The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1853-03-11

by said commissioners, trustees or town |
con neil, and "Pgularn on the face thereof |
shall in the hands OF said company, or any
bona Iide holdF thereof, be deemed and
taken III all cbrrts and elsewhere as conclu-
sive evidence Tthe regularity of every thing
required by tbsact to be done preliminary |
10 the issuingard negotiation Of such notes
or obligatioDS ..t
Sec. 3. Said commissioners shall keep
an accurate teglslor of all bends or oblign.
tions issued uider the provisions of this act.
showing the tates. numbers, and amounts
thereof, to wpm, and when payable, and
the rate uf nirCet stipulated therein, and
they shall also cause to be kept in the Office
of the Andlto of snid county, such book s
and entries will fully snow all liabilities,
receipts, Disbursements, and the precise
state of tho Indebtedness of this county IN
any way arising under this act.
Sec. a. Tie faith Of the county, and the
net profits cfdividehds upon the stock so sub
scribed by tie county, shall stand pledgcc
for the payment Of the Indebtedness and in,
terest, which may become due from said
county under this act; and it is moreover,
hereby mat dc he duty OF the commissioners,
and the auditor Of said county, from and alter
the contractlag Of any Indebtedness against
said countyt.pmder this act, 10 add such per
centum uponthe tax duplicate of said county.
annually, over and above she dividends or net
profits aforesaid. TO pay the accruing interest
arising under this act, and also TO provide
sinking tunl OF such amount as they may
deem expedrnt. and the moneys go levied,
when collected shall be applied to the purpose
aforesaid, and to none otger.
Sec. s. Said commissioners shall. by
themselves, or such agent or agents as they
may appoint, have tdl power to vote at all
meetings ofthe stockholders Of such railioad
company. inpropo ton to the stock owned
by the county, and in nlI other respects, TO
act in the business of such company, as in
dividual stockholders in The aame, are author
lied BY lawto do; and the said commissions
ers are hereby authorized, whenever they
may deem the same expedent, to sell and
transfer any or oil stock owned by the coun-
ty, in such company, in order 70 pay off the
Indebtedness which may arse under tbs act 4,
and The proceeds OF such sale shall be applied
to the eytinguishment Of an equivalent
amount Of sthe Indebtedness o! the county.
created under this act.
Sec. 6. Bt.fore any stock shall be subscrib-
ed to such iailroad companies under this ac. i,
the question shall be subn itted to the 9nai-
fed electors oi SAID county, except the town
ship of Madison, in said county, whether the
county shall become subscriber or not; and
to this end, it is further provided, tn at upon
the writtounpplication of thirty or more ciil.
7ens Of SAID county. to the sheriff of the
samc, thirty days PRIOR to any annual cleo
ton, it shall be the duty of snid sheriff to
give notice, at lenSt twenty days prior 10
said election, bv advertisement in all the
published in said county, and
continue the same in said papers until the
time of said election, that vote Will be
taken for and against such subscription, and
the said sheriff shall also publish in each oil
the said papers. for the same length of time,
copy of this act, and the qualified electors
of said county, shall. at the election so given
notice of by the sheriff, as aforesaid vote FOR
or ag uinst such subscription, bv using one
or other OF the following phrases, to he
p-inied -ozsinriIteu on their ballots: "ior sub
scription," "agnlnst subscription"
Sec. Z, The judges of such election. in
the sevcrhl townships in sald county. shall
respectively keep statement OF all the votes
given foro aganst said subscription, at snd
election, and shall, within three days after
said election, certify to the clerk OF the court
OF common plous Of said county, the number
of votes given for and against the suhscrlp-
ton. and it is hereby made the duty OF SAID
clerk, in the presence of two justices OF Inc
peace of said county, 20 examine and make
an abstract OF all the votes given in said
county f5r and against said subscription,
which abstract shal be signed by said
clerk and Justices. and filed in the Office 0!
said clerk, and il it shall be found that
majority of all the votes given at said eIec-
ton on fhe question, shall be in favor OF
such subscription, the clerk shall certify the
same TO the county commissioners, whose
duty it shall he thereupnn to subscribe for
stock in some one or all the railroad com
panies in said county, and shall in all other
respects conform to the provisions OF tins
act; provided, that il any majority OF all The
votes given at said election, be against such
subscription, the question may on ike aP-
p!icntion, be in like manner submitted 20 the
qualified voters of said county, at the next,
or any subsequent spring or fall election.
ard if at any subsequent election, said
.questionbe decided by majority OF the
votes given thereon in favor of subscription,
su ch decision shall have the same effect
anu lOECe az u maui " wy sh'S' ~
Sec. Said commiss oners sNali allow
said sheriff, auditor. and the publishers o.
said papers, reasonable fees Tor their services
under this act, AMI the said commissioners
shall be entitled to the same per diem az
Iowance for the time occupied in the DIS
charge ofany Of the duties imposed on them
by this act, as they are now. or may here.
after be. by law allowed for other services
Sec. O. Any two of said commissioners
may do and perform any act or thing which
the said commissioners are by this act au'
thorzed or required to do or perform.
Sec. 10. The corporate authorities OF
the town Of Springfield, and the trustees OF
any 4ownshp in Clark county, may sub
scribe TO the capital stock OF any railroad
CO mpany, portion Of whose road Is located
IN said county any sum not exceeding hfty
thousand dollars; and TO pay the same, they
may adopt the same means, and exercise the
same powers as are given by this act tn the
county commissioners; provided, that nc
such subscription shall be made until after
the question of subscription, shall be SUBJ
mitted to the people of said ;own or town
ships, and authority given by majority
vote, at any election held for that atpurpose
provided, also, that the total amount OF su b.
scrption made IN pursuance o: this act.
shall not exceed the sum Of "ne thousand
dollars. a.r .-
BENJAMIN F. LETTER,
Speaker of The House Of Representatives
CHARLES q. CONVERS,
Speaker oG the Senate.