The Portage County Democrat. [volume] (Ravenna, Ohio) 1854-1868, 1859-08-03
Laws of Ohio.
PUBLIsHED nv AUTHORITY

Laws of Ohio.
PUB LIsHED BY AUTHORITY
CNo.1e5.l AN ACT
To authorize associations of persons for carving esh
of the navenbe waters of the State Of Ohio apt
the lakes a. d nayigahle rivers bordering thereon
Section l. Be it enacted by the General Assembly NJ
the State Of Ohio That any number of persons
less than Ave- being citizens of the Ohio
become body corporate with all the rights prjyiege
and powers conferred and subject to all the restrictions
of this act
ating themselves together for re purpose transpor
ing freight of the naviguhle rivers in State
Ohio and of he lakes and naviaahe rivers bordern,
thereon shsl, under their hands and sras make GER
ti6cate which shall specify follows: First. the
shall b, known second, the of the county act
where the principal Office of such company is situate
third the amount of rapi stock. not to be less than
Thousand dollars and the of each share. Such
certificate shall be acknowledged before justice of the
other proper officer, and shall he forwarded
he Secretary of State who shall record and carefully
preserve the s'me in his oce and copy thereof duly
certified bv the Secretary OF State under the
the State of Ohio shall be evidence of corporation
compiled WITH the named corporators said
cerifae, hereby authorized carry into effect the
provisions of this aet and they and their associates
and assigns. by the and style provided in
said certificate shall thereafter be deemed body
rate, with succession. witt, power to and sued
plead and be mpleaded defend and he defended
and he contracted with; to make and seal
and break pleasure; and to do ali
needfu carry into effect the objects for which
created. q. al
Sec A. Any company or association organised for the
purposes aforesaid shall have TO build purchase,
and hDd such number of steamboats, other vessels
and such other personal property may be deemed
for commencing aud conducting the business
the c tion: and shall power sell same or
any part thereof such manner aud for such purpose
may rescribed by the rules and regulations Of the
company, and not consistent with Of this state
of freight produce upon anv of the navrabe streams
in the State of Ohio, ard any the lakes and naviga-
Bile rivers bordering thereon and shall be governed by
the same laws not inconsistent with this act which gov
individuals in such empoymeuis.
Sec. S. The annual meeting of the stockholders OF
such company, after the first election of directors shall
held at such times the directors may prescribe,
elected and other lawful business done as the stock.
holders may deem necessary and and should they
hold speciri meeting at some time for that
purpose by giving thirty days notice thereof in some
n % IN the hers the
tors shall hold their Office until their successors are
chosen and qualified and shall have power to fill all
after ceasing to be stockhoder Immediately after
eeeion OF they snail elect one OF their number
officers and ents they deem proper transact
their and may ibe the amount of copen-
sation to be allowed for their services; and such officers
and agents. when required by the bs laws rules ard
ulutons shall give bond to the satisfaction of the direct
them. Said direc.ors shall have power hereby
authorized to rake such rules, regulations
with the constitution and laws of this state; they shall
have the general management of the affairs of the compa
and may dispose of the residue of all capital stock
any time remaining unsubscrbed in such the
STOCKHOLDERS for the time heng prescribe end shall
employ the capital and means of the company they
shall deem best for carrying which
was organised. subject always to the control Of the stock
subscribed transferred all business transacons
and their books and records shall at all reasonable times
they also present to the stockhoder
reports in writing of the situation and of business
OF the company and declare and make such dividends of
the profits of the company, reducing the capital
while they have outstanding liabilities, they shall deem
expedent.
Sec. g. The persons named in said certificate of fncor-
poration, or majority Of them, shall be commissioners
company, at snch times and places they shall de m
proper, and said company authorized to commences
spsTsons alton upon the subscrpon Of eighty per cent O.
share Of stock shall he made in cash at te time of making
the subscription and the residue thereof shall he paid
such instaments at such times and places and to such
persons be tired by the directors Of such
tai stock of ruch company shall fail to make payment
such subscription, or any par thereof at the time
times by the directors the said company shai
have power to proceed by suit to collect the in
court OF competent Jurisdiction.
Sec 4. Each stockholder shall be Individually abl
lor all the debts OF the company In an amount equal +
the amount of his subscription thereon In addition there
Secs. This shall be in force from and after it
passage. -
WILLIAM B. WOODS,
Speaker of the House OF Representatives.
MARTIN WELKER,
=.. President of ,he Senate.
mo. 1851 ANAcr
Authorizing the examination of Banking Corporations
certain cases.
Section l. Be 1t enacted by the General Assembly
the stnte Of Ohio That any banking corporation in th
State of Ohio, organized under the laws thereof whc
ton or other sbe or sa bsWs sn
ia trust Of its effects part thereof for the purpos
Of pefrng any of its creditors whereby the provision
Of nNr,a alnt1 1r,f1a
which the organized. the supreme court of Obi
has power to appoint master commissioner, examine
or oher person. for the purpose of investigating the
dieon and management of said corporation The maste
commissioner, examiner or other person. who may
appointed by the supreme court of Ohio to make sue
examinations, shall examine fully in regard all
matters touching the condition AID management of sue
purpose power is given him to issue for the al
tendance of witnesses the production Of book
and accounts necessary for such examination, also,
summon the officers, agents, assi2nees, employees
said or other PERSONS to appear before hir
and testify in relation the condition and menagemer
OF said corporation, and also to all necessary ese
ny to show the condition and management of the afa
of said corporation. - i.- ~ @ '
Sec. z That said master commissioner, examiner Q
other person. who be appointed by said court: sha
tendance of witnesses and other persons produco
BOOKS, pagers. and accounts, to compel answers
him to enforce all orders by him made touci
ing sueh examination by proceeding for contempt,
anu 20 the same extent, as any court Of the State
Sec. 3. The master commissioner examiner or otht
before entering upon the duties Of such appon
ment shall take OATH that he will faithfully honest
and imparaly discharge the same and shall report b
prSeeedings to the supreme court as it may re9uire
agents employees assignees said for
the evidence of other witnesses sworn shall appei
necessary to the examination provided in this act
the possession, under the control Of within Il
ees, within the State Of Ohio or elsewhere, which no
belong to belonged to said corporation, the orig
nails of which be proicced at such examination
master pereO
snail have power TO the same extent, and In the sam
manner Is prescribed by sectien two of this act
compel the ocers agents employees or assenees
corporation to procure upon such examination atteste
copies Of such books, papers or accounts.
Sec D. This act to be n force from ana alef It's pa
sage.
Speaker of the House Of Representatives.
MARTIN wELKER,
President of the Senate
Aprn2, 1889.
mo. 1701 AN ACT
To amend Section of an Act Regulate th. election
State and County Officers, passed May B. 1859, (Swan
Statues, 34t
ssction / Re it enacted by the General Assembly
the State OF Ohio, That section of an 40 passed May
1852 entitled act to regulate the election Of state m
county officers he so amended to read as follow
Section 4. That if either of the trustees common colr
cmen clerk of township, shall fail to attend
them should be candidate for state county ofic
then he the duty of the electors present to chos
viva voce, suitable persons the case may reqire ia
ing the qualifications Of electors as judges cle
las the be OF the election; and previous to ar
votes being received such judges and clark, beiug
trustee clerk of the township shall take an oath or
hrmation which may be administered by justice OF q
peace trustee clerk of the township n the toiiowir
form: sYou, A. B, do solemny COR affirm, ss u
may be) that you will perform the duties Of lSGge
clerk this election (as the may nel
law and the hest of your abilities and ina. you M
diously endeavor to prevent fraud dsee' Ut ""''s
conducting the Rame." A., ., 4. ,ar.hx !,
Sec 3 That said original section seven IS nersoy @
pe.led, and this shall he in force i'om auu aef
passage. xv1rT1AM n wooDs