The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1852-10-08

u0n OF tllIS HCt, OF any HVe OF mem, aHd
call meeting ofihe stock holders for tb
election Of directors for The government
Of said company.
Sec. Z. That the stock which ma
be subscribed to said rail-road company
shall be payable at such time. and in sue
instalmenis, as may be directed by III
board of directors and shall be transfera-
BILE in such manner as they may direct
Sec. 8. Said company shall hay,
power 10 sell or negotiate the notes o
bonds Of the company, issued by sucl
company, or any notes or bonds OF ever
other raiI.road company, county, city
town or township, that said company ma
at any time hold or Gwn, at such timc
and such places; either within or withou
this State, and at such rate and for sucl
prices as may be deemed best fitted 10 ad
vance the interests of the company, anC
il such bonds or notes are thus sold a: I
discount, such sale shall be as valid in al
respects as If they were sold at their pa
value, nor shall the sale ornegoti alton o
any such notes OF bonds be nvalidateC
for any informality in the issuing, execu
lion, transfer nr sale OF the same.
Sec. o. That the Cincinnati, Hamil
ton and Dayton railroad company arc
hereby authorized and empowered to lenc
its money or credit in such amounts al
may be deemed expedient, TO the Daylor
and Michigan railroad company, TO aic
in the construction of The said road, ant
she extension Of the said railroad to the
Michigan State line, ifsaid company shal
at any time deem said extension expedi
ent; and for this purpose the Cincinnati
Hamilton and Dayton railroad compan,
| may guarantee the payment Of any note
! or bonds Of such Dayton and Michigan
railroad company rby the coporate au-
thor;,ies of any city or town, or by :h
county commissioners Of any county, o
trustees of any township, for the aid ant
benefi, Of said company, in pursuance o
The provisions of this act, and such guar
ran,ee shall be valid and binding, and .h,
said Cincinnati, Hamilton and Daylor
rail road company may also hold and own
Ly subscription and transfer, any numbe
of shares OF the capital stock Of said com
pany.
JOHN F. MORSE,
Speaker ofthe House of Repre- senia,iVes
CHARLES C. CONVERS.
Speaker Of the Senare
March S, 1851.
AN ACT
To authorize the commissioners Of Clarl
county TO subscribe stock in rail roac
companies.
Sec. l. Be It enacted by the Genera
Assembly of the State of Ohio, Tha
the commissioners Of Clark county, will
the consent of majority of the legal vo
tiers OF said county, voting at any sue
election to be expressed as hereinaf,e
provided, be and they are hereby author
lied and required TO subscribe, in III
name, and tor the benefit of said county
TO the capital stock Of the Springfield
and Columbus Railroad Company, an
the Mad River and Miami Central Rail
road Company, or 10 the capital stock c
any other railroad company, portion G
,he road Of which mOy be located in tn
counry Of Clark, at the discretion Of sal
commissioners, any sum not exceedinI
one hundred thousand dollars.
SEC. 2 The commissioners of sal
county, for the purpose Of payiLg th
stock subscribed under this act, are here
by authorized to borrow the necessar
amount of money, for which they sha
issue bonds or obligations Of the county
in amounts not less than one huhdre
dollars, which bonds or obligation sha
be made negotiable, bearing Interest
payable annually, at such place and .
such rate, not exceeding seven per Ger
tum per annum, as may be agreed upon
and such bonds or obligations may b
made redeemab at such time as ma
| be deemed expedien, by said commi
sioners; or such bonds or obligations. {
ady part thereof, may be issued drectl
to said company in payment Of said stool
as said commissioners and the officers {
said company may agree; and ali bond
and obligations issued and negotiated b
said commissioners, trustees or tow
council. and "regular' on the face there
Of shall in the hands Of said ccmpan'
or of any bona fde holder thereof, b
deemed and taken in all courts and else
where as conclusive evidence of III
regularity Of everything required by hi
ac. to be done preliminary to the issu
ing and negotiation Of such notes Of obi
cations.
SRc 3. Said commissioners shall kee
an accurate register Of all bonds or obi
cations issued under the provisions {
this act, showing the dates, numbers
and amounts thereof, to whom, and whe
payable, and the rate Of interest stipuli
ted therein, and they shall also cause I
be kept in the office Of the auditor {
said county, such books and entries q
| will fullv show all liahilitiap race;n,,