River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1874-04-24

Notary Public for said County.
Section ~. All laws aud parts uf laws conflicting
with the provisions of this act are for the purposes
Of this act only, hereby repealed.
Section II. This act shall take effect and be IN
force from and after its passage and publication.
Approved March Il, 1874
Published March I, 1ST4l
CHAPTER 1l3.
AE Acr TO orgaiiize corporations for general pur-
poser.
The people of the state Of Wisconsin, represented
in senate aud assembly, do enact as follows:
Section l. Five or more adult persons living in
any county OF this state may organize themselves
into an association or corporation for or more
or all Of the following purposes to carry the fol-
lowing business The mercantile, manufacturing,
numbering, transportation, shipping. commission,
elevator warehouse business, ar the business
of loanlug money on securities otherwise deal
ing IA all kinds of property by buying, selling or
exchanging the same, the Business OF buying
building dwelling houses aud buildings Of all
kinds and in selling, exchanging, leasing rent
ing the same, the business of insurance of any
kind among the members of such CORPORATION,
and to carry pn any aher lawful trade or business
provide for the mutual sppJrt ~ its members, in
case Of sickness or poverty, to establish ana Inah
tain hospitals or other institutions for the educa-
ton or maintenance OF orphan children, and for
the and relief of the sick infrm or the home
less, and for any other charitable purpose.
Section Any such corporation or association
organized ih conformity with the provisions Of this
act, shall be body polite and corporate, under
such name which SAID corporation may adopt, and
may have a common seal, and alter, break aud re-
new the same al pleasure shall have the power and
right to acquire hold and possess, by gift devise,
grant, purchase or otherwise, both real and per-
soual property, and SELL lease mortgage or other
wise dispose Of the same at pleasure. such cor
rJfatiUn shall have the right to contract and be
contracted with, aud 10 ste ana he EHed. to plead
and be impleaded with, TO answer afid 20 Ne su-
sWered to IN all courts and places to borrow and
loan money, to give take notes, bonds, mort
gag,s other evidences of indebtedness, and to
do an things necessary 10 BE- done TO carry out the
object aud purposes Of its incorporation under the
provisions 81 this act
Sectinh =. Tie persohs 80 organizing such cor
poration shall make aud ADOPT aftities IF assscis-
ton in writing which articles shall contain: /.
The name, location and purpose of such corpora
ton, and It's capital stock which shall not exceed
the sum OF one hundred thousand dollars q The
designation Of the general officers of such corpora
ton. =, The main duties conferred upon such
general officers Of surh corporation. 4. The method
OF accepting, dschafgitg Cr espelling members OF
such corporation. 5. Tney may also Incorporate ia
such articles OF assertion they may see 1T such
other provisions or articles as they may deem for
the interest Of such corporation, and TO carry out
Its purposes and objects incorporated under this
act, and not inconsistent or in conflict Herewith.
teetlon I. Tive articles Of association so made
aud adopted shall be signed hy tie Prisons 81
forming such corporation, and cory thereof, YER
Tied under oath, by two Of the persons signing the
same, as being a true copy Of the original articles
Of association, shall be recorded IN the Office of the
register Of deeds II the county in which the same
Is located, IA book TO he kept for the record of
the like or similar instruments, and upon such
serihed copy the register shall indorse the time of
the receiving ot the same and the book, page on
aud ~ which tbe same il recorded such verified
etpt 80 recorded Cr e ectfinC1 Copy ri such articles
from such records shall bc Vrma facie evidetlce in
all courts and piacesof the organization Of such
section S. such corporation may adopt code
81 bylaws, alter, amend or expunge the same or
/ any Part thereof. subject 70 any limitation con-
tanned m the ariiclcs Of association, AS by them
4 adopted which -hmc shall contain, how altered
alnen1ed or rXpuhgedi snd hy such h,-lawH pre-
Fttlht Inc duties aud powers nl such general nfh-
GERS, ann other officers, agents and employees
sush CORPORATION, GO fix their cOmpe nsation, to
rfaie and cstfll-h such other officers or agents as
may be deemed tnr the Htertst Of such corpora
non me mode aud manner and tliue Cf holding
+ elections, thosS elected, and such other general
fules and regulations as such corporation may
dethl necessary IA order 10 carry out fully the OBJ
leets ana purposes oi such corporation: Provided
tist ANen corporation shall not have the right 10
ed"lt snt lh-lawr rule or regulation inconsistent
Hf ~ tunNt 9Th Boy of the provisions Of this
act, or the articles Of assiciaiifu.
Section Is. Any corporation Oigsuieed under any
IF the provisions ~ this act, may at any time. by
a vote equal to at least one-han OF the number Of
shares held by the stockholders, alter or amend
sfteh srticls az association adopted aud recorded
a prescribed M sectors trgs aud four Of this act
Provided that the process 81 making such altera
ton or amendments shah De conducted ia 3 man
ner prescribed by the articles Of association. II
ueh process b prescribed therein; aud such
amendments shall De IN writing. verified and re-
corded in the samc manner prescribed IN sec
tun thrce ~ Tins act. and shall not change sub
stautally the original purposes Of the corporation.
Section :. Any corporation organized under che
provisions oi this act msy dissolve by a vote equal
q ~ beast oue-hali the number of shares held BY
tht 40, kh5iters ~ such CORPORATION: Provided,
that the prrcoss oi dissolution shall he conducted
IA a manner prescribed m the articles of associa-
ton in said corporation, u said process be pre-
scrib,d therein. resolution setting forth the
fact Of such dissolution, and also statement set
ting forth the number 81 shares of stock held by
the stockholders OF such corporation, she number
Of votes voting for dissolution. aud the date ON
which such dissolution was adopted. shall be-
signed 10y the proper officers, and shall he verified
aud reCor led us prescribed for tho rfying aud
recording Of The articles of association hy section
three 81 this act and after such resolution has been
adopted, .igu,d, ysrined aud recorded. said cor
pofatlnu shall have ceased to exist. except for thu
purpose hereinafter specified
Section = IN cH.p 40 dissolution az ans CORPORA
ton a. prescribed by section l seven u TINS act
the oihN ~ o. the time being thal continue 10 act
a. such, and shall D" deemed the legal administra-
tors of such corporation, tc the purpose Of selling
or dttus'ng oi ANY amt al property real or per-
sonal, which may o, owned by such corporation
and oui ui the proceeds of such -air ur disposal ~
such property, ih' said officers shall FIRST ray an
hdebtvdueH ga Huth turrUrauun. together with the
eests 81 such administration aud shall divide the
residue, t any, amlug Tho stockholders IA pro-
portion to t1r amount N ttl,k owned hy each ui
such ste' khNdrfr OF ugh corporation ~ the time
When TIE resolution az dissolution AZ prUs,ritgd in
tceueu oi ihu act, was adopted, aud after mly
administering such property such ofc,ts shall
cease o. art us such.
Section .. Mut1l support u case Of sieknrss.
death ur distress, .ha only apply in any corpora
ton ofganizri under the att to bona nds memhts
of such corporation.
section in o. shau he tho du1 1i 40 corpora
ITEMS, organized uuder tho provisions ~ mis- at,
70 kpcp correct lnd complete record pt All pgn.
reedings, aud ceprciay ui thr election ~ officers
hut such record mas le Kept u amy other than the
English huguagr. u ~ siaod Va the articles " a..
apeiation adopted. verified and rvCuritd as rro-
Nidod ia sections and 90 this act.
sftiun II. ~ pa any cast the election oi officers
OF any corporation organized under the provisions
Uf this tyt -huud nor hg held goa the day appointed
by the articles ni lstocatou Ui such corporation or
ia shN-laNH, fHr such CiuciIuu. such corporation
shall nol bc DEEMED dissolved thereby bui the
former officers shall continue Co agt III such until
their sugyr>sura shall have hrn elected aud Quail
+, ~, aud siutal elections may ug called ly the
IA ffH of such corporation by Swing public notice
~ least Ten days. ul thc time anil raye when
.ui a. isrc such tp,iinu will he heidi iu ID least
me usN sfaisr published in thv count, where such
.orp5ssi, n i. i0ratHl 90 fhrrr o. ans newspaper
euch county Provided. fhat af'ltlta
# tss.arfHt., Nt ts.Iaua Di tneh corporation may