American Lancaster gazette. [volume] (Lancaster, Ohio) 1855-1860, 1859-06-09

and by the name and style provided in said
certificate shall be deemed q body corporate,
with succession, and they and Their sssociaiSe
TO have the said genera power, as is provided
in the third section Of the act 20 which this is
supplementary.
See 2. That the eorporatoTs named in said
certificate shall open The books Of The said
company fof subscription 10 the cspit.i stock
Of said company snd so s0oE fhefesIier as
6fy per cent. Of The capital shall be subscri
bed (aDd) paid in money, they shall call
meeting Of the persons who have subscribed
stock as aforesaid, and shall then and there
proceed to elect five directors, who shall be
stockholders IN the said company. who shall
hold their office ss such directors for one year
from and after said eecti.n, and until their
SUCCESSORS are elected and sualIhed, one oi
whom shall be president, and one treasurer
and one secretary, 10 be named on the tickets
when voted for by the STOCKHOLDERS as afofe
said. Each stoekhoIdet shall be entitled to
one vote for each and every share Of stock
that be may own, and after the fist election
10 stockholder shall be entitled TO a greater
number OF votes than the number Of shares he
mar have pail into tie SAID company.
Sec. 3. That TIE treasurer Of said company
Before entering upon the duties Of bls Office,
shall enter into bond with good and Sufii>
Of directors, payable 10 the said company,
conditioned for the faithful performance Of all
and singular the duties Of bis said Office, and
that he will well and truly account for and
pay over 10 the said company all moneys and
pTOpt riy that shall from time TO time come in
TO his hands by virtue OF his said Office, and
that lie VIII use due and proper diligence to
collect all moneys and demands that from
time 10 time shall be due and owing 10 the
said company which shall be his duty by fAN
TO collect.
Sec. A. The president shall preside st 81
meetings when not otherwise incspaciiateil
IN which case, OF in case OF his absence. th,
hoard OF directors shall choose a presiden
from among their number, who shall perform
the duties or tie president at such meeting
4 and perform such other duties as may from
time to tin e be pointed out by ths bylaws an
rules ofthe said company.
Sec. S. The secretary shall keep recon
OF all m etings Of the board Of directors an
other proceedings Of said company not requir
ed 10 oe performed by shy other Of the officer
| Ct said board, and perform such other and fur
ther duties as may be assigned him from TIM
TO time by the rules and bylaws of said com
pany-
Sec. 6. That the said company shsll hov
power from time 10 time, at any regular meet
ing Of the board Of disecioTs, 70 make, alter o
change spch bylaws and rules Tor tiie govern
ment OF the said company.
See. ~ That The directors Of the said con
! pany shall have power to prescribe the rat
Of t. II said company shall be entitled to n
celve for the passage OF any boat or orher VI
ter craft Of any lock or locks upon said in
! proyement, OF for the running Of any boat
other water craft between The locks on ss
J improvement. B.
Sec. 3. That the. compensation Of ii
president and other officers OF such compal
shall be regulated and fixed by the rules al
by laws Of such company from time totime.
.., WILLIAM B: WOODS,
Speaker oFthe House OF REPRESENTATIVES
MARTIN WELKER.
D ....., .. Ptesident OF the St nate.