The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1852-07-21


through which such magnetic telegraph
may pass, if a paper is published in each
county, at which meeting 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 a meeting Of the
stockholders annually, at place designa-
ted by said directors, when a president,
three directors. 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, adopt such regulations and by
laws 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 of business,
BY the directors.
Sec. Al. The corporation hereby cre-
ated, is authorized to construct said tele-
graphic line or lines. from point to point,
along and upon any Of the public roads,
by the erection of the necessary fixtures,
including posts, piers and abutments ne
cessary for the wires; Provided, that the
same shall not incommode the public in
the use of said roads or highways.
SEC. 48. That whenever two or more tel
egraph companies desire to consolidate
themselves into single corporation, they
are hereby authorized and empowered so
to do, in the manner, and subject to the
same rules as are provided in the twenty
first, twenty-second and twenty third seq
tions Of this act, relative to the consolida-
ton of railroad companies.
TO CREATE AND REGULATE GAS LIGHT AND
WATER COMPANIES. aA
SEC. 40. That whenever any number Of
persons, as required by the first section Of
this act, associate to form gas light and
water companies, for the purpose of sup.
plying gas for lighting the streets, and pubs
lie and private buildings Of any city, town
or village Of this State, or for the purpose
of supplying the inhabitants of any city.
town or village, with water, they shall, un-
der their hands and seals, make certif-s
cate, which shall specify as follows: The
name Of said company, and by which it
shall be known; the object for which such
company shall be formed; the amount of
the capital stock of such company; the
number of shares Of which the said stock
shall consist, and the names Of the city,
town or village, and county, in which the
operations OF such company are to be carl
ried on; such certificate shall beaclsnowl-,
edged. certified and forwarded to the
Secretary of State, recorded and coped in
the same manner as is provided in the
second section of this act; and when so
Incorporated. they are hereby authorized
to carry on the operations named in such
certificate of incorporation, and by the
name and style provided in such certi6-
cate, shall be deemed body corporate,'
with succession, and they and their asso-
ciates 10 have the same general corporate
powers as is provided in the third section
Of this act and shall be subject to all the
restrictions hereafter provided R
SEC. 50. That whenever ten per centum
of the capital stock of such company shall
be subscribed and paid in, said corpora.
tors, or any one OF them, shall, in some
newspaper published in the county. give
notice Of the time and place of holding
meeting for the election of five directors,
and the election shall be made by tho
stockholders attending for such purpose,
either personally or by proxy, and each
share of capital stock shall be entitled to
one vote; said election to be superintended
by one or more Of sald corporations [cor-
EA
SEC. 81. There shall be president Of
such company. who shall be designated
rom the number of directors, and also
such subordinate officers as the company,
BY its bylaws, may designate, who may
BE elected or appointed, and required to
give such security for the faithful perform
ance of the duties of their Office, as the
by its bylaws, may require, for
which purpose such company shall have
he power. and are hereby authorized, to
make such rules, regulations and bylaws
Is may be necessary for their regulation,
lot inconsistent with the constitution and
avs of this State.
SEC. AZ There shall be an annual meet
ng Of the stockholders. at place desig-
rated by said directors, for the purpose Of
'lecting officers. who shall hold their Off
'es until the next annual election, and un-
il their successors are duly chosen; said
'fficers shall have the general superinten-
|ence of the affairs Of the company, and
he management of its business. and NAV
all special meetings Of the stockholders
DR. the transaction Of business. N
SEQ. So. Any corporations formed under
his act, shall have full power. if gas
ompany.to to manufacture and sell, and to
irnish such quantities gas or water az
nay be required in the city. town or vii.
age where located, for public and private
uildings, or Tor other purposes; and such
shall have power TO lay con-
uctors for conducting water or gas through