The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1874-05-13

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/ neglect or refusal OF such otiicers,' Or from
other legal impeachment q legal meeting 81 the
company cahnot De otherwise called, three or
/ more stOckholdefs thereof may caIl i nestIIlo
ofaicemp BY giving ten days r,otioe. iH &
] newspaper circulating in the county wherein
aSd SUCH meeting IS s2 Rsa xii / fSs G. sss
inepf11r fofsaH eon1p7Ily !; and III ~ ofz1co1S 81
tne. 29p p! exs pres11ll hose duty 4 q ~
pE2sids " qasstipa il|e stoekho Ider. present.
be We duty VI tho seeiUs0fy II ~ a5on,baI,y
toreoold the iproceeedlnRe ~ such rdsstlng III
'as ,pSox g minutes q the company !.
iS. And be it enacted, That, whan any
queer OF - such ss company or the stockholders
to pay the debts oftIe eanpahv or aany mart
tl'efsai any person Ia whom they shall be- 60
liable may have an action on the case against
one or more of such officers of stockholders
/ ana THO declaration in such action SHAH state
the olaimagainst rhe company and the ground
On which the plaintiff expects ia charge the
aeienaapts personally !; and such action may
| oe oro o! nv notwithstanding the tendency Of
/ any action against the Company for ths RI.
/ cevefy of the same claim or demand and
i both oflsunh actions may. be prosecuted until
4 ,ne pialntlh obtains tho debt and costs Of
both actions. ~ s''N 10y -
70. And be Il enacted, fhas xhsa .4v n
the said officers or stockholders are Ii,Sblt &c
A mentionedin this act, for the debt8 sc spoh
company, or any part thereof, the person to
whom they are SO liable may, instead Of fhe
proceeding mentioned in this act, have his
remedy against such officers Or stockholders
hysa biiiin chahcery +astsa ~ -. -1
30. And be e enacted; That Aby officer or
stcckholder Of such company Who has paid
any dept OF the Company for Which he Is La
pie under the provisions q this act, may re-
cover the amount so paid In an action against
such company for money paid for their use, in
which action the property Of the company
only shall be liable TO be taken. and not ia
| property OF any st0ckholdefs ssssss 28l4
81. And be 1t enacted Tiiat Sv saF Srent or
other person having charge Of any property Of
such company, on request Of any public officer
having for service writ Of execution against
such company, shall furnish the names Of the
directors and secretary, On stockholiers there
Of, and a schedule of allits property, includ-
ing debts due or TO become due to the com
pany, so far as he may have knowledge of the
same.
%. And Be- it enacted, That If any suc,
officer holding an execution shall Be mali,
to sind other property belonging to such CON-
pany liable to execution. be or the Judgment
creditor may elect to satisfy such execution.
In whole or in part, by any debts due sucl,
company, not exceeding the amount thereof !:
and 1t shall be the duty Of any agent or othen
person having the custody of any evidence of
such debt to deliver the same to the officer for
the. use Of the creditor, and such delivery,
with transfer to the officer in writing for
the use Of the CREDITOR and notice to debtor
shall DO 2, valid assignment thereof; and suc,
creditor may sue for and collect tho same il,
the name Of such company subject to such
equitable set-offs on the part OF tile debtor an
may be in other assignments.
23., And DO Il anacted, That every s,icl,
agent or other person who shall neglect or re-
fuse 70 comply with the provisons of the two
preceding sections shall be himself liable TO
pay 70 the execution creditor the amount due
on said execution with costs.
g. And be e enactedI That every person
neiaing stock IN such company, as executor,
administration, guardian or trustee, NAV re-
present the share or shares Of stock in his
hands at all meetings Of the company, and
may vote accordingly as iii stockholder.
20. And be it enacted, That such COM
panles which may expire by their own lmita-
tion, or be annualled by the legislature or
otherwise, shall nevertheless, be continued
bodies corporate for the term Of five years
after the term when they would have been go
dissolved, for the purpose Of prosecuting and
defending suits by and against them, and Of
enabling them to gradually settle. and close
their concerns, to dispose of and convey their
property, and to divide their capital stock.
but not for the purpose Of continuing the
business for which such company Is estab-
lished.
2o' And be 1t enacted, That whenever anv
such company is dissolved, as mentioned In
The preceding section, the chancellor, on the