The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1870-08-11
CHAPTER l72,

CHAPTER liz.
An act to amend Chapters SO and SO
Of the Revision Of 1850 in relation to
Corporations.
SEC. l. BE it enacted by the General
assembly Of the State of Iopa, That
sections ll52, 1853, 1856, ll6l, ll72, llss,
1893, 1874, and 1867, Of the Revision of
1860, be amended ~ hereinafter provi-
ded.
Sec. .. Amend section 1852 by add.
lug at the end Of said section the words
"and in the Office Of the Secretary Of
State in book kept for that purpose"
Sec. 3. Amend section 1853, by stri-
king out ofsaid sec ton the words "corpo
rations for the construction of any work
Of internal Improvement, must In addi-
tion also file copy Of such articles In
the Office Of the secretary of State, and
have them recorded by him In book
kept for that purpose"
Sec. 4. Amend section 1856, by stri-
king out Of the fourth line OF said sec.
ton the words "whcn such filing is nee
essary."
Sec. 5. Amend section lltl by add
ing to said section the words, land n
COPY thereof must be filed in the Office
of the secretary of State.
Sec. O. Amend section ll72, by inser-
ting after the word 'exempts' in the
first line the words "neither can provi-
-, al Of 90
cmpt."
Sec. T. Amend section llSS, by inser-
ting after the word "recorded" In the
| first line, the words ''by the recorder Of
deeds of the county where the principal
place of business is kept only"
Sec. 8. Amend section 1893, striking
out of the seventh line of said section
the words "file in the office of secreta
ry Of State and also "and inserting the
words "have recorded" proridcd, that
failure Of any corporation organized
prior to the taking effect Of this act, for
benevolent, charitable, scientific, lelig
ious or missionary purposes, or any 9th
er lawful purpose unconnected with
motives of MARY profit, to file q
copy Of their articles or certificate OF
incorporation with the secretary OF
State, shall not in any manner affec,
the legality of the acts of any such cor
Ioration, but all the acts Of the officers
of such corporal, ION shall be considered
as legal and binding as they would have
been, had their articles or certificate o
incorporation been filed i'm thu office OF
the secretary OF State, at the time o
organization. and, provided, further
that articles of incorporation Of charita
BILE, religious, or scientific institutions
dating prior to this date and not re
Of State, shall be recorded in the Office
of the recorder in the county in whcl
such institutionsare situate.
Sec. 8. Amend section 1894, by stri
king out of the first line of said section
after the word filing" the word "a" an,
inserting the words "for record the"
Sec. 10. Amend section 1897, by stri
king out of the third line of said sec
ton the words Secretary o
State, or with the, )" and the words this
State, Fat the end of said section aud il
place of this State" insert the word
the county"
Sec. II. Any corporation organized
for the purposes Of pecuniary profit
pursuant to the provisions OF chapter 81
3 of the Revision Of 1860, or amendments
: thereto which, shall fail to have its arti
. cles OF interpretations recorded in th'
office of secretary of State, Within three
months after the taking 1ect of thi
t act, shall be prohibited from, doing bust
ness as corporation, provided, tina
nothing in this section shall he con
strued SO as to relieve such corporation
from the fuliNlmens of all contract
made prior to the taking effect Of thi
e act, or to relieve individual member
i. thereof from liability to the amount o
/ the unpaid instal!ments on the stoc
owned by them, or transferred by ther
u for the purpose OF. .defrauding creditors.
: Approved April 16, 1870.