The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-14
IN SENATE.
FRIDAY, Feb. -, 1ss5-l0s a. m.

FRIDAY, feD. Is, l6S0-lO a. M.
HoUsE BIS PASSED.
The bill II. r. 74l 70 legalizs the Union
Loan anc Savings Company Of indianapolis,
and all OF. cial acts OF the Board OF Directors,
Icing read The first time, and Cd motion by
Mr.. HilIigsss, who stated that there was
question as TO whether there were q sufficient
number of directors Chosen to fiji the re-
quirements OF the statute, the constitutional
restriction was set aside by yea aud nay
vote, the bill sas read the second time by
ute and the third time By sections, and
finally passed by yeas 30. nays 0.
The bill a r. 90 to legalize the incorpo-
ration of the town Of Amb a, Benton County,
vat PISSED to the final reading under a dis
uersstion OF the constitutional rule, on
motion by Mr. Weir, and passed the Senate
by yeas 81. nays 0.
The bill II. <. 1907 to amend Section
3so5 Of the code. concerning the establish
ment of public Libraries, was read three
tines under the suspension Of the rule By
yea and nsy vote (on motion by Mr.. Foulse,
who explained its provisions would apply to
Richmond only. authorizing the levy of five
instead OF one cent tax and finally passed
" yeas A., nsysO
The bill II. r. 142l 10 amend the act in
cooperating the town of Vernon, Jennings
County, was carried to the third reading
and finally passed, on motion Of Mr. Smith,
OF Jennings, by yeas q, nsys0.
The bill 81. r. 81 to appropriate Sc, 500
Tor building brick barn, completing the
gas works, and building an addition to the
boys kitchen at the Reform School for Bows,
wac fea6 the third time and passed by yeas
50, nays 0.
Onimotion by Ar. Duncan, OF Brown, his
bill Is. 81 concerning tbs beginning and end
ing Of terms CT County Commandments
begin In December TO serve three years, each
three slteEnating-was read the second time.
Mr.. F0ULKE, from the Special Commit
tee thereon, returned Mr.. Hoovers Live
Stock Company Incorporation bill rs. PSI,
r. comn ending the subtitution OF similar
bill II. L. 70l with amendments. He said
the amendments are intended to afford pro-
lection against the ultimate tendency to
drive out the small stock farmer by limiting
such interpretations TO the importation of
foreign blooded stock and breeding there
from. The acquisition OF land is limited to
, 500 acres, with the privilege OF leasing 2 500
acres more, and with the additional right to
lease other lands from year to year. think
il dangerous thing to permit.a large quau-
tity OF land to be owned by a corporation
Then the committee amendments provide
that the company shall not own over . 800
head Of stock. The capital stock not to ex-
coed $4,000. thlnb ~ privileges are suf-
fee. ~ large with these citations, which
will secure stock farmers against dangerous
competition.
The Teprt was concurred in.
Ga his further motion the bill s. 20, as so
amended, wa read the second time.
On motion DE- Mr.. WINTER the rules
were dispensed with, by yea aud nav vote.
and the bill read the third time.
The question being: Shall the bill
psss2'-
Mr.. BAILEY: When the Senate bill was
referred to the Committee on Corporations q
provision was inserted that each stakeholder
and member of such corporation shall be
individually Liable to creditors of the cor
poration to the amount OF unpaid stock sub.
scribed by him. aud for an additional
amount equal to the stock subscribed By
him. think this amendment very impor-
fant. IL is not In the House bill No, 20.
therefore l shall have to vote against il.
Mr.. SMITH, of jay: I don't think that
bill ought TO pass without that provision is
Incorporated in il.
on motion by Mr.. Foulke the DILL was re-
ferred to q Special C0mmitte OF Ose, with
amendment referred to at o'clock.
The motion vas agreed to. and the Presi.
dent pro tenn. (Mr. Magee) appointed Mr..
alley said committee.
Then came recess for dinner.