The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1907-04-04


make and attest n record of the proceed
irgs antil the clerk HIS been chosen and
sworn. including a record of such choics
aud enalifica ton.
, of the directors who are e.ected at such
first meeting. shall make sign and make
oath to. IN duplicate. articles seUtinS
II. A true copy of the agreement of
asSoeiatio The names OF the Sub
seribers thereto, and the name. residence
aud post Ollie address 81 each Of the
officers of the company
b. The date Of The first meeting and
the successive APPOINTMENTS thereof, II
any.
One of such certificates shah be sub
mitted 10 the bank examiner and tho
other together with the records OF the
proposed corporation, to the attorney
general, who shall examine the same, and
Who may require such amendment there
of or such additional information as he
may consider neet ssary. If he iinds that
the articles conform 10 the provisions of
the preceding sections relative to the or
ganizat1on OF the corporation and that
the provisions OF section three have been
complied with, ne shall so certify and
endorse his approval thereon. Thereupon
the articles shall be filed in the office of
the secretary of state, who shall cause
the same, with the endorse ment thereon
10 be recorded and shall thereup1n issue
a certificate of Incorporation in the fod-
lowing form:
STATE OF MAINE
Be II known that whereas (the names
Of the subscribers to the agreement Of
association) have associated themselves
with the intention of forming corpora
ton under the name of Cthe name Of the
corporation). for the purpose Che pur-
pose declared in the agreement of asso-
c'atron), with capital stock of Chc
amount fixed in the agreement of asso-
ctatianD. and have complied with the pro-
visions of the statutes OF this state m such
ease made and provided, as appears from
the articles cf organization OF said cor
poration, duly approved by the attorney
general. and recorded in this office; now,
therefore, /. uhe name of the secretary
secretary Of the state Of Maine do here
by certify that said. fthe names of the
subscribers TO the agreement of assoc a
tion,D their associates and successors, are
legally organized and established as, and
are hereDy made, an existing cor poration
under the name OF. name OF the corpora
ton, with The powers, rights and privi-
leges, and subject 70 tie limitations,
duties and estrctions, which by law APP
pertain thereto.
Witness my official signature hereunto
subscribed, and the great seal OF the
state OF Maine hereunto affixed this day
OF i'm the year
the date of the filing of the articles OF
organization
The secretary shall sign the certificate
Of incorporation and cause tee great seal
Of che state to be thereto affixed, and
such certificate snail have the force and
effect OF special charter The existence
Of every corr GRAFTON which is not created
by special law shall begin upon the filing
Of the articles Of organization in the
office f tie SECRETARY of state. The sec.
ietarY OF state shall also cause II record
Of the certihcat" of Incorporation to 10
Hnadr and such certificate, or such rec
ord. or a certified copy thereof. shall be
conclusive evidence of the existence Of
section 6 Such corporation shall not
issue any shares Of stock until the par
value e such shares shall have been
actually paid in in cash. When the whole
capital stock las been issued, a complete
list of the stockholders, with the name,
Il. ia .spI
and the number OF shares held by each,
shall he filed with the bank examiner.
which list shall Re verified by the presi-
dent and treasurer of the corporation.
Upon receipt of such statement said eX-
aniner shall cause an examination to be
made, and it, after such examination, 1t
appears that the whole capital stock has
been paid in in cash. and that all re-
quirementS OF law have been complied
with, said examiner shall Issue certifl-
cate authorizing such CORPORA ton to be-
gin the transaction OF business. 1t shall
be unlawful for any such corporation to
begin the transaction of business until
such a certificate has been granted.
Section I. The written articles of as
ISOLATION mentioned ln section one shall
not be regarded as sufficient unless they
show that at least one-third Of the pro-
posod amount OF capital stock has been
subscribed for And when filed with the
bank examiner they shall be nccomna-
MED hy satisfactory evidence that the
sum of fifty dollars has been paid to tho
state treasurer 10 bc credited to an ac-
count for expense of organizing trust
companies s. much thereof to be- paid
cut for expenses. Of tie several depart
ments as The governor aid cXecutiYc
council shall find To have been actually
Sector g. THE minimum amount OF
paid-in capital stock on which trust
company g maY be be Sahonz+d to hsEI
dollars for a town or city Of not more
than five thousand inhabitants. nifty
thousand dollars for from five thousand
IA thousand Inhabitants "
five thousand dollars for from ten thou
sand to twenty thousand inhabitants, Ons
hundred thousand dollars for from twon-
tY thousand 10 thirty thousand nhahi-
tants, and one hundred and fifty thou
sand dollars for n town or city Of moro
than thirty Thousand inhabitants. 1t shall
be lawful for thu hank examiner in as
certaining the number of inhabitants Of
such town or CITY for the purpose of de-
termlnnC the sufiiciency of the capital
stock, To REQUIRE such proof in addition
TO the last preceding United States CEN
Sis as he may deem necessary; but no
charter once granted shall ever he
the population. The par Valu" of the
shares Of stock shall he one hundred
d 5ll1rS each.
Section o Every such company shall
forfeit its charter unless it shall actually
commence to do business as Il trust COM
pany within one year from the date
Section TO- Any company organized I'M
der this act may increase its capital stock
from time To time to an amount not eN-
ceeding In the aggregate one million dol
lars, at any stockholders meeting at
which 4 majority of shares issued and
outstanding is represented, n0Ii'o of tho
intention % to do having sbcon given in
the call therefor. A certified copy OF every
such vote shall be flied with the bank
examiner within ten days after its pas
section Il. All the cornorate powers u
any such company shall be exercised by
a boar1 OF rot less than five directors.
fWO-I1tTU< OF who shall he residents of