Port Tobacco times, and Charles County advertiser. (Port Tobacco, Md.) 1845-1898, 1868-07-30

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fifty, the directors or managers Of the affairs
Of such corporation, at the tip,epof its dissolu-
ton, by whatever name they may be known
inlay lstialf b. Gle trustees Of ahe scfdlfs
and stockholders Of the corporation dissolved
cad shall have full power to settle, the affairs
ofthe Corporation And to pay it's bebts, aud
ghaR divide ,ampps The steGkheldsgs the m9,
s sss s nc psg 81 ss @ IN f ss%a,
expenses, and the Said trustees shall be joint
" and seyerally responsible to the creditors
and stock holders Of such corporation, to. the
ex.eaEsof Ats property and effects, that Shall
come into their hands. .s9zea -
Sec. 1874. And belt enacted That the dis
solution Of a corporation by the decree of a
competent court, shall not abate' any suit OF
proceeding IN favor of such corporation which
shall have been pending at the time of such
dissolution but all such suits OF proceedings
nay be c6utiuued by the receivers who shall
have beansappointedfe fer such CORPORATE on,sol
by the trustees. on whom the estate and effects
of such corporation shall have devolved, in
the name of such corporation, or in the names
of such receivers or trustees, who may IN the
discretion and under the direction Of the court
10 which the suit shall be pending, be substi-
tuted assplaintifs, subject TO such order as the
court may deem expedient in relation to the
payment or security Of costs.
Sec! 1875. And be it enacted, That whenever
q receiver of the property or effects Of a cor
poratiop shalt be appealed before the dlss 9,
luton er.afterwards, new suits may be brought
and carried on by such RECEIVERS, either 10
their own names and capacities as such re-
ceivers, or;in the name of the corporation Tor
which they Shall have been appnnted;;T but
no new suit shall be brought in the pane OF
a corporation after it shall have been dissoiv-
ed. or after the expiration Of its charter. '''s@
Sec.> 1885, And be it enacted, That no suit
commenced in the name of any such receiver
shall be abated by his removal Or death but
the same may be continued in the name of
his successor or of the corporation, if its char
ter has not expired or been dissolved, as may
be directed BY the court in which the. suit
shall be pending. - " ~. .ss -. ~ 49, !,
Sec. 1877. And be it enacted, That the court
in which any suit or proceeding against a
corporation which shall have been dissolved
by the expiration of its charterrof otherwise,
shall be pending at the time Of such dissolu-
ton, shalt have power, on the application of
either party thereto, to make an .orderafor The
continuance.ef such suit or proceeding, and
the same may thereafter be. continued until
final Judgment Or decree shah lie had therein,
which shall .shave the like effect upon the
rights of the. parties asif esuch icorporatiob
had not been dissolved.
Sec. 1885, And, be it enacted, That any ip-
tefest winch any defendant 10 a Judgment or
dscFSe rendered by a court of law or equity
has in sthe capital joint stock or debts OF
corporation, transferable on its books, shah
be liable to execution or attachment, and the
same proceeding shall be had as in other cases,
except when they are varied BY the following
Sec. 1879. And be it enacted THAT the sheriff
or other officer, upon being instructed to levy
such writ on any such stock or debt, shall de-
liver tpftisPr sidsnt or chief officer, sctsleaye
at the place Of business Of such corporation.
notice IN writing, Stating that he has seized the
stock ofsdebt of the defendant, (naming him,
and thapuxppses for which he has seized the
same, and shall retain a copy of such notice,
and return It with the writ. - a.
eSec. 200. And be il enacted, sThati upon Che
service of such notice, the sheriff may require
the president. OF any other,officer of the corpo-
ration, to certify to him in writing. the number
of shares of stock, and the amount of transfer
able debt on its books, standing in the name OF
the defendant at the time of said notice, and it
any president. or other officer SO required shall
refuse or neglect for twenty-fonr hours to de-
livsg g1ch certificate the sheriff 81 otkerofieer
shah certify The fact to the court to Which the
writ is retHpahle, ,oIe to any Judge thereof, and
the said court or judge may order an attach
ment of contempt against such president or 9TH
er officer, and paay compel himsto answer upon
oath Or oral examination as to the number OF
shares tof stock, and amounts of debts standing
on the books Of the corporation, in the name
of the defendant, atl the time ef seryice OF such
notice. and may compel the production, ct The
bSS said and also me ne ths pe
i5' vi. Il enacted, That when III
sherif6ths asoert tanned the number ofshafes OF
stock, and amount of such debt standing1n the
name Of the defendant, he shall make ssched-
ula fsuchsshares or debt, sor So much thereof
as will be amply sufficient to secure the sum OF
money he issrequired to levy and costs, and
shall giye. notice to the corporation that the
stock Or debt not included in his schedule is
released
Sec. ao2s.And be IL enacted, That ifthe levy
be made under .feri facias the sheriff shall ad-
vertse and sell the stock or debt as If the same
werA Hal Iestateli stlIS45s+ 1SsAts ess1 a
Sec. 203.s And beitenacted, That if any cor
poratiOn orr its officers, after service OF notice OF
seizure as aforesaid shall transfer or permit 70
be, transferred, any shares Of stock or any debt
standing at. the time of .service.ini the name Of
the defendant, unless the same is released, as
hereinafter provided, such corporation .sha!l
pay 10 the plaintiff in: the writ under which
such notice was given, the full market value @
the stock or debt so transferred, to be recover
ed by suit. .s.fsssf
Sec 2O4 And be it enacted, That If the pro.
ceedings under such writ be ended, by counters
mand. 1avInent, or any other cause, before
SALE, theat seized -therennder small ne re
leased, andsthe sheriff shall give notice therso
in writing to the corporation. IS, =
Sec. 2O5.- And be it enacted, That II the sher
iffshal make sale ofany shares OF stock or trans
ferable debt, whether he continues in ONCE o.
not, or whether he has returned the writ undel
which the sale was made or not, he shall trans
fer the said stock or debt so sold on the book.
of the corporation to the purchaser; or II TIT
sheriff making such sale shall die or remove
from the county without making such transfer
the court to which the writ was returnabie may
appoint a person to make the ,same-
Sec. 2O6. And be it enacted,y y That it any cor
poration or any of its officers, shall refuse Is
permit any. transfer authorized to be made Dy
the preceding Section, the court to which tn,
writ by virtue of (which such stock or debt wa!
sold, was returnable, or any judge thereof n
vacation may punish by process OF lcontempt