The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1852-10-08
Knlida, Putnam Co. o., Sept IA, 1852
AN ACT
AN AOT
To incorporai the Dayton and Michigan
Rail. Road Company

lO HuColpUIut INC LAY Oh uHL miOHiSon
Railroad Company
Sec. |. Be il enacted by tie General
Assembly of the State Of Ohio, That Peter
Odlin, John Rencb, Thomas j. S. Smith,
]. D. Philips, Edward W. Davies and
Henry Stoddard, of Montgomery county;
William Barbee, John G. Telford, Henry
w. Culbertson, John Clark, Thomas Jay,
Joseph Pearson, Joseph Brown, Charles
Morris, Jr., William Scott, Rankin Wal
kup, Samuel Davis, David Hunter, Mo-
ses G. Michel and Edward H. Barton, Of
Miami county; John Mills, John W. Ca
ry, James McCulloch, and Hugh Thcmp
son, Of Shelby county, aud their associ-
ates and assigns, be, and they are hereby
created body corporate and polite, by
the name OF the Dayton and Michigan
Railroad Company, with perpetual sue
cessiob, and by that name and style shall
be entitled 10 have and enjoy, and hereby
are invested with all the rights, privileges
and franchises, and be subject 10 all re-
stric,ions Of the act entitled can act reg
ulaiing RailR Companies" passed
February ll,h, lS4s, and the acts amen
datory thereto, except so far as the same
may be modified by the provisions Of this
act.
Sec. 2. That the capital stock ofsaid
company shall be eight hundred thousand
dollars; with the power to increase the
same to three millions, divided into shares
Of fifty dollars each.
Sec. 8. Said company shall have
power to construct railroad commenc-
ing at or near Dayton, in Montgomery
county, by the way of Sidney, in Shelby
county, Lima, in Allen county, Toledo,
| in Lucas county, 10 the most eligible
point on the Michigan State line, in the
direction Of Detroit.
Sec. 4. Said company shall be, and
is hereby authorized to connect at Day
ton with any railroad leading to, and
terminating in the city Of Cincinnati
or with any railroad that may be hereafter
constructed north in direction Of Toledo
in Lucas county.
| Sec. S. The county commissioner
OF any county through or in which sale
road may be located, shall be, and the,
are hereby authorized 10 subscribe TO the
capital stock of said company, any sun
not exceeding one hundred thousand
dollars; the corporate authorities Of Day.
on, Troy, Piqna, Sidney, Lima, Perys
burg, Maumee City and Toledo, shall
also be authorized to subscribe to said
railroad any sum not exceeding fifty
thousand dollars; and the trustees of any
township in any county through which
said road may be located, shall be author
lied TO subscribe to the capital stock OF
said railroad company, any sum not ex-
ceeding ten thousand dollars; and in
making such subscriptions, and in all
matters relating thereto, the commission
ers ofcounties, corporate authorities OF
said cities and towns, and trustees OF
townships shall have all the rights, privil'
eges and powers, and be subject to tho
restrictions Of un ssact 10 authorize the
commissioners Of Clark county to sub
scribe stock in railroad companies y
passed March 8, 1850, so far as the same
may be applicable, not inconsistent with
the provisions Of this act; Provided, that
the vote on the question of subscribing
stock Of said railroad company in
any county, city town or township, as
provided foi in this act, shall he taken al
the annual spring or fall election, by
giving twenty days notice ,heerof in The
manner provided for in the act above re-
ferred to, except as modified by this act;
And provided further, tha.a majority Of
all the votors voting at such election
shall vote foT subscription,