The Superior times. [volume] (Superior, Wis.) 1870-1912, 1875-04-17
CHAPTER 329.

The people Of the State of Wisconsin, represented
II Senate and Assembly. do enact as follows;
Section l. Whenever an action shall be brought
IN the supreme or circuit court by the attorney
general III the OF the state for the purpose of
vacatlng the charter or annulling the existence Of
corporation, the summons shall be served person
ally upon some officer of the corporation named as
defendant therein, if to be found within the state
Such service may be made by the sheriff of any
coInty Within this state. If any sheriff 10 whom any
such summons shall be delivered for service shall
make return thereon that officer Of such corpora
tfon can. after due diligence, be found within this
safe and SHAH NeTli! such return by his affidavit
the attorney general shah copy of such sum
mons TO be published in the official state paper or
some daily newspaper printed and published In the
city Of Madison once IN each week for four ~
cessiYe weeks, and upon fling such proof of such
publication a. i required BY subdivision three t3'
Of section thirteen ,I3 OF chapter one hundred and
twentyfoJJr l24l Of the revised statutes, with the
clerk of the court ia which the action is brought the
service OF the summons shall be deemed complete
and the court shall proceed as though personal SER
vice had been duly made upon such corporation.
Sec. , If 1t shall DE adiudged that a corporation
against which Il action shall have been brought
has by neglect abuse. surrender forfeited its
corporate right privileges or franchises, Judgment
shah &c render d that the corporation be- excluded
from such corporate rights, privileges and fran
chises, and that the corporation he dissolved and
thereupou the afairs OF such corporation shall be
wound up by under the direction Of a receiver
to be appointed by the circuit court and its property
sold and converted into money and the proceeds.
after paying the costs and expenses OF the receiver
ship aud proceedings shall be paid and distributed
ment Of taxes and debts due TO the United States.
he State OF Wisconsin and any county, city, town,
OF NliaSe therein; md. Legal and equitable hens
dpon the property Of said corporation in their order
81 priority, Sd. The jGst debts OF sush corpora
ton salAble which liens ana debts shan be ascer-
tanned by said court upon such notice and in such
manner a. II snail prescribe; 4th The rest and
due OF such moneys shall be distributed among the
stockholders OF such corporation
Sec. 5. II such sction shall h. pending in The cir
Cui; court, then such receiver shall be appointed in
aud by the Judgment Of dissolution. or by subse-
quent order founded thereon If II shan be pending
II the supreme court, then Il shall be the duty OF
the attorney general forthwith to commence an ac
ton ia the proper circuit for the appointment OF
such receiver and the winding up Of the affairs Of
such corporation AID after such Judgment Of isso-
luton tse corporation shall exist until receiver
shah be appointed, and until he shall r. qualified
and duly invested with the property OF said corpo
rAtlou, but such corporation shall not after such
Judgment Of dissolution, be able to do any other act
than 20 make is assets to such receiver as shall
oe appointed pursuant - the provisions OF this act
Sec. 4. The provisions Of this shall 50 far as
they relate 20 the distribution Of property Of the
corporations aud actions - appoint receivers