The Perrysburg journal. [volume] (Perrysburg, Ohio) 1853-1861, 1859-08-04
Feb. 2s, 1859.


No.2tS1 AN Act
Supplementary TO IAN act to provide for Che creation
aud regulation of Incorporated Companies ia The
state of Ohio passed May LlSj2.
SECTION l. u, il en1ctc,f By he General iss11biy
of the STATE Of ohio. That whenever any number oi
persons required by the first section OF the not to
which this is supplementary, nss"ciaiing TO iorm u
company for the purposc OF Improving any stream ot
water or any part thereof heretofore declared hoyga
BILE by nuy OF the laws or the state of Ohin they sha
undor their hands aud seals, make aoerihoate whlch
they shall specify as follows First the name as
Sumed by such company, aud by which 1t shal loo
known Second commencement aud termni oi shid
improvement, and the counties thfohgh Whlch Tue
same shal pass. Third, the amount ot capital stock
necessary to make said improvements not less than ten
thousand dollars, aud the amount OF each share such
ceriihC lie shall he Acknowledged ccthod ana nor
warded the secretary OF state, recorded ana Op ed
in the same mnuugr ns provided iu the second Sec
tion uf tho act to whirh this II suppementary ana
sd certificate sh also he recorded IN thc orders OF
flee OF the co. IN which such company shall have ITS
urncipa Office for doing business and when 80 iuc0r
porated, are hereby authorized TO mako said I'M
provement by the cleaning ont ol said stream or
streams erection dams, locks. and all other things
necessary for said Improvement, Ms may Ice named IN
their c1rt6 'ate OF Incorporation nnd ny the name
and stlc provided in said certificate shall ho deemed
A body corporate with suCcogsiun aud thcy ana thef
associates 10 have the said general powers Ms is pro-
yi1ed in the third section o the act to which TINS "a
supplementary
See ,. That the corporatlrs named in said GER
tnoote shall open the books of the sad company for
subscription to the capital stock of said company nnd
60 soon thereafter fifty per ccnt ul the capital shall
be subscribed landl paid III money they snail can
meeting of the persons who have subscribed stock rs
nfuresad md shall then and thcrc proceed to elect
five directors who shalt DO stock holders in the said
company, who Shall hold their office as such directors
for one year from apd after said election aud until
their success elected aud quahod,one o whom
shall be president and ono treasurer and one sccroiay
to be namll on tho tickets whom voted for by the
stock.hoderS as aoresaid Each sockholder shall be
entitled to one vote Tor each aud every share of stock
that he may own aud after the first election 10 stock
holder shall be entitled To greater number oi votes
than the number Ol shares he may nave pahd mo INC
said company.
Sec B. That the treasurer Of said company, before
entering upon the duties of his ocO shall enter into
n bond with good aud sufficient sccuriy. to be ap
proved by said boa,d of directors payable to the
slid co. con ipicl r the faithful purIprht1e ut nl
and sing ar the duties OF HIS said Office nnd thnt he
will we'll and truly account for aud pay over to the
said company all moneysand property that shall from
time to time into his hauds 10y virtue OF his said
Office and that he wall use due and proper diligence
10 collect all moneys aud demands thnt from time TO
time shalt bo duo aud owing TO tho said company
which shall bc his day 10y law to collect
Soc 4. The president shall preside at all meetings
when not otherwise iuodpncitated, in which case, or
In case of HIS absence the beard of directors shall
choose II president from among their number, who
shall perform the duties Of president at such meeting
and perform such other duties as may from umc To
time be pointed 10y the 10y laws AMI rules OF the
Sec. S. The secretary ,hall keep record of all
meetings OF the boUrd OF directors aud other proceed
ings OF SAID company hob INu"llou \" w
NV any other ot tho officers ut said board and perform
such other and further duties rs may be assigned him
from time to time by the rules and by laws o the said
company. -
Sec q. That the said company shall have power
from time tims at any regular meeting OF the board
of directors, to make alter or change such bylaws
and rules for the government OF the said company,
See T. That tho directors OF the said company
shall havo power to prescribe tho rates of toll salt
company shall bc entitled to receive Tor tho passage
of any boat or other water craft of any lock or ock
upon said improvement or l0r the running of an,
boat or other water craft between the locks said
improvement,
Sec g. That the compensation Of tho president
and other officers of such cumpauy shall be regulated
aud nxed 10y the rules and by laws ot such company
from time 10 time.
WILLIAM B. WOODS,
Speaker the House of Representatives,.
MARTIN WELhEk,
President oithe Senate.