Evening journal., 1897-02-09
LAW ALREADY EXISTS.
Confused from First Pss..

MANAGE crerate and dispose OF such oI
anv Of its property. and may raise, pur-
chsre sell take hold and dispose Of
grain. produce. or commodities. and
may make or furnish labor. material,
implements, chattels, fixtures and other
property whatsoever, on such terms
and conditions as may be agreed upon
with the parties contracting with IT,
The capital stock is placed at $4,000,
with no limit as to increase
TO MAKE DEEDS VALID.
An act to make valid the record Of
certain deeds will be given notice OF
this afternoon by Representative Nc
Cuilough The preamble says that there
are many oonveyances Of real estate
within the state Of Delaware, executed
and delivered bona fde by the corpora
tions. grantols therein. under which
the grantees i'm said cOnveyances, ana
those claiming under them. have en-
tered into and continuously held quiet
and uninterrupted possession Of the
premises so conveyed, which deeds were
not acknowledged and certified in ac-
cordanoe with the requirements OF the
laws Of this state, in force at the time
Of execution but have been, neverthe-
less, entered upon the records by the
recorders Of deeds in and for the sew
eral counties OF the state Still, by rea-
son of such defect the record of the
deeds cannot be offered In evidence.
Gong on the bill provides that the
record of any deed dated prior to Janu-
ary 1897, executed by any corpora
tion having aut'Srity to make the
same. which was uuiy signed ana seal
ed by the party therein named as
90 4 agf "a
NAV not appear that the execution and
acknowledgment of the said convey
ance was duly authorized by resolution
of the directors, trustees or other man
ayers. or by the legally constituted at
torney of such corporation, shall be and
the same is hereby made valid and ef-
fectlll in law. as If the deed had been
correctly acknowledged and certified.
aud The record OF any Cfflce copy there
OF shall be admitted as evidence ia all
OF the courts OF this state aud shall for
an purposes be valid aud conclusive as
If said deed had been In all respects
acknowledged and the acknowledge
ment certified in accordance with the
then existing laws.
a BIG CORPORATION.
To-day Representative Mccullough
gave notice of an exceedingly import
ant corporation bill. Ii is to incorporate
the Mortgages Protective and Title
Guarantee Go. Edward Brlnghurst. Jr.,
Alfred s. Elliott, David Lindsay, VIII
liam Baxter. Joseph l.. Carpenter, Jr,
William H. Boyce John II. Dandy, r.
Davis Carey and James w. Ponder are
the incorporators II is given express
power to guarantee and insure the
owners OF real estate and mortgages
and others interested i'm real estate
from loss by reason of defective titles
liens and membranes. The capital
stock is 100000 with power to increase
to any sum not exceeding $1,000 900
The company may be appointed re-
ceiver or assignee without security, its
capital stock being taken and consid.
cred as the only security required.
BUILDING LOAN AMENDMENT.
Representative Mccoy gave notice o
an act tc amend the charter Of th'
Citizens Building and Loan Associa
ton. Of New Castle. 10 adds to th'
twelfth article of the charter the fol
lowing supplement.
pAnd the directors of the said com
pany arc hereby authorized to issue II
lieu of the cash payment mentioned e
said corporation or at the time of thu
expiration Of any issue Of stock thereto
certificates OF Indebtedness, granting L
the stockholders respectively tn
amounts so due them. the said certih
Gates bearing interest nc six per cent
from theft date. payable quarterly, on
i'm case of borrowers, the said director
may order an extinguishment and sat
isfactlon of the securities held by th
said corporation. in satisfaction of tn
amount due the said borrowing stock
holders.
n. c.. n. AND W. AMENDMENT.
It is probable that the House bill t
incorporate the New Castle, Newpor
and Wilmington Passenger Railwa
Company will come out of committe
with section 9 amended, as follows:
section 9. That the said compan
and the Wilmington City Railwa
Company ere hereby authorized TO col
tract the one with the other Tor ID
transfer and carriage of the ears an
passengers of the company hereby il
ccrporatcd over the tracks of the Wi
mington City Railway Company or an
part thereof, and to make such otht
agreements as to furnishing powe
equipment, appliances ana otnei feQu
sites as may he mutually agreed up1i
And the said company is authorize
to consolidate or merge with any co
poratiOn or corporations heretofore {
hereafter created the consolidated con
pany having such name as may
agreed upon having all the rights ar
privileges Of any OF the companies
merged. the right of merger beir
hereby conferred upon any company
wishing TO consolidate that does n
now possess il.
Tho said company is authorized
contract for and furnish electricity Il
lighting towns, dwelling-houses. bus
ness places and public edifces and
supply heat and power from electrici
for dwellings and factories. and for {
purposes for which electrical curren
may or shall hereafter be used.
And the said company shall ha
the right TO erect poles. lay groul
wires IN any of the cities. towns or v
lages, provided. however, that befo
entering upon any streets, highwa.
lanes or alleys in said cities. towns