Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1864-05-04
Published April %, 1s64
CHAPTER 361.

=
| from and after its passage
| Approved April 2 1881. RECOPY.
Published April 3D. 1s64.l
CHAPTER 361.
AN ACT to authorize the borrowing Of money to
repei invasion, suppress instruction, an defend
the state in time of
The people of the state of Wisconsin, represented
in senate and assembly, do enact as follows:
Section / The governor, secretary of state and
state treasurer, or majority of them. are hereby
authorized and directed, in the and behalf of
the people of this state for the purpose of organic
ing and bringing into and sustaining in active
vice, the volunteer militia, repel invasion, sup
press insurrection, defend the stat in time o.
war to negotiate and contract for a lean or LOAF
for such sum or sums Of money az they m y deem
necessary Tor the purposes indicated by this act,
not exceeding in the aggregate the sum OF three
hundred thousand dollars. They shall issue for
the same, certificates of indebtedness, bearing in
teres' at rate not exceeding seven per cent. per
urer on or before SIX NOR tbs from the date OF said
certificates: ocided. that certificates of indebt
edness authorized by this act shall be sold at less
than par The proceeds OF said loan snail De pad
into aud constitute part of the war fund.
Sec. 2. Ii shall be the duty of the secretary of
state to levy such per ceptage of taxation the
ta1&ble property OF this state, in the year 1864,
shall be sufficient to pay the principal and accru
ing interest all certificates Of Indebtedness is
sued under authority of this act
Sec. 3. There is hereby appropriated out of any
money in the state treasuy y, sufficient
the principal and interest of said certificates
Indebtedness whenever the same may become due
and payabe and if there shall not be sufficient
srecial tax levied for that purpose, to pay said
principal and interest, the state treasurer shah
pay the same from any money in the treasury
otherwise appropriated
Sec 4. The faith of the state is hereby pledged
for the payment OF principal and interest," OF all
tiheates of indebtedness which may be issued under
the provisions of this act.
See 5. This act shall take effect and be in force
from and after its passage.
Approved April 2, 1864. Rg-COPY.
Published April %, 1s64.l
CHAPTER 362.
AN ACT in relation to suits anu proceedings by
and against joint stock companies
The people of the of Wisconsin, repr+ seutsd
IN senate and assembly, do enact as follows:
Section /. ANY joins stock company or associa-
ton doing business in this state consisting
or more shareholders or associates, may and
shall be sued in the name Of the president of such
joint stock company association, for the time be-
ing scd ali suits aud proceedings so prosecuted by
against such joint stoc@ company or ass ociation
and the service of all process papers in such
suits aud proceedings the president for the time
being, of such company or association, shall have
the same force aud effect, regards the Joint
rights, property and Effects of such joint stock
company or association, as if such suits and pro-
eeedings were prosecuted in the names of all the
char eholders or associates, in the manner pro-
yiied by law.
See ?. Afrer judgment shall be recoyeIe d against
any such joint stock company association, as
above provided, aud executio thereon shall be re-
turned uusasfed in whole or in part suits NAV be
brought against any all OF the sharehold ers or
associates, Individually, as low provided by law.
but no more tsaD on . shit shall he Lronght and
maintained against such shareholders or associates
at any one tme nor until the same shall have been
determi ned, aud execution issued and returned
unsatsued IN whole or IN part. The death. removal,
resignation OF officers or suareh olders, sale
transfer of stock, shall not work dissolution of
any such joint stock company or association as
against the parties suing or being sued, herein
provided, as against any creditor person having
any demsuI against such joint stock company
asso citation ar the time Of such death. removal,
resignation. sale or transfer.
See g. No proceeding so commenced.
shall abate by reason of the death, removal
resign alton of such president OF such joint stock
company or association, or the death legal in
capacity u my shareholder associate, during
the tendency OF such suit or proce edIug but the
same may be continued by or against the successor
OF such president.
Sec. The president of any such joint stock
company or ASSOCIATION shall not be individually
liable. by reason of any suit proceeding prose-
cuted as above provided by against hmm as TIT
nominal plaintiff or defendant therein: DrOrided,
tina. such president shall not be eXeE ri e. from
any liability to which he may be otherwise legally
subject, as q stockholder shareholder IN 81 ch
Joint stock company or association.
See. ,. Nothing herein con tanned shall be con
strUed 70 confer upon any joint stock company or
association mentioned N the first section Of this
act, aay of the rights privileges of corporations
except as herein specif ally provided.
sec. D. Ia any suit or proceeding against any
such joint stock company or association, as above
provided, If such prssiden cannot be found within
this state, then all process and papers in such suit
proceeding may To- served upon such joint stock
company or association, by delivering the same to
any authorized agent OF such joint stock company
force and effect as if served upon such presi-
dent personally.
Sec. Z. This shall take effect and be in force
from aud after its passage and publication.
Approved April ,, 1864 E8- COPY.
Published April %, 1S84.7