Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1852-07-14

uch company, who shall be designated
rom the number of directors, and also such
subordinate officers as the company. by lis U ,
oy laws, may designate, who may be elect !,
ed or appointed, and required TO give such u
security for the faithful performance OF the
duties of their Office, as the company, by
its bylaws, may require, for whlchPurpose :
such company shall have the power ana
are ereby authorized, to make such rules,
regulations ard by laws as may be neces- ,
sary Cor their regulation, not inconsistent
with the constitution and laws OF this stale:
Sec. So. There shall be an anntua!
meeting of the stockholders, at place des.
ignated by said directors, for the purpose OF
electing officers, who shall hold their offices
until the next annual election, and until
their successors are duly chosen; said ofti-
GERS shullhayelhe general superintendance
Of the affairs of the company, and The man
ugement of its business, and may coll spe>
cial meetings Of the stockholders for the
transaction Of business.
Sec. So. Any corporation formed un>
der this act shall have full power, ii a gas
company, TO manufacture and sell, and TO
furnish such quantities Of gas or water as
may be required in the city, town or village
where located, for public or private build
lngs, or for other purposes; and such cor
poraton shall have power 10 lay conduc>
tors for conducting wafer or gas through
the streets, lands, alleys and squares in
such city, Town or villnge, with the consent
i of The municipal authorities Of said city,
town or village, and under such reasona>
BILE regulations as they may prescribe.
Sec 81. The municipal authorities Of,
any city, town or village, in which any
gas light or voter company shall be organ
lied, under this act, are hereby authorized
10 contract with any such corporation, for
for the lighting or supplying with water,
the streets, lands, lanes, squares and public
places in any snch city, town or village.
To Create and Regulate Bridge Compa,
mes.
Sec 55. That whenever any number
of persons, as named in the FIRST section OF
this act, associate themselves together for
. the purpose of constructing bridge over
any of the streams of water in this state,
they shall, under their hands and seals,
make certificate. specifying the amount
\ Of capital stock necessary, The amount OF
, each share, the place where such bridge
! is to be built, and on what stream; said
: certificate shall be Acknowledged, certified
> and forwarded to the Secretary Of State,
, recorded and copied, as is provided in the
, second section of this act, and when so in
) corporated, they are hereby authorized to
carry on the operations named in said cer>
y tiicate of incorporation, and by the name
r and style provided in such certificate, shall
be deemed a body corporate, with success
, sion; and they and their associates, success
! sors and and assigns, shall have the same
2 general corporate powers as are provided
, in the third section of this act, and subject
to all the restrictions hereinafter provided;
, but in all cases, the banks on both sides oil
I the stream, where the bridge is TO be built,
! shall be owned by said company, or that
J they obtain in writing the consent of the
z owner or owners Of the banks where said
bridge is to be erected, TO erect the said
+ bridge as aforesaid, unless the said banks
: at such point shall be in public highway,
!, Sec Sc. That the corporators herein
r named, shall open the books of the sale
3 company, for subscription to the capital
/ stock Of said bridge, aud SO soon ,hereaft ftel
3 as ten per cent of the capital stock shall be
!, subscribed, they shall call a meeting ofthe
s persons who have subscribed stock as afore
0 said, and shall then and there proceed to
3 elect FIVE directors, who shall be stock
. holders in said company, who shall hold
: their Offices, as such directors, for one
$ year from and after said election, and until
their successors are elected and qualified,
one of whom shall be president and one
treasurer, and one secretary, to be named
. on the tickets when voted for bv the Stock
!. holders as aforesaid; each stockholder shall
be entitled TO one vote for each and every
, share Of stock that he may own, and after
the first election, no stockholder shall be
entitled to greater number Of votes, than
the number Of shares that he may have
paid into the said company.
Sec. 81. That the treasurer ofthe said
company, before entering upon the duties
Of his Office, shall enter into q bond, with
good and sufficient security, to be approved
} Of by the said board Of directors, pay able
to the said company, conditioned for The
faithful performance Of all andsinguar tho
duties Of his said Office, and thar be will we'll
and truly account for, and pay over to the
said company all money and property that
StiHll lEUul Tune ~ tltH6 CotIl6 lnLO his nan0S
by virtue ofhis said Office, and that he will
use due and proper diligence TO collect
all moneys and demands that from time 10
time shall be due and owing to the said
company. which shall be his duty by law
to collect.
Sec. So. The president shall preside at
all meetings when. present, and not o'her-
wise incapacitated III which case, ,or in case
OF his absence, the board Of directors shall
choose president from among their num-
ber, who shall perform the duties Of the
president at such meeting, and perform
such other duties as may, from time to time
be pointed out by the by>laws and the rules
of the said company.
Sec. 50. The secretary shall keep
record Of all meetings Of the board Of direc.
tors, and other proceedings of said compa.
ny. no. required to be- performed by any
other officers of the said board, and perform
such other and further duties as may beas-