The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1853-03-11
AN ACT
To incorporate the Dayton and Michigan
y nil Dad Gamma

To incorporate the Dayton and Michigan
RailRoad Company.
Sec. ]. Be it enacted by the General Assembly OF
the State Of Ohio, That Peter Odlen, John Rench,
Thomas J. 8. Smith, J. D. Phillips, Edward W. Davies
and Henry Stoddnrd, OF Montgomery county; William
Rarhee, John G. 1elford Henry w. Cuherson,
John Clark, Thomas Jay. Iosepn Pearson, Joseph
Brown, tharles Morris, Jr. William Scott, Rankin
Walkup, ERmncl Davis, David Hunter Moses G
Michel sand Edward Fl. Barton, Of Miami county;
John Mills, J0hn w. Cary james McCulloch, and
Hugh Thompson, Of Shelby county and their associ
ates and assghs, he, md they are hereby created
body corporate and polite, by the name Of Dayton
and Michigan Railroad Company. with perpetual sue.
cesSion, and by that name and Style shall he eiilrd
to have and enjoy, and hereby are invested with nll
the rights privileges and franchises, and he subject TO
all restrictions Of the act entitled IAN act reguntnG
Railroad Companies" passed February It'll, 1919,
md the nets amendatoy thereto except so far as the
Bame may he modified by the provisions Of this act
Sec.2 That the capital stock of said company
shall he eight hundred thousand dollars. with the
Power TO incrense the TO three millions, divided
into shares of fny dollars each.
Sec 3. Suid comprny shall have power 10 construct
railroad commencing ut or near Dayton In Mont
gomory county, by the way of Sidney, in Shelby
County. Lima, in Allen county, Toledo. in Lucas
county. TO tile most eligible point on the Michigan
snte line, in the direction of Detroit.
Sec a. Said company shall he, an | is hereby nlI-
tforz"d to connect at Dayton with my rairo I'd
leading to, and terminating in the city Of Cincinnati,
with any railroad that may he hereafter construct
cd north in direction ofToedo in Lucas county.
Sec. o. The county commissioners of any county
through or In which i'd rond may he located shall
be and they hereby authorized TO subscribe to the
capital stock of said company, any not exceeding
onr hundred thousand dollars the corporate autlori
ties Of Dayton, Troy. Pqua, Sidney, Lima, Pe'rys-
burg, Maumce City and Toledo, slal also he author
lied to subscribe 10 said railrond any not exceed
ing fifty thousand dollars; and the trustees of any
township in any county through which said road mny
he locared shall he authorized 10 subscribe to the
c99SesdaG isf ten so 2ohS o soRf ma y syn sG nat
subscriptions and in all matters relating thereto the
commissioners of counties, corporate authorities OF
said cities and towns and trustees Of townships shall
have ull the rights, privileges and powers, and he
subject TO the restrictions Of ac to authorize lie
commissioners of Clark county TO subscribe stock in
railroad companies" pnssed March g. 1850 so far as
the same may he applicable, not inconsistent with
the provisions of this act Provided, that the vote OH
the question of subscribing stock OF said railroad
company in any county, c ity town or township, as
provided for in this act sla he taken Mt the annual
spring fall eleCtion by giving twenty days notice
thereof in the manner provided for in the act above
referred to- except as modified by this act-And pro-
vidnd further. TINT majority Of all the voters voting
at such election shall vote for suhscripio, D.. ...
Sec. 6. That as 500 rs the sum offfty thousand
dollars shnil lave heen subscribed to the stock Of said
railroad company, the persons named in the first sec,
ton of this act any five Of them snll call meet
ing of the stockb for the election OF directors
for the government Of said company.
Ser. T. That the siork which may be subscribed
10 SAID ra-runp company, sllhll ne phEhhe Ut Such
me. and in such insiallmens, us may be directed by
the hoard ,f direstors and shall be transferable in
such manner as they may direct.
Sec. g. Said company shall have power to sell or
negotiate the notes bonds of tie company, issued
hy such company, or any notes or bonds of every
other railroad company, county, city, town or town.
ship that said company may at any time hold ar wn.
Mt such times and such paces-ether within or with.
out this State and at c rate and for such prices
may he deemed hest fitted to advance the interests of
the company and If such bonds OF notes thus sold
ut discount such lie shall he valid in all respects
as fthey were sold Mt their par value, shal. the
sa negotiation OF any such notes or bonds be in.
validated for any normality in tile issuing, execution
transfer or sale ofthe same. ..,r
Sec. Q. That the Cincinnati, Hamilton and Day.
ton railrod company nre hereby authorized and EN-
pOwered to leni its money credit In such amounts
ms may be deemed e&pedient, TO the Dayton end
Michigan railroad company, 10 aid In the construction
of TIE said road and the extension of the said railroar
to the Mich gan State line, if said company shall n
any time deem said extension eXpedinnt-and TO
this purpose the Cincinnati Hamilton and Dayton rail
road company may guarantee TIE payment Ofany note
or bonds Of such Dayton and Michigan railroad ON
pany by the cUrpnrate authorities Of any city tow
| or by the county commissioners of any county, o
trustees ofapy township, for the aid and heneft o
said company, in pursuance of the provisions o
this act and such guarantee shnl he valid mn
binding, and the said Cine innat Iiamilton ard Day
subscription and transfer, any number Of shares o
the capit,l stock of said company.
JOHN F. MORSE, ,...
Speaker of the House of Representatives.
CHARLES G CONVERS,
Speaker Of the Senate.
March 5, 1851.