Dayton daily empire. [volume] (Dayton [Ohio]) 1850-1865, 1859-04-23

1857 shall have been flied by the commissioners Of
WILLIAM Il WOODS
- Speaker Of the House Of Representatives,
b. BASSEIr LANGDON.
President, pro tom. ol tho Senate.
March IA, 1859.
mo. 81 AN ACT
To enable Associations Of Persons for tho Improve
ment OF any Mineral or Medicinal Springs in
Section /. Be it enacted by the General As
Ohio, to become Bodies Corporate.
sembly Of the State Of Ohio, That any number Of
natural persons, not less than five, iuay become
body corporate with all the rights, privileges aud
powers conferred. and subject to all the restriction MS
OF this act.
Sec. 2. That any number Of persons as afOre-
said nssoeiatng themselves together for the BUR.
pose Of improving any Of the mineral springs in the
State oi OHIO, aud making the same proper and
suitable place for the recenton and acct mmodatou
Of invalids and other visitors, shall under their
hands aud seals make n certificate, which shall
specify az follows: First-The name assumed by
such company or association, aud by which it shall
be known. Second-The number OF mineral or
medicinal springs 70 bo improved as Aforesaid and
place where situated. Third--1he amount OF cap-
ital stock necessary and the amount Of each share
thereof. Snch certificate shall be acknowledged
before Justice Of the peace other proper officer
and shall be forwarded TO the Secretary OF State,
who shall record aud carefully preserve the same 10
his officei and copy thereof duly certified by the
Secretary OF State under the great seal Of the State
OF Ohio shall be evidence ol such corporation or
company.
SeC g. That when The foregoing provisions have
been complied with, the persons named as corpo-
rators IN said certificate, hereby authorized to
carry into effect the objects named 10 said certli-
cate, in accordance with the provisions Of this act
and they and their associates, successors and as
signs, by the name and style provided in shid GER
lifirata shall a.. kc1,.
with. succession, with power to sue and be sued,
plead and be implicated, defend and be defended,
contract or be contracted with acquire aud convey,
at pleasure, all such real and personal estate as may
be neoesary and convenient to carry into effect the
objects of the Incorporation; TO make and use
common SEAL and tue same to alter at pleasure, and
do all needtul acts 10 carry into effect the objects
Tor which 1t was ereatedi and snch company shall
possess all the powers and shall be subject to all
the rules aud restrictions Of this act.
Sec. 4, Any company or association, organized
Tor the purposes Aforesaid, shall have power to take
BY purchase or othererwise, aud hold such real and
personal property aud estate as may be- deemed nec
essary for successfully commencing and conducting
the business OF the association aud shall have pow
er TO lease, sell or convey mortgage the same, or
pnrt thereof, in such manner and for such pur.
pose % may be prescribed by the rules and regula.
tions Of the company, aud not inconsistent with the
laws OF this State. And said company shall also
sale ol the mineral waters yielded by their springs
and to manufacture glass and other vessels for
holding the same; to engage in quarryiug stone,
marble or slate; mining COAL and other miner
ais situated on their lands. and manufacturing the
same. 10 whole or 10 part, and to erect and provide
buildings for the accommodation Of visitors aud 9th
ers frequenting said spring springs, aud 10 de.
mand and receive compensation from sold person
or persons.
Sec. 5. The annual meeting Of the stockholders
OF such companies shall be held on the first Tuesday
Of May 10 each year, at which meet ing the diTee>
tors Of the company shall be elected, and such other
lawful business done the stockholders shall de, m
necessary aud proper; and should they fail to elect
directors at their annual meeting they shall hold
tpeciai meeting al seme subsequent time thereafter
for theparpose, by giving thirty days notice thereof
10 some newspaper in genea circulation 10 such
county The directors tba hold their offices until
their successors are chosen aud qualified bot no
person shall be director after ceasibg to be
Stockhoder. Immediately aitor the elections Of di-
recors. they shall elect one Of their number presi.
ident OF the corporation, and may appoint such oth~
ct officers and agents as they may deem proper to
transact their business and prescribe the amount Of
compens sation 10 be allowed them for their terVices
and suoh officers end ageu, or either Of them when
required by the by laws, sEall give bonds to the
satisfaction Of the directors president, as the by
laws may direct, for the faithful dis charge OF tho
tiusts committed 10 them; shall have power aud are
hereby authorized 10 make such rules, regulations
aud bylaws, as may be necessary for their regula
tion, not Inconsistent with the constitution Of this
state Ths directors shall have the general man.
agement Of the affairs OF the company, and may dis
pose OF the residue Of the capital stock at any time
remaining nnsubsoribsd, in such manner as the
stockh0lden for the time being may prescribe and
shall employ the capital aud means Of the company
they shall deem best for the company, in carry
lug on the business 70. which Il was Ofganized,
and the tIseting Of proper buildings, and tho i'm
proyement Of their grounds aud other proper pur
poses connected with aud pertaining TO the said bus
inesa Of the company, subject always 10 the control
Of The stockholders, they shall cause a record 10 be
kept Of all stock subscribed aud transferred. aud Of
ali business Transactions. and their books and rec
ords shall at all reasonable times be open TO the in
spection Of any aud every stakeholder, they shall
also when required present. TO the stockholders re-
porte in writing. OF the situation and amount OF bus
ness Of the company aud declare aud make such diV
ideuda Of the profits from the busioess or the con.
pany, not reducing the capital stock while they
have ouiitandlng liabilities, as they shall deem ex
podisnt.
Sec. g. The persons named IA said certificate OF
Incorporation, or majority Of them shall be com
missionors 70 open books for the subserploa to the
capital stock Of said company, at such times snd
places a. they thAll deem proper and the said COM
pany arc authorized 10 commence operations upon
tho snbscrRiiOn Of ten per cent oi said stock.
See. Z. An iastalment Of twenty dollars on each
share Of stock shall bo payable at the time Of ma
klng the subscription and the residue thereof shall
b PAID in such instsllments aud At such lmes aud
a 80 IL l.