular the
rights and franchises OF each and all of said two or
more corporations, parties 10 such agreement, all
and singular their lights aud Interests, in and To-
every species OF property, real personal and mix.
Ell ana things III action. shall he deemed to b
tranSlerie ed u and vested in SUCH new cormrgtion
without any other deed or transfer; and such new
c"rpnra'Ton shall hold aud enjoy the same. trgeth.
g. with the right oil way. aud all other rishtSs of
property, III the same manner AMI To Tie same ex-
tent, rs IT the 5 lid two or more cnrpor,,i1us. unr
Ties 10 such agreement, sllou Il have continued TO
relaul the tile; mud transact the business of such
corporations; aud The titles and the real estate nc.
CURED by either Otsaid two or more organizations.
sllall not he deemed to revert or be itnrslired by
meuiIs ofany thing III llis net contained; Prop, 1eH.
lhal all righisOf creditors. and all ines mon the
property OF either of said corporation ms, parties to
said agreement. shall De and hereby are preseI we'd
nniinpalre'; and the respective corporations shall
continue TO exist So far as MAY be necessary Ia EN-.
i'rce The II Aad propidsd further. that all
The debts, liabilities aud ddtics of either compalv
tllencelorth attach 10 such new CORPORATION, and
he enforced lr0ul the same 10 the same extent
and III the same manner. as ir such debts. lalil.
lies and duties had renOriginnllY Incurred hy il
oEc, 4. Any railroad company heretofore or
hereafter Incorporated may, at my time by meats
ol subscription 10 the capital stuck of any other
company or otherwise, and such company in the
construction OF its rallrou /. for the purrnse of
forming a c9nilexinn of said lrst meutinmed road
WIN tie road owned by The company furnishing
Sa'u a'd' or any raIlroad c"mpaiy "lsanized in
pursuance Of law, may lease or purchase any mart
or all Of any railroad CONSTRUCT Ivy any Other
company II said cnmpnny's lines Of rnad are con-
linlousor connect d as atorrsiiii, upon such terms
and cond lions AS may he agreed on between said
companies respectively; or any two or more rail.
road companies whose Ines are 81 connected rinv
enter INTO any ai1nagernel t for their common ben.
ehl, consistent with and On culnted to promote the
Objects lor which they We're created: Propfded
That no such aid shall be furnished nor any such
pnrcllase, lease or arrangement perfected, until n
meeting OF the stockholders Of eurli of said com.
punles, shall have been called by the directors
thereof, al such time and place and III such man.
.ner as they shall designate. and the builder, uf,t
least two thirds Of the stock of such company rep.
resented nj such meeting in person or by proxy,
and voting %tllereat, shall have assented thereto
SEC. 5 All contracts between railroad coinpa.
MES. under the provisions of this act, may be Ell.
lnrced by a decree Of the Supreme court, in suit
IN chancery brought Tor TINT purpose; and any
two judges 0f said court. in vacation. may. after
hearing, nuke any provisional order or decree in
such suit which may he necessary 10 enforce such
contracts, to be in force until The next session of
said court in the proper county.
SEC o. Tile directors OF any railroad company
are hereby authorized Ia sell or negotiate the
bonds or notes issued by said company or receiv,
ed by 1t III payment Of subscription To its CAPITAL
stock or otherwise, at such times and such places.
either wiihili or without this State, and at such
rates as IN their opinion will best advance the in.
terestt Of such conpany; and If such bonds or
notes are thus sold at a discount, such sale shall he
ms valid in every respect us il sold at their par
value.
JOHN {. MORSE.
Speaker ofMe Honse Of Representatives..
CHARLES. c, CONVERS
Speaker ofMe Senate.
March 8, 1851.
AUDITORS OFFICE, FAIRFIELD CoUSTr. UHIo, !
LANCASTER, February 81, 1851.