The Birmingham age-herald., 1903-10-09
GENERAL LAWS Enacted by the Legislature of Alabama


 ture of Alabama, That three or more per sons may become body corporate TOT the ,purpose carrying on any lawtul pusl- ness or businesses of any kind, or nature whatsoever upon making, and ming a certificate pursuant to the provisions or this act.
 Sec 2. The certificate of ineorpora- ton shall be signed by all the subscrioers to the capital stock named therein ana shall set forth
 name shall be assumed which is identical with that of any corporation already eX- isting in this State, or so nearly similar thereto as to lead to confusion and un- certainty. nor shall the name of any per son or partnership be assumed without the addition of some word or words desg- nating the nature of at least one of the business to be carried on followed by the word company or corporation
 (b) The object or objects for which the corporal ation Is formed.
 Co The location of it's principal oii'ce in this State
 Cd) The amount of the total authorized capital stock, which shall not be less than two thousand dollars; the number Of shares into which the same Is divided; the amount of the capital stock with which it will begin business, which shall not De less than twenty-five Ter cent. or the authorized capital, and in no ease less than one thousand dollars. Provided, that if the corporation is formed Tor the purpose of carrying on the onslhess or banking the amount of capital stock With which 1t will begn business shall Tn no case be less than twenty-five thousand dollars. and provided, further, that if the corporation is formed for the purpose of carrying on the business of insurance in any of it's branches, CT of any Rlnd or nature whatsoever, except tltle guar anty companies the amount or caplial stock with which 1t will begin business shall in no ease be less than one huhureu thousand dollars If there be more man one class of stock created by the certl- fcate there shall also be stated uescrip ton of the different classes ot stock Wl'h tbe terms on which each class is created.
 tel The name and postoftice address ol the officer. or agent designated ny the lh- corporators to iecelNe supseiiP'i0i'' "
 capital stock. ,.
 ,ff The names and postotfice addresses of the incorpora tors. and the numoet ot shares subscribed for by each; the asgre- gate of such subscription shah pc t'I capital stock with which the company Will commence business; the names and pos office adresses of the directors and onlcers chosen for the first year
 (gJ The period. If any. limited Tor the duration of the corporation.
 0,, If the corporation is a railroad. IT railway. canal, navigation. or other trans portation company, unless it is proposed to do business in only one town or city, the certificate shall also state the ter minals and such other points along the lines of such company as the incoSporl- tors may deem proper: and if navlga- ton company, it shall also contain ne ,aines of the streams seas or other hod2s If water within tho Jurisdiction or that State. it is proposed to naVlSate an1 whether or not it will engage n lhte state and foreiga commerce. If the cor poration is a telegrap1 or telephone com ranv the certificate shall state the names ,f the county or aoun ies in which it is proposed to do business.
 CD If the corp )ratien is formed for tha purpose of constructing, operating or maintaining or purchasing any work or plant of internal improvement or publ;c utility, other than those named in the next preceding subdivision. the certlft- cate shall also state the names of the counties. cities. towns. CT other municipal subdivisicns in whi ,h 1. is proposed to do business. together with the streets and other public places thereof. in, or in or near. or between. which it is proposed 10 construct CT op,rate s,ch work Df internal improvement = rubic utility; f th, business of he corporation include that Of supplying V,ter to any such mu- nicipal subdivisions, or the inhabitants thereof, the certificate shall also state the stream or streams, or other source from which 1t will derive it's water sup ply; and if 1t is proposed to furnish any such municipal subdivisions with a sew craze system. the method of dsposng of the sewerage shall be stated. together with the names of any stream or body of water if any. and the point or points thereon. into which the sewerage will be 
 rD The certificate may also contain any other provision which the incorporators may choose to insert for the regulation of the business and for the conduct of the affairs of the corporation. creating, regulating and defining the powers of the the directors and stockhold- ere, or any class or classes of stockhold- CTS; provided, that such provision be not inconsistent with this act.
 Sec 3. The certificate shall have at tached to 1t a statement under oath by the person authorized by the incorpora- tors to receive subscriptions to the cap ltal stock showing the amount of capital stock which has been paid in and the amount of stock secured by contracts for stipulated labor or services or transfer If property which amount so paid in and secured shall be at least 20 per cent. of the stock subscribed for and in no case less than $l,0O0; Provided, that If the corporation is formed for the purpose of carrying on the business of banking. the amount actually paid up in cash shall In no case be less than so per cent of the subscribed capital stock. and. if formed for the purpose of carrying on the bus- ness of insurance in any of it's branches, except title guaranty companies, the amount actually pa. up in cash shall m no case be less than $100 GOO; such state nent shall include a copy of the sub scription list and shall show by which of the subscribers payments have been received in cash and the amount paid by each. and by which of the subscribers contracts in writing have been executed ,or the performance of stipulated labor, or services, or for the transfer and con reyance of property, in which they are privileged to discharge their subscriptions.
 Sec. 4. The certificate of incorporation shall be filed and recorded in the office of the probate judge of the county in which the principal place of business of the corporation is established in a book o be kept for that purpose; but the pro- pate judge shall not record it unless it complies with the provisions of this act After it has been recorded the probate udge shall endorse thereon his certificate ,f registration, showing the book and page where recorded, and for his services n recording the certificate shall receive fifteen cents for each one hundrd words ,f the certificate of incorporation. and .wo dollars and fifty cents for examining he certificate
 Sec. 5 At the time the certificate is