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

of such new corporation, shall be paid at
least par value for each of the shares so
held by them, if they shall so require,
previous to said consolidation being con-
summated.
ii. Such agreement of ssthe directors
shall not be deemed to be the agreement
of the said two or more corporations, un-
til after it has been submitted to the stock
holders of each of said corporations, Sc
parately at meeting thereof: to be call
ed upon by a notice of at least thirty days;
specifying the time and place of such
meeting, and the object thereof, to be ad-
dressed to each of such stockholders,
when their place of residence is known,
and deposited in the post office, and pub
lished for at least three successive weeks
in one newspaper in at least one of the
cities or towns in which each of said cor
porations has its principal office of buSi-
ness, and has been sanctioned by such
stockholders, by the vote of least two
thirds in amount of the stockholders, pre-
sent at such meeting, voting by ballot, in
regard to such agreement, either in per-
son or by proxy, each share of capital
stock being entitled to one vote; when
such agreement of the directors has been
so sanctioned by each of the meetings of
the stockholders separately after being
submitted to such meetings in the manner
above mentioned, then such agreement Of
the directors shall be deemed to be the
agreement of the said two or more corpo-
rations.
Sec. 90. Upon making the agreement
mentioned in the preceding section, in
the manner required therein, and filing a
duplicate or counterpart thereof in the Of
flee the Secretary of State, the said two
or more corporations mentioned or refer
red to in the said first section, shall be
merged in the new corporation provided
for in such agreement, to be known by
the corporate name therein mentioned;
and the details of such agreement shall
be carried into effect, as provided there
in.
SEC. %. Upon the election of the first
board of directors of the corporation crea-
ted by the agreement in the twenty-tlrst
section of this act mentioned, and by the
provisions of this act, all and singular the
rights and franchises of each and all of
said two or more corporations, parties to
such agreement, all and singular their
rights and interests, in and to every spe
ces of property, real personal and mixed,
and things in action, shall be deemed to
be transferred to and vested in such new
corporation, without any other deed or
transfer; and such new corporation shall
hold and enjoy the same, together with
the right of way, and all other rights of
property, in the same manner, and to the
same extent, as if the said two or more
corporations, parties to such agreement,
should have continued to retain the title,
and transact the business of such corpora
ton; and the titles and the real estate ac
quired by either of said two or more cor
porations, shall not be deemed to revert
or be impaired by means of any thing in
this act contained; Provided, that all
rights of creditors, and all liens upon the
property of either of said corporations,
parties to said agreement, shall be and
hereby are preserved unimpaired, and the
respective corporations shall continue to
cAlSb 81 ldI do may DC IICCSSSulf " Nh
force the same; and, provided arther that
all the debts, liabilities and duties of either
company, shall thenceforth attach to such
new corporation, and be enforced from
the same, to the same extent, and in the
same manner, as if such debts, liabilities
and duties, had been originally incurred
by it.
Sec. "a. Any railroad company here
tofore or hereafter Incorporated, may, at
any time, by means of subscription to the
capital of any other company, or other
wise, aid such company in the construc-
ton of its railroad, for the purpose of
forming connection Of said last men
toned road with the road owned by the
company furnishing said aid; or any rail
road company organized in pursuance of
law, may lease or purchase any part or
all of any railroad constructed by any
other company, if said company's line of
road are contiguous or connected as afore-
said, upon such terms and conditions as
may be agreed on between said companies
respectively; or any two or more railroad
companies whose lines are SO connected,
may enter into any arrange ment for their
common benefit consistent with and cal
culated to promote the objects for which
they were created; Provided, that no such
aid shall be furnished, nor any such pur
chase, lease or arrangement perfected,
until meeting of the stockholders of each
of said companies shall have been called
by the directors thereof, at such time and
place, and in such manner, as they shall
designate, and the holders of at least two
thirds of the stock of such company re-
presented at such meeting, in person or
by proxy, and voting thcreat, shall have
assented thereto.
Sec. 25. The commissioners of any
county, the city or town council Of any
city, or town, and the trustees Of any
township, which county, city, town or
township, has heretofore subscribed to the
capital stock of any railroad company, or
turnpike Or plank road company, and has
issued, or shall hereafter issue any bonds
for the payment of such subscription, are
hereby authorized to sell the said stock,
or any part thereof, and on such terms as
they shall deem to be for the interest of
said county, city, town or township, re-
spcctively, and may apply the proceeds of
such sale to the payment of the bonds by
such county, city, town or township, re-
spectively subscribed.
SEQ. 26. That every railroad compa-
ny in this State, shall cause all its trains of
cars for passengers to entirely stop, upon
each arrival at a station advertised by such
company as station for receiving passenr
c,ors ,,nnn euch trains of least ona-half of