Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-02-26

OF ln~corp0TdtlOns except as herein 9TH
erwise provided.
That section eleven of chapter ffty-
four of the Code be and the same IS
| hereby amended and re-enacted so as
to read as follows:
Time OF Limitation.
IL. No corporation formed under
this chapter, except life insurance
companies, and such as are formed ex-
clusively for the purposes mentioned
in the fourth, fifth, sixth, seventh,
eighth and ninth clauses of the second
section, shall continue for more than
fifty years from the date of its certi-
ficate of Incorporation. Any incor-
, poration, however, formed under the
| general laws of this State, may extend
the time of its continuance beyond that
limited in the agreement for its forma-
ton, for such additional time, not ex-
ceeding fifty years, as it may desire,
in the manner following: The stock
holders of such corporation may, at a
general or special meeting, adopt a res
olution to extend the time of the con-
| tinuance of such corporation for such
time, not exceeding fifty years immedi-
ately succeeding the time limited in the
origin agreement, as may be decided
upon by said stockholders, a majority
of the stock of such company being
represented by the holders thereof. in
person or by proxy, and voting for
such resolution; but notice of the in
tention to offer such resolution must
have been given by advertisement pub
nee a week for four successive
weeks in m newspaper of general
circulation published in the county
wherein is located the principal Of
flee of such corporation, if the same be
in this State; and if the principal Of
fee be rot in this State, then in some
newspaper published at the capitol Of
the State. Provided, that all of the
stockholders of such corporation may.
in writing, assent to a meeting called
for the purpose Of extending the dura-
ton of such corporation, and may
waive in writing the said notice and
tine publication thereof. When such
resolution shall have been so adopted
by any corporation, the president
thereof shall, under his signature and
the common seal of the company, GER
tify the resolution to the Secretary of
State, and the Secretary, under his
hand and the great seal Of the State,
shall issue to the company adopting
such resolution, a certificate declaring
the proposed extension to be authoriz-
ed by law;which certificate shall be re-
ceiVed in all courts and places as evil
dence of the extension of the existence
of such corporation, and the authority
for the same. The provisions Of sec
lions seventeen, eighteen, nineteen ad
and twenty of this chapter shall apply
to such certificate.
That section fifteen of chapter nifty
four of the Code be and the same is
hereby amended and ~re-enacted so as
to read as follows:
Meeting of Stockholders.
Is. When a certificate of incorpora-
ton is issued under the ninth section,
the incorporates named in the agree
ment recited therein, or a majority of
them, shall appoint the time and place
for holding a general meeting of the
stockholders to elect a Board of Direc-
tors, make bylaws. and transact any
other business which may lawfully be
done by the stockholders in general
meeting. The time appointed for such
meeting shall not be more than six
months from the date of the certificate,
n at least two weeks notice of such
meeting shall be given by advertise
ment in the manner prescribed in the
forty-irst section of chapter ffty-three
of the Code. But II all of the incorpor-
ators ano stockholders be present when
the meeting is held, or If all of such
stockholders agree in writing upon a
time and place of such meeting, or
agree to waive notice of such meeting
and the publication thereof, then such
meeting may be held without the pub
LEGATION of such notice. The place
of such meeting shall be gov
erned by the provisions of the forty
first section of chapter fifty-three of
the Code, unless changed by mutual
consent as provided herein.
That section twenty of chapter fifty
four of the Code be and the same is
hereby amended and re-enacted so as
to read as follows;
20. The corporation shall cause the
said certificate, within three months
after it has been issued or acopy there
Of certified as aforesaid, to be deliver
ed for record to the clerk of the Coun-
~ NOuAN VI IhC SOuhIg III MHlNu t1AS
principal office of such company is
kept, and the clerk OF the County
Court shall record the same in his Of
fee. II such corporation fail therein,
it shall be fined not exceeding one
thousand dollars. If the principal Of
fee of such corporation be not in the
State of West Virginia, then said GER
tifcate, or a certified copy thereof,
shall be filed and recorded in the coun-
ty clerks office of the county wherein
resides the person appointed by said
corporation pursuant TO the twenty
fourth section of this chapter.
That section twenty-one of chapter
ftty-four of the Code be and the same
is hereby amended and re-enaeted so
as to read as follows:
Change of Office.
q. Any corporation formed, or
which may hereafter be formed, or
which has accepted or may accept the
provisions of this chapted, may, by
resolution at a general or special meet
ing of the stockholders thereof, change
the place Of It's principal Office, or
make such reduction or increase in the
number of shares, as may be decided
upon by said stockholders, a majority
of the stock of such company being
represented by the holders thereof at
such meeting in person or by proxy