Valdez daily prospector., 1913-12-05

shall have been made by a creditor or stockholder of the corporation, shall be under penalty of fifty dol lars, recoverable by such aggrieved creditor or stockholder, for every day he shall so neglect or refuse. Sec 23. Whenever, in the judg- ment of the board of directors, it shall be deemed advisable and beneficial for such corporation that it should be dissolved, the board, within twenty days after the adoption of resolu- tion to that effect by majority of the whole board at any meeting call ed for that purpose, of which meet ing every director shall have received at least three days notice, shall cause notice of the adoption of such resolution to be mailed to each stock holder, and also beginning with said be published in 8 newspaper of gen. eral circulation published nearest to the place wherein the corporation shall have it's principal place of busi- ness at least four weeks successive ly, once 8 week, next preceding the time appointed for the same, of a meeting of the stockholders to be held at the office of the corporation, to take action upon the resolution so adopted by the board of directors, which meeting shal be held between the hours of ten o'clock in the fore noon and three O.; clock in the after noon of the day so named, and which meeting may, on the day so appoint ed by consent of majority in in. terest of the stockholders present, be adjourned from time to time, for not less than eight days at any one time. of which adjourned meeting mo- tice by advertisement in said news paper shall be given; and if at any such meeting two-thirds in interest of all the stockholders shall consent that 2, dissolution shall take place and signify their consent in writing, such consent, together with list of the names and residences of the di- president and the secretary or treas urer, shall be filed in the office of the secretary of the Territory, who, upon being satisfied by due proof that the requirements aforesaid have been compiled with, shall issue a certifi- cate that such consent has been filed, and the board of directors shall cause such certificate to be published four weeks successively, at least once a week, in 9 newspaper of general cir culation and upon the filing in the office of the secretary of the Terri tory of an affidavit that said certi- cate has been so published, the cor poration shall be dissolved and the board shall proceed to settle up and adjust it's business and it's affairs; whenever all the stockholders shall consent in rwiting to a dissolution, no meeting or notice thereof shall be necessary. but on filing said consent in the office of the Secretary of the Territory he shall forthwith issue d certificate of dissolution, which shall be published as above provided.
 ?. A corporatiou organized and Io- ing business under this act which desires to close it's affairs may also, unless otherwise provided in the cer tificate of incorporation, by the vote of two-thirds in interest of all it's is sued and outstanding stock entitled to vote, authorize petition for it's disso- lution, to be filed in any court of ! competent jurisdiction, setting forth in substance the grounds of appli- cation, and the court, after notice to parties interested and a hearing, may decree 9 dissolution of the corpora tion.