Democratic enquirer. [volume] (M'arthur, Vinton County, Ohio) 1867-1873, 1872-01-17
Farmers and Miners RAJ
road.

Farmers and Miners Ral-
road.
The following are the reso-
buttons adopted at the meeting
of the incorporators OF the
Farmers and Miners Railroad,
held III Circleyille on Dec
29th:
ReSolred, That tho President OF
tho Farmers and Miners Railroad
Company be instructed to give i'm
mediate notice, in one or more
parcrs in the counties on the line,
that books viii be opened ior sub,
ecriptions to the capital stock of said
company as soon as legal notice can
be given designating the time and
place where said books shall be
opencd, and that he be instructed
before the thirty days, notice eX-
pircs, to prepare blank books, with
Il form Of subscription for each
county, and that the incorporators
of the several counties take such
steps as they deem best to raise
their share of subscriptions.
ReSolrcd, That all subscriptions
to the capital stock of the Farmers
and Miners Railroad Company
shall be made payable in install,
ments or asscssmcnts-twenty per
cent. when they commence the
work of grading said road, and ten
per cent. every forty days after, as
the work progresses.
.Res0Iued, That as soon rs one
hundred thousand dollars or more
of bona tide subscriptions arc made
to the capital of said Company, the
President bo authorized 10 the
stockholders to meet and elect
Directors.
Resolved, That as soon as four
hundred thousand dollars of sub
ecriptions are made to the capital
stock of said Company, or two hun
dred thousand dollars upon either
end, from CircleviIIo to Urbana, on
from CrcleviIle 10 Macarthur, the
Company are authorized to com
men &C the construction Of said road
in whole or in part, Any who de-
sire can subscribe, to be spent in the
county.
ReSolre1, That in order to eXpe-
dite work and hasten the early
completion of the Farmers and
JEiners' Railroad, the incorporators
Of each county proceed immcdi-
atcly to raise an engineer and con-
tingent fund, for the purpose Of
I'm carly survey and estimate Of
said road, and Ofsecuring the right
of way, &C., and that all who sub
scribe to this fund shall be credited
with the same on any subscriptions
they may make to the stock Of said
company, and as stock Of said com.
pany, and as soon as five thousand
dollars are subscribed on the line
or enough on either end Of the line
TO pay their share Of necessary costs
survey, estimates, drafts and con
tingent expenses, the President be
authorized to employ a competent
engineers force and put them at
the work.
ResOloed, That when engineers
are put into the field, the President
Be authorized to procure blank re
leases Of the right Of way, so as to
have all right of way possible
secured as the lines are run.
ReSolced, That the incorporators
or directors, in taking subscriptions,
are authorized to receive subscrip.
tious for much materials, land or
lots needed in the construction or
mating Of said road also, all do
nations of land, lots &C., for dcpots,
eatlo, lumber or coal yards, or for
any purpose to aid said Railroad
Company,
ReSOIrell, That all funds raised for
engineer and contingent expenses
shall be kept in the hands of the
incorporators Of each county until
needed TO pay for surveys and ex.
Pcnses in their own county,