The Hancock Jeffersonian. [volume] (Findlay, Ohio) 1857-1870, 1858-06-18
situated, specifying the time, the place and

situated, specifying the time, the place and
object OF holding the same; when the pro.
position TO become joint stock company
shall be'snbmitted to them TO be voted on,
and If agreed TO by the persons representing
in person or by proxy, three iourths' in
amoun. of the certificates OF said company,
or other wise entitled on distribution to the
major part ol the n ct profits Of said compa-
ny, the company shall thereupou cease to be
q mutual, and shal! be and become Joint
stock company, with such an amount OF can
ltal stock, not less than fifty thousand dol
lars, consisting of real estate at its taxable
value, mortgages on real estate well secured
and not having more than ninety days to
run, stocks or bonds at their cash value, and
money ON actual deposit as may from time
to time be agreed on by the persons repre.
senting as aforesaid, three fourths in amour Mt
Of the certificates OF said company, or other
wise entitled, on distribution to the major
part of the net profits of said company
SEC. .. This act shall take effect from
and alter its passage, ,o,.
Speaker of the House of Representatives,.
MARTIN WELKER.
President Of the Senate.
April 10, 1858.
=
TO amend tile act entitled "An act TO provide
for the Creation and Regulation OF lncor
porated Companies in the State of Ohio,'
passed May /, 1859.
SEcrioN /. BE IL enacted by the General
Assembly OF the State of Ohio, That the SIX
ty.thiId section oft the act entitled "nn act
10 provide Tor the creation and regulation Of
incorporated companies in the State of
Ohio" passe cd May /, 1852, be and the same
is amended SO as TO read as follows: That
whenever any number of persons rs named
in the first section Of the act TO which this
is an amendment, associate themselves to-
gether for the purpose OF engaging IN the
business ofmanu nufacturng, they shall under
their hands and seal, make a certificate
specifying the amount of capital stock NE
ccssary, the amount of each share, the name
of the place where said manu- featuring es-
tabllShment OF any branch therGo having n
place Of doing business shall be located, the
name and style 10y which such manufactu
ung establishment shall be known; sad
certificate shall be acknowledged certified,
aud forwarded 10 the Secretary Of state, rc.
corded and copied, as is provided IN the
second section OF the not To which this is an
amendment, aud a copy Of such certificate
duly authenticated by the Secretary OF
State shall be forwarded BY I'm To- the Re.
cordcr Of every county in which such man.
ulacturlnS establishment, or any branch
thereof, having Il place Of doing business,
may BE- situate; and every snch ccrtifica.r
shall be recorded by In. recorder Of deeds,
~ n book to be provided for that purpose.
in every county IN which such manuiactu
ring company, or any branch thereof, may be
located And when 50 incorporated. every
such company Is hereby authorized to carry
on the manuhc'ur!ng operations named IN
said cert feat. of Incorporation, ant hy the
name and Style provided in the said cer,f-
cate, shall he deemed Il body corporate, with
their SUCCESSORS aud assigns, shall nave the
same general corporate powers provided in
the third section of the ac' to winch this is
an ouendmrut, and be subject to all the re.
stuc ions therein contained.
SIC. Q. That section sixty. five Of the act
to which this is mn amendment, hcSo amend
cd rs to read as follows: Sec. 90. The per.
sons named an the certificate of incorpora-
{ lin, or = majority Of tNcm. Shall he Com.
uIsslnn"fs 10 open books Sior.hesulsrriytios
to th. cauiial stock OF said company. ntsuch
time aud place rs they shall deem proper,
and SAID company are authorized 10 com.
mcncc operations upon the subscription of
ten per cent. Of said stock, and may elect
Directors after giving notice OF the time and
place Of election, as prescribed in section
SIXTY four, which Directors shall hold their
Offices unit! the first Monday in January
next after such election aud until the sue.
ceSSors are elected andqualiiied.
SIC. j. The siXty,thlrd and sixty.Gnh
sections of the act entitled can act to provide
for the creation and regulation ofincorpota
ted companies IN the State of Ohio,' passed
May /, 1854, be and the same is hereby re.