The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1856-06-19

ken effect, and subject to the valuations
herein before specified.
| ART. 10. Upon stock of either of said
companies entitled to draw interest, the.
interest shall be included in the new stock
of the consolidated company to be issued
to the stockholders of the said several
companies, such interest being computed
up to the first day Of July next. Each
company entitled to premium on its
stock. may, pending the completion of the
consolidation, issue new conditional scrip
certificates to their stockholders for the
premiums hereby agreed to be allowed.
Where fractional shares shall be found
due to stockholders for premiums hereby
agreed to be allowed, or for interest, or
otherwise, when converting their present
stock into the stock of the consolidated
company, scrip stock shall be issued for
said fractions, emitting the holders to a
full share of stock, on payment of The diff
ference In money, or on presentation of
| fifty dollars of such scrip stock. sr.
ART. l. The said new corporation
shall, without delay after its organization,
issue to the stockholders of the respective
companies. parties hereto, and entitled
thereto as aforesaid, and in proportion to
their respective interest in the stock of said
consolidated company, certificates of stock
in satd Pittsburgh. Fort Wayne and Chi
cago Railroad Company, of such form as
may be deemed advisable, and be prescri-
bed by the Directors of said new compa-
/ ny.
ART. 12. Upon the stock and scrip
issued by said n ew corporation to the
stockholders of said several companies,
parties hereto, in exchange for their stock
| in said several companies, the Directors
of said consolidated company may allow
interest at sthe rate of tx per cent per an
mum from the date of the taking effect Of
the consolidation until the road of said
consolidated company shall be completed
and in order for business to its terminus
at Chicago; or until cash dividends shall
be duly declared by the Directors of said
new corporation, and the time of such
completion to Chicago shall be declared
by said Directors; but said interest shall
be payable in stock, and no issue of stock
shall be made therefor until after such
completion of said road to Chicago, or
untilcash dividend shall be declared. n
ART. 13. All and singular the rights,
franchises, privileges, real estate, depot
grounds, rights of way, road bed. rail
road, iron rails, engines, care. machinery,
rolling stock, debts, dues, demands, cases
in action, and property of every descrip-
ton, name and nature in which the said
Ohio and Pennsylvania, Ohio and India
ma, Fort Wayne and Chicago Railroad
Companies have. respectively any right,
title or interest, whether in, possession, re-
version or remainder, with the appurte-
nances, upon the ratification of these ar.
ticles, and the election Of the first board
of directors Of the said Pittsburg, Fort
Wayne and Chicago Railroad Company,
as herein and by law provided for, and
from thenceforth shall be held, owned and
controlled by the said Pittsburg, Fort
Wayne and Chicago Railroad Company,
their successors and assigns, as fully and
completely to all intents end purposes, as
said several companies do or can now
hold, own, use or control the same; and
no further conveyance or assurance shall
be required for the full and complete ves-
ting thereof, in the, said Pittsburg, Fort
Wayne and Chicago Railroad Compa-
ny. 80 tk. sga-e1 4.d
Art. ID. All just debts, guarantees,
and liabilities existing against said several
companies, parties hereto. at the time o.
1.-THE taking effect of this consolidation
shall be, and are hereby assumed, and the
} same shall be provided for, paid and dis
charged by the said Pittsburg, For
Wayne and Chicago Rail Road Compa
: ny.
\ ART. 15. All the books. vouchers, re
cords, muniments of title, and other doc
r uments pertaining to the business or prop
erty of the said several companies. par
ties hereto, shall be placed in the office o
r the secretary of said consolidated conpa
ny, and the said books. records and pa
pers shall be deemed and taken, so far a.
necessary, as the records and books O
said consolidated company, ands books
] records, vouchers and papers shall be
subject to the proper examination and in
Y specion of all persons interested therein
: who shall have the same access thereto
o as If the same had remainedin the offic
s of the original companies. a1 Ts5E F
d ART.S16. The said consolidated compa
! ny shall, so soon as its resources will per
y NIT, and so soon as the same can be econ
emically done, proceed with the construc
) ton of the entire road of the said Fol
'f Wayne and Chicago Railroad Company
e and complete the same into the city of Chi
e cago. e.7a a 80 @.
n ART. II. It is agreed that these art
d cles of consolidation shall he submitte