The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1859-05-11
Spirit Of 9tmotratp.
LAWS OF OHIO.
PUBLISHED BIZ AUTHORITY
AN ACT


IN the Turnpike Companies of this State
sRd to amend Section Que Of an act in
ve)atiOn to the duties of the Commits
sioners of the Sinking Fund, passed
May l, 1854.
section l. Be It enacted BY tile Gen.
evai assembly Of the State of Ohio, That
section one of the act to which this act is
supplementary and amendatory, be so
snsded as to read as follows:
That the commissioners of the sinking
fund are hereby authorized. and when an
opportunity occurs they are directed to
exchange for certificates of the six per
cent stock of the funded debt of this state,
o. to sell or otherwise dispose of, for
money, any aud all Of the shares of stock
held by the state in any of the railroad
companies and canal companies of the
state; Provided, that such shares of stock,
shall in no case be sold, or otherwise dis
pessd Of, except upon cash payment there
1ss; end in NO case shall any such share be
Osxchangsd. or otherwise disposed of,
- less than the actual cash value of the
same. Should such commissioners be un-
abls TO exchange said stocks for certificates
sfths funded debt of the state, they may,
q such time as they may deem proper,
sdvertise that proposals will be received
b them, at their Office in Columbus for
the purchase of any or all said stock:
such notice shall be published in such
newspspers as they may direct and shall
Do given at least ninety days before the
time 6xed for opening said proposals.
froposels, shall be considered without
respect TO the number of shares bid for,
aad the sale be awarded to the highest
bidder; Provided, that nothing in this
section contained shall be construed to
compel the sinking fund commissioners to
exchange, sell, or otherwise dispose of any
Of said stocks at less than the par value
thereof untess In their opinion the inter.
ct Of the state will be promoted thereby.
Section 9. The comm iss:oners of the
sIaking fund are hereby authorized and
directed to sell, and transfer, any and all
Il ths shares of stock held by the state in
any turnpike company of the state. They
shall. Immediately after the passage of
this act, advertise oil the shares of stock
hsld BY the state, in any turnpike CON-
psny to be sold at auction, to the highest
bidder, in lots of not less than ten shares
each, nor more than ffty shares each, at
some public and Convenient place on the
line Of the road of said company, giving
~ least thirty days notice of the time and
place of the sale, by posters set up at the
gatsor gates thereon, and in some news.
paper of general circulation in the coun-
ty or counties through which said road
pssses; Provided, that nothing in this
section contained shall be construed to
compel the sinking fund commissioners
60 sell or dispose of, any of said stocks
Tor less than their fair cash value, to be
estimated by said sinking fund ecmmis-
oiouers. s-s.f.s f-. -a.-r
g Section 8. Any sale of shares of stock
made under the provisions of this act,
shall be conducted by an agent appointed
By the Governor; but the approval of at
, least two of the commissioners shall be
sscessary to the confirmation. The pur-
chaser of such shares of stock shall be
peqnired to pay one-third of the purchase
money down aud the balance in two equal
annual payments, with six per cent inter
est; but no transfer shall be made by said
commissioners until the same is paid for
sin full. gzsE~ey 90. -, --
sg Section 4. The shares of stock now
owned by the state, in any turnpike COM
! pany, shall not entitle the persons to
whom the same may be transferred, by
virtue of this act, to vote at the annual
election for directors now provided fol
in the charter of said company; but the
v person or persons to whom such shares ol
stock may be transferred, are hereby au
thorized to meet at the same time an6
place with the present stockholders, and
then and there elect, subject to the same
regulations that govern the original stock
holders in their election for directors
the number of directors that the Gov
error is now required to appoint in sale
board.
Section 5. Section one of the above
q secited act is hereby repealed.
Sec. 6. This act shall take effect ol
m passage. # :..t
WILLIAM B. WOODS.
Speaker ofthe House of Representatives
sa' t''a.'iiaz MARTIN WELKER,
- President of the Senate.
"a January -, 1859.
= tssa asa5 &P- .-
g GNo. as.1 AN ACT
= 70 amend section fourteen of an act entities
san act relating to Juries," passed Februar
9th, 1881, and took effect June 1st, 1881.
Section 1. Be itenacted by the General Ifs
ss ssnr5ly o. the State of Ohio, That SECTION four
teen of .an act relating to juries," passed Feb
"a ruary 9Th, 1881, be so amended as TO read a
d follows: Sec. ii. That if there shall be EN-
paDeiled, for the trial of any cause, any peti
. iuror who shall have been convicted of an
crime which by law renders him disqualide
to serve on jury; or who has been arbitrato
on either side relating to the same controversy
or who has an interest in the cause; or who ha
IN action depending between him and eithe
patty; or who has formerly been juror in tn
p aA,ue cause: or who is either party's employe