The Democratic sentinel and Harrison County farmer. [volume] (Cadiz, Ohio) 1851-1852, 1852-06-09

named on the tickets when voted for by
the stockholders as aforesaid; each stock
holder shall be entitled to one vote for
each and every share OF stock that he may
own, and after the first election, no stock
holder shall be entitled to a greater num-
beTotyo.es, than the number Of shares hat
he may have paid into the said company,
SIC. u. That the treasurer OF the said i
company, before entering upon the duties
of hi office, shah enter into bond, with !
good and sufficient security, to be appro-
we'd of by the said board ofdirectors, paw
able to the said company, conditioned for
the faithful performance of all and singu-
lar the duties of his said office, and that
he will well and truly account for, and
pay over to said company all moneys and
property that shall from time to time come
into his hands by virtue Of his said office,
and that he will use due and proper dill
gence to collect all moneys and demands
that from time TO time shall be due and
owing to the said campsny, which shall
be his duty by law to collect.
SEC. 53. The president shall preside at
all meetings, when present, and not other
wise incapacitated, in which case, or in
case of his absence, the board of directors
shall chose president from among their
number, who shall perform the duties of
the president at such meeting, and per-
form such other duties as may, from time
to time, be pointed out by the bylaws
and the rules of the SAID company.
Sec. So The secretary shall keep a
I OF al Of 3 1,f,I
tors, and other proceedings of said compa-
ny, not'required to beperformed by any
othel officers Of the said board and per
form such other and further duties as may
be as signed him, from tine to time, bv
the rules and bylaws of the said company.
Sec. 60. That the said company shall
have power, from time to time, at any reg
ular meeting of the board Of directors, to
make, alter or change, such bylaws and
rules for the government of the said COM
pany.
Sec. 61. That the company, previous
to receiving any tolls upon said bridge,
shall set up and keep ina conspicous place
on the said bridge, board, on which shall
be written, painted or printed, in plain
and legibc manner the rates of toll, which
rates OF toll shall have been prescribed by
the court of common pleas of the proper
county; and if any company shall demand
and receive any greater rate of tolls than
the rate prescribed by said court, they
shall be subject to d fine Of ten dollars.
Sec. g. That the compensation of the
president and other officers of such COM
pany, shall be regulated and fixed by
the rules and bylaws of such company,
from time to time.
TO CREATE AND REGULATE MAN
UFACTpRING COMPANIES
Sec IS. That whenever any number
OF persons, as named in the first section
OF this act, associate themselves together
for the purpose ofengaging in the business
OF manufacturing thcy shall, under their
hands and seals, make a certificate, spe
cl1ng the amount Of capital stock neces-
sary, the amount of each share, the name
OF the place where such manufacturing
Establishment shall be located, the name
and style by which such company shall
be known; said certified and forwarded to
the Secretary of State, recorded and cop
led as is provided in the second section
OF this act, and when soincrporatcd, they
are hereby authorized to carry on the
manutactu ing operations named in said
certificate or incorporated, they are here
by authorized to carry on the manufactu
ring operations named is said certificate Of
incorporation, and by the name and style
provided in said certificate, shall be deem
ed body corporate with succession, and
they and their associates, successors and
assigns, shall have the same general cor.
porate powers as are provided in the third
section Of this act, and subject to all the
restrictions hereafter provided,
Sec. 64 The annual meeting of the
stockholders shall be held on the first Mon,
day of January in each year, at which
meeting the directors Of the company shal
be elected, and such other lawful business
done, as the stockholders shall deem ne
cessary and proper, and, should they fai
to elect directors at the annual meet
ing, they shall hold special meeting a
some subsequent time, for the purpose
by giving thirty days notice thereo
in some newspaper of general circulation
in such county. The directors shall hol
their offices until their successors are che
sen and qualified; but no person shall b
director after ce asing to be stockhol
der. Immediately after the election, til
directors shall elect one Of their numbc
president of the corporation, and ma
appoint such other officers and agents a
they may deem proper, to transact thei
business, and presclbe the amount Of com
pensation to be allowed to them for thei
services, and such officers, when require
by the bylaws, shall give bonds to tn
satisfaction of tb. directors, for the faith
full discharge of the trusts committed t.
them, shall have power, and are hereb
authorized tomakc such rules, regulation
and bylaws, as may be necessary for th
regulation, not inconsistent with the con
stitution of this state. The directors sha
have the general management of the al
fairs of the company, and may dispose c
the residue of the capital stock any tim
remaining unsubscribed, in such manne
as the stockholders for the time bein!
may prescribe. and may employ the capita
and means of the company, in such man
ufactures as they shall deem best for tn
company, and for the erection and main
tainance of such machinery, dams, build
ing races, water courses, &C., subieC
always to the control of the stockholders
as may be nessary in the business Of man
featuring, but foT no other purpose tina
those connected with, and pertaining
said business; they shall cause recor
to be kept Of all stock subscribed and trans