The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1869-02-25
Stiokney's Railroad Bill,

The following is tho Railroad bill
Introduced by Hon. Il. Y. Sticknoy,
which passed the House on the 10Th
lust. 1t authorizes corporations out
side this State to purchase or lease
its railroads, and prescribes rules,
regulations, rastriotiaas, ato. uuder
which leases aud purchases shall be
made.
"a bill to amend section twenty. four OF
nm act entitled 'an act 10 provide tor the
creation aud regulation ofincorporaied COM.
| panes In the State Of Ohio, passed May /,
1852. (Swan h Critchdeld, pages 2sl 9s2 J
"SEcrloS l. BE il enacted 6y the General
assembly Qhe STATE Of Okio, That section
twenty-iour OF the above entited act be
amended to read as follows'
"'SNc, a. Any railroad company hereto.
fore or hereafter Incorporated may, at any
time, by any means Of subscription TO the
capital Of any other company, or otherwise,
aid auch company in the construction OF It's
railroad for tho purpose OF forming u con
nec,lou Of said last mentioned road with the
road owned by the company furnishing Mid
aid, or any railroad company organized in
pursuance Of law, either within this or any
other State, may lease or purchase any part
| or all OF any railroad the whole or part OF
which is lu this State, and constructed, own
ed or leased by any other company, if said
compauiy'S lines OF sAihroad are continuous
or connected at point either within or
without this State, upon such terms and
conditions a. may be agreed on between
said companies respectively, or any two or
more railroad companies whose lines are 50
connected, may enter into any arrangement,
for their common bendI, consistent with aud
calculated to promote the objects for which
they were created; provided, that no such
aid shall bo furnished nor any purchase
lease, sub.lcttinY, or arrangement perfect.
ell, until u meeting OF the stockholders OF
said company OF this State, party TO such
agreement, whereby railroad 10 this State
may 10 aided, purehasek leased, sub-let OF
affected by such arrangement shall have
been called by the directors therefore, al
such time and place, and in such manner
AS they shall designate, aud thd holders o
a least two-thirls OF the stock OF such com
pany represented at such meeting, In person
or by proxy aud voting thereat, shall have
assenIed thereto; and provided further, that
ha railroad company OF another State shall
lease railroad the whole or part OF which
Is in this State. or make any arrangement
for operating the same, as provided 10 thi,
not, such part OF said railroad as is within
this State shall be subject to taxation aud
aud shalt be subject TO all regulations ant
provisions Of law governing railroads In this
State In like ceses, and acorporalion In thi
State leasing its road to a corporation OF
another State, shalt remain liable TO all par.
ties, as ii Il operAied tho rold ITSELF ani q
corporation otauother State being the les
see OF a Nilload in this State, shall like.
wise be liable Tor any violation OF the law
Of this State, and may sue and be sued In al
cases aud causes aud In the same manner a
a corporation OF this State might sas or b
sued It operating its own road, but salts
faction OF any claim or Judgment by eiIhe
Of said corporations shall discharge tho 9th
er; and - corporation being the lessee, a
Aforesaid, shall establish aud maintain al
office In this State, at some point on Ia
\ line OF the railroad SO leased, at which lepa
process and notice may be served as at Ih
general office Of a railroad company u thi
State.
''SEc. 2. That said original section 2
be, aud the same Is hereby repealed, Anl
this act shall take effect on i5 passage.
.