The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1859-05-20

Shah ASSoio anu eoioiuuy PiSoSiNo 'hs
same in his office; and copy thereof du'
ly certified by the Secretary Of State, under
the great seal Of the State Of Ohio. shall
be evidence Of such corporation or com.
pany.
Sec. 8. That when the foregoing pro-
visions have been complied with, the per-
sons named as corporators in said certifi.
cate, are hereby authorized to carry into
effect the objects named in said certificate,
in accordance with the provisions of this
act, and they and their associates, success
ors and assigns, by the name and style
provided in said certificate shall thereaf-
ter be deemed a body corporate, with
succession, with power to sue and be su-
d.plead and be impleaded, defend and be
defended, contract or be contracted with,
acquire and convey, at pleasure. all such
real and personal estate as may be neces.
sary and convenient to carry into effecI
the objects Of the incorporation; to make
and use common seal, and the same to
altar at pleasure, and do all needful acts
to carry into effect the objects for which
it was created; and such company shall
possess all the powers, and shall be sub
iect to all the rules and restrictions of this
act.
Sec. 4. Any company or association,
organized for the purpose aforesaid. shall
have the power to take by purchase OF
otherwise, and hold such real and person
al property and estate, as may be deemed
necessary for successfully commencing and
conducting the business Of the associa-
ton, and shall have power to lease, sell or
convey, or mortgage the same or part
thereof, in such manner and for such pur-
poses as may be prescribed by the rules
and regulations Of the company and not
inconsistent with the laws Of this State
And said company shall also have power
to deal III the transportation and sale of
the mineral waters yielded by their springs
and to manufacture glass and other yes-
sells for holding the aane3 to engage in
quarrying stone, marble or slate; minin.
coal, ores and other minerals situated on
their lands, and manufacturing the same,
in whole or in part, or both, and to erect
and provide buildings for the accommo-
dation Of visitors and others frequentirg
said spring or springs, and to demand and
receive compensation from said person or
persons.
SEC. 5. The annual meeting of the
stockholders Of such companies shall be
held on the first Tuesday Of May in each
year, at which meeting the directors of
the company shall be elected, and such
other lawful business done as the stock
holders shall deem necessary and proper;
and should they fail to elect directors at
their annual meeting, they shall hold a
special meeting at some subsequent time
thereafter for the purpose, by giving thir-
ity days notice thereof In some newspaper
in general circulation in such county
The directors shall hold their Offices until
their Successors are chosen and qualified; !;
Bit NO person shall be director after
ceasing to be stockholder. Immediate
" after the election Of directors, they
sRaN elect one Of their number president
Ia tke corporation. and may appoint such
I&her officers and agents as they may
dse1 proper to- transact their business
aHd prescribe the amount Of compensa-
ton to be allowed them for their services;
and such officers and agents, or either of
them, when required by the bylaws.
shall give bonds to the satisfaction Of the
directors or president, as the bylaws may
direct, for the faithful discharge Of the
trusts committed to them; shall have
power and are hereby authorized to make
such rules, regulations and bylaws, as
may be necessary for their regulation,
not inconsistent with the constitution Of
this state. The direct ors shall have the
general management Of the affairs Of the
company, and may dispose of the residue
of the capital stock at any time remaining
unsubscribed, in such manner as the
stockholders for the time being may pre-
scribe, and shall employ the capital and
means Of the company as they shall deem
best for the company, in carrying on the
business for which 1t was organized, and
the erecting Of proper buildings, and the
Of their grounds and other
proper purposes connected with and per-
tanning to the said business Of the compa-
ny, subject always to the control of the
stockholders; they shall cause record to
be kept Of all stock subscribed and trans
ferred, and of all business transactions,
and their books and records shall at all
reasonable times be open to the inspec-
tion Of any and every stockholder : they
shall also, when required, present to the
stockholders, reports in writing, of the
and amount of business of the
and declare and make such
dividends Of the profits from the business
of the company, not reducing the capital
stock while they have outstanding Habili-
lies. as they shall deem expedient.
See. 6. The persons named in said
certificate Of incorp grafton, or majority