New-York tribune., 1872-01-30
AZ IMPORTANT ACT.
THE ATTORNEY -GE ENERAL EMPOWERED TO FRO
CEED AGAINST CORPORATIONS.

TIE ATrORNEY-GENERAL EMPOWERED 70 rrtO-
CEED AGAINST CORPORATIONS.
The following has been introduced in the Leg
satue and Is adyoca ted by AttorneyGenerni Barlow
AN ACT regulate proceedings In certain actions against Co'p'n
PeD,.oJn< York, rprned IN snat AVID A''.a
srcTloS The first section of act entitled An Act
Sn e. sand oI%erSise paEsed ASp iso Il hereby
amended as TO read as follows: "Secti0n l. An in:
Drasay Of s
stock association, or 10 suspend from Office any
stock association prohibit any director,
trustee, manager OF corporation or oAt stock asso
bo granted by the Court upon notice of AT least eight
days unless the Court SHALL by an order 70 show cause
prescribe shorter time Of the application therefor to
the proper officer OF the corpora ton or the director
trustee manager to be cnoined or restrained and not
otherwise and an injunction or order granted for any OF
the said purroSes except by tho Court and In the man
ner in this section directed. shall be void
SEC Section o said act is hereby amended so as to
read Us follows: "No officer director OF corpora
ion shall be suspended removed from office otherwise
than by tho order OF Judgment OF the supreme GonIt IN
a civil action IN tho cases presented by the Revised
statutes and all actions and Proceedings against cor %
poration, or s director, officer and manager "hsIe the
relief sought which can be granted therein shai oe
the 10 OF h or ns
shall be brought By tho Attorney-General ~ the name
RI s s PSs be had lin in the county which shall DO deSgns
ted in che compliant nnS the place o ra Sna DO
r y baSeSs ns SS'S y 0 esa S or OF
suoh corporation shall be removed by The order or
Judgment OF thB Court upon =" tio'S
misconduct the Court may direct new election TO DC
held by tho body or board duly authorized Ior tn Pr
pose TO supply vacancies created by such removal but
no director ocer or manager removed shall be elg.
be to reflection or rcappoutmcut and Ia case all tho ~
rectOrs Of such corporation shall be 40 removed tnen
shall the duty Of the Court 10 report the Ilct TO tue
Governor who shall be authorized, VAN the consent oI
the senate, to IN such vacancies. =, u,
SEC. L. In every action brought under Artlce IL OF
title OF chap part OF the Revised Statutes. or chap
I5I Of the Laws nf 1870 this act whenever the A0r
neyGencral shall present to this Court an application
duly verified stating that in his opinion the production
or discovery Of books papers and documents 10
tho merits of such action or OF any oelehse
therein, Is necessary either for the purpose OF
framing complaint. or to make any mo mo
and that he has good reason believe that the norma
ton which he desires will bo obtained by the producton
or discovery books papers and documents IN tc
session or under the control OF the corporation against
which the action s brought its officers directors or an
ayers it shall DO the duty vt the Court without onor
or further proof TO grant order for the production
or discovery Of such books, papers, and documents ~
such tile and place shall be In 5uch otuer bNo
fed, and the Court muy by order appont
referee, before whom such pooks' Pap$is'
and documents shall bo produced ior & n
NAV direct and transcripts from such DOCKS palerf
and documents certified by such referec may DC useu
s evidence IN such action, and when such oiuef snh
be made tho Court is authorized 10 make any oshe or
further order 20 render such discovery eiiectuai lh
cordance With the existing practice relating 70 lht us
coyery and production OF books papers ana documents
In the possossiOn or under tho c0ntt0l OF party W ou
action. ,,,