The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1870-11-03

= II
the purposes Of the corporation, and may
also extend its business to other mauufoct-
uring, mining, or mechanical business,
subject to the provisions aud liabilities Of
this act. But before any corporation shall
be entitled Godiminish the amount Of its
4 capital stock, if the amount gifts debts
and Liabilities shall exceed tho amount Of
capital to which is proposed TO be 70.
duced, such amount Of debts and liabilities
shall be satisfied and reduced SO as not to
exceed such diminished amount Of capital;
and any existing company heretofore
formed may come under and avail itself Of
tue privileges mud provisions Of this net By
complying with tue following provisions.
and thorcupop such company, its officers
and stockholders, shall DO subject to nll
the restrictions, duties, aud liabilities Of
this act. sEa
Whenever any company shall desire to
call meeting Of the stockholders for the
/ purpose Of aydiling itselfOf the privileges
of this act, or for increasing or diminishing
the amount gift capital stock. or for ex-
pending or changing its business, it shall
be the duty Of tho trustees or directors to
publish notice signed by minority Of
them in a newspaper in the District of Co
/ lumbia Mt least three successive weeks, aud
to deposit notice thereof in the post Of
fec addressed to each stakeholder at his
usual place Of residence, ut least three
weeks previous to the dag fixed upon for
holding such meeting, specifying tho OBJ
! ject Of the meeting aud the timo and place
when and where such meeting shall be
held; aud vote of at least two-tbirds Of
all the shares Of stock shall be necessary to
an ipcraasc or dimiuutiun Of the amount Of
its capital stock or the extension or change
Of its business as aforesaid, or to enable
company to avail itself of the provisions Of
this act
If, at any time aud place specified in the
notice provided for in the preceding sec
ton, stockholders sbnll appear by proxy or
in person. representing not less than two
thirds ofall the shares Of stock Of tho cor
poration, they shall organize and proceed
to vote Of those present in person or by
proxy; and if, On canvassing the votes, it
shall appear that a sufficient number of
votes arc in favor of increasing or diminish
ing the amount Of capital, OIL extending or
changing its business as aforesaid, or for
availing itself Of the privileges and proyis-
ions Of this act, certificate Of the pro.
ceedings, showing compliance with the
provisions of this act. the amount Of capi-
tai actually paid in, the business to which
it is extended or changed, tho whole
amount Of debts and liabilities of the COM
pany, and the amount to which the CAPT
tai steck shall DO increased or diminished,
shall DO made out, signed, and verified BIZ
tho affidavit 9th chairman, and be cou1.
tersigned by the,sccretary; and such cc
ti6cate shall be acknowledged by the chai
man, and fled as required by tho first SCI
ton Of this act, and when SO fled the cap
tai stock Of such corporation shall be il
creased or diminished to the amount sped
flied in such certificate, and the businc
extended or changed as aforesaid; aud u
COMPANY shall be entitled to tho privileg
Lilitics oftbis not. wv !
If tbe Indebtedness Of ory con,nonv
rnuizcd under ibis NO. sbalI at opy 4,
exceed the amount Of ito cani,o, s,ook
trustees Of such eonnanv ossont i S,OT t%cr'
shsll be- nersonolIv md ;ndividmaiI, T liz
for such execss to tho creditors If t5o 90 90
nnny Wv 0'' wv ~
F ,,n ~,
!, NO 70 S,IcNnolaer snail Do personally
ple .or 'ne payment Of any debt contrac
y any company tormcd under this
wn'cn Is noS pau wiIal9 one year IRON
tlme :, Tue Geot becomes due unless .
TOT tue coiiccuoh Of such debt shall
Drought against sGcl company within