The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1880-08-20
FOREIGN INTERPRETATIONS.


Certain and divers foreign interpretations
doing business In this Territory are liable
70 get themselves into trouble. An act Of
the Montana Legislature, approved July
%, 1879, requi Tres certain things to DO pet
formed by them. and those certain things
are assiduously neglected by very large
number of companies. The penalties Of
this neglect are sufficiently heavy to make
1t matter Of interest. This Law has been
officially published by the Territory of
Montana, but that foreign corporations may
not have the non-lcgal excuse OF ignorance
we herewith republish the law which APP
plies to all foreign interpretations. Insur-
ance companies, especially, have neglected
these requirements and Agents will do
we'll to give attention ut once as District
Attorn eys will take action If it is neglect
ed:
An ACT CONCERNING FOREIGN INTERPRETATIONS.
Be 1t enacted by the Legislative Assembly Of the
Territory of Montana.
Section /. That all foreign interpretations
or joint stock companies organized under
staes by virtue OF any special act acts of the
Legislative bly, OF any such State Territory,
or of any foreign government SHALL before doing
business of any kind, nature description whatever
within this Territory, file in the Office OF the Secreta
ry Of the Territory and In the Office of the County
Recorder of the county wherein they intend
act carry business duly authenticated copy Of
their charter certificate of incorporation. and also
statement to be verified by the oath Of the President
and Secretary of such Incorporation and atteeted BY
majority of its board of directors, showing
First-The name OF such corporation and the loca-
tion of Its principal office or place Of business without
this Territory; and II 1t Is to have any place Of bust
principal Office within the Territory the loca-
tion thereof.
Second-The amount of Its capital stock.
Third-The amount of Its capital stock actually
paid In money.
Fourth-The amount Of Its capital stock paid In any
other way, and IN what.
Fifth-The amount Of the assets of the incorpora-
tion and Of what the consist with the actual
cash value thereof.
Sixth-The liabilities of such incorporation and IL
any Of it's Indebtedness Is secured how secured and
upon what property.
Such incorporation JOIN stock company shall
also file at the same time and In the same offices
certificate under seal of the corporation and the sig
nature Of its President Vice President or other act
ing head ana Its Secretary, If there be one certifying
that the said corporation has consented to be sued In
the courts of this Territory upon all OF action
arising against 1t In this Territory and that service
of process may be made upon some person citizen
of this Territory whose and place of residence
shall be designated In such certificate and that pro-
cess when served upon such agent shall be taken.
he'll tn ha yaiia tn all Ipta md mn
poses rs IL served upon the company the State
Territory under the laws OF which 1t 10 Organized.
Sec .. The written consent of the person 80 desig
mated to such agent shall also be filed IN like
manner and such designation shall remain In force
until the ding of written revocation thereof. of
the consent, executed in like manner. The persou
designated may from time to time change his place
OF residence or Office 20 some other place within the
Territory by writing executed and filed by him In
like manner. An exempihed copy of designation 40
fled accompanied with a certificate that 1t has not
been revoked. 10 presumptve evidence of the execu-
ton thereof and conclusive evidence OF the authority
of the officer executing 1t.
Sec. 2. All foreign interpretations now doing bust
within this Territory SHALL within four months
after the publication of this act In the newspaper
having the contract to do the public printing In this
Territory file In the office Of the Secretary and In the
Office of the County Recorder OF the county wherein
they respectively doing business the statement
and certificate required to be filed by the ert section
Of this act II any such corporation shall fail tor
more than four months from the said publication
30 to file said statements and certificates or any or
either thereof II any foreign interpretations shall
hereafter attempt commence to do business this
Territory without having Hrst filed said statements
and certificates required by this act it'll shall forfeit
tn fha of tba nf fan ola far
every day 1t shall neglect to le the same and all
acts and contracts made by such Incorporation. any
agent agents thereof, during the time 1t shall
fail and neglect to file said statement certificates,
shall be void and invalid to such Incorporation. IL
shall be the duty of the District Attorney Of this
y In In which the business Of such corporation shall
be located to for and recover In the name of the
people Of the Territory. the penalty above provided
and the same when 30 recovered shall be paid
into the Treasury of such county for the Of the
common schools therein.
Sea- Every Incorporation shsI. annually, and
and within twenty days from the first day OF Septem-
Der Of each year. make a report which shall be in the
same form and contain the same information as re-
quired the statement mentioned In the first section
OF this act. which report shall be filed In the Office
Of the County Recorder Of the county wherein the
business OF said corporation liz carried on and du-
Pill thereof In the Office of the Secretary Of the
Territory.
Sect D. That Sections forty-sx and forty seven Of
chapter eighteen Of act entitled An act revising
re-enactng and codifying the general and permanent
laws of Montana" approved January u, 1s72," and
all acts and parts of acts In conflict herewith be- and
the same are hereby repealed.
Sec. 0. This act shall take effect and be In force
from and after its passage.
Approved July ~. 1870.