The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1893-05-04

nnhno n otfao VI uepartneht, court, judge,
I bond, recognizance, obligation, stipulation
| or undertaking. and approve the same when
| d!tfons thereof are guaranteed solely by a
| corporation authorized under it's charter, to
guarantee the fidelity. Of persons holding
places or public or private trust; to guar
| antee the performance of contracts, other
| than insurance policies, and to execute and
guarantee bonds and undertakings required
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 of the
same same or the guaranteeing of the perform
sufficient, when executed or guaranteed
solely by such company SO authorized. and
compliance with every requirement Of every
| law, ordinance, rule or regulation. that such
pond, INCREASING, recogAizance, obligation
teed by one surety. or by two or more
sureties. or that such sureties shall be
residents or householders or freehoders o.
! mentS. courts. judges, boards and NUM-
cipalities, and any and all public officers.
dntv +, county town s or municipal who's.
| accept or approve the suttciency of any
such bond, recognizance, obligation, stipu.
! lation or undertaking, may accept and an.
! prove the same. when executed, or guaran.
! teed. solely by such company. and all such
corporations are hereby vested with full
|
! antee such bonds, recognlzances, stpula.
| tons, 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
snranre OF I'M stats to the effect that II
| evidence on file in his Office that the com.
pany. corporation or association executing
any such bond as surety thereon or az
| guarantor thereof has furnished the same
| security which is required by law or regu.
lations OF his department of life insurance
companies, under the provisions OF sections
| three hundred and fifty-five to section
three hundred and fifty-eight. inclusive OF
chapter thirty, four of the general statutes
Of eighteen hundred and seventy. cight,
reasonably apply. are hereby made appli.
cable to all Companies, corporations and
! sureties shall not be accepted or approved.
unless such certificate is produced. or a
flied with the officer. board or party np.
proving the same.
Sec: ?: ANY receiver. assignee, trustee.
| traitor or other fiduciary required by law
to give bonds as such. may include as
part Of his lawful expenses: such reason
| suretyshn not exceeding one per ccntum
per annum. on the amount OF said bond
az the he head Of depnrtmnent court Judge or
| 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
such company for executing or guarantee.
ing any bond or undertaking therein.
bond, rccognizancc, obligation, stipulation
or undertaking. and any such surety may
be released from its liability on the same
! law prescribed. for the release of indi-
viduals unon such bond, reroenizance. obli-
cation. stipulation or undertaking; it being
| to enable generations created for the pur-
pose to become srrety on bonds: recoe
nurcd hy law, municinal or otherwise
the the rules end r"cnlntions Of any court.
! organization or otherwise.
| Scc: 4. ANY oomnany which shall execute
any bond, rccosnizanc". obligation. stipnla.
ton or undertaking rs surety under tho
in any proceeding to enforce the liability
which it shall have assumed to incur. to
| d"nv It's corporate rover to execute such
| Instrument or assume such liability.
| Sec. s. MI nets and parts Of nets inron-
sistent with this act ire hereby repealed.
in force from nn1 aftcr its passage
Approved April 49, 1899.
CHAPTER 43-II. T. 15o
ror"to1 by or under special acts Of tho
1cris'atnr" of Minnesota to alter their
And TatG in ,so CERTAIN re-
:, Allows snch to change thu" number IT
directors to ncr"nso or diminish tho capital
to FIX tho nor val"c at 500. hv 1 rcsol"iion
OF directors and tho ruh|lcntion and filing
! OF tho snmr in "r"nr''Hn'c with title ono
Of chapter thirtyfour of the general stat.
CHAPTER As r. 437.
| AN ACT rcGn'atrg certain kinds Of in.
s snranc in this state. Approved April 1s
Authorizes associations formed upon the
n,an known as L;"yds or individual
| reporting to tho insurance commissioner.
| CHAPTER 4S-H F. 431
AN ACT to define who are entitled to
stock nd @" w9et they are EVIL
! when worn ont. lost. damaged de.
Stroyed. Annrovcd Anlt $: 1893
tifcatcs OF stock, when fees and dues are
| paid to slch corporation. the owner OF
such shares, shall be entitled to a certid.
| cate. and tho some shall he prma facie
| evidence Of such ownership. Tn case OF
such certificate hrine worn and DESTROYED
| under proper restrictions.
CHAPTER 4G-!I. f. 8
AN ACT to provide for the incorporation
Of clearing house associations Approved
Amy number Of persons or banking cor
| porattons not less than three may incorpo:
rate, for the purpose OF establishing and
| the purpose of cffrrting at one place the
sneedy and systematic daily, exchanges.
settlements and adjustments between banks
and banking associations
| CHAPTER All. F. 90o
AN ACT to enable benevolent. charitable
or missionary association to authorize an.
other corporation to elect portion Of its
trustees: directors or managers. Approved
| April 49, 1893.
| CHAPTER 4s-H T. IT.
AN Ar'ri relating to religious corporations.
Apnrovcd ApviI II. 1898
| LecaliZes cornora'inns which have failed
to fully comply with section two Of this
| act in filing their articles and confirming
all acts. rights and privileges exercised
CHAPTER 40-S. f. 1874
AN ACT to- lega lizc In certain cases pro.
ccetlinss for extending tho period OF cor.
porate existence: Annroved Acril 20, 1893.
! CHAPTER 5n-H r. 2o1.
! AN ACT to cure certain Irregularities in the
organization Of private corDcratlons I'm.
nr e lays ,so: of this state APP
faith. having published their articles If.
| regularly.
CHAPTER 51-H. r. II.
in civil actioHs in municipal courts. in
counties having more than one municipal
court Approved February II, 1893.
Provides for 4 change from one municipal
c ,urt to the nearest other municipal court
in the same county.
CHAPTER 5o-S. F. 100
AN ACT in reference to the place Of trial
of actions brought upon recognizance in
or: nina! prosecutions
Be it enacted by the Legislature Of the
Section l. Al! actions fer the recovery
OF any penalty brought against principal
o. surety in any recognizance entered into
either by party or a witness in any
in this state. shall be brought and tried
in the county in which the action or pro.
cesding in which such recognizance is
for cause other tlrnn the place Of resi-.
dnLce of the defendants change the place