The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1853-03-18
s l-.aI AN ACT
To incorporate the Dayton and Michigan
Rail pnoI C,n,n,nu

-s.a...i' AN ACT
To incorporate the Dayton and Michigan
Rail Road Company.
Sec. ]. Be il enacted by the General Assembly OF
the State Of Ohio, That Peter odlen, john Rench,
Thomas ]. 8. Smith, o. Phillips. Edward w. Davies
Barhee, John G.. Teiford, Henry w. Culberson,
John Clark Thomas Jay, Josepn Pearson, Joseph
Brown. charles Morris, Jr. William Scott Rankin
WalknP, Samuel Davis, David Hunter, Moses G.
Michel and Edwnrd II. Barton, Of Miami county;
John Mills, Jshn W. Gary Jumes McCulloch, and
Hugh Thompson, Of Shelby county, and their Rssoci,
aes and assigns, he, and they are hereby created
body corporate and polite, by the name Of Dayton
and Michigan Railroad Company. with perpetual sue.
cesson, and by that name and style shall be entitled
to have ani enjoy, and hereiy are invested with a
the rights privileges and furnishes, and he subject 10
MI restrictions Of the act entitled "hn act regulating
Railroad Companies" passed February lth. fa4a
and the acts amendatOry thereto except far the
snme may be modified by the provisions ofthis act.
Sec That the capital stock of said company
shall he eight hundred thousand dollars. with the
Power to increase the to three millions, divided
| into shares of fifty dollars each.
Sec.3 Said comprny shall have power to construct
a railroad commencing ut 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. Said company shall he, am Is hereby nl-
thorizrd to connect ut Dayton with any rarn I'd
leading TO, and terminating In the city Of Cincinnati
or with any railroad that may he hereafter cOus
ed north In direction ofToledo in Lucas county.
Sec. .. The county commissioners of any county
through or in which said road may be lOcuted shall
he and they are hereby authorized to subscribe to the
capital stock of said company amy IN not exceeding
one hundred thousand dollars, the corporate autlor
ties Of Dayton, Troy. PIqua. Sidney, Lima, Perrgs
hurg, Maumee City and Toledo, shall also be author
lied to subscribe TO said railroad any not exceed
ing fifty thousand dollars; aud the trustees of any
township In any county through which said road
ne located Shall ha authOriHpd Silbscrihe to the
capital stock of said railroad company, any sum not
exceeding ten thousand dollars, and in making such
subscriptions and In a matters relating thereto, the
commissioners OF countless corporate authorizes o,
said cities and towns and trustees Of townships shall
have ull the rights, privileges and powers, and he
suhac TO the restrictions of "act to authorize the
commissioners Clark county 10 subscribe stock In
railroad companies" passed March 8, 1850, far ms
the sane may be applicable, not inconsistent MIR
tile provisions of this act Provided that the vote on
tile question of subscribing stock of said railroad
Company In any county, city town or township, as
provided for In this act sha he taken at the annual
spring or fall election, by giving twenty days notice
thereof in tho manner provided FOR in the act above
referred to- except as modified by this act-And pro-
vld"d further. that majority of all the voters voting
al such election shall vote for subscription.
Sec. s. That as soo as the sum offlfty thousand
dears shall have been subscribed to the stock OF said
railroad company. the persons named in the first
ton OF this act or any five Of them shall call meet.
ing OF the stock holders for the election Of directors
Tor tlo govel nment OF said company.
Sec z. Tint the stock which may ba suhscfihed
to said railroad company, shall be payable at sci'
time. and in such nstamens, as may be directed by
the hoard Jf directors and shall be transferable In
such manner as they may direct. s.s.
Sec. 9 Said company shall have power To sell or
negotiate the notes bonds Of the company. issued
NY such company, or any notes bonds OF every
other railroad company, county, city, town or town
ship that safl company may at any time hold or uwn,
al such times and such paceseither within or with
this STATE, and at s,ch rata AMI for such prices as
may be deemed hest fitted TO advance the interests of
tho company, uRa fsuc bontsot notes are thus SOLD
at discount, such sle shall lie valid in all respects
as ittcy were sold at thcr par value, shsl, the
sale or negotiation o! any such notes or bonds be III