New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-06-08

least three successive weeks, and to de-
post a notice thereof in the postofice ad-
dressed to each stockholder at his usual
place of residence, at least three weeks
previous to the day fixed upon for holding
such meeting. specifying the object of the
meeting and the time and place when and
where such meeting shall be held; and a
vote of at least two-thirds of all the shares
of stock shall be necessary TO an increase
or diminution of the amount Of its capital
stock, or the extension or change OF Its
business as aforesaid. or to enable COM
pany to avail itself of the provisions OF this
act.
If, at any time and place specified in the
notice provided for in the preceding sec
ton, stockholders shall appear by proxy
or in person, representing not less than
two-thirds Of all the shares of stock OF the
corporation, they shall organize and pro-
coed to a vote of those present in person
or by proxy; and if, on canvassing the
votes, it shall appear that sufficient num-
Der of votes are in favor of increasing or
diminishing the amount OF capital, or ex-
tending or changing its business as afore-
said, or for availing itself OF the privileges
and provisions of this act, a certificate Of
the proceedings, showing a compliance
with the provisions of this act, the amount
of capital actually paid in, the business to
which it is extended or changed, the whole
amount of debts and liabilities of the COM
pany, and the amount to which the capt.
tai stock shall be increased or diminished,
shall be made out, signed, and verified by
the affidavit of the chairman, and be coun-
tersigned by the secretary; and such GER
tifcate shall be acknowledged by the
chairman, and filed as required by the
first section of this act and when so filed
the capital stock Of such corporation shall
be increased or diminished to the amount
specified in such certificate, and the busi-
ness extended or changed as aforesaid; and
tie company shall be entitled to the privi
leges and provisions, and be subject to the
liabilities Of this act.
If the Indebtedness of any company
organized under this act shall at any time
exceed the amount of it's capital stock,
the trustees of such company asserting
thereto shall be personally and iudividu-
ally liable for such excess to the creditors
of the company.
No stakeholder shall be personally liable
for the payment of any debt contracted
by any company formed under this act
which is not paid within one year from the
time the debt becomes due, unless a suit
for the collection of such debt shall be
brought against such company within one
year after the debt became due; and no
suit shall be brought against any stock
holder who shall cease to be stakeholder
in any such company, for any debt con-
tracted by said company, unless the same
shall be commenced within two years from
the time he shall have ceased to be
nor until an execution against
the company shall have been returned I'M
satisfied in whole or in part.
1t shall be the duty of the trustee of
every corporation formed under this act
to cause book to be kept by the treasurer
or secretary thereof, containing the names
of all persons, alphabetically arranged,
who are or shall within six years have
been stockholders of such company, and
showing their place of residence. the num-
Der of shares of stock held by them re-
spectively the time when they. became
owners of such shares, and the amount Of
sto& actually paid in; which book shall.
during the usual business hours OF the
day on every business day, be open for
inspection OF stockholders and credl-
tors Of the company, and their per-
sonal representatives, at the Office
or principal place Of business of such
comp any in the District of Columbia where
its business operations shall be located,
and any and every such stakeholder, credi-
itor, or representative shall have right to
make extracts from such books, and no
transfer of stock shall be valid for any pur-
poses whatsoever, except to render the
person to whom it shall be transferred
liable for the debts Of the company, ac-
cording to the provisions Of this act, until
it shall have been entered therein, as re-
quired by this section, by an entry show
ing to and from whom transferred. Such
book shall be presumptive evidence OF the
facts therein stated in favor of the plain
tiff in any suit or proceeding against such
company, or against any one or more
Every officer or agent of
such company, who shall neglect to make
any proper entry in such book, or shall re-
fuse or neglect to exhibit the same, or to
allow the same to be inspected and ex-
tracts to be taken therefrom, as hereinbe-
fore provided, shall be deemed guilty of
and the company shall pay
to the party injured penalty of fifty dol
lars for any such neglect or refusal, and
all damages resulting therefrom and
every company that shall neglect to keep
such book open for inspection as aforesaid
shall forfeit to the United States the sum
of fifty dollars for every day il shall so ne
glect, to be sued for and recovered, in the
name of the people, in the Supreme Court
of the District of Columbia, and when so
the amount shall be paid into
the treasury of said District of Columbia,
for the use thereof
CEMETERIES INCORPORATION.
Sec 5. And be it further enacted, That
where five or more persons shall associate
themselves together for the purpose Of
forming cemetery association in the Dis
trict of Columbia, such persons shall have
the power to adopt corporate name, and
by that name shall be known as body
and by that name shall have
perpetual succession and be invested with
all powers, rights, privileges, liabilities,
and immunities incident to corporations.
Said persons, SO associated, shall have
power to acquire by gift, grant or pur-
chase, any lot or lots of land not exceed
ing fifty acres, and lay out the same for
burial place for the dead, with convenient
aisles, and to sell the same for such pur-
pose and no other purposes, reserving a
sufficient portion thereof for the burial of
the stranger and INDECENT. Said persons,
30 associated. may have common seal, and
may alter or change the same at their
pleasure. Said association shall have
power to inclose and ornament said burial
ground, to build and erect hearse house
and keep the same in proper repair; to