St. Paul daily globe., 1889-05-07

thirty-four (3D of the General Statutes
one thousand eight hundred ane seventy
eight Qs7s) relating to corporations.
SECTION /. Section one hundred twelve
q12l Of chapter thirty-four l3Q OF the Gen,
| ktal Statutes of one thousand eight hundred
anne amenSed by chapter ififty-seven 80 Of the
| General Laws of one thousand eight hun
| dred ana eighty-one (16SD as the same Is
| amended by chapter four ~ OF the General
Laws Of one thousand eight hundred and
| to read as follows:
| Sec. liz. The amount Of capital stock in
any such corporation shall in no case be less
| than ten thousand dollars ($1O, 600. .0O) and
two dollars 5000 nor more than one
| hundred dollars (S1OO OU) each; except that
the capital stock Of mutual building and loan
| associations may be divided into shares of
| TWO hundred dollars ($200.0O) each; and
| the capital stock and number Of shares may
| be increased at any regular or special meet
| Ing of the stockholders.
SEC. 2. This act shall take effect and be in
force from and after passage.
Approved April "a, 1853.
H. ?. No. 6Oo.-AN ACT to amend chapter
one hundred and seven QO7) general laws
Of one thousand eight hundred and eighty
three (18s3), entitled IAN act to author.
Ire the organization and Incorporation Of
annuity, safe deposit. and trust compa-
MES"
Be It enacted by the Legislature of the State
Of Minnesota:
SECTION l. That section three (9 and Sec
and seven .107), as amended by sections (0
and tour a. of chapter three (3) of the Gem
eral Laws OF one thonsand eight hundred
and eighty-fve QSe5) be, and the same is
ohryo lnH hv@p p$,ilv tbo unrdS
1.-TWO hundred thousand dollars" wherever
the same occur, and inserting in place there
Of the words: lone hundred thousand dol
lars" and by striking out the words "One-
inserting In place thereof the words One
Sec. ). That section three. .ls) Of said chap.
ter one hundred and seven UO7l ss amended
by section three, chapter 81. Of the General
eighty-fve QsS5) be and is hereby amended
by adding to the said section the following
words: "and any such corporation having
larger deposit with the state auditor than one
hundred thousand dollars (S100, ,oO0l shall
be allowed at any time hereafter to Withdraw
its deposit in excess Of said sum, provided
its whole deposit shall at no time be less
than one eighth Gs( Of its capital stock.
SEC. 3. This act shall take effect and be in
force from and after its passage.
Approved April o. 1889.
1O3.
Il. r. No 67O-AN ACT to amend title
one ~ of chapter thirty four (34) Of the
general statutes one thousand eight hun
ared and seventy-eight, relation to CORPORA
tons.
Be it enacted by the Legislature Of the
State of Minnesota:
SECTION 1. That section one ~ Of title O
one Of chapter thirty four (34) of the general
statutes of 1873 be and the same is hereby
amended by inserting before the word ''navi
CATION" in the fourth line Of said section. the
words ''or other"
thirty-four (34) be further amended by
adding thereto the following: Any corpora
ton formed under this title in whole or in
part for the Improvement OF any stream and
driving logs therein, or for holding or hand
ling logs therein which shall have taken
prior possession Of such stream, or any con-
siderable portion thereof, upon which por-
ton no other person or corporation has
erected any dams or other Improvements,
and which may have need OF Improvement
for that purpose, shall have power to i'm.
prove such streams and its tributaries by
clearing and straightening the channels
thereof, closing sloughs, erecting sluice ways,
booms of all kinds. side rolling, sluicing and
flooding dams or otherwise II necessary but
shall In no case, in any manner materially
obstruct or impede navigation upon such
stream or erect any dam or other Obstruc-
ton below the head of steam boat naviga-
improve stream and SO keep in repair, and
operate its works so as to render driving logs
thereon reasonably practicable and certain,
may charge and collect reasonable and uni
form tolls upon all logs, lumber and timber
driven, sluiced or foated on the same, and
may take possession of all logs put into such
stream or upon rollways, so as to impede
the drive when the owners thereof or their
adequately provided with men, teams and
tools for breaking the roll-ways and driving
such logs in season for making a thorough
drive down such stream without hindering
the main drive: and shall also, at the request
Of the owner of any logs and timber putinto
said streams. take charge Of the same, and
drive the same down and out Of such stream
OF down such stream SO far as their improve
ments may extend. and charge and collect
therefor of the owner or party controlling
said logs and timber, reasonable charges and
expenses for such services. And such cor
poration shall for all such tolls costs and ex-
penses have lien on the logs for which
same was incurred, and may seize, in
TENT amount thereof to pay the same. and make
sale thereof. upon giving ten days notice in
the manner provided for notifying sales on
execution upon the judgment of justice Of
the peace, or may enforce such liens as other
liens are enforced by proper proceedings for
that purpose, or may ask, demand, sue for
collect and receive from the owner or owners
Of such logs the amount due for any such
to prevent the use or enjoyment of any such
Improvement. or abate any such dam neces-
sary thereto unless such corporation shall
fail for sixty (6O) days after Judgment, from
which no appeal has been taken. to pay any
damages recovered for any injury done by or
in consequence of its works. Any corpora
ton formed for the Improvement OF a stream,
which Is in whole or in part boundary be-
tween this and an adjoining state, and
authorized to drivelogs or maintain booms or
dams in such stream, shall have authosity to
purchase and hold stock In corporation or
corporations in such adjoining state created
for similar purposes upon the same stream
or to consolidate OF otherwise unite with such
corporation or corporations in such adjoin-
corporation in this state is organized can be
better affected thereby. Provided, that no
such purchase or consolidation or other
union shall be made without the assent of
holders of two-thirds of the capital stock of
such first named company. Provided, that
! all dams and other Tesks srected under the
authority given by this act shall be SO con-
structed used and operated as to facilitate
and expedite the driving and handling logs
and lumber upon the stream upon which the
same may be erected, and the corporation
making such Improvements hereunder shall
have no right to stop logs destined for poi9ts
below its works on said stream, except where
| dams have been constructed to accumulate
water for sluicing logs and flushing the river
| detain logs in any part Of the river SO as to
| form jamb or prevent the prompt delivery
| OF logs destined for points below the works
| constructed under authority Of this act
SEC. 3. The provisions OF this act shall ap-
| ply as well to corporations heretofore organ
| lied for the purposes specified In section two
| ~ Of this act as to those hereafter organized
| far ay1ch