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

universities, academies or Seminaries,
within this state, to elect, at a meeting
OF majority of the members of any
organized church, fire company. liter
AIRY, scientific or benevolent association,
as aforesaid, called for that purpose, any
number of their members, not less than
three, to serve as trustees or directors,
and one member as clerk, who shall hold
their office during the pleasure the So
ciety or association.
SEC. 67. That the clerk so appointed, shall
make a true record the proceedings Of
the meeting, provided for by the first sec
ton of this act, certify and deliver the
same to the recorder of the county in
which such meeting shall be held, togcth
er with the name by which such church,
fire company, or association, shall there
after desire to be known; and it shall be
the duty of each county recorder In this
state, Immediately upon the receipt of such
certified statement, to record the same in
a book of record, to be kept by him, pro-
vided for that purpose at the expense of
his county, for which service he may de-
mand and receive, the sum of ten cents
per hundred words; and from and after
making such record by the county record
er, the said trustees or directors, and their
associated members and successors, shall
be inyest with the powers, privileges
and immunitipS, incident to aggregate
corporations; and certified transcript of
the record herein authorized to be made
by the county recorder, shall be deemed
and taken, in all courts and places what
soever, in this State, as evidence of the ex-
istence of such association and corporation.
Sec. 68. The trustees or directors who
may be appointed under the provisions of
this act, and their successors in office.
shall have perpetual succession, by such
name as may be designated, and by such
name shall be legally capable of contract
ing, and of prosecuting and defending
suits, and shall have capacity to acquire,
hold, enjoy, dispose of, and convey, all
property, real or personal, which they
may acquire by purchase, donation, or
otherwise, for the purpose of carrying out
the intentions of such society or associa-
ton; but they shall not acquire or hold
property for any other purpose.
SEC SO. Thatsuch society or association
when incorporated may elect such officers
and make such rules and regulations, as
may be necessary and expedient, fer its
own government, and the management of
its fiscal and other affairs, to effect their
respective objects.
Sec. TO- That if said board Of trustees
or directors, as is provided for by the sixty
sixth section of this act, shall be vacated,
either in whole Or in part, by death, re-
signation, or otherwise, such board of
trustees or directors may be revived, or
such vacancy or vacancies filled, IN the
manner pon, ed out in the sixty-sixth Sec
ton of this act, for4he original organiza-
ton of said board, and majority of said
trustees or directors, shall be quorum
for the transaction of business.
GENERAL PROVISIONS REGULA-
TING INCORPORATED COMPA-
MES.
Sec. n. All companies now incolpora-
ted in this state, and actually doing busi-
ness, may accept any of the provisions of
this act, and when so accepted, and a
certified copy of their acceptance filed with
the Secretary of State, that portion of their
charters inconsistent with the provisions
of this act, is hereby repealed.
Sec. 72. All companies hereafter in
corporated, or accepting the provisions OF
this act, except those named in the sixty
sixth section, are required to make and
publish, in some newspaper of general
circulation in the county where the prin-
cipal Office is located, an annual exhibit,
showing full, airand detailed statement
OF the condition of such company, which
statement shall be verified by the oath o.
the president, secretary, or clerk.
SEC. 49, No company or association in
corporated under the provisions of this &C
shall employ its stock, means, assets O.
other property, directly Or indirectly, fo
any other purpose whatever, than to ac
complsh the legitimate objects Of its cree.
ton.
SEC. "a. That the board of directors o
trustees, of any company heretofore in
corporated, or which may hereafter b
formed, under any law of this state, ma
with the written consent of the persons i
whose name majority Of the shares {
the capital stock thereof shall stand o
the books of said company, reduce the g
mount of said capital stock, and the non
inal value of all the shares thereof, an
issue certificates therefor; Provided, thi
the rights of creditors shall not be atfecte
or in any wise impaired, by the reductio
ofthe capital stock of any such corporation
Sec. rs. That whenever any joint stoc
company heretofore Incorporated, for til
purpose of erecting any public improve
ment in this state, whose charter is lin
tied as to the time for completion of sal
improvement, and when such compan
has been legally organized, and has az
tually commenced and has in progres
towards completion such public improve
ment, it shall be lawful for any such CON
pany to have further time allowed for tn
final completion of said work, as is here
matter provided.
E Sec. 76. That upon petition being file
by the directors of any Incorporation in tn
court of common pleas Of the county i
which the principal Office Of such incorpc
ration is located, and upon giving thirt
days notice by publicationin newspape
of general circulation in said county, {
the object and prayer of such petition
said court shall, at any regular term afte
the publication of said notice, upon goo
cause shown, decree the extension of th
time for the completion of said improve
ment to such period as shall appear
such court just and reasonable.
Sec. II. That the name of any corpor'
; tion may be changed in the same mar
ner as is nroYided for the extension of Oh