The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1893-05-11


ever the same is Sexecuted or the con-
dttions thereof are guaranteed solely by q
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
rendered or filed with one surety, or with
two or more sureties, the execution of the
same, or the guaranteeing of the perform
sufficient, when executed or guaranteed
solely by such company so authorized, and
shall be in all respects full and complete
compliance with every requirement of every
law, ordinance, rule or regulation, that such
bond, undertaking, recoslizance, obligation
or stipulation shall be executed or guaran-
seed by one surety by two or re
residents or househOlders or freehOlders or
both, and any and all heads of depart
ments courts, judges boards and NUM-
state county, town or municipal, whose
duty it may be, or shall hereafter be. to
accept or approve the sufficiency of any
such bond. recOgnizance, obligation, stipu-
lation or undertaking. may accept and APP
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. recognizances, 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
snrance of this state. to the effect that it
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-
latiohs of his department. of life insurance
companies, under the provisions of sections
three three ana and to section
chapter thirty-fOur of the general statutes
of eighteen hundred and 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 a
duly certified copy thereof is produced and
filal with the officer, board or party ap-
proving the same.
committee. guardian. executor or admins
TRAITOR or other fiduciary required by law
to give bonds as such. may include as a
part Of his lawful expenses such reason
able sum paid such q company for such
suretyshiD 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 by
which he was appointed. allows: and In all
actions or proceedings. the party entitled
to recover costs may include therein such
such company for executing or guarantee
ing any bond or undertaking therein.
Sec. g. ANY company executing such
bond. recogni71nce. obligation. stipulation
or undertaking. and any snch surety may
be released from its liability on the same
terms and conditions as are or NAV be by
law prescribed. for the release Of indi-
viduals uDon such bond. recognizance. obi
CATION. stipulation or undertaking: II being
the true intent and meaning Of this act
to enable cornorations created for the DUR
hpPnmn
nizances. obligations or undertakings re-
nuired by law. municipal or otherwise or
the rules and regulations Of any court
organization or otherwise.
Sec 4. ANY comnaDy which shall execute
any bond, rerognizance, obligation. stipula-
provisions of this-act. shall be estopped
in any proceeding to enforce the liability
which it shall have assumed to incur. to
denv its corporate rover to execute such
instrument assume such liability.
Sec 3 All acts and parts Of acts incon-
sistent with this act are hereby repealed.
Sec 6. This act shall take effect and be
in force from and nftpr its passage.
Approved Anril 49, 1893.
CHAPTER A3-H. F. 152.
AN ACT to enable corporations ineor-
legislature Of Minnesota TO alter their
powers and organizations in certain re-
snects. Apnroved March II. 1893.
Allows such to change the number Of
stock or the number of shares thereof. or
to fix the par value at 500. nv resolution
Of directors and the publication and filing
Of the same in accordance with title one
If chapter thirty-four Of the general stat
utes.
CHAPTER As. F. 4s7.
AN ACT regulating certain kinds Of in
surance In this state. Approved April ID,
Authorizes associations formed unon tho
plan known as Lloyds or individual
underwriters to transact business, after
reporting TO the insurance commissioner.
CHAPTER 45-H. r. 431.
AN ACT to define who are. entitled to
stock certificates: Of what they are evil
dcnce; and to provide for their renewal
when worn out, lost. damaged or de-
stroyed. Approved April s. 1893.
Provides that in corporations issuing GER
tifcates Of stock. when fees and dues are
paid TO such corporation. the. owner of
such shares shall be entitled to a certifi-
cate. and the same shall be prima facie
evidence of such ownership. In case or
such certificate being worn and destroyed
the owner is to have a new certificate
under proper restrictions.
CHAPTER 4G-H. F. g.
AN ACT to provide for the incorporation
Of clearing house associations, Approved
Any number Of persons or banking cor
porations not less than three may incorpo-
conducting clearing house associations, for
the purpose Of effecting at one place the
speedy and systematic daily exchanges
settlements ald adjustments between banks
and banking associations
CHAPTER 47-H. r. 200.
AN ACT to enable benevolent charitable
or missionary association to authorize an
other corporation to elect a portion Of it's
trustees directors or managers. Approved
April IS. 1893.
CHAPTER 4s-H. r. 1T.
AN ACT relating to religious corporations.
Approved April Il. 1893;
to fully comply with section two Of the
act in fling their articles, and confrmin z
all acts, rights and privileges exercised.
CHAPTER 49-S. F. 1874.
ceedings for extending the period Of cor
porate existence. Approved April 10. 1898.
CHAPTER 5o-H. F.. 221:
AN ACT to cure. certain Irregularities in the
organization Of private corporations, I'M
proved April is. 1893
Legalizes corporations acting in good
faith. having published their articles ir-
CHAPTER 51-H. F. II.
AN ACT to provide for chang. Of veale
In civil actions in municipal courts, In
souP uhaR ~ 1872
Provides for change from one municipal
curt 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 the
State of Minnesota:
Section 1. All actions for the recovery
of any penalty brought against a principal
O.. surety in any recognizance entered into
either by a party or a witness in any
criminal prosecution in any of the courts
in this state. shall be brought and tried
In the county in which the action or pro-
cetding. 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.
Sec. 2. This act shall take effect and be
In force from and after it's passage.
Approved April A, 1893.
CHAPTER 53-S. z. 527.