The Placer herald., 1857-06-13
An Act.

Supplementary to can Act entitled an act to
provide for the formation of Corporations for
certain purposes, passed April 18th, 1858.
The People Of the state Of CaHf0rnia. repre-
sented IN Senate ond .HsSembiy. do enact as
f0iiOhcS:
SECTION |. 1t shall be the duty of the Trus
tees of every company incorporated under this
Act, for the purpose of dtching, mining or con-
veying water Tor mining purposes. to cause
book to be kept, containing the names of all
persons. alphabetically arranged who are or
shall become stockholders of the corporation, and
showing the number and designation of shares
stock held by them respectively and the time
when they respectively became the owners Of
such shares: also book or such books in
which shall be entered at length in plain
and simple manner all bylaws, orders and res
olutions of the Company and Board of Trustees.
and the manner and time of their adoption:
which books during the business hours of the
day, Sunday and fourth of of July excepted,
shall be open for the inspection of stockholders
and the creditors of the Company, each individ-
ual stockholder and their duly authorised agents
and attorneys, at the office principal place
of business of the Company; pr0pided that the
office and books of every such Company shall
be open as aforesaid in this county in which
their principal business is transacted and every
stockhodcr or creditor as aforesaid, or their
agents or attorneys, shall have right to make
extracts from such books. or upon payment of
ceive from the clerk. or other officer having
charge of such books, certified copy of any
entry made therein; such books or certified copy
of any entry shall be presumptve evidence of
the facts therein stated, in any action or proceed
ing against the Company, or any one or more
stockholders.
SEC. 2. If the clerk or other officer having
charge of such books shall make any false en-
try or neglect to make any proper entry there
in or shall neglect to exhibit the same, or al
low the same to be inspected, or extracts to be
taken thererom, or to give certified copy of
any entry therein as provided in the preceding
section, he shall be deemed guilty of msde-
meanor, and shall forfeit and pay to the party
injured q penalty of two hundred and one dol
lars, and all damages resulting there from to be
recovered in any Court of competent jursdc-
ton in this State; and for neglect to keep such
books for inspection, and at the place provided
for in the last section, the corporation shall for
fiet to the people of the State Of California the
sum of two hundred and dollars for every
day they shall neglect, to be sued for and
recovered before any court of competent juris-
diction in the county in which the principal
business of such Company is transacted; and it
shall be the duty of the District Attorney with
in and for such county to prosecute such action
in the name Of and for the benefit of the people
of the State of California And it IS further
provided, that in any such incorporated
Company shall refuse or neglect for the space
of one full year, after the passage of this Act,
to comply with the provisions of this and the
proceeding section then. upon the showing of
such facts by petition of any person aggrieved
thereby, and due proof thereof before the Coun-
ty Judge of the county in which such Com
pany's principal business is transacted, after
such Company shall have been duly notified
thereof by summons, to be issued by said Judge
citing such Company to appear before such Judge
at time and place therein mentioned, which
shall not be less then ten nor more than thirty
days from the date of such summons. such Com
pany shall by said Judge be declared and de-
creed to be dsincorporated so far as to deprive
said Company of all the privileges of this Act,
but in no manner to effect the remedy of all
persons against such Company, to be exercised
as this Act provides; provided, that nothing
contained in the provisions Of this section con-
cerning the disnoorporating of such companies
shall be so construed as to prevent the enforce
ment of the other remedies in this section mem
toned at any time after the passage of this Act,
except as herein provided.
Approved March 9th, 1851