Fremont weekly freeman. [volume] (Fremont, Sandusky County, Ohio) 1850-1853, 1852-06-12

e the cost of repairs and incidental expenses. til
e net amount Of profits, and the dividends mad
d with such other facts as may be necessary t
S, a full statement of the affairs and condition c
e such road and the Auditor shall annually pre-
,e sent an abstract copy Of such report 10 I'll
e General Assembly.
d Sec. 90 That whenever the line Of an
railroad company now existing or which ma
o hereafter organize under this act, shall eros
+ any canal; or any navigable water, the sal,
company shall file with the "Board of Publ
e Works." or with the acting commissioner
g thereof, having charge of the public work
), where such crossing is proposed, the plan o
the bridge, and other fixtures for crossing suci
i canal or navigable water, designating tht
o place of crossing: and if the said board. or ac
{ ting commissioner thereof shall approve O
o such plan, he shall notify such company, il
f writing. of such approval; but if the said
4 board, or acting commissioner, shall disap.
] prove such plan, or fail to approve the same
j within twenty days from the fling thereof
, then it shall be lawful for such company TO
: apply to the court of common pleas, or any
: Judge thereof, in vacation, and upon reasona-
: BILE notice being given to the members of the
board of public works, or said acting COM
mis- sioner, said court or Judge shall. upon
good cause shown, appoint a competent dis
interested engineer, not a resident of any
county through which said road passes to ex.
anime such crossing, and prescribe the plan
and condition thereof so as not TO impede
navigation; and such engineer shall, within
twenty days from bis appointment. make his
} return to the court of common pleas of the
county where such crossing is to be made,
subject TO exception by either party; and
and thereupon the court shall, at the next
term after The filing of said return. proceed to
examine the same, and unless good cause is
4 shown shall approve and confirm the srme,
and such order of confirmation shall be suffi-
cient authority for the erection, use and oc-
cupancy of such bridge, in accordance with
! such plan; Provided, that no railroad compa-
) ny shall be authorized to construct any per-
} manent bridge over any canal of this State,
which shall be less than ten feet in the clear
above the top water line of said canal; and
r the piers and aburments of such bridge shall
be placed SO as not in any manner 10 contract
the width of the canal, or interfere with free
passage on the towing path.
! See. 2l. That whenever the lines of rail-
road of any railroad companies in this State
or any portion Of such lines, have been OF
may be constructed, so as to admit the pass
age of burden or passenger cars over any two
or more of such roads continuously, wiIftont
break or interruption, such companies sre
hereby authorized to consolidate themselves
f into single corporation, in the manner fol
lowing;
! /. The directors of said two or more cor
: poralions may enter into an agreement un
: der the corporate seal of each, fof the con
9 solidaton of the said two OF more corporations
e prescribing the terms and conditions thereof
] the mode of carrying the same into effect
: the name of the new corporation; the mum
1 Der of the directors thereof, which shall no
J, exceed thirteen the time and place Of hol
ding the first election of directors; the mum
e Der of shares Of capitol stock in the new oor
S poration: the amount Of each share; the man
n ner of converting the shares of capital stocE
l. in each of said two or more corporations int
e shares in such new corporation; the manne
of compensating stockholders in each Of sale
4 two or more corporations who refuse to con
n vert their stock into tht
;, stock of such new cooperation; with
;, such other details as they shall deem neces
r sary to perfect such consolidation of said cor
e porations; and such new corporation shal
IS conferred upon such said two OF more cor
e porations, and shall be subject rtol all The
y restrictions and perform all the duties, i'm
posed by the provisions of this act; Provided
o that all stockholders in either of such corpor
n atons who shall refuse to convert their stocl
a into the stock of such new corporotion. shal
|, be paid at least par value for each of th'
: shares so held BY them, if they shall so re-
n qure, previous to said consolidation being
: consummated.
=. II. Such agreement Of fhe director
shall not be deemed to be the agreement o
:. the said two or more corporations, until afte
g it has been submitted to the stockholders o
:, :, each of said corporations, separately al
!. meetieg thereof; to be called upon a notict
:. of at least thirty days; specifying the timi
: = and place of snch meeting. & the object thee e
: = of, to be addressed to each of such stoekhol
ders, when their place of residence is know
and deposited in the post Office, and publish
ed for at least three successive weeks in on
newspaper in at least one of the cities 0
towns in which each Of said corporations ha
), its principal Office of business and has beer
- sanctioned by such stockholders, by the vot
= of at least two-Ihirds in amount of the stock
holders, present at such meeting. voting b.
! ballot, in regard to such agreement, either il
person or by proxy, each share of capita
: stock being entitled to one votef and whel
: = such agreement of the directors has been s.
: : sanctioned by each of the meetings of sh
; stockholders separately after being submitted
" " to snch meetings in the manner above men
toned, then such agreement of the director
% shall be deemed to Be the agreement of th
. said two or more corporations.
S Sec. %. Upon making :he agreemen
g mentioned in the preceding section. in lh,
J. manner required therein, and and fling du
tplicate or counterpart thereof in the Office o
r the secretary Of state the said two or more cor
Is porations mentioned or referred TO in th,
d said first section, shall be merged in the new
d corporation provided for in such agreement
= to be known by the corporate name therein
IS mentioned; and the details of such agree
v ment shall be carried into effect, as provided