The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-29

corpcfatlon shall knowingly heciare ~" ~
pay any dividend when me co, lpn,nent of
which would render IL ins2ivsIn.' eor al,
Shall be Jointly and severally napie III
the debts Of the corporation tnem a. ,o9,
and for all that shall he therentter. ,."ir
trac,ed, as long as they shall respee,iNtvc,n
remain in office. The amount W osaonI
they shall all be 80 liable shall n no, GHp INV
the amount Of such nifiaenGh; sc u,i' al tie
time Of making the dividend; or r, 5d
object thereto at the time slSh tuioetinns
is declared, and shall hle them va" 70 other
officer Of the corporation having fnSnIS
Of tho books they shall be eNelhP't" l'""'
the said liability.
DISSOLUTION or. PRIVATE CoRfo"A'
TfONS.
Article ESQ A corporation is dlssol,vtp put-
l. rs the expiration OF the unhe ''"
nv Judgment Of dissolution render
ed hy a court Of competent 1nrisdicIinnt,
Article 6st Every corporation crea,vnus
under this title. CT any scneral NV ,rnti6ns
State shall commence active ,oPea.bhoorfcr
within three years after filing IT'S cilnFt4r AZ.
with the secretary Of state gn1 ~ AZ
fault thereof said corporation sns pe '"'
solved and Its charter pe ,CcnIe,r nav more
than his due proportion Of any depl pa tun
corporation. he may compel eoIt, atlnn
from the other stoekhoinersi snail he
L4ia,,,a 70 nay dai.Ess6T Incorporate DE
ts rsSSnd the amount unpaid on hlal4Esssgs4,y
/ FoREIGN CORPORATlONSs
! Article I45. Hereafter, any corporation ~
4 pecuniary proht, except as ne tt'u" ~, inWs
vidpd organized or created unuer Iuc !" "s
nj my ofnpr State or of any TERRITORY Va
/ the United States. or OF any uluu,I 80
| OF such State or Territory, or OF any ~
| eigu government, Sovereignty OF M mi
! nalitv desiring 10 transact business IN tulS
State or solicit business In THIS state VI
I establish a general or special oflce IA 'h.'
state shall be and the same IS heieo! ~
/ outred "a hle with the secretary of state
duly certified copy of lis nrtlcIes "l ln'"ts
/ pcration. and thereupon the seetet",' t
state shall issue 10 such cofpuialiVn d ~
nit to transact business III iuls oIa' h,n
such CORPORATION Is created lot moit no"
one purpose, the permit may he llnhteu 10
one or more purposes, aud Such E,'t"l
tion ON obtaining such permit shall IA ,,,
and enjot all the rights and privileges tuh-
! ferred by the laws Of this state on COZ
! porations organized under the laws u l'iS
State and shall be authorized ana cmpoN.
/ cred to hold, purchase, sell, mortgage vi
Iothorwise convey such real estate ana per
sona estate as the purposes OF sucn col-
poration may require ana also 10 taArt'
hold and convey such other properly. rt:i'
personal or mixed, as may he requisite Tor
such corporation to acquire In order 10
obtain or secure the payment ot any M
debtedness or liability due, or Whlch may
become due. or belonging to the corpora
tlon; provided. that II such corporation So
obtaining permit 10 do business IN nus
( state shall MCGUIRE any real estate under
the mowers herein conferred. 1t shall alien
ate all real property SO acquired by II hpt
necessary for the purposes of such cUtpo'
ration. within fifteen years from the ili!n
of acquisition; and provided further, mat
such corporation shall ALLEVIATE all real eS.
tate acquired by II for the purposes or
such corporation, within htteen years IRON
the expiration Of the time for which the
permit is issued, II such permit he re-
newed, or such corporation he otherwise
authorized To carry an business H. TINS
State, then such corporation Shnti allcna'e
such real estate within fifteen years after
the expiration of the time for which such
permit is extended. or Is SO au-
State; and provided further, that If such
corporation shall cease 10 carry on business
In this state. that 1t shall ALLEVIATE all such
real estate so acquired by It, within fl.
teen years after the time II shall go cease
to carry on business in this state.
Article 1i6. No such corporation can
maintain any suit or action, either legal
or equitable in any Of the courts of this
state, upon any demand whether arising
ont of contract or tort, unless at the tlpie
such contract was made or tort committed
the corporation had filed It's articles OF in
corporation under the provisions of this
chapter In the office Of the secretary OF
state for the purpose Of procuring its per
nit.
Article IA Tho provisions Of this chapter
shall not apply to corporations created for
; the purpose of constructing, building, opcr-
ating or maintaining any railway, or tc
such corporations ms are required by LAW
to procure permits to do business from tac
commissioner of agriculture, insurance, sta.
tisilcs and history.
Article las No permit shall he issued for
n longer period than ten years from the
, date of fling such articles of incorporation
in The OFFICE Of The secretary of state
Article I4o. Either the original permit or
certified copies thereof nv the see
Rotary Of stae shall be evidence
OF the compliance on the mart
- A.
chapter. 4 certificate Of the secretary o.
state to the effect that the corporation
ramed therein has failed to he In his
office its articles of incorporation shall h.
evidence that such corporation has In no
, particular complied with the requirements
Of this chapter
CHARTER FEES.
Article 2439. The secretary OF state, be
sides other fees that may be prescribed
ny law, is authorized and required 10
charge Tor the use of the State. the fol
amendment or supplement thereto of n
private corporation created for the purpose
OF operating or constructing railroad,
magnetic telegraph line, or street railway
or express company. authorized OF r"nnirSi
by law to be recorded in said department
Zee OF 500 TO be paid when said rhnrtcr
Is sled; provided that If the nutborized
capital stock Of said corporation shoii 1 "v'
teed 100000, II shall he required 10 nav
an additional fee of Sa5 for each s1o0 M
"Nth'li+th '"pltHl STOCK, or fractional M
thereof after the first; for each and c1c,.,.
charter amendment or supplement fberet6
OF private corporation intended for The
support ot public worship, any benevolent
char table, educational missionary. I,nr -
my or SCIENTIFIC undertaking. the main.
t,nanee Of library, the promotion Of
na1n.ins music or other fine arts. the en-
ne mnintenance Of public parks and f5nii,
nlts Tor skating aud other Innocent snorts
ahH ths m9intenance Of public cemetery
Zee OF Slu, TO he paid when rho rbart33 Z.
Is nledi Tor ench and every charter o,nnnd
ment or supplement thereto, OF n nri,1n .
Sornorasion created for any other pn rr"sse
fee Of SIS shall be paid when ptthent, .