The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1853-03-25
AN ACT
AN ACT
To incorporate the Dayton and Michigan
Rail p rad CDn,nnny

AN ACT
To incorporate the Dayton and Michigan
Rail Road Company.
Sec. ]. Be it enacted by the General Assembly o
| the State Of OHIO, That Peter Odlen, John Rench
Ihomas $. Smith, J. .. Phillips. Edward w. Davies
and Henry StOddnrd, OF MONTGOMERY county; WilliaH
Barhee, John G. TeIford, Henry w. Culberston
John Clark, Thomas Jay, Joseph Pearson, Joseph
Brown Charles Morris, Jr. William Scott, Rankir
Walkup, Samuel Davis, David Hunter, Moses G
Michel and Edward H. Barton, of Niami county
John Mills, Jehi w. Cary, James McCulloch, and
Hugh Thompson Of Shelby county, and their associ
ates and assghs be, aud they are hereby created n
body corporate and polite, by the name of Dayton
and Alichigan Railroad Company. with perpetual sue
cession, and by tIat name and style shall be entitled
TO have and emjoy, and hereby ure Invested with al
the rights privileges and franchises and he subject tC
all restrictions of the net entitled IAN regulating
Railroad Companies" passed February llth, 1919
and the acts amoIatory thereto except so far as ti
same may be modified by the provisions ofthis net.
Sec. 2. That the capital stock of said company
shall lie eight hundred thousand dollars. with the
Power TO increase the same TO three millions, divided
into shares of fifty dollars each.
sec.3. Said comptny shall have power to construct
| railroad commencing at or near Dayton In Mont
gomery county, by the way of Sidney, in Shelby
County Lima, in Allen county, Toledo. In Lucas
county. to the most eligible point on the Michigan
State line, in the direction of Detroit.
Sec A. Said company shall be, an is hereby nu-
thorized to connect at Dayton with any rail.ro I'd
leading TO, and terminating in the city Of Cincinnati,
with any railroad that may he hereafter construct
ed north in direction of Toledo in Lucas county.
Sec. 8. The county commissioners of any county
through or in which said road may be located shall
be, and they are hereby authorized to subscribe to the
capitalstock of said company any SUN not exceeding
one hundred Thousand dollars, the corporate authori
ties of Dayton, Troy. Piqua, Sidney, Lima, Perrys
burg Maunee City and Toledo, shall also he author
zed to subscribe to said railroad any sum not exceed
ing fifty thousand dollars; aud the trustees of any
township in any county through which said road may
In attnII In ptraIf 10 fIa
capital stock of said railroad company, any sum not
exceeding ten thousand dollars, and in making such
subscriptions, and in all matters relating thereto, the
commissioners OF counties, corporate authorities OF
said cities and towns, and trustees of townships shall
have all the rights, privileges and powers, and be
subject to the restrictions OF an 'act to authorize the
commissioners of Clark county TO subscribe stock in
railroad companies" passed March 3, 1850. far as
the same may he applicable not inconsistent 18th
the provisions of this act Provided, that the vote on
the question of subscribing stock of said railroad
company in any county city town or township, rs
provided for in this act, sha he taken at the annual
spring or fall election, by giving twenty days notice
thereof in tile manner provided for In tile act above
referred to- except as modified by this act-And pro-
vdad further. that majority Of all the voters voting
al such election shall vote for subscription.
Sec. @. That as 500 as the sum offfty thousand
dears shall have been subscribed to the stock of said
railroad company the parsons named in the hrs sec
ton of this act, any FIVE ofthem shall call meet
ing Of the stock holders for the election Of directors
for the government OF said company.
Sec. Z. That the stock which may be subscribed
to said rnil.road company shull be payable at such
time. and in such nstamens, as may he directed by
the board5f directors and shall be transferable in
such manner as they may direct.
Ser. 8. Said company shall have power to sell or
negotiate the notes bonds of the company issued
by such company, or any notes or bonds of every
other railroud company, county, CITY, town or town
ship that said company may at any time hold crown,
at such times and such paceseither within or with.
out this State and at and for such prices as
ha I'D HAT fho inf nI
the company and i such bonds OF notes are thus sold
at discount, such lie shall be valid in all respects
ss ithey were sold at their par value nor sh0l the
sale or negotiation OF any such notes or bonds be In