Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1850-06-24

ana Tor the common ScHool luHus oHe-Hili
Of one mill on the dollar of the valuation
Of property on the grand list.
BENJAMIN F. LETTER.
Speaker of the House of Representatives.
CHARLES C. CONVERS,
Speaker of the Senate.
March %, 1850.
AN ACT
In relation to Judicial proceedings in favor of and
against dissolved corporations
SEC. l. Be it enacted by the General
Assembly Of The Stale Of Ohio, That any
banking or other corporation may at any
time after its dissolution, whether such dis
solution occur by the expiration of its char
ter or otherwise, prosecute any suit at law
or in equity in and by the corporate name
of such dissolved corporation for the use of
the party entitled 10 receive the proceeds Of
any such suit, upon any and all causes oil
action accrued or which but for such disso-
luton would have accrued in favor Of such
corporation, in the same manner and with
the like effect as if such corporation were
not dissolved.
Seq 2. Any such dissolved corporation
may be sued at law or in equity in and by
its corporate name, for or upon any cause
of action accrued, or which but for such
dissolution would have accrued against such
corporation, in the same manner and with
the like effect as if such corporation were
not dissolved, and all process by which any
suit either at law or in equity may be instl-
tuted against any such dissolved corpora
ton, may be served by the sheriff or other
proper officer, by delivering to any one of
the assignees, trustees, receivers or persons
having charge of the assets of such dissol-
we'd corporation, copy thereof, or by
leaving such copy at the residence Of any
such assignee, trustee, receiver or person
having charge Of such assets.
SEC. Judgments and DEGREES in favor
of or against any such dissolved corpora
ton, whether such judgments and DEGREES
were rendered before or after such dissolu-
ton, and which have heretofore, or may at
any time hereafter become dormant, may
be revived in favor of or against such dis
solved corporation as the case may be, in
and by the corporate name of such dissol-
we'd corporation, in the same manner and
with the like effect as if such corporation
were not dissolved, and in all cases Of such
judgments or DEGREES against any such
corporation, the writ of scire facias or 9TH
er proper process shall be served in the
manner prescribed in the second section OF
this act for the service of process in suits
against dissolved corporations.
Sec. 4. Wris of error upon judgments
at law may be sued out, and bills of review
in chancery may be exhibited in favor OF
or against any such dissolved corporation,
and by its corporate name. in the same
manner and with the like effect as if such
corporation were not dissolved, and process
thereon against any such dissolved corpo-
ration shall be served in the manner pre-
scribed in the second section of this act.
Sec. 5. That the provisions Of the four
teenth section of the act instituting pro-
ceedings against corporations not possess
sing banking powers, and to provide for
the regulation Of corporations generally,
passed March 7, 1912, in relation TO the
appointment of trustees of a dissolved cor
poration, and its effects shall be taken and
construed as extending only to those cases
of dissolved corporations wherein no trus-
tee or trustees, assignee or assignees there
of have been appointed by the stockholders,
directors or managers thereof, and shall
not extend to cases Of dissolved corporations
in which the corporation before its dissolu-
tion, or the stockholders, directors or man.
ayers thereof have appointed. or may here
after appoint trustee or trustees, assignee
or assignees thereof
Sec. 6. Nothing in this &C, contained
shall al any time be construed as extend
ing or reviving the charter Of any banking
or other corporation, dissolved either by
ef1uxion of time or Otherwise for any 9TH
er purpose than that Of judicial proceedings
in favor Of or against the same.
SEC. 7. The fourth and fifth sections OF
the act TO amend the act entitled an act 10
institute proceedings against corporations
not possessing banking powers. and the
visitorial powers of courts, and regulating
corporations generally, passed February
81, l649, are hereby repealed.
BENJAMIN F. LETTER,
Speaker of the House of Representatives.
CHARLES G.. CONVERS,
..-e Speaker of the Senate.
March 81, 1850.
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