The Portsmouth inquirer. [volume] (Portsmouth, O. [Ohio]) 1849-1855, 1851-03-10
LAWS OF OHIO.
BY AUTHORITY.
AN ACT
AN ACT
To authorize the formation of Gas Light Com
naniPS. 49,.

bEy of the. State of Ohio, That any thrte OF
more persons who may desire tO form company
for tue purpose of manufacturing and supplying
gas for lighting the streets and public aud prl-
vate buildings of any city, village or town IN
tins State, may MAKE, sign and acknowledge,
before some officer competent to take ackn0wl-
edgments Of deeds, and HE in the Ofhce u The
Recorder of the county i'll whchthe business VI
the company shall be carried ON, and duplicate
thereof in the CIhce Of the Secretary OF state,
certificate, in writing, in which shall be statet
the corporate name of said company, and tht
object iorwhich the company which shall be
formed, the amount of the capital stock of the
said company, The term Of its existence, not To
exceed nifty years, the number Of shares oi
which the said stock shall consist, the number
ot directors, and their DameSss who shall man.
age the concerns Of said company for the trSt
wear, and the names of the town and county in
winch the operations oi the said Company are to
he carried On.
SEC. O.. When the certificate shall have
been flied as aforesaid, the persons who Shall
have signed and acknowledged the same, and
their SUCCESSORS, shall be body polite and cor
pOrate. in tact and in name, by Inc name stated
in such certificate, and by that name have sue
cession, and shall lie capabie OF sung and being
sued in any court of law Or equity III this State
and they and their SUCCESSORS may lave com
mon seal, and may make and alter the same al
pleasure and they shall, by their corporate
name, be capable IN law, Of purchasing, hold.
ing and conveying any real Or perSollal estate
whatever, Which may be necessary t0 enable
the said company to carry On The Operations
named in such certificate, but Shall not mortgage Z
the same, or give any lien thereon.
SEC. 8. The stock, property, and concerns oi
such company, shall lie managed by not less
than three, nUr moe than nine dlrectols, whC
Shall, respectively, be stockholders III such
company, and citizens of the Lniled States, ant
majority Of whom shalt be residents VI TIM
state, and who snail, except Tie trSt year, bt
annually elected by tie STOCKHOLDERS, al Sutl
time and place as shall bs directed by tie by
laws of the company and public notice Of tlt
tine and place Vi holding such election sLal
be published not less than len days prevlUI'
Thereto, III newspaper printed in tie piac'
Where tue Operations If the SAID ctnpaDy sLal
Ie calrl On; and the election Sian lie mad
by such Of the stock holders as Shall attend "
tlat purpose, either III person or by proxy. Al
elections Shall be by ballot, and each stockhoid
II snail Dc entitled 10 as many votes as lie
she owns shares VI stock in HE SAID company
ana The person receiving the greatest number Y
votes Shall be directors, and When amy vacanc
shall happen among the directors, by death, re
senatlon, or otherwise, it Shall be illl.d ior ILL
remainder Of the year in such manner as may b
provided Tor by the bylaws of the said compa
ny.
Sec. 4. In case it tshall happen at any tim
OF IN 1ln ..f nod
on The day designated by the by laws OF Sal
con pany when II ought to have leen made, Tn
company, Tor thatreason, shall not he dissolved
but 1t shall be lawful Oh any other day t, holt
an election for directors, in such manner a
shall be provided by the said bylaws, and al
acts of directors shall be valid and binding a
againstsuch company until their SUCCESSORS Shal
be elected
Sec. 8. There shall be President of tn,
company, who snall be designated from th
number of the directors, and also such subordi
nate officers as the company by its bylaws
may designate, who may be elected or appoint
ed, and required to give such security for th
faithful performance Of the duties Of their of
fee, as the company, by its bylaws, may re
quire.
SEC. 6. 1t shall be lawful for the di
rectorS to call in and demaEd from the stock
holders, respectively, all such sums of money
by them subscribed, and at such times, and i
Such-P payments or instalments as the director
shall deem proper, under the penalty Of forfeit
ing the shares Of stock subscribed for and 81
previous payments made thereon, if paymer
shall not be made by the stockholders With
sixty days alter personal demand, or notice Ie
cilnh na boI III I,on
for SIX successive weeks, in any newspaper j
the place where the business of the cGmpan
Shall Ue carried on, as aforesaid.
SEC. Z. The directors Of such company sha
have power to make such prudential bylaws q
thry shall deem proper for the management an
disposition Of the stock and business affairs, {
such company, not inconsistent with laws oft
State, and prescribing the duties of officers, ar
lhcers and servants that may lie employed, ft
the appointment Of all Cffcers, and ior canyin
on the business aforesaid.
SEC. 8. The stock of such company shall b
deemed personal estate, and shall be transfera
bic in such manner as shall be prescribed byth
bylaws Of the company. d
SIC. o. A copy uf any certificate of incor
poration, filed in pursuance Of thi, act, certifi
ed by the count, Recorder or bis deputy, to be
true copy, and of the whole Of such certificate
shat hs received in all courts and places, q
presumpttii;;s legal evidence cf the incorporation
Of such company. If tho sS,.1le Shall comply wit
the provisions Of this act.
Sec. 10. All the stockholders incorporate,
under this act, shall be severally individually
liable to the creditors Of the company in " hicl
they are stockholders, in proportion TO tht