The daily Minnesota pioneer. [volume] (St. Paul, Minn.) 1854-1855, 1855-04-04
ring banking powers on said cor,ora

srued as comforting banking powers on said corpora
ton.
SEC. 4. The stock Of eaid corporation shall he
deemed rer'oncl )pgopessss AID may be transferred
the IyslaMs shalLpresefite; and said corporation
shall II al times have lien upon all tha stock OF
pr perry Of its members invested therein, Tor all debts
due Gom shrm to said corporation.
Sxc- eS The properly and affairs of said corpora
toii shalfbe managed and conducted -by a Board OF
npr IN re than seven, who shall lie elected annually,
and who shalt I've Stockholders in said corpo,a alton
and Who shall be elected as Aforesaid by tie stock.
holders. at fuch time aud laceIas sha he directed
by the ny laws OF said corporation, each share OF
stock being entitled to vote, which vote or votes
may be cas by the holder of such! share Vr Shares OF
iy proxy. duly authorized ,heeto. aud such elec-
tons shall Ike by ballot, and the persons having "a ma
jory OF all the VOTES rast, shall lie directors iof The
ensuing year, and until their duly elec.
ted and qualified; and when any vacancy may hap
zen, shall Ike filed Tor The remainder of the year in
such manner as provided tor by the by.laws If said
corporation. Said directors shall have the power to
decide the time, manner and proportions in " hich
the Stockholders shall pay the money Tor an equva-
lent therefo) their respective shares and to make
such rules respecting the forfeiture of stock and
shares as they may deem advisable. Provided, thai
10 stock or share OF a stakeholder in said company
shall lie forfeited without previous notice TO the said
stakeholder by publication some weekly newspa-
per in this Territory for three successive weeks.
SEC. 6. The time and manner of the election OF
directors shall be provided for in the by laws of said
corporations. 10 -
SEC. Z. This Act shall take effect and lie in force
from and after its passage.
SEC. 8. That the County Of Carver lie and the
same Is hereby otc'ared 10 be organized County,
with all and singular the rights, privileges and immu.
mites TO which all organized counties are entitled
and the County Scat thereof is hereby established
and located at San Francisco in said County, Tina,
at the next general election it shall he competent or
the legal voters Of said county elect all officers to
which said county may be entitled, who shall qualify
and enter upon their respective duties required by
law, and until said officers elected and qualified
said County is attached to the County Of Hennepir
Tor Judicial purposes. That there shall he held in
said County Of Carver at least one term of the Dis
Tict Count at such time as the District Judge may
designate, until otherwise fixed BY law.
ESEC. 9. This act is hereby declared TO be Pub.
lie act, and thall be construed favoraby to said cor
poraton in all courts.
Sec. 10. The Legislature may alter or amend this
act at any time.
Us. NORRIS, Speaker Of H. Off,
WM. p. MURRAY, Pres't Council.
Approved March Sd, 1855.
w. A. GORMAN.
hereby certify the foregoing to be a,cre copy OF
the or ginal Bill on file in this office.
J. TRAVIS ROSSER,
Secretary Of Minnesota Territory.