The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1851-03-26


"a, shall be made cut, signed and verified by
oe affidavit nf the ehaifman. and he eoun-
tersened. by toe secfelaTv; and such ee1,i6-
Gale shall be sekDvpiedRed by the chair
man. and iiled as required O., the frs, ,e,,,.n
OF this ACT and When 50 hled, the capital
slock oi such eurPOrailon shall be increased
OF diminished, 10 lie amount specified IN
such certificate, aud the business extended
as aforesaid and Ire company shall be enti.
lied 10 The privileges and provisions, and be
subject To the liability Of this Ct. as the case
may be. That the capital stock OF each AMI
every such company as may be formed un-
der The pfog's,ons Of this aei shall be anUu-
ally listed by tho president or SECRETARY
thereof, ahd assessed at lis real value in
money, aud taxed in the same manner and IN
the same extent as other ehaiiel prooeny. AZ
| the place where Iho office of such romnsny
shall be kept, aud shall be sublocl 10 ali ,be
laws now in operation for the taxation of
personal property, OF which nav hereafter he
enacted by the Legislature uf Ohio. subiec,
20 the Provisions relating 10 corporation taxes
IN sec. II of this ac;.
Sec. %, Al any time after twenty years
from and after The OIganiz,lion Of any cor>
lpoTalioQ formed under this act, the Legisls-
ture may annul such corporations; hut tie
dissolution Of SUCH company shall not take
away or impair any remedy given against
such corporation, lis stockholders or officers,
for any liability which Shall have been pre-,
viously nceastd, [jncurred
! Sec. %. Upon The dissolution Of any
lcotporaliDn created under this act, unIess
lother PERSONS sball be appointed by the Leg.
:!alnre, or by sorne court of competent au-
Ithorly, the directors of such corporation al
lthe time Of lis dissolution, shall he the trus-
tees OF The creditors and stockholders Of tho
same, and shall have full power 10 settle tho
affairs of such corporation. collect and pay
the Outstanding debts, and divide among ho
stockholders the moneys and other property
Ithat shall remain. after the payment OF debts
|, and necessary expenses.
7 Sec, 2l The persons so constituted
lrastees, as provided for in The preceding
section, shall have authority TO sue for and
recover the debts and property of any cor
, poratlun Termed under this act, aud which
may be dissolved, by the name Of the trus-
tees Of such corporation, describing it by its
corporate name, aud shall be Jointly and
sevcraIly responsible to The creditors and
) slockhoIiers OF CHI corporation, 10 The ex>
tent Of lis property and effects that shall
come into their hnrds.
Sec 25 n thing contained in This act
shall be so construed a. 10 lnpaif or affac; the
rights Of any corporation heretofore cteaed
under any special act, wilhnnl The nsacni Of
5 such corporation shall be 6tSi given thereto,
in the manner hetenbclorc Designated in tie
I tventehand twenty first = elton Of this acl.
Sec. %. The municipal authorities of
r any CITY, town or villlge, in which any gas
| light Company shall be organ'zad under this
| ac,, or any acI heretofore pissed, are hereby
: Iauhorz'd 10 contract w:th any such corpo.
: ration for the lighting the streets. lanis,
$ squares ani pabI,c places, IL any such ely,
| town or viIlag"
JOHN r MORSE,
> Speqkrr o} Me House of Representatives..
CHARLES G. CONVERS,
r NPeater Of. .he Senate.
. January II, 1851