Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1859-05-12

uon.tnd regulation of incorporated companies
80 ihc state Of Ohto, naased MAY I. it32
seeslsn .. no teaadtoa by tho General Asseia
bly, Of the State Of Ohio. Thai whenever my mum.
ber VI peri ons az required BY Tho first section ui
Inc aoi b. elich This is supplementary assoola-
uug 20 form company TOT The purpose ot imnro-
wing amy stream Of water, of any part thereof
hefotof6ro declared uovigable by any Of tlle lnWE
Of ho state OF Ohio, they shall, under ihoir hands
md seals, make ceriihsate which they shaw spo-
city ns follows First. Tho name assumed by
such company, and BY which u shnl be known.
second, Commencement aud iormini Of said i'm
prov0mont, and the oountloa Though which the
same shhll pass Third. Tho amount OF capital
stock necessary 10 make said improyemenb not
ica1 than tea thousand dollars, apd the amotn ol
each thafe. Such ctTtihuate shall 10 ncknuWl-
edged certified, and Forwarded to tho Secretary OF
state, recorded and copied in the sano manner as
Is provided In tho second section Of tho act to
witch this is supplementary and said certificate
shah alec be recorded In the recorders office Of the
county in which said company shall have its prin-
cipal OIL for doing business, and when so lncot-
poratod, arc hereby authorized 10 mako said i'm
provemenl by the cleaning out Of said stroain or
streams, erection Of dams, locks, aud all other
things necessary for said improvement, as may be
named in their certificate oil Incorporation, and by
the name and style provided In iaid certificate
shall be deemed body corporate, with success
sion and they and their assocatos 70 have the said
goneral powers as is provided in the third section
Of the act to which tiia is supplementary.
Sec .. That tue oorporators named Ia said
certificate shall open The books Of the said compn-
ny for subscription 70 tho capital stock Of said
company and SO soon thereafter as hlty per cent
Of the capital shall be Subscribed tandl paid 90
money, they shall call q meeting Of tho persons
who have subscribed stock as ni0rosaid and shall
then and there proceed to elect Ave directors, who
shah re stockholders ia the said company, who
shall hold their Office such directors for year
from aud after said election, and until tieir suc.
.cossofs are elected aud qualified, one OF whom shall
be president and ono treasurer, and one scorciG
~, to be namod on the tickets when voted for by
tho ookboldors as Aforesaid. Each stoeAholder
shall be entitled to one vote lot each and every
share Of stock that he may own, and after the first
election no stookholder shall he entitled 10 groal-
or number of votes than the number Of shares bo
may have paid into the said company,
Sec. .. That the treasurer Of said company,
before entering upon the duties Of his Office shall
enter into bond with good and suaicient soouu-
ty, 10 be approved Of by said boarl Of directors,
payable TO The said company, conditioned for tho
Githful Performance Of all and Singular the duties
Of his aaid Office, and that he will well and truly
account for aud pay over TO The said company all
moneys aud properly that shall from time to time
come into hs bands by yhtue of his said oGioo,
and that he will uso due aud proper diligence to
collect all moneys and demands that from Time TO
time shall b6 due and owing 10 the said company
which shall bo bis duty BY law 10 collect
See. t. The president shall preside at all meet
ings when not otherwise inoapac.ated, in which
case, or in case Of his absence the board Of di-
reotors shall choose president from among their
number, who shall perform the duties Of the prosi
dent at such meeting aud perform such other du-
tc5-us may from time to time be pointed out by
the by -lhws and rules Of the said company.
Sec. O.. The secretary shall keep record OF
all meetings Of tho board of directors and other
proceedings Of said company not reqnirod to be
performed by any other Of tho ofoers OF said board,
and perform such other aud further duties as may
ho assigned him from time TO time by the rules
and by laws Of tho said company.
Sec. 6. That the said company shall have pow
er from timo to time, at any meeting Of tho board
Of directors, to make altar or change such by
laws and rules for tho government Of the said
company.
Sec. I. That the directors Of tho said company
hall have power 70 prescribe the rates Of toll said
company shall bo entitled to receive for the pas
sage ANY boat or other water craft Of any lock
or locks upon said improycment or for the run
ming Of any boat or other wat,r craft between the
locks on said Improvements
See. 8, That the compensation OF tho presi-
dent and other officers of such company shall be
regulated and Fixed by tho rules and by-laws Of
such company from time TO time.
MILAN d. WOODS,
Speaker Of the House Of Representatives.
MARTIN WELKER,
President Of the Senate.
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