Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1852-11-19

to lOrne' d ection; they are held respOnsibls.
the directors shall ercei one Of their number
presi5rnI of The cooperation. and may appoint
such Other nfh~ers snd agents as Ihsy may deem
proper, 10 uansscI their business, and prescribe
lhe amount Of compensation 10 BE- Hlloued 70
them Tor their services; and such officers. Whsn
required By the by.lAus. shall give bonds 70
the satisfaction OF the direeWrs fot Ire fallhiul
discharge of the trusts committed 10 them; shall
have power. snd are hereby authorized 10
make such rules Tegulauons and by-lsWs, as
mag be necessary fnr their regulation not TO-
consistent with The CONSTITUTION Of this Slats.
The directors shal! have the general manage.
meui Of The afaits OF The compsny, and may
dispose Of the residue Of The capital stock al any
lime rrmaining unsubscribed, ia sIch manner
as the stockholders FOR the ums being may
prescribe. and may employ The capital aud
means Of the company, 10 such manuluctures
as they shall deem best for the company, and
Tor the erection and mainIainance Of such ma.
ehinery. dams, buildings, races, wafer courses
&c, subject always 10 The control Of The stock
holders. as may be necessary in the business
Of manufacturing. but for no other purpose than
those connected wlh and pertaining 90 said
.
Of all stock subscribed and transferred. aud Of
all business transactions, and their books and
records shall al all reasonable Zines b. open 10
the inspection OF any and every s'nckholder
Ihev shall also, when required, present 10 tho
stockholders rrpors in wiring OF The situation
and amount of business Of the company, and
declare and make such dividends OF the profits
/ from the business Of the company. not reducing
the capital stock while they have Outstanding
4abililies. as they shall deem expedeut.
! Sec 65. The persons Damed 10 the ceriih.
cate OF incorporation, Ol a majority OF them,
shall be commissioners TO open books Tor Ihe
subscription To The capital stock Of said compa.
ny. al such times and places as they shall deem
proper, and the said company are authorized 10
commence operations upon Ihe subscription OF
ten per cent. Of said stock. ......
TO PROVIDE FOR THE INCORPORATION OF RELIGIOUS
AM OTHER SOCIETIES.
! Sec. &C. That from and after the passage OF
this act il shall be lawful for any religious sect
or denomination, tre company. or any literary,
scientific OF benevolent association, (otheT than
colleges, universities, academies or semina,ies.l
within this State. TO elect, at a meeting of .
maturity Of the members Of any organized
church, fire company, literary, scientific or be-
nevolenI associalon as aforesaid. called for
mat purpose, any number Of their members. not
less than three, TO serve as trustees or direct.
ors, and one member as clerk, who shall hold
their office during the pleasure of The society
or association
! Sec, 81. That the clerk so appointed, shall
make true record Of the proceedings II the
meeting, provided for by the first section Of
This act, certify and deliver The same to the
corder Of the county 10 which such meeting
shall be held. together with the name by which
such church, fire company, or association. shall
thereafter desire 10 be known; and IL shall be
the duty Of each County recorder 10 this Stale,
Immediately upon the receipt OF such certified
statement. 10 record the same in a book Of rec
ord, 10 be kept by him. provided for that puE'
pose al the expense Of his county, for whch
service he NAV demand and receive. the sum
of ten cents per hundred words; and from and
after making such record by the county record
er, The said trustees or directors, and their as
snciated members and successors. shall be in'
vested with the powers, privileges and imm1ni@
ties, incident 10 aggregate corporations; aud .
certified transcript Of the record herein author.
lied 10 be made By the county recorder. shall
be deemed aud taken, in all courts and places
whatsoever, in this State. as evidence Of The
existence Of such association and corporation.
Sec. 60. The trustees or directors who may
be appointed under The provisions oil this act,
and their successors in office. shall have perpet.
uaI succession, bv such name as may be desig.
mated. and BY such name shall be legally capa.
Bile Of contracting. end of prosecuting and de.
lending suits, and shall have capacity TO &C.
quire. hold enj1y, dispose Of, and convey, all
property, real, or personal, which they may &C.
ouire By purchase. donaGon, or otherwise, for
the purpose of carrying out The intentions Of
such society or association, but they shall DOT
acquire or hold properly for any other purpose.
Sec. 69 That such society or associaIoH.
when incorporated, may elect such officers and
make such rules and regulations, as may be me-
cessarv and expedeni, for lis own government,
and Inc management of its fiscal and other al
fairs. TO effect their respective objects.
Sec, 10. That if said board of trustees or d.
rectors. ms is provided for by The sixty. y.six1h
: section OF this act shall be vacated, either in
whole or in part, by death, resignation, or 9th.
. erwise, such board oil trustees or directors may
/, be revived, or such vacancy or vacancies filled,
If in the manner pointed out 10 the sixIy.sixlh
section of this act, for the original organizations
+. oil said board, and majority OF said trustees OF
k directors, shall be quorum for the transaction
10 OF business.
J. GENERAL PROVISIONS REGULATING INCORPORATED
e COMPANIES. $50
d Sec. II. All companies now incorporated in
d this state, and actually doing business, may ac-
d cep. any Of the provisions OF this act. and when
u so accepted, ond a certified copy Of their ac'
e ceptance filed with The Secretary Of State. that
= portion Of their charters Inconsistent with the
l. provisions of This act, is hereby repealed.
l. Sec. r. All companies hereafter incorPora'
J ted, or accepting the provisions Of this se' e2'
II cept those named in the sixlysx.h section, ere
e rennired 10 make and publish, 10 some newspa.