The Albany register. [volume] (Albany, Or.) 1868-18??, 1870-07-16


said stock shall corsst the number Of trustees and
their who shall manage the concerns Of said
place said District which the operations Of said
company are to be carried on.
said. the who shall have signed and acknowl-
edged the and their successors shall be body
name stated in such certificate and by that name
have succession, and be capable OF suing AID being
Columba; and they and their successors may have
q common seal. and make and alter the same at
capable in law of purchasing, hoi lag and conveying
any real personal estate, whatever, which may be
Operations named In such certificate but shall not
mortgage the same, give any lien thereon. except
In pursuance of vote Of the stoekhoiders CT said
company.
TIE STOCK property, aud concerns of su h comp ny
shall be managed by net less than three than
nino trnstos who shall respectively be Stockholders,
and majority of whom shall be citizens of the Dis
rict of Columbia who Aha except for the frat
bapnnualIy elected ty the stockhoadeFs such time
and place shall be d.teI mined BY tho bylaws of
the COMPANY; aud public netie4 of tire tins and place
holfiag such election shall be Published not less
than thirty days preVions etc in the newspaper
Of ths said company shall be carried on. and tho
election shall be made By such o tha etochhoiiers
rroxy AI the elections shall by ballet AID each
stockhoIaer shalt he ea titled many votes he
shares OF stock In sAid company. and te psreen
tecr. nati wnen eay vacancv ehaH happen among the
He'd for the resnanaer the year ia such manner
az may be provided for ~ the bylaws of the said
ccrnl any.
Ia it shall happon at any tu,s that IN election
Of trustees shall not be ado the Gay designated
have heen made the c3mpany for that reasoa shall
not be dissolved, bat it shall ba lawful ether
shall be providei fr by the said by lava. atd al
acts of trustees shall be v4lid binding sgaust
ssid company until thsir successors shall be
elected.
There shall be t,resisent Of the rpany who sha-I
he tlesiEra from the number of the trustees ai
also snch subordinate oicers the company by It's
bylaws. may designate, Who may be eiecte1 or
faithful peIf rmauee OF tle dutits Of their of-e
the company by its by Isws may require.
1t shell be lawful for The trns TO call in and
demand from thestact holders respectively 81 such
SUMS of Non y>by theiaa snbTeTibsd AZ such tiaoa
aud in such payments n in tall'Eepts tho
shall deem prorer uSdsT the penalty of farfeiting
the shares Of stock subscribed for at such times aud
in payments in taiuaents TIE shall
deem pfapar under the pen lily ef uTfeitng the
shares OF stock subscribed TO al previous pay
nents made thereon. # psy rnen shesi not b. made
by tha stockho5er within sixty days after personal
demand Or notice reqiring such ayu shall tays
been published fer six Successive Weehs in o news
.fort said.
The trTssEc Of sch company shsI have reszsr 10
MARE such pruieutiil by laws IA they 81 all deem
stock aud business afT4irs Of such company: rot
inconsistent with the ,4ws The District Of Couabia
brig the duties Of ceEs, srtifcsTs and THAT
may employed, for the appointment Of ali ec -,
and ca ryinz al kinds Of business within the
offsets an1 prrpeses Ct such eompany.
1ho st,c& ef such cempsnY shall DO doraled per-
shall
as snt Dc fteseri9ed iy tt FLAWS oi said ecnPspy;
but shall oe Ir nsfelaC:e unlIi Il p evioes
cAiis th<reon shah have been faly pai1 i. Or saa
sEe bsen declared orfeIted ISr the noa-p of
calls thereon; and it ri all not be lawful sGch
company any % tAes fguds the purchase OF
any stuck il a7y oLher eerP2iation-
The eepy ofaay cert fete of Il poSa ion fle.i ia
pursuance of this sch taa by tins register If the
Disttiet u GSinzfb''i 10 De ssas copy aSd Ct the
coulis and places a, presaIn tive iesl esi1eEes Of
All tts STICK hsldefs every Company incorporated
ths Set, tbeil be seyery, iu.i4Eiduaiiy Iabo
the eIeailofs Of the conf aay iu which they
stcc belaeTs, 10 an amount q1aI to the Of
stock held ty them TespectiSeiy, fer all oe 10 &ud
contracts made By such company, p8tii The whole
ef capital sG5ck fxsd aBd ligittd sEel
ny shali tAEe been paid il aud
nall have been naSdo aid reearesd prescribed
in the foiiesi ssctIon. And the capital l. =
d apd IiriTe cd saaii be paid n bali Gih
ear AID sie other La4f thereCf wtsiin two Yeas
from the uoor atun of said co1i any -uch
TIE preside mi Ii.y ef the tfs1ssees. within
trt5 dag the ay Il te It3t iuafalseeIt
The csTi'sl ateek xed and limited By the
pany. shsil make certificate st4ti4E tls a1a4uLt
ii The eslitel xel and pad M with esFtf -ate
shall be slguo43 to by the prtatts atd
t sf.ty of the tra s,.es; a.d tay vi ala ne
sasa slisty days record the IN I'll oi lhe
rgfsi Il ii cve2s ef 30 District oi C0rn.UI.t
lvsay company ssss ali d aauaiiy With ts~nty d ya
ile 1irst u .54bGasg. make re29I1 - Which sh
pab fsL ei tn newspaper IA ihe iss;1oGsf Column
b.s, wh ch shall state The I'm nut ef cAi s. and of
Ir4s .FIlou setua ly paid aIi the
existing dis, .btcu report satli b. Il ned bs The
pres seIt aid R jointly If tae TRUSTEES saasl TO
said company, aud flied IN the ctce ef the reg aer
ot deeds # district OF CJiunai ia ard 4 al Of
the pAEsi shall tail d. ali trustees
OF g company shalt he jointly alid ally Battle
tor the 4ebts 1t the c.misai then xi,tns and ior
all shall be coEtractsd bsfofe report shall
be ma 80.
l. the trustees Of any sueh company slaI declare
aud pay sDy dividend tie fas meat ct which would
render it iissofvsut, which w4u5d diminish the
uut OF its capatai stock, they shati faty and
able for the III bts u th5 Gatlrsy then
stuZ asid thl2; sal bu Thereafter caitrHct-
" lie trey s'all respectively au IL flee: Pro-
yide9 That If a1y Of the t,uies shall ot5ect to tas
-es1iflz such civ dsnd, the pa. of the
G. aid cha time before Gluse. Il xed for
fhs ia turez fl Of heT bject.oil
~fiftrg with the Heretsry Of the nsaly .Ild
with register deed the BistI Of @ iainbia
rhsy stall be- exempt FROM the SAID ii L1lty.
Nothing bu. money shall be cor sidered as payment
Of suy pat If c;.pts OK, an of rnouev
shall be made Is ary Lueh eUIn4hny 20 any STOCK
holder therein aid Il any uch loan stall be made
u stock holder, fhs Gissrs wEo shall n-&ao it, or
w shall the etJ Eh 81 be join ty aud
liable the tent of such los-n aud all
the dsbte of the mpany contracted while they are
Stockholders or fltcers thereDf.
If any oertf ate report made, or public notice
given, by the ofIceTs Of any company pursuance
PrevrIons ot this - should oo fai-e any
material representati5p all aficefs who shAiI
be jointly and severay be all the debfs of
tho company contracted while they stockholders
fiji thereof
No prison holding stock Ia such company as exc
cutGr, gda snistrator, guardian, trustee, and
hooIDg such stsck collateral seority shall
persoL ally subject any liability holder
such company; but the ng such ock
ho rtaMa