The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1852-10-22

or lines Of magnetic telegraph, as may be
named in their certificate Of incorpora-
Iion, and by the name and style provided
| in said certificate, shall be deemed a
body corporate, with SUCCESSION, and
llhey and their associates 10 have the
same general powers, as is provided in
The third section Of this act, end shall be
subject TO all the restrictions hereafter
provided.
Sec. 45. The persons named in the
certificate may, at any time, open books
fof subscription to the capital stock Of
the company, aAd when a, least len pei
centum shall have been subscribed, a
meeting shall be called, by notice being
given by any one Of the corporators, fol
thirty days, in some newspaper printed
in each county through which such mag
netic telegraph may pass, if 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. as. There shall be meeting
Of the stockholders annually, at a place
designated by said directors, when pre-.
sdent, three directors, secretary and
treasurer shall be chosen, who shall hold
their Office until the next annual cleo
ton, and until their SUCCESSORS are duly
chosen. The stockholders, at their an.
nual meeting, may, from time TO 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
Specinl meetings of the stockholders
may be called, for The transaction ol
business, by the directors.
Sec. AZ. The corporation hereby
created, is authorized to construct said
telegraphlc 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 abut-
menis necessary for the wires; Provided
that the same shall not incommode the
public in the use Of said roads or high
ways.
Sec. 4S. That whenever two or
more telegraph companies desire TO con-
soIidaie themselves into a single corpo-
ration, they are hereby authorized and
empowered SO to do, in the same man.
peI, and subject 10 the same rules as are
provided in the twenty-6rst, twenty-sec-
ond and twenty.ihird sections Of this
act, relative 10 the consolidation of rail.
load companies.
TO CREATE AND REGULATE GAS LIGHT
AND WATER COMPANIES.
Sec. 40. That whenever any num-
Der of persons, as required by the first
section Of this act, associate 10 form gas
light and water companies, for the pur-
pose Of supplying gas for lighting the
street, and public and private buildings
OF any city, town or village Of this State,
or for The purpose of supplying the inha-
bi!anis Of any city, town or village, with
water, they shall, under their bands and
seals, make a certificate, which shall
specify as follows: The name Of said
company, and by which it shall be known;
the object for whirh such company shall
be formed; the amount of the capital
stock of such company; the number of
shares Of which the said stock shall con
sist, and The names Of the town, city or
village, and county, in which the opera
tions OF such company are TO be carried
on;such certificate shall be acknowledged,
certified and forwarded TO the Secretary
ofState, recorded and copied in the same
manner as is provided in the second sec-
ton Of this act; and [when] 90 incorpo-
rated, they are hereby authctzed to car
ry on the operations named n such cer-
ii6cate efincorporation, and by the name
and style provided in such certificate,
shall be deemed body corporate, with
succession, and they aud their associates
TO have the same general corporate pow
ers as is provided in the third section Of
this net, and shall be subject to all the
restrictions hereafter provided.
Sec. so. That whenever ten per cen.
ium of the capital stock of such compa-
ny shall be subscribed and paid in, said
eorpora'ors, or any lionel of them, shall,
in some newspaper published in the
county, give notice of the time and
place for holding meeting for the elec-
lion of FIVE directors, and The election
shall be made by the stockholders atten-
ding for such purpose, either personally
Or by proxy, and each share Of capital
stock shall be entitled 10 one vote; said
election 10 be superintended by one or
more Of said corporations Ecorporators1
4 Sec. 81. There shall be president
df such company, who shall be designa-
ted from the number Of directors, and
also such subordinate officers as the
company, by It's bylaws, may designate,
who may be elected or appointed, and
required TO give such security for the
faithful performance Of the duties Of
their office, as the company, by is by
n