The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-09-23
AN ACT
To Regulate Corporations for Manufacturing,
Mining. Agricultural, Mechanical and Chen.

sssno~sSs, before some cher sa,Serissd % axe The
AeknewisdenenI Of deeds, . Ger ihcsss ~ writing,
aOs sSa de osjes,. i which ne eor,ors;os :Ss be
formed the q ne capital sock q ssch sorpoa
is 1 years. 3. NUMBER q ss.rs. q sl sad .osf
shall soasis he aanSsr y difeesrs and hs,r nsu..
he rsi year and he names q ,hs ievn and county IN
vhich The operations oi The sad corpnaon are 10 be car
"a s.s Such csrse..s shah be recorded IN the oee
q The Register q Deed. q NE eosa,y N which nc SSs
thereof shall BE- Sled In The once Of the SECRETARY Of
Nee s when such certificate shall have been record.
ed aforesaid the persaas who SHAH have signed and
"a h sraea ~ ~ nsns s.a ~ sses
cerakeAs, and BY that nsms mar have succession and
sss. % ssa anS may ss
asa hey .ss y s s. o. ps
" eorporaoa tossrry "a the business named in the
ss plosasS sl s. sn as q re-. y
$3.50 and held shall MOI Al any time exceed forty acres
see 4 Ths stock properly and conc srns Of such cor
poraton shall be managed ~ 90, less asa ihfc. nor
holdsrs IN sue ecrporAnon. who shA eieept the
FIRST year be annually elected BY the soekhodsrs. ~
such time and place, as shall be directed ny The byaws
see s. Public noiee Of The time and place Of holding
,Soa. Issrsio, by psSlcao he nswspspsr 10
printed Inc place where the business u The cor
Ca n. Is e. on % .uss Tst
and me election shal be made BY such OF the
shall attend for that purpose, either IN person or by
sec q. An ELECTIONS shall be by ballot, and each
eorpora,on and The persons receiving The majority q
votes shall 30 directors and when any Vacancy shall
SssgsS sa o s y ss year W
in sueh manner Is may be provided for BY The bylaws
sec !. In easel shall happen At any time, ,hs, az
electon Of diree,s snail boi6e made on he DAY hlsd
Corporation ~ hal shall not be dissolved but
snail bs lawful % any her day hold eleeiion
and III sc q The irssIors shall be ysS and snaias a
against such eorpcfauon until lber successor shall be
he provisions Of iks act .hs neglect cs feiass ios
longer time han three years % elect directors herse
be aud remain dissolved. I'll. q - 1--T
sec / The dirsstors shall have power % nNls spd
s sSss ISs and ssa 81 ~
progeny and buslnsss such corpofsaon hey may
aud sSaii lavs Stwa . .ppoint aud snplo5 snc,rs,
business sueD eorporauOn and determine heir do
uss ana sA.ris. s.a ID s.ss: q =. PAID them .
AID .dsmand rom she stockholders respectively, all
such sum. q money By them sebseriesd al such lines,
pay ne amount . airsa iSbe pad and al he ZINE
holder or snch pOrons hereof as may be fsqssd
q meet such psymen,s may % sold by II. dlreeors
BY publlcauon ~ such hcee an me Newspaper 10 The
Stale prinsA nares, The place VI basinesso such
pors.sa oss,tos such notice . such ..ssr manner
ubp aad dc tarplus, any, ARISING from the sale Of
sush .,s sy .Ls above he amount due thereon shall
I'D transfer o. stock sold. made by Inc directors The
qe "a ne holder Of the sock, shall good and wall
4 hs'hsyelei y he purchaser or Ae ,a!d corpora
vi sSsaea. .sasS sl.Ia.t sny saO.sr,esT -
\ nnt11e % his subscription, with interest thereon
~ s1ne DE same Was required v be paid aud have
ETH lp Tie sock Of said Corporation shall be deemed
perc1nal csisie and shal be transferable In such
nerA shallbe prescribed BY The bylaws OF the ourpor
afion bufso shares shall be Transferable unt previous
calls A1gson shall have been fully paid n, lGey shall
hassbe2 sold, as provided IN the preceding sec ion Tor
the onpaymept o. calls thereon and shall not be law
fa mr. tneh cot porslon 10 use any Of heir funds Ibe
purrhale Of any .tock IN any 0lber corporation.
ed unds he provisions Of Ia. chapter shall be jaBly
owing AL ,ksT CLERKS lAbOrsTs and serVaHti for ser
siexs psrformed ior such corporation.
n 6sssn Al such stockholders ,hall be Jointly and 10.
dixduuy liable Tor be payment Of all other dsbs u such
eqpp6s Jon, 10 be recovered Of the khoter Is
sneh shen The debt contracted but be shall not be
hAlie excep az mentioned Ia the preceding scunn.
e4s ~ sbAtbe cOmu y I'd against sGrh ,UU EEUlisT
tr . deot~ithln I've years IRON he tine he shall
ul3s be shall have been solkAolder al ID, TIME hsG
tnuo1 ssHtd against the c"rporstOn TOR The tGsc Of
sab febi shall nave been returned aaEaasa'd Whole
ses 10 Yoper.on bo,dng s,ock 10 such corporation
cuior, AanlnisIa!"r, guardian or trustee, aad
-person b0dtng s'oek collateral security ,ha BE- per
sonally slb.cc any Asby cGh0gder D such cor
pofsen but the person p,dgng such stnk shA he con
nusrsd As ho'd!hs Ihr sane aAa ,LA. be Aat.e a.
soekholer accordingly aud he esh'es add funds 10 The
hAncs Of saEh sIscuiHr administrator guardian or uua.
dee s1Al be liable IN IKE manner as b. lssamr or u
test1ze NOuld have been Il be mad teen Hyng or
vardN person n'ersss4 Ia 'oeh rrG Il9d would have
eesnM be hal been eempe'eni 20 se'r aud he'd ne
ksss ~ livery such executor administrator. gnas7an
msse saaI TepTr.ssl as mare q ,ioek n us GAaa.
tnEyEhs OcEho.der and every perssn Sh0 stall
ssAss same a. all such meetings, abd may vots accord
= 49, ma s,oc khs.der.
zee u Nothing bgt money shall be Considered a.
paynsnt Of the capital s'Cck d any corporation ifnsd
sDder The provisions Of his cAagasr, add q
nj sAaii De made - any such companion 70 Any sock
sss Is The legislator. may AZ any line alter srnend
SoTss S5a.d y 2. a s esss Z, sgs.i aS e
Amsndmeb' or repeal ,ha bol shall ID. dssoIunon
sgsinst sny sacb eorporst K. sr sso!d.rs y os.rs
ior Any AabuiEJ Which 1al have sssH previously 10
- zee Il. Any eorparaJ0n formed under Ibis chapter
&nAi .Letsase " stL nash "a capita! s1es Aad aSy al
fsnbsrng, Asreataral, mschsnlcsl ~ cbsmScsI oasi
tess, IN he manner hereinafter prnSied and any sTs
sEA ss!f d privileges ADD prOii.0ss ef 7,s sk~p
tsf By complying win The ollgSing provisioBs and
shall bs SUBJECT az he rssc's9ns, dsfss asa Iisbl
see Is. ws.nsrer any COMPANY .t.l desire to ayal
sset o. he proT.ons ana privilege, q his chsgisr o.
stA desire Eoiaerssss dnissh the o; 10 cap
s8fky ~ tbNeh4 90 fbahts - 9Fsln$ft HtS54hg o.
NE spckbodsFs shall ts cal ed BY Ss dfec ors whss
dsy shall be 70 publish poses q such mseaas SGD.
ed ~ mkicrty u thent In nswspAPer published n
the eo1uly, any stall be paAlssss herein. and II
baus. hen In sspepsr in he stsi- pTn'ea
ne pri9eI place VI basinsss a. east lhPes
ave veefs, An1 70 personally sAeh EaeEbaIfsT
written % printed eopy tbeftof o. asposh srk copy
ne pSsl o1cs, addressed To such keyT
place 81 fsssdeBee, least lree weeks prsytoas =.
DAT nxsd uSon for s0sd3pg sueh,nestnS sab noaes
sssl SPECIFY he eegsfi 0! snca heefnK, the And
Place when and Sare he saGe shall he bella abd
Ne srbouBi 70 skth "a proposed aiusl.
10 The tApAl s'ock. and ne basg@ss EAek he eqtI
psry ggla - eIissced CT chAneee-
sec 10 A. me tine sad place SPECIFIED 10 he r5pos
Proysssd for u ne prtcseas ssaa. he slocEk0sssTs
presesi 10 psrsoE b prozy sht ofgauSs b .bO-az
q ne dRefnrs char q De meeting -. als6 =
sIiiasss person fer s@crsATy Ant proceed and
60 easyAssinE The sha " tOaBd hat fspfe
senng a. lsAsi two fh.rs q al he 4 s.Cet u
s2cb eompahI have been given favor q persasng or
elmfElsaang ne smsGB; u eAgtzl, = tIsEdhg %
sAAzgEg IA b1stA-ss 10 sB1f Of ing reef =. ~
pfSElsous Aoc privileges q ts ehsessr AZ Ai0se.Ad
rsrlafAs a ne Hroessdsgs sssxisE comp EsEes wth
ne Prowssions u TEL osap bIso~ss sbeh
eetngEny sIasSasA % ek4agea ssd The suHust 70
rhtA saps-ai ssstk shall bensrsassd o. emshsxhsa
thaa ~ NAE 81 sgzse and reri1sd - IA al u
Ne essRIi.n nd ss1.-ary, Dc s1fh eerIAesse sha
Aeknosedkef ~ Ne tLafn Ald sscre.Ary, EBA Il
ard reeardse. a rsxnlr.1 ty iss trs sseass
g hs .ehsPsess - wten % flsd snd rseo<ass,
ne e.siA q seds spxporsros shAil b@ increased az
1hsted % Ne s29uni sp~slsse % sRch esrax 49, All
rxlu&14 ex1<x1ea an afrw....d srA