The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1872-05-03

pay all bends or interest thereon
either the bonds or interest upon
De- same shall become due. And the
he faith and credit OF any county
W. issuing any such bonds or other {
IL dences of debt, is hereby pledged
.he full payment Of both the prin
,s pal and interest thereon, and the sa
Ds are hereby made legal and va
,d charge upon the taxable property
the county issuing the same.
he SEC. Z. II two-thirds of. th
o, votes cast at such election shall be
" favor of constructing said road, t
r. county commissioners shall, with
thirty days, proceed to advertise
Of not less than thirty days nor mo
Ie than sixty days, in one or more new
n papers OF general circulation in sa
e county, that proposals will be r
a ceived for the construction of sa
II road according to the terms of th
Il act; and they shall enter into col
S tract with the lowest responsible bi,
II der for the yhale- of--1j5--~>l 4 :
;, the greatest number of miles of ros
, for the sum appropriated, upc
/ bonds being given to the county wit
, security to be approved by said con
, missioners that said road sha
: constructed according TO said cor
tract.
9 SEC. s. Whenever in the construt
ton of a railway under the provision
of this act as herein provided, it shall
be necessary to appropriate land fol
the foundation Of the abutments ol
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 commits.
sioners and conducted IN accordance
with the act entitled "an act TO pro-
vide for the compensation to the
owners of private property for the
use of corporations,' passed April
5th, 1852, and the acts supplementary
thereto, except that the verdict of
the jury and the judgment of the
court shall be so varied as to suit the
case.
SEC. 8. The county commissioners
shall have the right to receive dona-
tions in lands or money, bonds and
other personal property and dispose
OF the same in aid of said road, and
to acquire hold and possess all the
necessary real and personal property
and franchises in this state.
SEC. 10. Said county commission
ers shall have the power, and are
hereby authorized to lease said road,
constructed under the provision of
this act, before or after its compile.
tion, for term of years with the full
power to use and operate the same,
to such person or company as will
furnish security approved by said
commissioners; or to sell the same
for such compensation and upon such
terms as may be agreed upon by said
and lessee or pur-
chaser; provided, that no such con-
tract of lease or sale shall be valid |
until the same is ratified by q ma
iority OF the electors of such county !
voting at an election called for that
purpose.
SEC. ii. Said county commission
ers shall have power to take such
security from any officer, agent or
chosen, appointed or en-
ployed by them, as they shall deem
They shall not become
surety for any. such officer, agent or !
or be interested directly |
or indirectly in any contract covering
said railway. They shall be response
BILE only for their own acts.
SEC. l.. The provisions of this
act are hereby so extended as to au-
thorize cities, Incorporated villages
and townships to vote for the con-
of a railroad, and to bor-
row q fund therefor, to the extent |
and in the manner and subject to the |
and provisions of this act |
N relation to counties, and it shall
be the duty of the trustees of any
township; or incorporated villages,
and the mayor of any city, or ircor-
ported village to call meeting of the
ectors of such township, villages or
,ity as provided in section two ofthis
,ct for counties. The bonds contem-
plated in this act, if issued by city,
or incorporated village shall be ex-
.cuted by the mayor and clerk or
.e order thereof as the case may be;
md if issued by township they shall
De executed by the trustees and clerk
hereof; and if any city, [incorpo-
.a:ed villageI or township issuing
iuch bonds shall have seal, the same
hall be impressed upon each of said
ponds as provided for counties in
lection three of this act. The bonds,
Ifter execution, shall be placed in the
lands of the state treasurer as in the
,ase of county bonds and subject to
he same provisions, except as hero
natter stated, whereupon the trustees
II such. township or the mayor of
iuch city or village with the advice
md concurrence of the council of
,uch city, or village shall proceed to
contract for the road in question with
he same powers and governed by the
,ame provisions as in the case Of
county commissioners under this act.
The state treasurer shall deliver the
bonds of such city, incorporate vii
age or township in accordance with
.he provisions of section five of this
act, and upon no other conditions,
that in case of cities or
villages one terminus of said road
shall be located beyond the limits OF
said corporation, if so determined by
q majority of the voters of the elect
ors of said city or incorporated VIII
Iage1; and provided that the aggre-
gate OF the indebtedness of any city,
village or township in.
CURED for railroad purposes under
his act shall not exceed five per cent.
,f the taxable value of the same,
any appropriation which
he county in which said city, incor-
oorated village or township is stu.
tied shall make. Providing for the
,ale of railroad stock now owned by
counties, and the investing OF the
,ame under the provisions OF this act.
Sec. 13. In case any city or in
village or township issu-
ng bonds as heretofore provided In
his act shall fsil to pay the bonds
,r the interest coupons, or to deposit
With the treasurer of the county in
which such township [or in corpora
ed villsgel or city is situated, a suf-
icient sum of money to pay the bonds
DR. coupons which it may have issued
IS Aforesaid, which may be then due
IS by the terms of said bonds or cou-
pons, the county treasurer of such
county shall certify the same to the
clerk of the board of commissioners |
Of said county, stating the amount so |
due and unpaid by such township or
city Tor Incorporated village, where
upon the board of commissioners of
said county shall cause the same to
be assessed, levied and collected from
such township or city or incorpora-
ted village, with other county or
incorporated village] or city taxes,
and in like manner adding to the
amount thereof interest at the rate
specified in said bond for one year,
.rd ,ba sama ahaIl he maid 70 tho