The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1869-02-17

VhI. Il. D. NV OO@ AZ
amend section twenty-four of an act
entitled "An act to provide for the
creation and regulation of incorporat-
ed companies in the state of Ohio"
passed Msy l, 1852.
SECTION 1. Be IL rractsd By the
General assembly Of the State of Ohio,
That section twenty-four OF the above
entitled act be amended to read as fol-
lows:
SECTION "a. Any railroad company
heretofore or hereafter incorporated
may, at any time, aid by means OF
subscription tc the capital of any 9TH
er company, or otherwise, and such
company in the construction Of its
railroad for the purpose of forming a
connection of said last mentioned road
with the road owned by the company
furnishing said 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 a
part of which is in this state and con-
structed, owned or leased by any other
company, if said company's lines of
said road are continuous or connected
at a point either within or without
Thu state, upon such terms and con-
ditions as may be agreed on between
said companies respectively, or any
two or more railroad companies whose
lines T so connected, may enter in
to any arrangement for their common
benefit, consistent with and calculat-
ed to promote the objects for which
they were created provided, that no
such aid shall be furnished, nor any
purchase, lease, subletting, or arrange
ments perfected, until a meeting of
the stockholders of said company OF
this state, party to such agreement
whereby q railroad in this state may
be aided, purcha. |, leased, sub-let
or affected by such arrangements,
shall have been called by the directors
thereof, at such time and place and in
such manner as ttey shall designate,
and the holders of at least W. thirds
of the stock fuch company represent
ed at such meeting, in person or by
proxy, and voting theroat, shall have
assented thereto ; and provided fur
ther, that if a railroad company of
another state shall lease q railroad the
whole part of which is in this state,
or mako any arrangement for oPerat-
ing the same, as provided in this act,
such a part of said railroad as is with
in this state shall be subject to taxa
ton and shall be subject to all regu-
lations and provisions of law govern
ing railroads in this state in ike cases
and a corporation in this state leasing
its road to a corporation of another
state, shall remain liable to all par
ties as if it operated the road itself,
and a corporation of another state
being the lessee of q railroad III this
state, shall likewise be held liable for
any violation of the laws of this state,
and may sue and be sued in all cases
and in the same manner as a corpo-
ration OF this state might sue or be
sued if operating its own road, but a
satisfaction of any claim Oh judgment
by either Of said corporations shall
discharge the other ; and a corpora
ton being the lessee, as aforesaid
shall establish and maintain an Office
in this state, at some point on the line
of the railroad so leased, Mt which
legal process and notice may be serv-
ed as at a general Office of a railroad
company of this state.
SECTION 2. That said original Sec
ton twenty-four be and the same is
hereby repealed, and this act shall
take effect on its passage.