The Lancaster gazette. (Lancaster, Ohio) 1846-1852, 1851-03-13

whaiever.
SIC. 8. No subscription shall be made
by The commissioners Of the county Of
Fsir6eld. as contemplated by the first and
second s]eetiDns Of This act. until the sum
Of one hundred thousand dollars has been
in good faith subscribed by responsible
persons. and by the prnper coiporaie au.
thnrities of The tuwn nf Lancaster, or ei
Their nfthem. nor until it shall be certified
to said commissioners by the caurt Of
Common Pleas Of said county, that il has
been made appear to said court. al any
regular or special term thereof. by proof.
that so much of said sum as has been sub
scribed by individuals. has been subsclib
ed by persons who are responsible. and
able to pay their respective Subscrip
lions.
SEC. 9. That the mayor ar presiding
officer ofthe town of Lancaster. is hereby
empowered, for aud on behalf of said
town Ia subscribe 10 the capita stock Of
said railroad company any sum not ex
ceeding twenty.f five thousand dollars. and
in payment thereof may issue bonds Of
said town. signed by the Mayor or pre-
siding officer, and countersigned by the
Recorder thereof, bearing interest at a
rate mol exceeding seven per centum per
aunum. payable annually, either in the
city If New York. nr else where, as the
own Council may elect. and for The re-
demplion of said bonds. the stock afure.
said, together with the faith Of said town,
are hereby pledged. aud the Town Cnun'
cil OF said town are hereby authorized to
levy annually, a special tax upon the
property subject to tax for State and coun.
~ purposes ia said town, sufficient To pay
the interest, aud such portions Of the prin
cipal, rs may from time To lime become
due, of the bonds aforesaid, which taxes
shall be collected in the same manner as
taxes for Stale and county purposes.
Provided that before any such Subscfip.
ton shall be made. ;he expediency there.
of shall fist be submitted 10 The qualified
electors of said town, and for that pur.
; pose, said town council shall give notice
in the ewspapers published IL said town
at least twenty days before, OF any cleo.
ton which may be held. either on the day
fixed by law Iur the election Of tnwn nhi.
J GERS in said town, or on any other day in
u said notice specified. which notice shall
u also set forth the proposed amount ufsuch
I subscription of stock; and the voters va.
u ting at such election, shall vote by ballot.
'For railroad subscription" or against
: railroad subscription" and ifon counting
the ballots, it shall appear that there is Il
majority of votes "ior railroad subscrip.
liuu.' then the mayor or presiding officer
aforesaid. shall subscribe the amount ui
$ stock specified in the notice aforesaid, but
. not otherwise.
SIC. 10. The stock SO subscribed by
u such presiding officer shall be snhject1t
the control of the town council vi said
tnwn of Lancaster, aWl said town %cuunci
J shall represen, the same aud may appoint
I an agent To vute upon said stock in all
meetings of the Stockholders ufsaid CON.
o pany, as the proxy 0fsaid town. which a.
II gent may be removed al the pleasure uI
the said council, and said town council
shall have power To sell and dis;" so al
Il said stock. whenever in their opinion, the
interests of said town will he promoted
thereby. Provided. that the proceeds oI
I such sale shall be first applied 10 exlin.
guish any Indebtedness Of said town, in,
CURED under this act.
u SEC, IL. The issuing of the bonds oI
/ said town shall be taken as evidence thai
the requisition ofthis act. in relation there
to have been fully complied with, P"r.
{, vided they are regular IN their face. and
i in the hards of hama file huldrrs thereof
JOHN F, MORSE,
% Speaker of the House of Rep.
l. CHARLES C. CONVERS,
a Speaker ofthe Senate.
February 81, 1851.
- SEcnETARY OF STATES OFFICE.
ii COLUMBUS. MARCn s., 1851.
hereby certify the foregoing to be
al correct copy ofthe original roll on file il
this office,
HENRY w. KING,
N Secretary ofStale.
AN ACT Fixing the times Of holding the Court o
- Common Pleas in the Seventh Judicial Circuit.
u: SIC. |. Be il enacted by tie General AsScm6l.
ID o(the State Of Ohio, That. In courts Of ominol
r pleas slull hereafter be held in the several coun
:. ties 1T the seventh Judicial circuit, at the severa
terms herein prescribed, namely
L' In the county of Butler, on the "a day 0T Feb
le runry, Goth Day of May, and 9th day of Octoheri
,e In the county of Greene. on the 10Th day o