The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1870-09-30

aid. the per.ous who shall have signed and 40
.hsiI b body polite and corporate In net and In
name by the name stated In such certincate, and
by that name have succession, and % ca2aoie OF
suing and being sued In any court o. law OF eqSiy
In this District Of Columbia, and they and their
succeseor may have . common seal, and make and
alter the at pleasure, and they shAl by their
corporate name be capable In law Of purchasing.
whatever may be necessary 10 enable the said com.
pAny 10 carry their operations named In such
certificate. but shall not mortgage the same, o. give
.s ss holder Of aid company.
The stock, property. and concerns Of such company
shall be managed by not less than three nor moro
thar nine trustee Who shall rsspesysy Dc ,sosn
Of the District Of Columbia who shall, except for
the drst year, be annually elected ey the stock'
holder, st such time and place q shall b dessr.
notice Of the time and plsce Of holding such election
shall Be published not less than thirty days pro
yious thereto, In the newspaper printed Nearest 70
the place whers the operations o. the sai1 oomPsny
by such Of the stockholders - shall attend ioI that
purpose, either by person or by proxy. Al the
elections shall be by ballot, and each stockhoder
shall DO entitled 70 q many ycsss = ne
the greatest number Of votes shall be trustees ana
when any vacancy shall happen among the trustees
BY death se Ssrr H. ,ssS manner
may DO provided for by the bylaws OF the SAID CON-
pAny.
designated by the bylaws Of said company, when
Il ought to have been made, the company Tor that
reason shall not b dissolved, but II shall DO lawful
on any other day, to hold an election pt uustess
In such manner as shall be provided for by the said
bylaws and all acts OF trustees shall be valid and
binding Is against said company until their suo-
cessors shall DO elected.
shall be designated Um the number Of the trustees
and also such subordinate officers Is the company,
by Its by laws, may designate, who may be elected
for the faithful Performance OF the duties OF their
Office rs the company by Its bylaws may require.
Il shall be lawful Tor the trustees TO call IN and
demand nom the stockholders, respectively, AZ
such sums OF money by them subscribed, ut such
times and In such payments or Instruments ~ the
trustees may deem proper under the penalty q
fOrfeting the sha Of stock subscribed Tor and al
previous payments made thereon, II payment shall
not be made by the stakeholder within sixty days
after . personal demand OF notice requiring such
payment shall have been published for sig success
sive weeks IN newspaper In the District oi ooium
Tse trustees OF such company shall have power 10
make such prudential @ M tssy mail " Diem .ss
and business Affairs Of such company not incossten'
with the laws 81 the District % Columbia and CSnst
tuition OF the United States and prescribing the duties
% officers, srtncers, and servants that may he em-
rfuyed for the appointment Of all oicers, and for
purposes of such company.
The stock Of such company shall be deemed personal
estate, and shall be transferable In such MANNER Is
but No shares shall be until 2. previous
calls thereon shall have been fay paid In OF sns, ~
calls thereon: and t shall not he lawful for such COM
pany 10 use any their nds In the purchase OF any
Tn. eny Of sny eer,iscste Of Incorporation fled In
Of this act certified by the register Of the
district OF Columbia 90 be true copy and NJ the
whole OF such certificate shall be received In all courts
and places as presumpt'e legal evidence OF the iac''
All the stockholders OF every company Incorporated
under this oct shall be seyeray individually liable 70
the creditors Of the company In which they are stock
holders 10 an amount equal 20 the amount VI stock
held by them respectively Tor all debts and contracts
made by such company, until the whole amount OF
capital stock fixed and limited by soeh company shall
have been paid In and certificate thereof shall have
beeu made aud recorded as Is prescribed IN the ioow
shall he psd In one half within one year. and the other
half thereof within two years nom the Incorporation
OF said company, or such corporation shall De us
The president and majority OF the trustees, within
thirty days amer the payment % the last ns'sen. OF
shall make certificate stating the amount OF the cap
tsi fixed and paid In, which certificate shall De
the trusees and they shall within the said thirty days
record the In the Office Of the register OF deeds
livery such company shall annually. within twenty
days from the first OF January, make report, which
mbia which shall state the amount Of capital and OF
the proportion actually paid, and the amount OF us
e.,Hs d sas Se n The Trustees and shall be
verined by the oath of the president or secretary OF
said COMPANY and hed ~ The @se Of ne x na ,Ss
sai companies shall fall 50 10 do, all The trustees OF
the company shall be Jointly and seyeraly liable or the
debts % the company then existing and for all that
shall be contracted before such report shall be made.
IL the trustees ef any such company shall declare
and pay ANY or shsI would diminish the
amount OF Its capital stock, they shall be Jointly and
existing and nor all that shall he thereafter contract
ed while they shalt respectively remain In onice Fro
sdsd That any q s trustee, e, ,s sa Ue OF M, ,e
same aud shall at any time before the time Fixed for
the payment thereof he certificate Of tnsir oelec,
with the register OF deeds % the District 81 Columbia
they shall be exempt nom the said liability.
any part OF the capital stock and no loan Of money
shall be made BY any such COMPANY to any socssSldsr
holder the ocers who shall make IT, or who shall as
sent thereto shall be jointly and seyerslly liable 70 the
extent OF such loan and interest for all the debts OF the
company contracted while they are stockholders or Of
ncers thereof. 49,
given by the officers OF any company In pursuance Of
the ysions OF this set should be false In any nate
rial representation AL The onesrs VINO shs n, Se
and seversly liable for all the debts OF The company
contracted while they are stockholders or oricers
No person holding stock In such company rs execu-
tor. administrator guardian or trustee and no person
non,nk sstn ~. - ,,.h,,, =. s,o.tSoidsr N snrh
sonsy suosvt ~ sny g,.g sscs ssocs sSsiI he
consnys oa' h,sl d. lsm. ana sh. he iisble as
~ ', III ,ha .s's,s sna S,nds I'm
~, a q, s,sn ~ a,,,op .am,nistrstor eaani,n.
te hs's y, 49, 49,, A., M .'.,n.s. 90 % ,.
or trustee shh, oe Iaole ~ mse msnn.I sa W e
same eft.nt ~ VIZ , , ~ MA M h.ys ,.n ~
person in,eres,su IN sue uuss i.', W. ,S "a ,a
he hsd peen nNlng anu co"p%'en' W so' an" "e'u ao
stock In MS own nsme. .,.,.,-.,. u.,.,,,.n NJ,
livery such eAecuIor' snmnIsHsV.i tuSS . ~
trustee shan WYNN we 500 W a,s,a.,
meetings OF the company. snu NAY WIZ sn ,,S
stockholner, ana every prsn.n WIZ snsm ,
MS STOCK as MoIess may' s M 80 v
same ~ ~. suen meeunt'' anu n'~' 'o'e s0''''e"
"a stoekne,r, ~ ,, ..,,,,.,x orv.r,,sd ,rds,
Inc s"ehnous l 49,, az, ~ III t,,y .exs,,,,S .na
me ~ ,h, s IN asn,s ,S.s NAV hs s"e
lnuW,uy, y. ,hayr ,.ho,.,. ssry.n,s .nd .nnr.n
,s' or r " ~ tsn,sa ~, men corr"r.ton md
sn VI s,,t.,I, Iishis IN. al ,he ashis m al
y. ~ ths a,oant of the stocI OF each stoct-
| S ,l.,."''o' '" ' ~ " Wv "
hoaer. ,,,r.,,o, mr. .on,.,x here,osore formed nv
NY ~ ~ nns, The yener.l law and now existing
~ .n,sa.,,,ins .y,icnitnr.i mining inc rcnntIe
ior msnia.s ,.,ias n,.ss.,Ins y. ,ne.h.nics
insurance, u ,s,, y, T,hie ~ .nx .an,nsn.
pnIroses, W VIC ..S sv ,,' s ~ vi e.ps ~
which may oe Iormea un"sr .s re-, ,nAy ,,, az ~
diminish US caplth stock, oy oompyn s VIII u,e Pio,
visions Of this set TO any amount tnst nay De uee'
suihcent and proper lot ue pu,Poseso ur ooIpo'a-
ali m