St. Paul daily globe., 1893-05-04


ditions thereof are guaranteed solely by
corporation authorized under its charter, to
guarantee the fidelity of persons holding
places of public or private trust, to guar
antee the performance of contracts. other
than insurance policies, and TO execute and
guarantee bonds and undertakings required
or permitted in actions or proceedings in
law; and whenever any such bond, recog-
niZance, obligation, stipulation or under.
taking is so required to be made, given.
rendered or filed with one surety, or with
two or more Sureties. the execution or the
same, or the guaranteeing of the perform
ance of the conditions thereof shall BE-
sufficient, when executed or guaranteed
solely by such company so authorized, ana
shall be in all respects full and eoInplets
compliance with every requirement or every
law, ordinance, rule or regulation, that such
or stipulation shall be executed or guaran'
teed by one surety, or by two or more
sureties, or that such surehes shall be
residents or houSeholderS or freehOlders OF
both, and any and all heads of separt-
ments. courts, judges, boards and muni-
cipalities, and any and all public officers
duty it may be, or shall hereafter be, to
accept or approve the suficiency OF any
such bond, recognizance obligation stipu-
latiOn or undertaking, may accept and ap-
prove the same, when executed or guaran-
teed, solely by such company, and all such
corporations are hereby vested with full
power and authority to execute and guar
antee such bonds, reeognizances, stipula'
tions, obligations or undertakings, whether
given under the laws of this state of of the
United States or of any state or country
The certificate of the commissioner of in
surance of this state. to the effect that II
appears to his satisfaction, from sufficient
evidence on file in his office, that the COM
pany, corporation or association executing
any such bond as surety thereon, or as
guarantor thereof has furnished the same
security which is required by law, or regu-
latiOns of mis- department. OF life Insurance.
companies under the provisions of sections
three hundred aud ffty-fve to section
three hundred and fifty eight inclusive, OF
chapter thirty-fOur of the general statutes
of eighteen hundred aud seventy eight,
which provision, so far as the same can
reasonably apply, are hereby made appli.
cable to all companies, corporations and
associations affected by this act. and such
sureties shall not he accepted or approved.
unless such certificate is produced, or =
duly certified copy thereof is produced and
filed with the officer, board or party ap-
proving the same
Sec. .. Any receiver, assignee, trustee,
committee, guardian. executor or admins
traitor other fiduciary required by law
to give bonds as such, may include as
part of his lawful expenses, such reason
able sum paid such 9 company for such
suretyship not exceeding one per centum
per annum. on the amount of said bond,
az the head of department court, Judge or
officer by whom, or the court or body nv
which he was appointed, allows and in all
actions or proceedings. the party entitled
to recover costs may include therein such
reasonable sum as may have been paid
Stcn company Tor executing or guarantee"
ing any bond or undertaking therein.
Sec g. Anv company executing such
bond. recoguizance, obligation, stipulation
or undertaking. and any such surety may
! be released from its liability on the Same
/ terms and conditions as are or may be by
| law prescribed, for the release OF ind-
VidUals upOn such bond, recognizance obi-
| CATION. stimulation or undertaking; II being
| the true intent and meaning of this act
! to enable corporations created for the pur-
! pose to become surety on bonds, recog
| nizances. obligations or undertakings re-
! Guired hy law, municipa or otherwise or
! the rules and regulations of any court,
! judge. board, city charter, village, town
| organization or otherwise.
! Sec. 4. ANY company which shall execute
! any bond, TecOgniZance, obligation. stipula.
tion or undertaking as surety under the
| provisions Of this act, shall be estonned
| in any proceeding to enforce the liability
which it shall have assumed to incur. to
deny it's corporate power to execute such
| instrument or assume such liability.
| See. ;. All acts and parts OF acts incon.
Sec g. This act shall take effect and be
in force from and after its passage.
| Approved April Is, 1893.
CHAPTER 43-H. F. 152.
AN ACT TO enable corporations incor.
sia egisIature re- Of Minnesota MINI 10 alter thcif
| powers and organizations in certain re-
| snects Approved March II. 1898.
Allows such to change the number ot
| directors, to increase or diminish the cabital
stock or the number OF shares thereof, OF
10 FIX the par value at 500 hy resolution
| Of directors and the publication and filing
| Of the same in accordance with title ons
Of chapter thirty-four of the general stat
utes.
CHAPTER As r. 437
AN ACT regulating certain kinds Of In
surance in this state. Approved April is
1893
plan known as Tloyds or individual
| underwriters to transact business. after
reporting to the insurance commissioner.
CHAPTER 45-H. f. 431.
| AN ACT to define who are entitled to
stock certificates of what they are evil
| dence and to provide for their renewal
when worn out lost. damaged or de-
stroyed. Approved April 8. 1893
Provides that in corporations Issuing GER
tiicates of stock, when fees and dues are
paid to such corporatol,, the owner OF
such shares shall be enStied to certif'
cate, and the same shall be prima facif
! evidence of such ownership. In case Of
such certificate being worn and destroyed
| the owner is to have new certihcato
| under proper restrictions.
CHAPTER 46-H. #. B.
| AN ACT to provide for the incorporation
of clearing house associations. Approved
March 4. 1893.
Any number Of persons or banking cor.
poratiOns not less than three may indorpo:
! rate for the purpose Of establishing and
| conducting clearing house associations Tor
the purpose OF eRectlng at one place tho
|
settlements and adjustments between banks
and banking associations
CHAPTER 47-H F. 900
AN ACT 10 enable benevolent, charitabls
or missionary association to authorize an
other corporation TO elect a portion OF itt
trustees. directors or managers. Approved
April 19. 1893.
CHAPTER 4S-H. +. 1T.
AN ACT relating To RELIGIOUS corporations.
| Approved April II. 1893
Legalzes cOrporations which have failed
to fully comply with section two OF tho
act in fling their articles, and confirming
all acts, rights and privileges exercised.
CHAPTER 40-S. f. 1874
AN ACT to legaliZe in certain eases pro-
ceedings for extending the neriod OF cor
porate existence. Approved April 10, 1898.
CHAPTER 50-H. r. 221.
AN ACT to cure certain Irregularities in the
organization Of private corporations. nm
der the general laws of this state APP
nroved April IS. 1893.
Legalizcs corporations acting in good
faith having published their articles ir-
regularly
CHAPTER 51-H F. IT,
AN ACT to provide for change OF veaIs
counties having more than one municipal
court. Approved February IT, 1899.
| Provides for a change from one municipal
c Iurt to the nearest other municipal court
in the same county.
CHAPTER 52-S f. 100.
| AN ACT In reference to the place OF trial
Of actions brought upon recognizance in
criminal prosecutions.
Be it enacted by the Legislature of tue
State of Minnesota
Section l. All actions for the recovery
of any penalty brought against a principal
o. surety in any, recognizance entered Into
criminal prosecution in any of the courts
In this state. shall be brought and tried
ia the county in which the action or pro-
ceGding in which such recognizance. IS
taken, is pending, unless the court shall
for cause other than the place OF resi-
deLce of the defendants change the place
of trial of said action to any other county
as now provided by law.