The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-04-14

mporaa. change the presen, esgsnuson or compel
ss sSos Seds u duly
q
q As
ASr sain ee
70 the act Of Congress or 10 The articles Of asso
meeting 4 for The latter should be omitted 70 be
The bylaws say provide for other general meet
thirty days notice Of the tms place sau and OBJ
s snsa e sssa II two pc
stand pretended that the for reason Q.
Be successfully they have been adopted by The
sos Of ana az the Of IKE
all by laws that may be required 70 regulate the business
meetings the stockholders they follow the
form Of by laws which has been prepared BY the Comptroller
Of such regulations
about legal aud effective assembly meeting the stock
ferns to the general considerations applicable to the sub
Who deaatvey decide this question so As TO leave the
matter free from doubt Who can say what kind Of
been deemed essential 10 some casesf through
Ts &C. %
provides that thirty days notice shall be gvensof meeting
h nd %
required considered reasonable and proper
II reasonable aud proper for such meeting would any
meeting Il would wSyf and nd hos %aeh
orae to give eee, snd Validity TO
the meeting which i should annouces !
oreudced mind the great imprndenoe OF departing from
@ ID % 5e 'n s DO
aud that there other safe TO getting
notice of meeting through the spapers would
we think be impradent and unsafe 10 legal point Of view
complished in calling the stock holders together were
effect radical the structure Of the bank al
ns and @
ferences OF opnon departure rom the course which we
o. ,nddsSsSss ordinary pssaSiion. hardly % Be s1
esa men on shan be held
and a majority shall deiermine to wind up the In
ne uns as he *
e s
socaons created under it, the only winding up which
a m
o re q ,a wee sssa q S
assoc alton ss to ne q IN,
nave succession BY the name designated in is ar.
"a. ps'a s
o. qah II. the . o
1883 unless sooner dissolved BY the act q the
ass sss saef
ion ana N relation 70 which we have not come TO cancu
oaT as q the pss hs sas % s
70 sa
pose, ana whether ii is within the meaning AMI
permitted acquire rights and privileges which il sc
ian Un the oa
reference TO the national debt is to the least
we noa Ra
have rher than
giving to the act OF the majority the same efficacy an
body of the stockholders QUA i6cstion
he # Se sase g
act Of ali OF them nothing more.
&c ~
part ae ns h SO a . 9s
that in judgment two things must At all events
sns the
the second place the must accept such
Chancellor Kent in his Commentaries rvoL 3 p 3iD.
lion aggregate may sarrende ana n that way dissolve l.
aase ne Treatise on copSfa
Dc S nearly a a' sss s
parties TO The charter compact the assent Ct both
deciding question raised upon this point, New
YORK Marble Iron VS. smith reported Re-
Of directors, stockholders members
q This State there only modes y which Inc
% OF can Se eheced ~ ae % %
Seas which he liz cSsass
Jog could not be esor,ed to in this case for The
% q
formal surrender OF ITS corporate rights and privileges
aud the first the dissolution
peted until the OF the petition has been granted by
the court in the second until the surrender has been
accepted by the government"
10 the effect is decision made by Chancellor
Waworth the case OF Ward Sea Insurance Company
reported IN Pages Reports sss He says;-.Neaaer
he Assem-, Of the stockholders sushorlzed 10
niue their corporate business and wind up the
the corporation to distribute the capital
the Stockholders unless by the authority of special
OF the legislature under the decree OF this Court dis
diving such corporation in the manner prescribed by law
and he proceeds every corporation is or at least
legal contemplation supposed to be- created account
the which the public large, particular
ecton class Of the community will derive from the ex
cse of its wen a. Tor the individual
'eneht Of the stockholders OF the company" -
In this Of the sub ect, cannot TOO sreDuousy
upon concerned the duty and proprety Of
citing with deiberatpn and crcumspecou In whatever
they determine TO do nothing hastily
unaivisedly bear in mind that legal action only can
elect whatever and that other kind OF action
necessarily be disreearded by those upon whom the
iuty responsibility II She bank has been
ievo.ved. EVARIS SOUiHhAfD CHOATE.
A LPINE GOLD COMPANY
"A Capita 81 10000
The property OF this company situated 10 Gpn county