The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1892-07-06
CHAPTER LxXx1x.

Further Supplement to act entitled IAN act
concerning corporations, approved April seventh,
one thousand eight hundred and seventy
|. BE II enacted by the Senate and General AS
sembly of the State of New Jersey, That whenever
any company Incorporated under the laws of this
state of the United States if located and existing
in this state, shall have refused to issue new Ger,
hcate of stock IN place Of one heretofore issued by
IT, OF by any corporation of which 1t is the lawful
successor, but which is alleged to have been lost or
destroyed, the owner of such lost or destroyed
ubeaie. or his legal representatives, may apply to
TO the circuit court of the county in which the prn
cpal Office of said company is located for an order
requiring such corporation to show cause why il
should not be required to issue certificate of
stock in place of the one so lost destroyed such
application shall be by petition, duly verified by the
owner in which shall be stated the of the cor
poration the number and date of the certificate, if
known, or can be ascerained by the petitioner, the
number of shares of stock named therein and to
whom issued and as particular statement of the
circumstances attending such loss destruction as
such petitioner shall be able to gives upon the pre-
sentalI0n OF said petition said court shall make an
order requiring said corporation to show cause, at
time and place therein mentioned why it should
not be required to issue new certificate of stock in
place of the one described in said petition n copy
Of said petition and of said order shall be served
upon the president other head of such corpora
uon or on the cashier, secretary or trcasurur there
of, personally, at least ten days before the time
designated in said order for showing cause.
,. And be il enacted That at the time and place
specified in said order, ana on proof OF due service
thereof the said court shall proceed In summary
monner and in such mode as il may deem advisable
to inquire into the truth the facts stated in said
petition and shall hear such proofs and allegations
may be offered by in behalf OF the petitioner
by in behalf of said corporation other party
relative to the subiect-mater of said inquiry, and
IL, upon such inquiry, said court shall be satisfied
that such petitioner is the lawful owner OF the num-
Der OF shares OF the capital stock, any part there
of, described in said petition and that the certif-
cate therefor has been lost destroyed, and cannot
afer due diligence be found, and that no sufficient
cause has been shown why new certificate should
not be issued in place thereof II shall make an
order requiring said corporation or other party,
issue and deliver TO such petitioner new certificate
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 have been lost destroyed in making
such order the court shall direct that said petitioner
deposit such security, or file such bond in such
form and with such sureies to the court shall ap-
pear sufficient to indemnify any person other than
the petitioner who shall thereafter appear to be the
lawful owner of such certificate stated 10 be lost or
stolen; and the court may also direct the publiea-
ton Of such notice. either proceeding or succeeding
the making of such final ORDER as ii shall deem
proper; any person persons who shall thereafter
claim any rights under said certificate so alleged to
have been lost destroyed shall have recourse to
said indemnity, and the said corporation shall be
discharged of and from all liability to such person
or persons by reason Of compliance with the order
aforesaid and obedience to said order may be en-
forced by said court by attachments against the Off
officers of such corporation. proof of his or
their refusal to comply with the same.
3. And be it enacted, That this act shall take
effect Immediately.
Approved March %, 1892.