The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1859-07-07

the bylaws, shall give bonds to the sstisfac.
ton OF the directors or president, as the BY.
laws 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 incon-
sistent with the constitution OF this state.-
The directors shall have the general man.
agement 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 prescribe, and shall employ
the capital and means of the company as
they shall deem best for the company in car
rying on the business for which 1t was or
ganized, and the erecting of proper build
ings, and the improvement of their grounds
and other proper purposes connected with
and pertaining to the said business OF the
company, subject Slways to the control OF
the stockholders; they shall cOuse a record
to be kept Of all stock subscribed or trans.
ferred, ard of ell business transactions, and
their books and records shall at all reasona.
BILE times be open to the inspection OF any
and every stockholder; they shall also, when
required, present to the stockholders, reports
in writing, Of the situation and amount Of
business Of the company, and declare and
make such dividends of the profits from the
business of the company, not reducing the
capital stock while they have outstanding
liabilities, as they shall deem expedient.
Sec. 6. The persons named in said GER
tificate of Incorporation, or majority OF
them, shall be commissioners to open books
r.. L. 70 hn ifol nf
sal compsnx. at such times and places as
they shall deNW proper, and the said compa-
ny are authorized to commence operations
upon the subscription of ten per cent. of
said stock.
Sec. 7. Az instalment Of twenty dol.
lars on each sRare Of stock shall be payable
at the time Of <RAang the subscription, and
the residue thereof shall be - in such in
stallments and a<Such times and places, and
to such persons, as HAY be required by the
directors of such company.
Sec. 8. All stockholders Of any such
association or joint stock company shall be
deemed and held liable to an amount equal
to their stock subscribed in addition to said
stock for the pur Ne Of securing the cred.
itors of said comp6N
Sec. 9. This act shall take effect from
and after it's passage.
WILLIAM B. WOODS,
Speaker OF the House of Representatives.
MARTIN WELKER,
President OF the Senate.
March le, 1859.
TILL AN ACT
Supplementary to an act entitled can act to
provide for the creation and regulation of
Incorporated Companies in the State OF
Ohio" passed May lst, 1852.
Section l. Be ii enacted By The General
Assembly of the State of Ohio, That when
ever any number of persons, as named in
the first section OF the act to which this act
is supplementary, associate themselves to-
gether for the purpose OF engaging in the
improvement of horses, asses, mules, cattle,
sheep or swine, they shall, under their hands
and seals, make certificate specifying the
amount Of capital stock necessary, the
amount of each share, TIE name Of the place
where such association shall be located, the
name and style by which such association
shall be known; which said cerlificrte shall
be acknowledged, certified and forwarded to
the secretary Of State, recorded and copied,
as is provided in the second section of the
said act to which this act is supplementary;
and the said certificate shall also be record.
ed by the recorder Of every county in which
said company may be formed to carry into
effect the provisions of this act in book to
be kept for said purpose, and when so incor.
porated. they are hereby authorized to carry
out the objects named in said certificate Of
incorporation, and by the name and style
provided in said certificate, shall be deemed
q body corporate, with succession; and they
and their associates, successors and assigns,
shall have the same general corporate pow.
ers as are provided in the third section of the
act to which this act is supplementary, and
subject to all restrictions in said act not in
consistent with the provisions of this act.
Sec. 2. This act shall take effect from
and after its passage.
WILLIAM B. WOODS,
Speaker Of the House of Representatives..
E. BASSETT LANGDON,
President pro tenn. of the Senate.
March IA, 1859.