Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1852-06-17

ne Doaru OF directors shall choose president
rom among their number, who shall perform the
tuties OF the president at such meeting, and per
orm such other duties as may, from time 10 time,
be pointed out by the bylaws and TIE rules of
the said company.
SEC. 50. The secretary shall keep record of
all meetings Of the board of directors, and other
proceedings Of said company, not required to be |
performed by any other officers Of the said board,
and perform such other and further duties as may
be assigned him, by the rules and bylaws of the
said company.
SEC. GO. That the said company shall have pow
er, from time to time, at any regular meeting of
the board OF directors, to make, alter or change,
such bylaws and rules for the government Of the
said company.
SEC, Gil. That the company, previous to re
ceiving any tolls upon said bridge, shall set up
and keep in a conspicuous place on the said
bridge, board, on which shall be written, paint
ed or printed, in plain and legble manner, the
the rates of toll, which rates Of toll shall have
been prescribed by the court of common pleas of
the proper county; and if any company shall de-
mand and receive any greater rate of tolls than
the rate prescribed by said court, they shall be
subject to fine of ten dollars.
SEC. 62. That the compensation of the preSl-
dent and other officers of such company, shall be
regulated and fixed by the rules and by laws OF
such company, from time TO time.
TO CREATE AND REGULATE MANUFAC-
TURING COMPANIES.
SEc. 63. That whenever any number Of per-
sons, as named in the first section of this act, as
sociate themselves together for the purpose of en-
gaging in the business of manufacturing. they
shall, under their hands and seals, make cert.f-
cate, specifying the amount of capital stock ne
cesSary the amount OF each share, the name of
the place where such manufacturing establish
mcnts shall be located, the name and style by
which such company shall be known; said certifi-
cate shall be acknowledged, certified and forward
ed to the Secretary of State, recorded and copied
as is provided in the second section of this act,
and when so incorporated, they are hereby au-
thCrized to carry on the manufacturing opera
tions named in said certificate Of incorporation,
and BY ihc name and style provided in said GER
tifcatc, which shall be deemed body corporate,
with succession, and they and their associates,
successors and assigns shall have the same gene
raj corporate powers as are provided in the third
section of this act, and subject to all the reStric-
| tions hereafter provided.
SEC. g.. The annual meeting of the stock
holders shall be held on the first Monday of Jan
nary in each year, at which meeting the directors
of the company shall be elected, and all othel
lawful business done, as the stockholders shall
deem necessary and proper; and, should they fai
to elect directors at the annual meeting, the,
shall hold a special meeting at some SubSeuuen
time for the purpose, by giving thirty days notice
thereof, in some newspaper Of general circulation
in such county. The directors shall hold thei
Offices until their success orS are chosen and DUAL
fled: but no person shall be director after ceas
ing TO be a Stockholder. Immediately after tn
election, the directors shall elect one of thei
number president of the corporation, and ma
oppoint such other officers and agents as the
may deem proper, to transact their business, AM
prescribe the amount of compensation to be al
lowed to them for their services; and such off
GERS, when required by the bylaws, shall Civ
bonds to the satisfaction Of the directors; for tn
faithful discharge of the trusts committed to them
and shall have powe; and are hereby authorizes
to make such rules, regulations and bylaws a
may be necessary for their regulation, not incon
sstent with the constitution of this state TIL
directors shall have the general management O
the company, and may dispose of the residue O
the capital stock at any time remaining unsub
scribed in such manner as the stockholders 70
the time being may prescribe, and may employ tn
capital and means of the company, in such man
ufactures as they shall deem best for the compa
: ny, and for the erection and maintainance of sue
machinery, dams, buildings, races, water courses
&C., subject always to the control of the stock
| holders, as may be necessary in the business q
manufacturing, but for no other purpose tina
those connected with, and pertaining to said bu
SintSs; they shall cause a record to be kept
all stock subscribed and transferred, and of a
business transactions and their books and record
shall at all reasonable times be open TO the in
spection of any and every stakeholder; they Sha
: also, when required, present to the stockholdcl
reports in writing Of the situation and amount
7 business Of the company, and declare and max
! dividends Of the profits from the business of tn
company, not reducing the capital stock Will
{ they have outstanding liabilities, as they sha
deem expedent.
D SIC. C5. The persons named in the cerifcat
OF incorporation, or a majority of the m, shall b
4; commissioners to open books for the subscriptio
to the capital stock of said company, at sue
times and places as they shall deem proper, an
i the said company arc authorized 10 commend
n operations upon the subscription Of ten per cen
OF said stock.
s TO PROVIDE FOR THE INCORPORATE
o OF RELIGIOUS AND OTHER SOCIETIES
/ SEC. &c, That from and after the passage
this act it shall be lawful for any religious sect
II denomination, fire company or any literary, SC
h entihc or benevolent association, (other than co
rs lcges, universities, academies semnaries will
5, in this State, to elect at meeting of maiori
n Of the members of any organized church, fl
= company, literary, scientific or benevolent assoc
'r alton, as aforesaid, called for that purpose, az
: number of their members, not less than three,
serve as trustees or directors, and one member
clerk, who shall hold their Office during the ple
'r sure of the society or association.
I, Sec. 81. That the clerk so appointed, sha
n make true record of the proceedings of Il
L meeting, provided for by the first section of IN
c act, certify and deliver the same to the record
# the county in which such meeting shall
l. held, together with the name by which SUI
church, fire company, or association, shall ther
after desire TO be known and it shall be the du
s. of each county recorder in this state, immed
Of ately upon the receipt of such certified satemer
1f to record the same in book Of record to be ke
Is by him, provided for that purpose at the expen
v of his county, for which service he may demal
Of and receive, the sum Of tell cents per hundr
,e words; and from and after making such record
II the county recorder the said trustees or director
lc and their associated members and successors, sha
D. bn invested with the powers privileges and imm
N mites, incident to aggregate corporations; and
r certified record of the transcript herein auho
Of lied to be made by the county recorder, shall
j. deemed and taken, in all courts and places wha
ly soever in this State, as evidence of the existen
r Of such association and corporation.
ne SEC. 6S. The trustees or directors who may
in appointed under the provisions of this act, al
le their successors in office, shall have perpetu
IS, succession, by such name as may be designate
h. and by such nOmc shall be legally capable OF co
n lracting, and of prosecuting and defending sui
nj aud Shall have capacity to acquire, hold, enjC
dispose OF, and convey, all property, real or pt
id S0nal, which they may acquire ry purchase, d