The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1852-07-14

amount one half their capital stock, in the
same manner, upon the same terms, and
under the same regulation and restrictions
as are provided in relation to railroad
in section fourteen OF this
act
SEC, 80. That whenever ten per centum
of the capital stock Of any such turnpike
or plank road company, shall be subscrib-
ed, i, shall b. the duty Of the corporators
named in such certificate, to call meet.
ing Of the STOCKHOLDERS, at such place ad-
joining the proposed mute OF such turnpike
or plank road, as they may deem expe.
dipnt. for the purpose ofelecting seven d.
rectors, of the time and place Of holding
which meeting. at least thirty days notice
shall be given by said corporators, by pub.
lcation, as prescribed in the ninth section
of this act, a, which election, at least three
OF the corpora,ors aforesaid shall preside.
and all votes shall be by ballot; each
slockholder shall be entitled to one vote
on each share he may own; stockholders
may vote by proxy. under such regulations
as may be prescribed in the bylaws of
such company, and all elections, after the
first, shall be held on the second Monday
in January. annually. at such place as the
directors shall appoint. Of the time and
place OF holding which annual election, at
least thirty days notice shall be given by
the president. in the manner prescribed in
the ninth section of this act; Provided.
however, that il shall and may be lawful
to hold an election al any other time, on
notice being given as aforesaid.
Sec. 80. That the directors, when elec-
ted. as provided in the preceding section,
shall each take an oath or affirmation. dill
gently and impartially to discharge the
duties of his office; and the directors. or a
majority of them, when thus qualified.
shall, on the day of their election, or some
succeeding day, proceed to elect pres.
dent from their number; and the president
and directors shall hold their offices for
one year. and until their successors are
chosen and qualified.
Sec. 81 That the president and direc.
tors shall. in all cases. manage the con-
Germs OF the company; appoint such Off
GERS and agents AS may be necessary tll
all vacancies which may happen in their
body, until the. next annual election; make
: bylaws Tor the regulation and government
of the company; they may require such
oath or affirmation. Of any OF the agents OF
said company. as they may think neces-
sary; may call special meetings Of the
Stockholders; keep records OF all the trans,
actions OF said company; aud to do all
matters aud hin IS touching the concerns
OF said company, contemplated i'll this
| act.
Sec. 80. That any such turnpike or plank
road company. or their agents, shall have
a righ, 10 lay out. locate, survey, and make
the turnpike or plank road for the making
of which suco company shall be incorpo'
rated, through any improved OF umm-
proved lands. on the best route between
/ the points or places designated IN the GER
tlicate. contracting tor and paving the
owner or owners over which the road may
pass, the damages done to said ground by
iaving out and making such road, and
materials Tor constructing or repairing the
same; and when the said corporation. and
! the owner or owners. cannot agree as ia
the amoun, of compensation, or where the
owner is unknown or incapable OF con
tracing then such damages to be assess
ed and paid in such manner as shall bt
prescribed by law.
SEC. 80 That any company heretofore
incorporated for the purpose OF construct
ing a turnpike road, may construct sait
road. in any part thereof, bv covering th'
same with plank, not less than two and
half inches thick Of sufficient width for th'
accommo alton of teams, and in a goot
and substantial manner. instead of cover
ing the same with stone or gravel.
SEC. "a. That all turnpike and planl
roads. shall be opened not exceeding sixt.
feet wide. thirty feet of which shall be clear
ed of brush and logs, and at least sixteel
feet shall be made an artificial road. com
posed of stone. gravel, wood, or other con
, venent materials. we'll compact tog theI
| IN such manner as to secure flrm, evpl
and substantial road and in no case sha
!, the ascent in any such turnpike or plan
= road. be greater than five degrees; Provl
, dsd. that no company or association of in
dividuals which has been or may hereafte
be incorporated for the purpose Of maxim
any turnpike or plank road. shall he au
! thorized to erect or keep up any toll gate
or receive tolls. within the CORPORATE limit
! Of anv incorporate city. town or rvlllage,i j
this State or within eighty rods Of sue
limits.
[coNcLUsIoN NEXT WEEK.
: COVER IN NEW JERSEY"
, The Trenton True american says ths