The New York herald., 1870-02-28
iMP3k ii1T Bi.L 10 REGlLATE iNJlNC-
iIJNS.

The following p, introduced into the senate by
Mr.. Henry G. Murphy, and passed to tbrd rcad-
ing IN that house on Thursday, Is intended 10 re-
strain the courts IN the hasty custom OF Issuing In
functions such a. was manifested In the recent
railroad controversies. The bill is entitled
AN Acr 20 regulate proceedings against corpora
tons by iniunct,ons and otherwise,
SECTION i. An injunction W suspend the general
and ordinary business o. corporation JOINT
stock association, or 70 suspend from Office any
director, trustee or manager or u corporation or
joint stock association Or 10 restrain prohibit any
director trustee or manager OF corporation or JOINT
stock association from the performance OF his duties
AS such, shall not pe granted except by the court
and upon notice oi AZ least eight days oil the ap-
poration, or the director, trustee manager TO be
enjoined or restrained; and an Injunction granted
Tor any oil the said purposes except by the and
upon the notice ia THIS section prescribed shall De
| v0l0.
| SEC. 2. A director, trustee or manager or other
officer OF Corporation or joint stock association
| shall not be removed suspended nom olcc
except by an order OF the court made upon
! notice VI at least eight days Of the ap.
| piicatlon Tor snch removal or suspension u
tue person proceeded against, ana after an
opportunity for such director trustee, manager or
other officer to be fully heard IN open court re-
| spect OF the charges against hun. All orders for
the removal or suspension vi any director trustee
manager or Other officer, made Otherwise and wiu
out compliance with tns section, snail be void.
SRC. g. No receiver Of the property ana effects OF
corporation or JOINT stock association or any part
thereof shall he appointed except by the court
upon notice OF az least eight days OF The application
JOINT stock association.
SEC. 4. ANY director other officer OF u corpora
flou or joint stock association upon whom
shal be served any notice OF aDpllcA ION, for
injunction restraining or affecting the business
oi snch corporation or JOINT stock association, or
Tor receiver Of us property and effects, any part
thereof, wno shall conceal from oniy disclose
to the other directors trustees managers and officers
thereof the lact OF sueh sefv Ice. ana tue time and
place at which such application Is TO be mace, snal
oe deemed gaity OF q nlsiemeanor, ana upon con-
vction thereof, snail be punished by fine or i'm
prisonment, or both such fine ana Imprisonment
and shall be liable, In civi action. 10 the cor
poration or joint stock association Tor ALI damage
winch shall be sustained by II by reason vi sucn
proceedings.
SEC. &. The provisions or this act shall extend ana
apply to all corporations ana joInt STOCK associs.-
Tons created or existing by the laws OF any other
state or goyernmcnt dong business WITHIN this
state or having business or fiscal agency or an
agency Tor the transfer Ot Its stock therein aud TO
the directors, trustees, managers and other officers
OF such ioreign corporations or joint stock
tons, and to MI proceedings by the Attorney Gen
era. In the name OF the people Of this STATE unaer
the laws regulating proceedings against corpora