The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-19

thority to consolidate with. or sell and dispose
OF all or portion of its assets to one or more
other corporations organized for the same pur-
pose upon such terms as may be agreed upon
when such consolidation or sale shall be
deemed advisable by majority vote of its
members, present and voting at any regular
or special meeting of such association, and to
transfer to such consolidated corporation its
entire assets, or to such other corporation or
corporations All or portion of Its assets; sub
jeGt to the vested rights of it's members.
sec. 81 All securities, cash. mortgages GER
tIncates' ponds, notes, receipts, statements and
records heretofore deposited with or received
by the state treasurer, pursuant to law, shall
upon tne passage OF this act, be transformed
ana deilYePeda by him to the public examiner
Who shall receive, the salna and VINO, with
his sureties shall be liable for the safe keep
ing thereof, all securities of such association
heretolore required to be deposited with the
state treasurer, shall be hereafter deposited
as In this act provided Upon filing any mort
receive a fee of fifteen (15) cents therefor to
pc paid by the association so filing or with
drawing it, -
Sec. S8. The public examiner shall retain
all the fees by this act provided to be paid
70 1lHi IN lieu OF any allowance for clerk hire
MAJ necessary by the extra labor imposed
by TINS act, and he is hereby authorized and
empowered to make and execute any and all
oluers' releases, or other papers which the
state treasurer was heretofore authorized to
make or execute in the premises.
Sec. 80 At least thirty 900 days prior to
the annual OF special meeting of the stock
holders OF any such association governed by
this act notice stating the time and place
or such meeting, shall be deposited in the post
once at the headquarters OF such association.
ulfected to each member to his address as
the same appears at such times on the books
oil the association, and when so deposited, post
age prepaid shall be deemed legal and suf-
Hclent notice OF any such meeting, and there
snail Dc attached TO any accompanying such
notice, any proposed amendment or amend
nents TO the articles OF Incorporation, of any
such association, and statement of any Of
hcer 10 be erected at such meeting, any amend
nients SO proposed and of which such notice
shan nave been duly given may be adopted
az at such meeting by the vote Of two-thirds of
me stock represented and voting thereat. Any
member OF such Association entitled to vote
at such meeting may vote in person OF by
upon all questions to be voted upon at such
inserting, the vote shall be taken by calling
tne Toll OF persons entitled to vote tiDereat,
with the number Of votes which each is
entitled to cast, and the vote shall be by
written or printed ballot the form for which
may be prescribed by the board of directors.
sec 40. This act shall not apply to any
ASSOCIATION commonly known as a local build
ing and loan association which confines its
business 10 the county in which it is located
and the adjacent counties
Sec. fl All acts and parts Of acts incon-
slstehl with th1s act are hereby repealed.
Sec AZ This act shall take effect and be
IN toree from and after it's passage
Approved April H. 1901.