Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1917-04-25

shall contain al express agreement by
1T that any lawful process against It or
any notice relating to taxation under
the laws OF this state which IS served on
said attorney shall have the same legal
force and validity as If served on It. and
that the authority given in such appoint
meat shall continue in force so long as
any liability to a resident of this state
remains unsatished Such instrument
shall designate some officer or person
TO whom the secretary of state shall for
ward a copy of the process or notice.
Said commissioner shall furnish blanks
appropriate for such affidavit and APP
pointment
(Sec. 1884, G. ID The certificate of
authority shall authorize the corporation
to engage in this state in the business
specified in its application until the first
day of the following April. unless such
certificate is sooner revoked.
(Sec. 1885 @. L. Such corporation
may by statement under its corporate
seal filed with said commissioner change
the place within this state previously
designated by it as the location of its
principal place of business in this state.
(Sec. 1887 @. L. The commissioner
shall not give certificate. original or in
extension, to a foreign corporation hav-
ing a name which is the same as, or
deceptively similar to, the name of a
domestic corporation. If the name of
foreign corporation Is changed SubSe-
quent to the issue of its certificate, such
corporation shall. within fifteen days
after such change of name takes effect,
/ file statement with said commissioner
under its corporate seal setting forth
such change of name and the new name
adopted.
(Sec. 1886 @. ID The authority given
by an original certificate may be ex-
tended with or without modification,
from year to year, but said commits
sioner shall not issue certificate SO eX-
tending the authority of the corporation
until the corporation has filed with him,
I'D a sworn copy in the English
language of all amendments to its char
ter, articles of association or other SINH
| lar organization papers made since its
previous application was tlled; and 81
an affidavit verified as is provided above
stating the place at which its principal
office in this state is located, the amount
of its paid UP capital stock. the total
amount of its Indebtedness, the amount
of its indebtedness secured by mort
gage or pledge of the corporate prop
erty, or any part thereof, the amount of
! its Indebtedness not so secured, the
amount of assets including the amount
of cash on hand, and the names of the
directors at the close of the preceding
fiscal year.
/ (Sec 1888 G. ID Said commissioner
may, in his discretion, as a condition
precedent to the issue of any certificate,
original or i'll extension, require such
corporation to file in his Office for the
benefit of its creditors IN this state a
good and sufficient bond, executed by
surety company duly authorized TO do
business in this state, in such sum and
on such condition as said commissioner
may direct; and may likewise require
bond conditioned on the making of all
returns and a payment of all taxes re-
quired to be made and paid by the pro-
visions of chapter IS of the Public Stat
utes (Chapter IS of the General Laws,
as proposed) and may likewise require
1 the statement under oath of any other
matters relating to such corporation.
/ (Sec. 1880 G. ID Said commissioner
may in his discretion, refuse to issue a
certificate, either original or in extern
+ sion, to any corporation if he believes
that such action will promote the gen
ieral good of the state; provided, how
/ ever, that said commissioner shall not
refuse TO issue a certificate, either orig
/ inal or in extension, to any such corpor-
alton which is lawfully doing business
T in this state on the first day of April,
nineteen hundred and fifteen if
/ J. Such corporation has complied
with the laws of the state, and if
! H. Such corporation has not subse-
quent to the passage of this act issued
any stock or in the case of public service
! corporations, any bonds, notes, or other
evidences of Indebtedness payable more
than one year from date of issue, the
/ proceeds of which are to be used for
the maintenance, improvement or en-
/ largement of its business in this state,
or for the reimbursement of moneys
actually expended for such purposes, ex-
{ cept in accordance with the provisions
of law applicable to similar domestic
corporations.
+ (Sec. 1893 G. ID The public service
commission shall have jurisdiction to ap-
prove such stock and bond issues by
such public service corporations in like
manner as in the case of domestic cor
Iporations.
| Sec. 3. Section 5 of No. 50 of the
acts of 1915 (Sec. 48o7 of the General
Laws, as proposed) is hereby amended
so as to read as follows:
/ Sec. 5. (Sec. 1897 @. L. A foreign
corporation shall not do any business in
this state which is under the regulation
of the public service commission unless
/ it has a certificate of authority issued
by such commission. All the provisions
of section 3 (Secs. 1884 TO 1880, both in
elusive, of the General Laws, as pro-
posed hereof shall apply to such GER
tifcate except that wherever in section
g (such sections) the commissioner Of
foreign corporations is designated, the
public service commission shall be sub
lstituted.
/ Sec. q. Section II of No. 50 of the
acts of 1915 (Sec. 4So6 of the General
Laws, as proposed) is hereby amended
$50 as to read as follows:
Sec. II. (Sec. 1870 g. l. A copy
of any instrument, paper, or document
required by this act to be filed with the
secretary of state shall. when il and the
date of the filing of the original IS certi-