The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-03-05

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nation as to all railroad companies, OF
persons and companies, working Oh
running a railroad or railroads which
have their terminus on either side Of
the Ohio river, at or near the city Of
Wheeling.
6. Equal charges shall at all times
be made to all railroads or companies
on all freight, passengers, locomotives
tenders, etc., etc, transported on its
road branch or bridge, on similar
classes oftrade, travel, cars and engines;
and the said company shall at all
times give equal facilities in regard to
the line OF track, arrangement of time
at " hich track shall be used by the
trains of other railroad companies OF
concerns, so as in nowise to prejudice
the trade or business OF one company
10 the advantage Of another.
7. The said company shall have all
the rights, benefits and privileges, and
be subject to all the duties and respon-
siblities provided for and declared in
the fifty-second and fifty,third chapters
of the Code OF West Virginia, so far
as the same are applicable to railroad
companies and not inconsistent with
the provisions OF this act.
8. The capital stock OF this company
shall not exceed three millions OF dol
lars, to be divided into shares Of one
hundred dollars each, and shall be
considered as personal property, trans
ferable on the books Of the company /;
and each share shall entitle the holder
thereof, either in person or by proxy, to
cast one vote in all meetings Of the
stockholders of said company. And
for the purpose of obtaining subscrip-
tons to the capital stock, books may
be opened, under the direction Of the
persons namei in this act, or any three
or more OF them, at such time and
place or places as the persons who may
act in that behalf shall deem expedient.
9. Whenever one thousand shares Of
the capital stock OF the company shall
have been subscribed for, and ten per
cent OF each subscription actually paid,
general meeting OF the stockholders
shall be held in the city OF Wheeling;
and said company may be organized by
the election of nine directors, ten days
notice OF such meeting having been
given in some newspaper printed in the
city of Wheeling.
10. The business and affairs of said
company shall be under the control
and management Of Board OF Direc-
tors, a majority of whom shall consti.
tute a quorum for the transaction Of
business. The said board shall consist
OF nine directors to be annually elected,
and to hold their offices until their
successors are elected. The said direc-
tors shall elect President from their
own number.
IL. The city of Wheeling or any
stakeholder shall have the right to
prevent violations Of this charter, and
enforce its provisions by injunction or
other appropriate remedy.
Il. The said company is hereby en-
powered and authorized to borrow
money for the purpose OF constructing
its road, branches, bridges, shops, ETC.,
upon such terms, times and rates Of
interest as said company may deem
proper, and to issue its bonds under its
seal therefor, and for the purpose Of
securing the payment of the principal
and interest OF its bonds as issued, &C
cording to their tenor and effect, it may
execute and acknowledge for record a
proper deed of trust upon all its prop
erty, including this charter. Said bonds
may, by resolution Of the Board OF
Directors Of said company, be made
convertible into the stock Of the com
pany.
Ii. The council of the city of Wheel
ing may subscribe in the name aud on
behalf of the said city to the capital Of
said company, to an amount not exceed
ing five hundred thousand dollars, and
may pay for its subscription in the
bonds OF said city, or otherwise. Pro-
vided, that before any such subscription
shall be made, the maximum amount
thereof shall be proposed, and the ques.
ton whether such subscription shall be
made or not, shall be submitted under
suitable regulations to be prescribed by
the council OF said city, to a vote OF the
persons authorized to vote tor members
of the council of said city, and unless at
least three.fifths Of the votes cast shall
be in favor OF making such subscription,
the same shall not be made.
II. The county OF Ohio is hereby
authorized and empowered to subscribe
to the capital stock of said company to
to amount not exceeding three hundred
Thousand dollars, and to pay for its sub
scription in its bonds or otherwise.
Provided, that no such subscription shall
be made for or on behalf OF said company
until the maximum amount thereof
shall be proposed and the question
whether such subscription shall be made
or not, shall be submitted under suita-
bic regulations to be prescribed by the
Board Of Supervisors OF said county, or
such officers or board of officers as shall
then have the management Of the
affairs of said county, to vote OF the
persons qualified to vote in said county
for members of the Legislature OF this
State, and unless three-fiths OF the
votes cast shall be in favor of sub
scription the same shall not be made.
Is. II the said city of Wheeling and
the said county OF Ohio, or either Of
them, shall make any such subscrip-
ton, the said city aud county are hereby
severally authorized and empowered to
issue coupon bonds to an amount
sufficient to pay for its subscription,
payable at such times and place, and at
such rate of interest, not exceeding
seven per cent, as the council OF said
city or the proper officers OF said county
shall direct; and to secure the payment
OF the principal and interest OF the
bonds issued, the said city or county