The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1901-03-28

a.
pre- iient ~ clerk shall be MED II the Of
nee uf the secretary OF sta.e in the same
nanner rs now proNid.d by law Tor
changes in chdr,er or certificate oil urgan-
izItiof.
section Il. Any corporation of this
state nay purchase mines. manufactures
and othCr properly necessary Tor It's bus
mess, and the stock of any company or
companies owning, mining manufacture
my or producing materials or other prop
eriN necessary for its business, and issue
stocks 10 the amount OF the value there
or In peylnert therefor. and may likewise
issue stock for services rendered TO such
corporation and the stock so issued shall
nc full paid stock and not Liable TO any
further call or payment thereon; and in
| me absence OF actual fraud in the trans
action the judgment OF the directors as
to the value ot the property purchased, or
services rendered shall be conclusive
Section IA. Any corporation organized
under chapter forty-eight of the revised
statutes may purchase, hold. sell. assign
transfer, mortgage, pledge or otherwise
dispose of the shares of the capital stock
OF, or any bonds, securities or evidences Of
indebtedness created by any other cor
poration or corporations of this or any
| othcr state, territory or country, and
while owner Of such stock may exercise
all the rights, powers and privileges Of
Lwnership, including the right to vote
thereon.
section l.. a copy of every decree or
judgment dlssolVlHg corporation or for
letting It's charter shall b. forthwith filed
by tho clerk OF the court In the office Of
| the secretary Of state and there recorded.
Section lf. section thirty-one of chap
tor fortY-six OF the revised statutes as
amended by chapter three hundred and
hfteen If the public laws of eighteen hun
drei and eighty-fivc Is hereby amended
by striking nGt in the first line Of said
section the words and clerks or treasur-
era. that said section, as amended
shall read as follows:
Section IL Such ca shiers shall be-
twcel the first day OF November and the
eighth day of December, annually make
Iethrn 20 the secretary of state Of the
| names Of all stockholders, their residen-
Ces, the amount OF stock owned by each
end the whole amount of stock paid in
on said first day of November The sec
| Rotary shall lay the same before the leg
iflature within the prst thirty days Of the
| scGaipn.
Sratlon II soction 6re of chapter forty
six of the revised statutes IL hereby
amcnoed ~ adding after the word pres
| cnt." the words in person or by proxy
50 that sad section, as amended, shall
Rad rs follows:
Section !. When all the members OF a
| corporation are present in person or by
J Iroxf at a meeting and sign a written
| consent on the record thereof, such meet
| ing is legal.
| Sect ~ Is. Section twenty Of chapter
| forty eirht of the revised statutes as
amended by section three of chapter
ninety-E.ne of the laws of eighteen hum
drcd and nnety-o and by section two
of chapter two hundred and twelve of the
| laws OF eighteen hundred and ninety
the words, not exceeding ten million dol
| lars" 81 that said section amended
| shall read as follows
| Section ~. If the stockholders of any
| corporation created by special charter
| ard not charged with the performance of
any public duty, or organized under the
! general laws of the state, find that the
| amount of its capital stock is insufficient
| for tho purposes for which said corporation
| Is organized, or that the number of d.
| rectors Is tnconvenient for the transac-
ton of it's business, the stockholders may
| by vote representing majority of the
| stock issued increase the amount of its
% a n
change the number of their directors IN
! like manner. and the corporation shall
| hlc a certificate thereof with the secre-
tary of state within ten days thereafter,
end thcreupon said vote shall take effect.
| When the capital stock is increased from
ten thousand dollars or less TO not ex-
ce"ding i've hundred thousand dollars, the
corpor ttlop shall pay to the treasurer AZ
state or the use of the state the sum of
| forty dollars. When the capital stock Is
increased To any amount exceeding ny"
| hundred thousand dollars IT shall pay to
the treasurer of state for the use of the
state the sum of ten dollars for each one
| Hundred thousand dollars of such In
crease, and The treasurers receipt for the
same shall be filed with the secretary of
state before he shall be authorized to re-
ceive any certificate of any increase Of
capital stock.
duty II Is 20 make the. retul provided by
section one of this act shall. upon com
plying with section thirty-six of chapter
fDrty-aix of the revised statutes, be eX-
cused IRON making such returns 80 long
az it's franchises remain unused.
section 70. AZ acts and parts OF acts
| Inconsistent with this act are hereby re-
peaIed. Improved March I'll
Chapter $50
AN ACT to fix the Salary Of the Register
of Deeds for the County Of Andres
Coggin
of represent ltives in Legislature ASSEM-
| bled, IA follows:
Section l. The register of deeds for
|
nual salary of sixteen hundred dollars,
paVabic quarterly, said salary to be paid
| from the county treasury and to be in
! stead nj the fees now provided by law
which fees shall be paid into the county
| treasury for he use of said county.
Section :. This act shall take effect
! thousand nine hundred and one
tApproved March 2ll
Chapter 23I.
| AN ACT providing that the Sheriff Of
| pcnohscot County shall not be entitled
| to a percentage of the Fees Of his
Be IT enacted by the Senate and House
of Repres, natives IN Legislature assem-
section /. The sheriff of Penobscot
| couaty shall not be entitled to receive
| from his deputies any portion of their
fees 70" travel and service of precepts;
nor any percentage of any fees received
section 3 All acts and parts of acts
| inconsistent with this act. are hereby
| repealed.
Section 2 THIS act shall take effect
when approved. Improved March III
Chapter 232
! AN ACT establishing n s&,ary for the
| Sheriff OF Sagadahoc County.
BE ii enacted by the Senate and House
| of Representatives in Legislature assem-
blcd. as follows:
| section l The sheriff of the county Of
| Sagadahoc from and after the first day
| OF April, one thousand nine hundred one,
| shall receive as fun compensation tor
services In attendance upon the supreme
| judicial court in this county. as iailer In
said county for receiving and commit
ting prisoners to whatever 1ails S1id
county may legally contract with the
proper authorities and for services of all
! Criminal processes and performance OF
{ II duties relating to the enforcement OF
all criminal avs. an annual salary O.
! twcl,e hundred dollars year to be paid
| from the county treasury In equal
quarterly payments on the last days ot
March June, September and December OF
each year.
The sheriff of sd Il county shall not
receive from any of his deputies any of
the teos earned by said deputies or any
percentage thereon.
| section , All fees chargeable under the
statutes Il his state for the perform
aNce OF any of the duties prescribed in
the preceding section shall be charged