Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1852-08-12

their of6ces until the next annual cleo
ton, and until their successors are duly
chosen; said officers shall have the gen
eral superiniendence of the affairs OF the
company, and the management OF its
business, and may call special meetings
Of the stockholders tor the transaction OF
business.
Sec 53. Any corporations formed un
der this act, shall have full power, if
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 pub
lie and private buildings, OF for other
purposes; and such corporation shall
have power to lay conductors for con-
Quoting water or gas through the streets,
lanes. alleys and squares in such city,
town or village, with the consent OF the
municipal authorities of said city, town
or village, and under such reasonable
regulations as they may prescribe. .
Sec. 54. The municipal authorities oil
ary CITY, town or village, in which any
gas light or water company shall be or
ganized under this act. are hereby au-
thorized to contract with any such cor
poration, for the lighting or supplying
with water, the streets, lands, lanes.
squares and public places in any such
city, town or village.
TO CREATE AND REGULATE BRIDGE COM
PANIEs.
Sec. 55. That whenever any number
of persons, as named in the first section
of this act, associate themselves togeth-
er for the purpose of constructing a
bridge over any Of the streams Of water
in this State, they shall, under their
hands and seals, make a certificate, spe-
cifying the amount of capital stock ne
cessary, the amount of each share. the
place where said bridge is 10 be butt,
and on what stream; said certificate shall
be acknowledged, certified. and for
warded TO the Secretary Of State. recor-
ded and copied as is provided in the Sec
ond section of this act, and when so in
corPorated, they are hereby authorized
to carry on the operations named in
said certificate Of incorporation, and by
the name and style provided in such
certificate, shall be deemed body cor
porate. with succession; and they and
their associates, successors and assigns,
shall have the same general corporate
powers as are provided in the third Sec
ton of this act, and subject TO all the re-
strictions hereafter provided; but in all
cases, the banks on both sides Of the
stream, where the bridge is to be built,
shall be owned by said company, or that
they obtain in writing the consent Of the
owner or owners of the banks where the
said bridge is TO be erected, 10 erect the
said bridge as aforesaid, unless the said
banks at such point shall be in a public
highway.
Sec. Sc. That the corporators herein
named, shall open the books of the said
company, for subscription TO the capital
stock of said bridge. and so soon there
after as ten per cent. of the capital shall
be subscribed. they shall call a meeting
ofthe persons who have subscribed stock
as aforesaid, and shall then and there
proceed to elect five directors, who shall
be stockholders in the said company,
who shall hold their offices, as such di-
rectors, 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 by the stockholders, as
aforesaid; each stakeholder shall be en-
titled TO one vote for each and every
share Of stock that he may own, and al
ter 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 compa-
ny.
Sec. 81. That the treasurer of the
said company, before entering upon the
duties of his office, shall enter into a
bond, with good and sufficient security,
TO be approved OF by the said board ol
directors, payable 10 The said company
conditioned for the faithful perform
ance of ali and singular the duties ol
his said office, and that he will we'll
and truly account for, and pay over
TO the said company all moneys and
property that shal! IRON time to time
come into his hands by virtue of his
said Office, and that he will use due
and proper diligence 10 collect all
moneys and demands that iIom time
10 time shall be due and owing TO the
said company, which shall be his du.
| ty by law 10 collect.
Sec. So. The president shall pre-.
side at all meetings, when present,
and not otherwise incapacitated, in
which case, or in case OF his absence,
The board Of directors shall choose a
president from among their number,
who shall perform The duties Of the
president at such meeting, and per-
form such other duties as may, from
time 10 time, be pointed out by the
bylaws and the rules Of the said
company.
Sec. SO. The secretary shall keep
a 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 hoard. and perform such oth-