Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1852-08-12
TO CREATE AND REGULATE MAGNETIC TEL
EGRLPHIc COMPANIES.


of persons, as required by the flrst Sec
ton of this act, associatiDg 10 form
company. for the purpose OF construct
ing any line or lines of Magnetic Teie-
graph, they shall, under their hands and
seals. make a certificate. which they
shall specify as follows: First, the name
assumed by such company, and by
which il shall be known; second, the
termini of said line or lines, and the
counties through which the same shall
pass; third, the amount of capital stock
necessary to construct said line or lines
of telegraph, and the amount of each
share; such certificate shall be acknowl-
edged, certified, forwarded TO the Secre-
tary OF State, recorded and copied in the
same manner as is provided in the Sec
ond section of this act for the incorpo-
ration of railroad companies; and when
so incorporated, are hereby authorized
to construct line or lines of magnetic
telegraph, as may be named in their cer-
tifca.e OF incorporation. and by the
name and style provided in said certif-
cate, shall be deemed body corporate,
with succession, and they and their as
sociates TO have the same general pow
ers, as is provided in the third section oI
this act, and shall be subject to all the
restrictions hereafter provided.
Sec. As. The persons named in the
certificate NAV, at any time open books
for subscription to the capital stock oi
the company, and when al least ten per
centum shall have been subscribed, a
meeting shall be called, by notice being
given by any one of the corporators, for
thirty days, in some newspaper printed
in each county through which such mag
netic telegraph may pass, if a paper is
published in each county, at which meet.
ing there shall be elected by ballot, three
directors, who shall continue in office
until the first annual meeting of the
stockholders thereafter.
Sec. 46. There shall be ameeting oi
the stockholders annually, at place des-
ignaied by said directors, when a pres
ident, three directors. a secretary and
treasurer shall be chosen, who shall
hold their office until the next annual
election, and until their successors are
duly chosen. The stockholders, at their
annual meeting, may, from time 10 time,
adopt such regulations and bylaws fOr
the management OF the business OF the
company, as they may see proper; and
may change, at any time. the time and
place of holding the annual election -
Special meetings of the stockholders
may be called, for the transaction ofou-
siness, by the directors.
Sec. At. The corporation hereby
created, is authorized to construct said
telegraphic line or lines, from point &c
point. along and upon any of the public
roads, by the erection of the necessary
fixtures, including posts, piers and abut
ments necessary for the wires; Provided
that the same shall not incommode the
public in the use Of said roads or high
ways.
Sec. 48. That whenever two or more
e'egraph companies desire TO CONSOLE
date themselves into single corpora
ton. they are hereby authorized anC
empowered so TO do. in the same man
ner, and subject to the same rules as arr
provided in the tweniy-frst, twenty-sec.
ond and twenty third sections of this act
relative TO the consolidation of railroad
companies.
To CREATE AND REGULATE GAS LIGHT AM
WATER COMPANIES.
Sec. 49. That whenever any number
of persons, as required by the first sec
ton of this act, associate TO form ga!
light end water companies, for the pur
pose of supplying gas for lighting tht
streets, and public and private buildings
of any city, town or village of this State
or for the purpose of supplying the in
habiiants of any city, town or village
with water, they shall. under their hand,
and seals, make certificate, which shal
specify as follows: The name of sale
company, and by which it shall bt
known; the object for which such com
pany shall be formed; the amount of the
capital stock of such company; the mum
Der of shares of which the said stool
shall consist. and the names of the town
city or village, and county, in which the
operations OF such company are to b,
carried on; such certificate shall be ac
knowledged, certified and forwarded t.
the Secretary of State, recorded and cop
led in the same manner as is provided
in the second section OF this act; anC
[whenl so incorporated, they are hereby
authorized TO carry on the operation,
named in such certificate of incorpora
ton, and by the name and style provi
ded in such certificate. shall be deemed
a body corporate, with succession, ant
they and their associates to have th,
same general corporate powers as is pro
vided in the third section of this act, anC
shall be subject 10 all the restrictions
hereafter provided.
! Sec. 80. That whenever ten per cen
tum of the capital stock OF such compa
ny shall be subscribed and paid in, salt
corporators, or any lionel OF them, shall
in some newspaper published in tn,
county, give notice of the time and plac,
for holding meeting Tor the election o
FIVE directors, and the election shall b.
made by the stockholders attending fo
such purpose, either personally or BY
proxy. and each share OF capital stool
shull be entitled TO one vote; said cleo
tion TO be superintended by one or mort
OF said corporations LcorPorators-