Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1872-04-26
THE BoEsEL. RAILROAD BILL.

' OhSTiON 0e W eHucfen bN ,t1t Nenerrf Aheen1~ .
Hg ofhe 9ate Of Ohio, That II shall be lawful
for any county to construct a railroad, and to
borrow as a fund for that purpose. A sum not
exceeding five per cent. of the assessed valua-
4 ton there last made OF the real and personal
property IN such county, as [iwo-thirlsl OF the
electors OF such county voting at a meeting cal
led Tor that purpose Fhall determine provided
that the total amount OF outstanding indebted.
ness incurred for any and all railroads shall uot
exceed i've per cent. Of the assessed valuation
OF such county at INV one time provided that
the amouuts exclusive OF interest, which shall
have become due aud collectole in any one
year, shall not exceed one per cent. Of the as
sessed valuation Of such county
SEo. z. II shall DO tue Guty Of The commits
si0ners OF any county to call a meeting Of the
electors ot such county, nj their usual places Of
voting Whenever written request to do so shall
De made by one hundred taxpaying electors Of
such coup.y; and the said commissioners shall
give thirty days notco to the qualified electors
thereof, by publication in a newspaper Of gen
erai circulation In said county, requiring said
electors to v0te for against the construction or
the proposed road and Of the time Of said vote.
And the opinion of said electors shall be ex-
| pressed on their ballots, " Railrnad-Yss," ;" or
Railroad No :" which ballots shall be counted
and returned by the judges and clerks of cleo.
tions as in other cases provided, that such re-
quest and notice shall specify the termini OF the
proposed road, the amount 10 be appropriated TO-
wards Its construction, the conditions, rate Of
interest, time of payment. aud manner Of execu-
ting the bonds, aud other PARTICULARS in regard
to!Auch appropriation not otherwise provided
herein. Sad commissioners, upon proper re-
| quest as aforesaid, are hereby authorized and
required to call special ee,iion for the purpose
aforesaid, by giving the notice required hereby I;
provided, that no county under the provisions Of
this act shall hold more than one special election
In one year. A copy Of the request and also Of
the notice required by the provisions OF this acc
tiCn, shall be entered at large upon the records
OF such county, together with statement of the
result aud other essential particulars, and GER
tilted copy Of such record shall be in all courts
and places prima facie evidence Of the facts
therein set forth,
SEC. 8. Any county which may avail itself
OF the benefit Of this act as provided herein shall
within lsixtyl days after the question OF con-
structnR any road Is determined bya vote OF
the electors OF such county, as provided in sec
ton two OF this act, issue its coupon bonds for
the amount so determined to be expended, which
bonds shall be in sums Of not less than fifty dol
lars each, and not more than one 81 900 each I,
and shall be payable at any time as determined
upon by the electors Of such county, not exceed
ing twenty years from the date thereof such
bond shall bear interest at a rate not exceeding
eight (S) per cent per nnnim, and shall have
attached thereto the usual and necessary inter-
est coupons, corresponding in date and numbers
with the bonds to which they are attached, (which
shall be signed by written tsignature OF the au.
ditor. Such bonds shall be signed by said
county commissioners, under the seal OF said
county, and attested bv the auditor Of said eoun-
ty. The bonds, and the coupons attached there
to, shall be payable either at the office OF the
treasurer Of said county or in the city of New
York as shall be determined by the vote Of said
electors and said bonds shall not be sold at less
than their par value.
SEC. 1. Whenever any such bonds, as provi-
ded by the provisions Of this act shall have been
issued as therein specified, they shall be deliver
ed by said commissioners to the treasurer Of the
State, who shall give a receipt therefor, aud
hold the same as trustee for the county issuing
the same, and to be disposed Of by said treasurer
in discharge OF his trust as hereinafter provided.
SIC. 5. Upon receipt Of any such bonds from
| any county in aid OF any railroad, the treasurer
OF this State shall Immediately register or record
the same in book, or books, to be kept by him
for that purpose in his office, which record shall
show the amount, date and number OF each bond |,
the rate Of interest which it bears, by what coun
tT issued, to construct what railroad the such
! bends are issued, and the time when payable,
which record shall be open for the inspection OF
any citizen OF this State, other interested par
ties. Such bonds shall be safely kept by said
treasurer for the benefit Of the parties interested
and be disposed nf BY him in the following man
ner, that is to say: Whenever the county COM
inissonGrs shall present an order for said bonds,
from tho chief engineer, appointed by the county
commissioners, that there has beon labor per
| formed and materials furnished in pursuance Of
the contract to the amount therein specified, it
shall then be the duty of the treasurer Uf State TO
deliver to the commissioners, or the person des-
ignated in their written order, bonds to an amount
not exceeding eighty FIVE per cent. OF the amount
Of said order. The treasurer of State shall ut
all times retain fifteen per cent nf said hnnas an
/ ti the nnal cumpletiou Of the road, and the GER
| tfcate Of the chief engineer and commissioners
ia presented certifying that fact. The treasurer
| shall endorse upon each of said bonds the date
of such delivery and to whom the same were
delivered, and shall notify the auditor Of the
| county issuing the same Of the date OF such de-
| livery. And in case any bond 80 delivered TO
| said treasurer by any county shall not, within
| three years from the time when the same was re
| ceived by him, bs demanded in compliance with
the terms Of this act, the shall bA cancelled
by said treasurer and returned to the auditor of
the county issuing the same.
SEC 8. In case any county shall avail itself
ofthe benefit OF this act by the issue Of bonds
other evidence of indebtedness, as by this act
provided such county shall each year, by its
proper authorities, after receiving the notice, as
herein provided, from the State treasury Of the
delivery Of its bonds, so long as such bonds or
| other evidences OF debt remain unpaid, levy, as .
sess and collect upon the taxabls property of
such county a sufficient sum of money to pay a II
interest upon the same shall become due. And
the full faith and credit Of any county so issu-
ing any such bonds or other evidences Of debt,
is hereby pledged for the lull payment Of both
the principal and interest thereon, and the sa me
are hsrebymade legal and valid charge upon Il Q
taxable property TIE county issuing the same.
SEC. 7 II two thirls of the votes cast at
such election shall be in favor Of constructing
said road, the county commissioners shall, with
in thirty days, proceed to advertise for not less
than thirty days nor mole than sixty days, |O
one or more newspapers Of general circulation
in said county, that proposals will be received
for the construction of said road according TO the
terms of this net; and they shall enterute contract
with the lowest responsible bidder for the whole
of said road, or with the party that will agroe
To build the greatest number of miles Of road for
the sum appropriated, upon bonds being given to
the county with security 10 be approved by said
commissioners that said road shall be constructed
| according to said contract.
SEC. 8. Whenever in the construction 81 o
railway under the provisions Of this act AS here
in prov ided, il shall be necessary To appropriate
land for the foundation Of the abuments or piers
Of any bridge across any stream within this
state, or for any other purpose, or to appropriate
any rights or franchises, proceedings shall be
commenced by said county commissioners and
conducted in accordance with the act entitled
can act to provide for the compensation to the
owners of private property appropriated for the
use of corporations" passed April 5th, 1872,
and the acts supplementary thereto, except thai
the verdict Of the jury and the judgment vt the
court shall be so varisd as N suit the case.
SIC. 9. The county commissioners shall
have the right to receive donations in lands or
money, bonds and other personal property and
dispose Of the same in aid of said road, and ~
acquire, hold and possess all the necessary real
and persuust property aud franchises in this
| state.
SEQ: 10. Said county commissioners shall
lease said road, constructed under the pruvis-
ions OF this act, before or after its completion,
fora term Of years with the full power to use
aud operate the same, to such person or com. i.
pany as will furnish security approved by said
commissioners; lor to sell the same fvr such
compensation aud upon such terms as NAV be
| agreed upon by said commissioners and Lessee