The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1875-04-22
Published March %, 1875. !
CHAPTER 800.

AN ACT concerning corporations.
The people of the State of Wisconsin, repre-
sented in Senate and Assembly, do enact as
SECTION 1. Whenever an action shall be
brought in the Supreme OF Circuit Court by the
Attorney General, in the name of the State, for
the purpose of vacating the charter annulling
the existence of corporation, the summons shall
be served personally upon some officer OF the
corporation named as defendant therein, II to be
found within the State. Such service may
be made by the Sheriff of any county
within this State. If any Sheriff to
| whom any such summons shal be delivered
for service shall make return thereon that no
officer of such corporation can, after due dill
gence be found within this State and shall verify
such return by his affidavit, the Attorney General
| shall cause a copy of such summons to be pub
| lished in the official State paper or some daily
| newspaper printed and published in the city OF
Madison once in each week for four az successive
weeks, and upon filing such proof Of such pubica-
ton is required by subdivision three 3 OF Sec.
! thirteen O3) Of Chap. one hundred and twenty
four (24) of the Revised Statutes with the Clerk
of the court in which the action is brought the
\ service Of the summons shall be deemed COM
| pete and the court shall proceed as though per
sonal service had been duly made upon such cor
SEC 3 fit shall be adjudged that a corpora
| ton against which an action shall have been
brought has by neglect, abuse OF surrender for
feited its corporate rights privileges or franchises
| Judgment shall be rendered that the corporation
\ be excluded from such corporate rights, privl-
leges and franchises, and that the corporation be
dissolved and thereupon the affairs of such cor
poration shall be wound up by and under the
! direction of a receiver, to be appointed by the
Circuit Court, and lite property sold and converted
| into money and the proceeds, after paving the
| costs and expenses Of the receiyership
and proceedings, shall be paid and dis
! tributed in the following order, TO wit: list
For the payment of taxes and debts due to the
| United States, the State of Wisconsin and any
| county, city, town or village therein; I'd Legal
and equitable liens upon the property Of said cor
poration in their order of priority; 3D. The just
debts OF such corporation liable, which liens and
debts shall be ascertained by said court upon such
| notice and such manner az it shall prescribe
4th. The rest and residue of such moneys shall be
| distributed among the stockholders of such cor
| poration.
1 SEC. 8. If such action shall be pending in the
Circuit Court then such receiver shall be appointed
! in and by the Judgment of dissolution. or by sub
| sequent order founded thereon N.it shall bs
pending in the Supreme Court then it shall be
| the duty of the Attorney General forthwith tc
commence an action in the proper circuit for tht
| appointment of such receiver and the winding nj
of the affairs of such corporation and after suet
Judgment OF dissolution the corporation shall ex
| ist until receiver shall be SO appointed and IN
| til he shall be qualified and duly invested will
| the property OF said corporation, but such corpo
| ration shall not, after such judgment of dissolu
| ton, be able to do any other act than to make
| over it's assets to such receiver ae shall be ap
| pointed pursuant to the provisions of this act.
SEC. 4. The provisions OF this act shall, so fal
as they relate 10 the distribution of property o
\ the corporation and actions 10 appoint receivers
| therefor apply to any corporation against which
| ton whose charter has been or may hereafter b,
| repealed by the act OF the Legislature or other
1 wise annulled thereby.
SEC. S. All acts or parts Of acts 90 far as the,
contrayene the provisions Of this act are hereb,
| repealed.
SEC. g. This act shall take effect and be in forc'
from and after its passage and publication,
| Approved March 5, 1875. rcOPY.