Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1864-05-12


Sec II. Nothing contained in this act sha b,
construed as in aay manner affecting the provision
Of chapter II of the general laws of the extra ses
sion of 1861 entitled " an act to enable the mi
htia aud volunteers OF this state, when in the
military service of the United States or Of thi
state, to exercise tn right of suffrage or III,
acts amtBdatory thereof
Sec Is This act shall take effect and be in fore,
from aud after its passage and publication.
Approved April 1, 1864 NAUOPY.
Published May 2, 1864
CHAPTER Al.
AN ACT relating to elections, and amendatory OF
section twenty-three of chapter seven of the re.
Yised statutes.
The people of the state of Wisconsin, representej
in senate and assembly, do enact follows:
Section /. Section twenty three of chapter seven
of the revised statutes, entitled elections is
| hereby amended. so as to read as follows: See.
ton % Whenever in the opinion of the inspe
| of election Of any town. more than one election
poll will be necessary for the convenience of elec-
| tors at any general or special election thew ara
! hereby aut horized divide said town into two or
| more ell elton districts by their order in wri-
ting which shall be Immediately filed with the town
clerk specifying the metes and bounds of said new
district districts designating the pl see or MIA
ces where another or other polls shall be held and
the persons who sha II act inspectors of election
| said [ oil or polls. Said division shall be made at
least week prior the first day of October and
notice thereof given by posting up notices in five of
the most public places in such town, imm ediately
after such DIVISION. Said inspectors shall cause a
copy of the order creating said election dis
trct districts, to be filed with the CLERK of the
board Of supervisors in which such district is situ
ated, withinfve days after it is made.''
Sec. 2. This shall take effect and be in force
| from and after its passage and publication.
Approved April 4, 1864. ~ COPY.
Published May 3, 1861
CHAPTER 446.
AN ACT TO authorize the formation of Interpretations
for the encouraging and aiding of Wisconsin in
yentors and patenteeS.
The people of the ate of Wisconsin, rep1ese nted
in senate and assembly, do enact as follows:
Section l. Any three or more persons who NAV
desire to form company for the purpose of en-
couragng and aiding Wisconsin inventors and pa
entees, may make, sign and acknowledge before
any officer authorized TO take the acknowle dgmeut
of deeds, and file in the Office of the clerk of the
circuit court of the county in which the bus ness
of the company is to be carried on, and also in
the Office of the secretary of state, certificate in
name OF said company, the object for which it is
formed, the number its directors, and he names
of the persons chosen directors for the first
year, and the amount of a single share of its cap.
ital stock, and the name of the town and county
in which the elections and business meetings of the
said company are to and shall be held.
Sec. 2. The capitaI stock Of any such company
shall not be less than one thousand dollars, nor
more than hundred thousand dollars actu-
ally paid, and such company shall have perpetual
succession.
Sec. 3. The directors of any such company
shall at their first meeting after the filing of said
certificate in the office of the secretary of state
elect treasurer for the faithful performances of
whose duties they shall be seVeraly and collect
lively surieties to the creditors of such company
to the extent of the moneys which should be in his
hands, belonging to such company, collaterally,
however, to bond for such sum the directors of
any such company may require and with surities
by them to be approved, and for the purpose
con ditioned provided, however, that no such
election shall take place before said company has
corporate existence.
the clerk of the proper court, such clerk shall
upon proof that like certificate has been filed
with the secretary Of state, issue license to he
persons who shall have acknowledged and signed
the same setting forth that they, their future as
socates and their succssr rs shall in fact and in
name be body corporate and polite, by the name
stated in such certificate and by that name shall
have perpetual succession, and be capable of be-
ing sued in any court OF law equity in this state
and of suing in any court of law equity, and
may have a common seal, and alter the same at
pleasure, and be capable OF purchasing and hold
ing, conveying and disposng of real and personal
estate, chooses in action, and securities negoti-
able otherwise, patent rights and the impatient
ed rights of inventors, and the taking all necessary
measures OF testing the value of the same and of
securing patent right for any Improvement or in
venton, and to perform such other acts as may be
eXpedient and ecessary to enable the said compa
ny to carry their operations and business named
in said certificate, upon receipt of which, the said
company shall be body polite and corporate for
all the purposes set forth in said certificate, sub
ject, however, the further provisions of this act
Sec. 8. The board of directors named in the
said certificate shall be stockholders OF said COM
pauy, shall OF be fewer than five and shall elect
one of their number president, and shall have
power to make bylaws and perform such other acts
the business of the company may REQUIRE, not
inconsistent with the laws of this state with its
license.
Sec. 6. An annual election of directors shall
held at such time and place shall be designated
in notice of the board Of dire ctors, served per-
sonaliy on each stockholder, or the legal repre-
sentative of stock, sent to his address through
the postoice at least fifteen days before the cleo
ton, which shall be by ballot, and the name of
each stakeholder and the number Of shares repre-
scented by him or his proxy, by any ecutor, ad-
ministrator guardian curator, shall be Endorsed
upon it. Each stockholder or legal representative
of stock, shall be entitled to vote for each
share of stock held by him, and those persons, to
the number necessary to constitute such board who
shall have received the greatest number of votes
shall be directors. If from any the election
shall not be held as designated, it shall be held
upon such day as may be in like manner designated
by the board of directors
Sec. 7. Any such company may increase the
amount of its capital stock until such stock shall
have reached the maximum amount or limit pro-
Uided, h0aOeUer, that statement of any such in
shall be filed annually in the Office Of the
secretary of state.
Sec. s. When any vacancy shall occur in the
board of rectors, whether occasioned by death
resignation, neglect, refusal or inability to serTe,
otherwise it shall be fled temporarily for the
remainder of the term, by the board of directors
but majority of the board shall d OF be subsi-
tuted, and when vacancies shall have occurred re-
quiripg substitution of more than moiety of the
elected directors then a special election shall for
such purpose be held.
sec. y. Special elections may De leld Tor the
election of directors but all such elections, and
all meetings of stockholder for other purposes
called, shall be called under the provision of
ton of this act providing for the call of annual
elections.
Sec. 10 The business OF any such company
shan be confn ed to the aiding and encouraging of
Wisconsin inventors and pattentees, aud shall
brace the man ufactuTing OF articles patented,
of experimenting and testing the value of discov-
cries and improvements before the same shall have
been patented, and of holding in the name of and
fO he hon of
ing the one-half interest in any such invention,
discovery, Improvement or patent, and shall have
all the necessary powers for such purposes, and
for the dsposing of all articles manufact ured or
ed under it's authority and dire ctiCn, and
of the town, city, village, county state right
which may exist under and by virtue of any caveat
or patent any discovery, invention improve
ment in which any such company may acquire an
interest
Sec. IL No such company shall purchase or in
any other manner acquire, for a money considera-
ton, greater amount than one-tenth interest In
any such discovery, invention, improvement or pat
ent, but any such company may acquire, not exceed
ing the onehalf interestj in any such discovery, in
venton, Improvement or patent, if such company
shall propose to test the value of the same and to
procure and to a patent therefor, for the
benefit of the inventor and any such company,
to aid the introduction to of any patented
ticle, by the manufacture construction of it.
Sec. II The capital stock of every such
pPny shall be deemed personal estate, and shall be
transferable on the books of he company.
Sec. Is. When the assets and effects of any
such company shall be found to exceed by twenty
five per centum the amount of its capital stock,
upon fling with the clerk of the circuit court a
certificate. signed and sworn to by them, the board
of directors may declare dividend of any amount
ding So ch access and which divide nd shall be
paid the stockholders their legal representa-
tives by the treasurer OF any such company, in
such manner that the dividend upon each and
every share of stock shall be an equal and like
sum or amount.
Sec Il. The capital stock of any such COM
pany may be reduced, its business operations ex-