Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1852-12-29
December 2, 1852.


INo.4l AN ACT
Relating to the sale Of Bonds of Railroad Com
panies, and to increase the number of Directors.
Sec. /. Be 1T enacted by the General Assembly
of the State of Ohio, That the Directors OF any
Aa,ssryasas aHthorzed to- borrow. money
and toexecute bonds or promlssory notes therefor,
shall be, and they are hereby authorized to sell,
negotiate, mortgage pledge such bonds or notes,
as well as any notes, bonds, script or certificates
for the payment of money or property which such
company may have heretofore received or shall
hereafter receive us donations or in payment of
subscriptions to the capital stock or for other dues
of such company, at such times and in such places
either within or without the State, and at such
rates and for such prices in the opinion of said
Directors will best advance the interests of such
company; and if such notes or bonds are thus sold
at discount such sale shall be us valid in every
respect and such securities binding for the re-
spective amounts thereof as if they were sold at
their par values
Sec. 2 No Director OF any Railroad Company
shall either directly or indirectly purchase any
shares of the capital stock or any of the bonds,
notes or other securities of any Railroad Company
of which he may be a Director, for less than the
par value thereof; and all such stocks, bonds,
notes or other securities that may be purchased by
any such Director for less than the par value there
of shall be nall and void.
Sec. 8. That any Railroad Company hereto
fore incorporated or which may be hereafter in
corporated in this State, shall be and is hereby
authorized by q vote of majority OF the Stock of
such company, to increase the number of Directors
provided for in the charter OF such company to any
number not greater than thirteen; and the in
creased number of directors thus created shall
have the same powers and perform the came du-
ties as may be provided for in the charter of such
company ,a,,.a,1
SpeaAer of the House of Representatives..
WILLIAM MEDILL,
President Of TIE Senate.
December is, 1852.
mo. s. ANAcT
To transfer certain funds in the hands of County
Treasurers to the Common School fund.
Sec. l. Be 1t enacssod By tie General Assembly
of the State of Ohio, That the moneys remaining
in the hands Of the Treasurers of the several eoun
ties of this State, collected from tax on dogs,
after paying all legal claims against said funds be
transferred to the common school fund of the prop
er county, to be distributed by the Auditor of such
county as other school funds are by law distribut-
cd ,.,.ne = ,o1,nsay
Speaker of tie House of Representatives.
WILLIAM MEDILL,
President Of the Senate
December 2l, 1852
mo. g. AN ACT
Toregulate the fees of County Treasurers in GER.
tain cases.
Sec. l.. Be 1t enacted By tie General Assembly
of the State of Ohio That the County Treasurers
of this State shall be allowed for collecting ane
paying over school taxes assessed under the act O
Februa1y 81, l849, and an act amendatory thereto
passed March l3, 1850, for the better regulation
common schools in cities and towns, The, sum o
one per cent on all moneys by them collected ane
paid over under the provisions Of said acts.
JAMES c.. JOHNSON,
Speaker of the House of Representatives.
WILLIAM MEDILL,
President Of the Senate.
December 81, 1852.
SEcRETARY's OFFICE.
Columbus, Dec. II, 1552.S
certify, that the foregoing laws are correctl
copied from the original rolls on file in this Office
WILLIAM TREVITT,
Secretary of State. s
AUDITOR ..oFFIcE, PORTAGE Coz
Ravenna, Dec. 90, 1852