The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-04-27

State; and upon the recording OF which
certificate, the person or persons Aforesaid
shall become body polite and corporate,
by the name assumed a. aforesaid, Tor and
during the time fixed in the certificate,
which shall not be mare than twenty years,
and BY such nam kall have power to
mske contracts. to grantgAnd receive, to
sue and be sued, to plead ID be implead-
@ed in oil courts and places wherein legal
" judicial proceedings may DO had; TO
have and to use = common seal and 10 al
ter the Same at pleasure; TO have, hold,
use and enjoy property, real, personal and
mixed, with the rents, issues and profits
thereof, % DinaiteY provided, and to
exercise az 0sksr powers conferred by
this act and all grants or conveyAnces OF
real estate shall be under the seal OF the
corporation, signed By the president and
countersigned by the cashier.
- 9. A copy .of the certificate required
R9he eighth section Of this act, duly GER
tilted BY the Recorder sfthe county and
4 ptary OF State, or BY either OF those
80, may be used as evidence in all
- and places, BY any such corpora
E u0n, Or any person when such evidence
may be necessary on any civil or criminal
trail.
10. Such corpor atoms shall have pow
cr to carry on the business Of banking BY
discounting bills, notes and other evidence
Of dsbkhy receiving deposits. by buying
and q Sngold and silver bullion. foreign
coine ils q exchange, BY loaning
moneyr so1 esc0rity. and by sxer-
So del incidental powers ~ may be
ssaUfto carry on such business, may
of their number ~ President,
INT Caahier and such other off,
CeFetHd agents 40 their business may re-
quire; but no loans shall be made, nor
shall an. bin, note or other evidence Of
tebeE lc0 spr purchased having
mooA th1n ~ H0nths to run before ma
turfsy3 eA III all cases, personal security
shall e6u8ed.
|sgssaaA IL. III. shares Of such corporations
ahkxbs ed &nrsonal property, and
e~~ N4soG - ~ on the books OF the
c0tftFoo onty md In such manner rs
sssmay m 6sided in the by-laws OF sue
and every person becoming
tseolME BY such transfer, shall, in
pret14 ~ ~ oh ares, succeed to oil ti4e
ElrAts Cf ~ ak1e -holder or Shareholders
Yyh0m Ne ttGnsfer was made; no change
~ b made = tn. articles Of associa-
Il lons % the Shat1S hoIders or members
skero6 h by which the creditors NAV be i'm
pairSdf A corporation shall not be dis.
q solYo Isth or inca njtv Of any az
;astb& NkstS shotders therein, when there i
. nore thSlI ono share der In such associ..
$50 Taxes ahall be levied on and uaid
" evaporation. and not upon ina indi.
j Itda43 Stoekhofdere the value of the pro.-
!. AlxS ~ Be ascsrtained annually bv the
e ~ II Commissioners herein provided for:
xSnd the 1ate OF taxation shall be the came
y ~ afrsouired to be levied on other tar.
n A.
re 49, 5ARMuch cor
\ 49, III nOtcS " tneM I'D and
4 u IN esfcdIa hall BE- sign64by the
n 1snt ana kser thereof and all
suits. actions and rsS9oedings, brought or
IN prosecuted BY, Of IN h1f OF such corpo-
d sation, may be bret1fksOf prosecuted in the
zane Of the corporations; and no such suit,
asalep Or proceeding shall abate by res
\ q! - esath, resignation or removal 1
nee OF any President, but may CONT
same az it such death, resignation
1 removal tt Office had not taken pa
Is. As3 arson or persons havin
rs 49, 10y such corporation, may
nauas 1. ~ actions against sach
] Which suits or actions shall
- On OF the death, resigna-
lrem office OF any Prssi-
dent pr. but may be contin-
No. @ PtSeScuted to judgmsek against
tie corporation; and oil iudgAen16 a.
decrsss obtained against such corporG1
for any debt or liability OF such corpof1S
ton. shall be enforced against the proper
~ Of the same except such DEGREES ~ ~
- obtainsA against share-holders Is hsu6.
IN egoyi1ed.
9 ri. ~ Auditor suall Give 10 .nv COR
pofation = transferring stocks .ins,i,unuu-
anee ~ 6sprovisions OF this act. 11ii ~
bends thereeN and apply to their own r. Y
but such power may be revoked upo1
Evaporation failing to redeem ~ ei1lSS
ting notes 90 issued, or whane6
81 opinion Of the Auditor the pfincipa
e6pck shall become insuifie1g3 Su1 =
en1 whenever any such cQernonfipn sshSI
~ into liquidation, OF in - nss
proceed TO close up ito afiaies. G. -
hall, upon application 81 - ppn6r Of
lpsrs a sssh stock, se.d - the
u any part thereof % - ~ ke91s
zors upon receiving and - oIinQ
Nal amount OF such circulstins. notes
eiivered to him BY such corporation n
q - manner that the cireolstins no.ss out
- -. L. ~