The Opelousas journal. [volume] (Opelousas, La.) 1868-1878, 1871-04-29

sheb \ was - 49, '' 49, W. N'NiAfS StN hNA'
dollars over and above all
debts and liabilities whatsoever. So help
me God. .
@ (Signed) s@ a' -
Sworn to and subscribed before me, this
-- day of---, 1871.
SEC. 70. Be it further enacted, etc, That
there shall be q superintendent and secre-
tary, elected by a two-thirds vote Of stock,
who shall hold Office until removed in the
same manner as elected. The sup~erinten-
dent shall have the direct business charge
of the affairs of the corporation, under the
direction and subiectfo the approval of the
directors. The secretary shall have charge
Of all accounts and correspondence. In
ease Of absence from any cause, an acting
superintendent or secretary shall be ap-
pointed by the directors, whose actions
shall be in all respects legal and binding
as superintendent or secretary.
SEc IS. Be it further enacted, etc, That
the stockholders of such corporation shall
be, jointly and severally, Individually liable
for all debts that may be due and owing-to
all the laborers and servants of such corpo-
ration for services performed for such COR
poration, but no action or proceeding shall
be Brought or maintained against any stock
holder for any such debt until the same
shall have been Que and unpaid for the
space of thirty days.
SEC. IA. Be it further enacted, etc, That
each and every stakeholder shall be indi-
.yidually liable to the creditors of said cor
poration for all debts and liabilities of said
corporation, to an amount equal to the
amount of stock held by him, until eshall
have paid IN fun the amount of such stock
so held; but no stakeholder shall be per-
sonally liable for the payment Of any debt
contracted by such corporation which is not
payable within one year from the time when
the debt was contracted urless a suit for the
collection of such debt shall be brought
against the said corporation two yearsafter
the debt shall become due, and no suit shall
be brought against any stakeholder in said
corporation until All execution against the
corporation shall have been returned, un-
satisfied, in whole or in part. No person
holding stock in said corporation as execu-
tor, administrator, guardian or, trustee. and
no person holding such stock as collateral
security, shall be personally subject to any
liability as a stockholder of said corpora
ton ; but the person pledging such stock
shall be considered as holding the same,
and shall be liable as a stakeholder accord
ingly, and the estate and funds in the hands
of such executor, administrator, guardian
or trustee shall be liable In like mann + and
to the same extent as the ~testaior or iutes-
tate, or the ward or person intestated fin
terested in such funds would have been if
He had been living or competent to act and
held the stock IN his W name Every
such executor, administrator. guardian or
trustee shall represent the shares of stock
owned BIZ him as such at all meetings. and
may vote as a s~tockholder and every per-
son pledging his stock as aforesaid, may, in
like manner, represent the same and vote
accordingly.
SEC. 10, Be it further enacted, etc, That
The receipts, warrants, or warehouse Ger
tifcates issued BY this corporation for goods,
wares and merchandise in their possession
or under their control, shall In all cases be
signed by the superintendent and secretary
of the corporation, and attested by the cor
porate seal, and copies thereof shall be re-
gistered in books kept for that purpose.
which books shall be at all times open for
the inspection of dealers with said corpo-
ration. The said receipts, warrants, or GER
tificates may be transferred by Endorsement
thereof, and any person to WON the same
may be transferred shall be deemed and
taken to be the owner of the goods. wares |
and merchandise therein specified, SO far as
10 give validity to any pledge, lien Or trans.
for, made or created by such person or per-
sons but no property shall be delivered
except on surrender and cancellation Of
said original receipt, warrant or certif-
cate. Every such receipt, warrant or ware.
house certificate shall contain on its face al
notice that the property mentioned therein
Is held by this corporation as bailees only.
and is insuradby this corporation for s.
SEC. l6. BE it further enacted, etc, That |
If any officer, clerk or servant, or other
person in. the employment of said corpora
tion shall take, embezzle, or convert to his
own use, or make away with, or secrete.
with intent to take, embezzle, or convert TO
mis- own use, any propevtw, goods. wares or
merchandise delivered u said corporation.
or ID or under their possession, custody or
control, or shall, with intent to defraud the
said corporation, or anS person or persons,
issue. or cause, or suffer, or in any way or
manner procure to be issued. my receipt.
warrant or warehouse certificate for. any
property, goods. wares pr merchandise not
actually delivered to. or ii, or under The
possession. custody, or control of said
corporation. or shall, with like IN
tent, issue. or cause. or suffer, or 10
any manner procure to be issued,
any receipt. warrant or warehouse certi-
icate, as aforesaid. for any property, goods.
wares on merchandise In tho custeay, pos
.or control of said corporation.