Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1901-04-03

snu S'efh, VITA Inc residence OF each, the
location OF It's principal orice ia this state
and tue amount Of ats authorized capital
stock and Tor this purpose the secretary
Of state shalt furnish blanks Ia proper
form aud safely keep in his Office ali such
returns. Every corporation failing 10 COM
ply with the provisions Of this section shall
forfeit TO the state two hundred dollars to
De recovered with costs. ia an action OF DEBT
20 be prosecuted In the name OF the state
by the attorney general.
Section =. 1t shall be the duty OF the
secretary OF state. on or before ghe hrst
day OF July, annually. 20 furnish the attor.
ncy scnerni with a statement showing VIII en-
of said corporations. Il any. have failed to
comply with section one hereof with tch
other memoranda from his office as will aid
the attorney general In obtaining service
upon such delinquent corporation. The
attorney general shall promptly prosecute
such delinquent corporations and maAe
itemiked return thereof in his annual report.
Section o. Eyery corporation incorpor-
nted under the laws Of this state, except
such as are excepted b. section one OF this
act. shalt pay an annual franchise tax OF
hye dollars, provided the authorized capital
Of said corporation does not exceed nifty
thousand dollars. OF ten dollars. provided
said authorized csp,sgi stock exeerds atty
Thousand dollars, and does not exceed two
hundred thousand dollars. OF twenty-five
dollars. provided said authorized capital ex-
eceds two hundred thousand dollars. and
dues not exceed tste hun1rei thons md
dollars, OF atty dollars, provided said
authorized capital exceeds drs hundred thou
sand d6iiais and does lot exceed enc million
dollars. and the further sum OF twenty I'VE
dollars per annum per one rliIllon dollars or
any part thereof. Ia excess of one million
dollars.
SECTION 4. The state board OF assessors
shall. on OF before the first dag OF July.
Annually. assess the annual franchise tax
provided for by section three Of this act
upon the authorized capital stock Of each
OF said corporations apd shall certify and
report the same to the secretary OF state,
who shall thereupen notify each OF said cor
porations OF the amount OF said tax as
scssed 70 Z ana sneh ,as snsii become aae
the state treasury, on the hrst day OK sep
temhcr thereafter.
from such corporation to the state, for
which an action OF debt may be maintained
after the same shall have Dcen In arrears
for the period Of one morth . such Ia saail
also be a preferred debt In case OF iDsoi-
yency under the laws OF this state. or in
any process OF liquidation In its courts.
section q. II any corporation liable 70
taxation under this act shall Tor one year
neglect or refs.se to pay 10 the state any
tax or penalty assessed against II under
this act, IT'S charter shall be liable to for
feifure as hereinafter provided
Section Z. II shall be the duty OF the
state treasurer. whenever any tax due un-
der This act from sny company saaii have
remained In arrears for period OF SIX
months after the SAME SHAH nave 80 ONE
general who shall forthwith apply TO the
supr Isae judicial court in equity IN the pam !
Of the state. for the forfeiture OF the char,
ter OF saci delinquent corporation. anu
said court shall order such notice % all
parties interested as II may deem proper
and shall have jurisdiction Ia said cause 70
appoint receivers. Issue in(unetions fnd PASS
inferlocutory DEGREES aud orders according
10 the usual course OF proceedings Ia equity.
and 10 make such final orders and DEGREES
as the nature OF the case may require
Section g. Section seventeen Of chapter
forfy-eight OF the revised statutes. as
amended by section one OF chapter MN ~.
nine OF the public isss OF eighteen hunfred
and ninety one, Is hereyy further ame uded
hy striking out the words nor more fhsn
len Million" so that said section seventeen.
as amended. shall read es follows
Section II. Their first meeting shalt te
called By one or more Of the sigDsfs OF snid
articles, by giving notice thereof. stating
the time. place and purposes OF the mcetinE
10 each signer, In writing. OF by pubilsains
III in some newspaper printed in the county,
at least fourteen days prior TO the time ap
polluted therefor. Al such meeting they
may organize INTO CORPORATION. aaops M 4
corporate name, dc;ine the purposes or the
corporation. AK tile amount OF the capiti
stock which shall not be less thsn one
thoassnd dollars. divide u into shares anu
elect president. not less than three direct
ors. q clerk. treasurer, and any other neces-
sary otffeers. and may adopt coae oil by
Section 0. II all OF tho slsners o. said
articles sbnsi In writing waive notice and
az time nnd place OF the first meeting.
required TIMER SeGtlDA seventeen OF
forfy-eight Of the revised statutes no notice
or publication shall be necessary.
Section 10. Any corporation OF this
State may conduct business In other states;
territories, or possessions OF the United
States, or In foreiga countries. and have
one or more officers out of the state, and
may hold. purchase. mortgage and convey
real estate and personal property out OF fhis
state.
section II Every corporation OF this
state shall have power TO create two OF
spQch designations. preferences and voting
powers, restrictions or qualircatiou
thereof, as shall be fred and determined
at a meeting duly called for the purpose.
section ~. Every corporation organized
under chapter forty-etght OF the reyis d
ss may sssass s os Ess sses
called for the purpose BY = vote represent.
ing majority OF the stock issued, and
errtiriente thereof signed ~ the president
secretary OF state In the same manner as
now provided BY law for changes In charter
or certificate OF organization
state may purchase mines. manufactures
and other properly necessary for Its bust
ness. and the stock of any company or com
panies owning. mining. manufacturing or
producing materials or other property ncccs.
sary for It's business aud Issue stocks 10 tne
amount OF the value thereof In payment
therefor, and may likewise issue stock LOT
the stock 30 issued shall be fuii paid stock
and not liable 10 any further call or pay.
meni thereon and in the absence OF actual
fraud In the transaction. the Judgment OF
the directors as 10 the value OF the property
purchased. or services rendered, shall "
conclusive.
Section IA Any corporation organized
under chapter fortyelgnt 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
inilahteiFess created by any other corporss
ton or corporations OF this or any other
state, territory or country. and while owner
81 such stock may exercise ali the rights.
powers aud privileges Of ownership. inciud-
Ing the right to vote thereon.
Section 10. A copy OF every decree or
Judgment dissolslng corporation or Tor.
feitfng Its charter shall be forthwith hled
BIZ the clerk OF the eosrt In the oitice OF the
secretary Of state and there recorded
Section i6. Section thirty one OF chapter
forty-six Of the revised statafea MS amended
BY chapter three hundred and fifteen OF the
public laws OF eighteen hundred aud eighty
I'VE Is hereby amended by striking out N
the frst line of said section the words ana
clerks or treasurers." SO that said section,
as amended shall read as follows:
Section 81. Such cashiers shall, between
the first day of November and the elghtn
day Of December. annually make return ~ ~