Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1851-03-29
March II, 1851.
mo 33.1

AN ACTrelatIng to Railroad companies
Sec. l. Be IL enacted by the General Asssns-
Gly of the State of Ohio, That whenever the
lines of Railroad Of any Railroad Companies
in this State or any portion of such lines, have
been or may be constructed so as to admit
the passage of burden or passenger cars over
any two or more Of such roads continuously,
without break or interruption, such companies
are hereby authorized to consolidate them
selves into a single corporation in the manner
followings ea5
l. The directors of said two or more cor
porations may enter into an agreement under
the corporate seal of each, for the consolidation
of the said two or more corporations, prescrib-
ing the terms and conditions thereof; the
mode of carrying the same into effect; the
name of the new corporation; the number Of
directors, which shall not exceed thirteen; tie
time and place of holding The first election OF
directors; the number of shares of capital
stock in the new corporation; the amount of
each share; the manner of converting the
shares of capital stock in each of said two or
more corporations into shares in such new cor
poration; the manner of compensating stock
holders in each of said two or more corpora
tions who refuse to convert their stock into
the stock into the stock of such new corpora
ton, with such. olher details as they shall deem
necessary to perfect such consolidation of said
corporations. And such new corporation shall
possess all the powers, rights and franchises
conferred upon said two or more corporations
by the several acts incorporating the same, or
relating thereto respectively, and shall be sub
ject TO all the restrictions and perform all the
duties imposed by such acts, so far as the
same may be consistent with the provisions OF
this actj Provided, That all stockholders in
either Of such corporations who shall refuse
to convert their stock into the stock of such
new corporation shall be paid at least par val
ne for each of the shares so held by them, if
they shall so require, previous TO said consoli-
dation being consumated.
II. Such agreement of the directors shall
not be deemed to be the agreement of the
said two or more corporations, until after it had
been submitted to the stockholders Of each of
said corporations separately, at a meeting
thereof, to be called upon notice of at least
thirty days, specifying the time and place of
such meeting and the object thereof, to be ad-
dressed to each of such stockholders, when
their place of residence is known, and depos-
tied in the post office, and published for at
per in at least one of the cities or towns in
which each Of said corporations has its princi-
pal Office of business, and has been sanctioned
by sucr stockholders by the vote of at least
two thirds in amountof the stockholders pres
ent at such meeting voting by ballot, in re-
gard to such agreement, either In person or
by proxy, each share of capital stock being en-
titled to one vote; and when such agreement
Of the directors has been SO sanctioned by
each of the meetings ofthe stockholders sepa-
rately, after being submitted to such meetings
in the manner above mentioned, then such
agreement of the directors shall be deemed 10
| be the agreemen: of the said two or more cor
porations'
Sec. 2. Upon making the agreement men
toned in the preceding section, in the manner
required therein, and filing duplicate or
counterpart thereof in the Office of the Secre-
tary of State, the said two or more corpora
tions mentinnnd or referred 10 in the said first
section, shall be merged in the new corpora
ton provided for in such agreement, to be
known by the corporate name therein men
toned; and the details Of such agreement
shall be carried into effect as provided therein.
Sec. 3. Upon the election of the first hoard
of directors Oft the corporation created by the
agreement in the first section of this act men,
toned; and by the provisions Of this act, all
and singular the rights and franchises of each
and all Of said two OF more corporations. par
| ties to such agresment all and singular their