Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1874-04-16
LPubIished March Z. 1871

IN senate and u S slase II Wisconsin, represented
Sac,;o - assembly, do enact as follows.
in INV ~ - /, Five or more admit n.sr. 49,.
III any co1nty of this stare Tos, me- lessons living
SioSs mo an association or corDorstin4S them-
=, IL 5 " a OF the follow ing purnose ~ QUE
on ne following business Fhs n,P5 70 carry
Isctufing, numbering. trsnsporfatior alaaa-
.onli n elevator or warehouse busnfss -
the on mess OF loaning money IN .sr,r;,s,, "
otherwlse, dealing In ali kinds Of pronsr,, ~ VI
ing, selllng or exchanging the sane HE hr5.i,s
OF DuJlng or building dwelling houses Ard ,,nHd
lngs OF all kinds, and IN selling eycngu0int, Isa
ing or reLtng the same, the basinc : Of ,nssrs,c
OF any kind among the members OF such corpors
uon, ana te carry or any other l.wlul trade or
Dusliess, provide for the mutual support OF jts
members, in case OF sickness or poverty to estah
lish and maintain hospitals or other institutions
for the education maintenance Of orphan en- i
ure, and for the care and relief OF the sick inGr
or the homeless, and for any other charitable puf
pose.
Section ,. Amy such corporation or association
organized IN conformity with tbe provisions OF
this act, shall be body polite and corporate un
uer sDch name which said corporation may adopt
ana may have common seal, ard alter, break ana
renew the same at pleasure; snail have the power
ana right to acquire, hold aid possess by gilt,
wise, grant, purchase or otherwt'e, both real ana
personal property. and sell. lease, mortgage or
olnerWise dispose OF he same al pleasure. Such
corporation snail have the right to contract ami 10
contracted with, and TO sue and oe sued TO plead
and he implicated with, TO answer and to be an
swered to III all courts and places, to borrow and
loan money, 10 give or take notes, bonds, mort
cages or other evidences of indebtedness, and 70
object and purposes OF its Incorporation under the
provisions of this act.
Section g. The persons 80 organizing such
porauon shall make and adopt articles. OF assoCa.
zion in writing, which articles ahall contain /.
The name, location aud purpose OF Fuch pOra.
ton, and its capital GtOck, which shall not eXceed
the sum of one hundred thousand dollars. ,. Thu
designation OF the general officers OF such cUrpo
ration. 8. The main duties conferred upon such
general officers of sucn corporation. 4. The meth
Cd OF accepting, dlscharging or eXpelilng mem
bers OF such corporation. 5. They may also IN
corporate in such articles OF association they
may aee lit. such other provisions OF articles a.
they may deem for the interest OF such corpora
ton, ana TO carry out its purposes and objects
incorporated under I is act, and not inconsistent
in conflict herewith.
Section T. The articles of association so made
and adopted shall be sigred by the persons
forming such corporation, and copy thereof, yer
fled under oath, by two of the persOls signing the
same, being true copy OF the original articles
OF association. shall be recorded I'm The office of tho
register Of deeds of the county in which the same
is located, IN a book TO be kept ior the record Of
the like or similar Instruments and upon such
verified copy the register shall! iud0rse the Time OF
the receiving of the same and the book, page on
and in which the same Is recorded. Such verified
copy so recorded or a certified copy of such arIi-
cies from such records, shall be prima acIe
dence III al courts and places OF the organization
Section 3. Such corporation may adopt code
oil bylaws, alter, amend or expunge the same, or
any pant thereof, subject TO any Limitation con
tsined in the articles OF association, ~ by them
adopted, which rafae shall contain how altered
amended or eXpunged; and BY sEch by laws pre-
scribe the duties and powers of such general OIL
GERS. ana other officers. agents ana employees OF
such corporation, to fix their compensation, to
create and establish such other officers or agents
may be deemed for the interes: of such cOrpo-
ration; the mode and m&uncr and time OF holding
| elections, those elected, and such other general
| rules and regulations such corporation may
deem necessary in order to carry ont fully the OBJ
/ jeCts and purposes Of such corporation provided
that such corporation shall not have the night to
adopt any by law. rule cr regulation inconsistent
/
| act or the article OF association.
Section g. Any corporation organized under
any Of the provisions of this act may at any time,
by vote equal 10 at least one half OF the number
| OF shares he'd by the stockholders, alter or amend
such articles of association adoptei and recorded
prescribed IN sections three aud four OF this act.
provided that the process Of Masking such alteTa
! ton or amendments shall b. conducted in man
ner prescribed by the articles OF association, II
/ such process II prescribed therein; and such
amendments shall be IN writing, verified and
corded in the same manner as prescribed III sec
ton three OF this act, and shall not change sub
stantially the original purposes OF the corpora
ton.
Section Z Any corporation organized under
the provisions Of this act may dissolve by "A vote
/ equal to ut least onG-half the number of shares
held by the stockholders Of such CORPORATION: pro-
vided that the process OF dissolution shall be con
Quoted in manner prestrlO bed In the articles Of
association in said corporation II SAID process be
| described therein. A resolution setting forth the
fact OF such dissolution, and also statement set
ting forth the number OF shsres oi stock held by
the stockholders of such corporation, the number
of votes voting for dissolution, ana the date on
which such dissolution adopted, shall be
signed by the proper officers ana shall be verified
and recorded az pTesCri bed for the verifying and
recording of the articles of association by secu0u
three Of tins act and after such resolution has been
adopted, az ned, verified and record d, sald cor
pOration shall have ceased 10 exist except for the
purposes hereinafter specified.
Section 8. In case'of dis olut on of any corpo-
ration prescribed by section (7) seven of this
act, the officers at the time being shall continue
10 act as such, and shall be deemed the legal ad-
ministratnrs % such corporation, for the parpose
OF selling or disposing OF any and all paoperiy
real or personal, which may be owned by such
corporation, and out OF the proceeds OF such sale
or disposal of such property, the said officers shall
fret pay all Indebtedness of suCh corporation 10.
gether with he costs of such administration. and
shali divide the residue, II any, among the stock
holders IN proportion 10 the amount Of stock own
ed by each OF sucd stockholders of such corpora
ton at the time when the resolution OF dissolution
as prescribed IN secuon seven oI this act, WIS
adopted. and after iully administering such prop
etty such officers shall cease to act rs such
Section O. Mutual support in case Of sickness,
death or distress. shall only apply In any corpora.
ton organized udder this act % bona Gje mCL4-
beers OF such corporation.
Section H. II SD all De the duty of all corpora
tons, organized under the PROVISIONS Of thIr net,
to keep correct and complete record Of all pro
ceedings, and especial ofthe election Of officers,
but such record may be kept in any other ihau
the English language, IL so stated in the articles
OF association adopted, verified and recorded a.
provided il sections two and three Of this act.
Section H. II in any case the election Of Office
OF any corporation organized under the provi--
ions OF this act should not be held on the day ND
pointed by the articles OF association OF such cor
pofatlSn or its by-aws, Tor such election, Such
corporation shall not be deemed dissolved there
by, hut the former officers shall continue b act
~ such until their successors shall have been
elected aud qualified, and special elect ons may
nc cal ed by the officers of such CORPORATION BY
giving pubic notice for AZ least ten DAYS of the
tlme ana place when and where such election
VIII be held, IN al least one newspaper published
10 the county whore such corporation II located
II there De any Newspaper published in such
comfy provided, the articles Of association ~
ercpt mode OF callihg euch election
section u Any number OF such c0rporations
not less than ten, organized under n provisions
Oh thls act in 6hoie or In part for like or similar
purposes, may organize a state corporation ana
may delegate 70 such state corporation such pow
crs as they may see fit and which are conferred
upon sHch corporations under the provisions Ol
THIS act, and may organize such stale corporatlOn
ny masking and Cling with the secretary 'of state
attcles OF association as provided ~ -ecrIun
three Of this act prov ded that the caoitsI sock
shaIl not exceed five hundred thousand dol4r-,
and by such articles Of association MAJ confer mp
On tuca state corporation all the nights powcr.,
pl.ttlege ana franchise as contained provided aud
authcrized in section one oil this ac ard the same
shai! De body polite and corporate with al the
ilghts, powers. privileges and franchises and sub
)ect 10 al the liabilities as provide BY aoctOn Two
OF this act.
Section u. This act shall take effect aud be in
lofce nom and alter it, passage and publication.
Approved March t. 1871 u CORY.
Published March 25, l5nl
CHAPTER 800.
AN ACT to amend section one Of chapter 2O5 OF
the laws OF Wisconsin Of 1873, entitled =" an act
rtlatlng to statistics OF property exempt from
taxation -
me People Of the state of Wisconsin repre- -entod
III senate and assembly do enact az follow:
Section 1. That section one ~ Of chapter 205
DI the laws of Wisconsin OF IS13 entitled an act
renting 10 Statistics OF property exempt from tax
lpon' - hereby amended TO read rs follow.
section l. 1t Is hereby made the duly OF all a.
'essois throughout the state, when faakiry ont
be next assessment roll, a. now provided bv la0.
% enter IN books or on b anks 10 be procured and
furnished " them as hereinafter stated in regular
lTder, IN the name OF the owner. IL known IRON
he best Information they can Obtain. a correct
md pertinent description o. all real and personal
lr0perY eXCentIny such an IL nntr .vi.fn nfnL IL