The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1892-07-09
LAWSO OF NEW JERSEY
lBY A~UTHoRITr.l
PTER. IXxXIx

O1fAE i EN- 4AAAAlA. HUH-
A Further Settlement to an act entitled
AN act concerning corporations" APP
proved April seventh. one thousand
eight hundred aud seventy-five.
l. Be 1t enacted by the Senate and Gem
eral Assembly of the State of New Jersey.
That whenever any company Incorporated
under the laws of this state. or of the
United states, il located aud existing
In this state, shall have refused to
issue a new certificate of stock in place
OF one heretofore issued by IL, or by any
corporation of which it Is the lawful sue
cessor. but which is alleged TO have been
lost or destroyed. the owner of such lost
or destroyed certificate, or his legal repre-
sentatives, may apply to the circuit court
OF the county in which the principal Office
of said company is located for an order
requiring such corp ration to show
cause why it should hot be required to is
cue q new certificate of stock in place of
the one so lost or destroyed. such applica-
ton shall be by petition, duly verified BY
the owner, In which shall be stated the
name OF the corporation, the number and
da.e of the certificate, If known, or can
be ascertained By the petitioner, the num-
Der of shares of stock named therein aud
to whom issued, and as particular a state
ment of the circumstances attending such
loss or destruction as such petitioner shall
be able 10 give; upon the presentation of
said petition said court shall make an
order requiring said corporation to show
cause. at a time and place the eln men
toned. why it should not be required to
issue a new certificate Of stock in place of
the one described in said petition; a copy
of said petition aud of said order shall be
served Upon the president or other head
OF such corporation. or on the cashier, sec
rotary or treasurer thereof, personally, at
least tendays before the time designated
in said order for showing cause.
Q. And be it enacted, That at the time
and place specified in said order, and on
proof of due service thereof, the said
court shall proceed in a man
ner and in such mode as 1t may deem ad-
Wis bic to inquire Into the truth of the
facts stated in laid petition, and shall hear
such proofs aud allegations as may be
offered by or in behalf of the petitioner, or
by or in behalf OF said corporation or other
party, relative to the subject-matter of
said inquiry. and if, Upon such inquiry.
said court shall be satisfied that such Pc
titloner Is The lawful owner of the num-
Der OF shares OF the capital STOCK, or any
part thereof, described In said petition,
and hat the certificate therefor has been
lost or destroyed, and cannot after due
diligence be found. and that no sufficient
cause has been shown why u new certif-
Gale should not be issued in place thereof
1t shall make al order requiring said cor
poration Or other party, within such time
as shall be therein designated, to issue
and deliver to such petitioner q new GER
ti1cale for the number of shares OF the
capital stock of said corporation which
shall be specified In said order as owned
by said petitioner, and the certificate for
which shall nave been lost or destroyed;
in making such order the court shall
dill ect that said petitioner deposit such
security, or file such a bond in such form
and with Il s~ureties as TO the court
shall appear sufficient to indemnify any
person other than the petitioner who
snai thereafter appear to be the lawful
owner of such certifit ate stated to be lost
or stolen: and the court may also direct
the pu blicatlop of such notice, either pre-
ceding or succeeding the making of such
final order as it shall deem proper; any
person or persons who shall thereafter
claim any rights under said certificate so
alleged to ave been lost or DESTROYED,
snail have recours TO said indemnity, and
the said corporation shall be discharged
of and from al liability to such person or
persons by reason OF compliance with the
order aforesaid; and obedience to said
order may be enforced by sail court by
attachments against the officer or officers
of such corporation, on proof Of his or
their refusal to comply with the same.
8. And be 1t enacted, That this act shall
take effect Immediately.
ADDrOveti March 90 1902