Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1853-10-06

ZION being consummaIed. be paid par value
for each Of the shares so held by them.
Ore half of such payment with inleres.
Ihefeca, shall be paid In one year and the
osher half, with interest thereon, In Two
wears from the Wrno the consolidation of
said companies is perfected, All slockhold.
ere VITO shall not refuse TO convert their old.
TUck into stock Of such new corporation, and
shah MOI, prior 10 such consolidation being
consummased, require paymen. for The same,
as above mentioned, shall no. have the righl
20 make such requirement afterwards. bu,
shall be entitled. 10 the same number Of
shares Of the stock in the new corporation
No they hold Of the old stock, for which new
sock upon ne surrender Of The old; said new
corporation shall issue 10 them iis proper
certificate.
The number Of Directors for such new
evaporation, shall be thirteen. On Monday
the iweny.fuur,h day Of October, al i2
O'clock midday, after the Two corporations,
parties hereto, shall, in conformity with the
Inv tor the cocsolilalion Of R,ilroad com.
paniss, bs merged and consolidated into the
new corporation provided for in this agree.
tnsn,, the STOCKHOLDERS OF such new corpn.
ration shall hyl a meeting Al the Burnel
House IL the Guy Of Cincinnati, for the pur.
posc VI choosing Directors f,r the same, to
continue in Office for The term Of one year,
and until Others nre dul v elected in their
slead., -cNoi, less than thirty days previous
no,ice OF hich meeting shall be given in
newspapers published in the city Of Chilli.
co,he and the town Of llillsborough. A.
the lime and pl,ce appointed, thirteen Di
recIofs shall be Iosan by ballot. by such OF
the stockholders as shall attend Tor that pur.
pose. either ia person or by proxy. Each
share OF capital shall en,lle the owner to
one vole, AMI II m Ti,y oI all votes given
shall b. necessary fm choice. Three
persons presen, a, such meeting. shall be
selected as Judges Of The election, and shall
certify under their hands, what persons are
elected Directors. The stockholders Of
such meeting shall appoint The time and
place Of holding tho first meeting Of such
Directors.
4 majority of the Directors shall form a
B)ard, and be competent TO transact all bus.
'iacss OF sach new corporation. A new
election for Directors shall he held annua'by.
at such lime and place as The stockholders
al their FIRST meeting shall determine, or as
the bylaws Of such corporation may require.
The Directors chosen al any election, shall,
~ soon thereafter, as may be convenient
choose out of their number one person to be
President, and one 10 be Treasurer OF the
corporation. t,t
When said new corporation is organized,
j. shcl continue 10 operation and transact
iis bust mess in accordance with the laws ap.
plicablu 10 the samo, and the terms AMI
conditions herein stated. |. shall proceed
To construct ,s road as follows: The TWO
lines Of road ol the said two companies, par.
ties TO this agreement. shall bo constructed
us simultaneously as practicable, and they
shall be united upon The west, a, or near the
town Of Blanchesler in the county Of CGn
ion,-Easl Of Hillsborough, 10 which. poin,
the prcscn, line Of road is 10 be maintained
the loc tied limo Of tbs Hilsborough an !
Cincinnati Railroad company is adopted
and The work on The same is 10 be rapidly
prosecuted through HillsborpuRh and Pike.
ION, as for us~Jackson, in Jackson county
and The road. mud work on th8 same, arc u
be continued Immediately eastward Of jack.
son, SO as TO make junction with the line
of the Marietta and Cincinnati Railroad
company, III or hear the town Of Charleston
or Hamdeu, in the county Of Vinon.
The line Of the lIilFsborough and Cincilr
natl Railroad company (now pMlly finished,
10 10 be constructed from Hillsborough tc
Jackson. un1 from Jackson 10 Charleston Of
ilaEden, The poin, Of junction with the Ma
,ie,'a and Ciocnna,isRaiifoad company; Il
nio be constructed on or near the location
Of the Scio,o and Hooking Valley Ruilrouc
company, either upon double truck roaG
bed, under nm arrang, mott similar 10 ina
now subsisting between the Marietta anc
Cincinnati Railroad company. and the Sciolt
and Hooking Valley Railroad company. fc
ajoins graduation north Of Charleston, or BY
III independent line of suitable graduation
a. tho new consolidated corporation may
el-c. Two lines are 10 be constructed so
that there shall be TWO first class Railway
between Manchester. in Clinton county, ant
Charleston or Hamden. in Vinton county
the nprlhern one going through the City o
Chillcolhe, and the southern one through
llilIsboro1gh.
Il is further agreed between the parties
hereto, that said new corporation formed b,
such new consolidation, shall make the bes
practicable connection with the Northwest
ern Vifginia Railroad company, through tn
city Of Marietta. and thar said connection
shall involve and include
!. A favorable site for high bridge owe
tho Ohio Rivcr,so as not 10 interrupt tn
navigation thereof. Hro-s.s
3. The shorles. distance 10 the city Q
Baltimore, in Mary leading through
proper brdge.crossing OF the said river.
3. No grades nr curves less layofabl
than those employed upon the said N6fIh
WsseTn Virginin Railroad, This eonncc
uon will the North. Western Virginia Raj
road company is TO be finished and opene
70 Baltimore business as early as practicable
Provided The Baltimore and Ohio Railroa
company aud The Northwestern Virgini
Railroad company shall enler into Orrauge
nleni with tho new consolidated corpor aIio
substantially like that which they huv
heretofore made with the HiIlsborough an
Cincinnati Railroad company. at
Nc1liscrimnaIions, ei,her in rates Of far
q freight, depot facilities. or the manner {
working the road. shall ever be made by til