Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/45109/
Timestamp: 2019-09-20 02:11:24
Document Index: 55567925

Matched Legal Cases: ['§ 1', '§ 2', '§ 3', '§ 4', '§ 8', '§ 1', '§ 2', '§ 3', '§ 4', '§ 8']

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2-12 LAWS OF
ST. LOUIS GAS LIGHT COMPANY.
AN ACT to amend the charier of the St. Louis G«s Light Company,
Sec   1. Former act of incorporation amended.
2. Second section altered so as to increase the capital stock, &c.
3. Fifth section of the former act amended.
4. Eighth, ninth and tenth,     "        "
5. Thirteenth, "        "
6. Fourteenth, "        "
7. Fifteenth,
8. Twentieth and twenty-first. "
9. Thirtieth, "
10. Twenty-seventh, twenty-cigth, and thirty-first.
11. Corporation allowed to take such stock of the company, and
12. Notes, bonds, &c, may be taken in payment thereof; company may reeeive funds ow
13. Powers of said corporation.
14. What considered a sufficient notice.
15. Corporate name may be used for the settlement of the corporate affairs,
16. Corporation may insure against fire, &c.
17. Rights of other companies extended to this.
18. Date of effect of this act; mode of accepting these amendments.
Whereas, an act was passed by the General Assembly of this State at its
last session incorporating " The St. Louis Gas Light Company," for certain purposes therein named : and whereas, the board of directors of said company have-
petitioned this General Assembly for certain amendments thereto, for the want
of which they have experienced much inconvenience and delay:—Therefore,
Be it enacted by the, General Assembly of the Slate of Missouri, as follows:
§ 1. That the act entitled " an act to incorporate the St. Louis Gas-Light
Company," approved February 4th, 1837, be, and the same is hereby, altered
and amended as follows.
§ 2. The second section of the said act shall read as follows:
<3 2. " The capital stock of the said company shall be one hundred thousand
dollars, which may be increased to any amount not to exceed six hundred thousand dollars, whenever, and in such proportions as the board of directors of the
company shall think proper; to be divided into shares of one hundred dollars
each, and to be paid in by instalments, at such times and places, and in such
proportions as the said board for the time being may think proper ; public notice of which shall in all cases be given. Should any failure of payment on any
instalment take place, on the part of the person subscribing, or bound to pay
the same, on requisition as aforesaid, then the party so failing shall lose the benefit of any dividend which may have accrued to him, prior to the time directed
for making the payment, and during the delay of the same ; and if such failure
of payment shall take place before fifty dollars on each and every share shall
have been paid in, then the party failing shall forfeit, for the benefit of the company, such sum as shall at that time have been paid in, and he shall cease to be
a stockholder in the said company."
§ 3. The fifth section of said, act shall be amended, by adding at the end
thereof the words, " or as shall be agreed upon with them by the said board oi
directors, or their authorized agent."
§ 4. The eighth, ninth and tenth sections shall read as follows:
§ 8. " The stock, property and affairs of the company shall be managed and
conducted by a board of six directors, who shall be citizens of this State, and of
the United States, and shall each own at least ten shares of the capital stock of
the company. The directors shall be elected for two years, on the first Monday
of December in each year, and public notice of every meeting for that purpose
Identifier LAWS_9th_1836-1838_0577.tif
Transcript 2-12 LAWS OF ST. LOUIS GAS LIGHT COMPANY. AN ACT to amend the charier of the St. Louis G«s Light Company, Sec 1. Former act of incorporation amended. 2. Second section altered so as to increase the capital stock, &c. 3. Fifth section of the former act amended. 4. Eighth, ninth and tenth, " " 5. Thirteenth, " " 6. Fourteenth, " " 7. Fifteenth, 8. Twentieth and twenty-first. " 9. Thirtieth, " 10. Twenty-seventh, twenty-cigth, and thirty-first. 11. Corporation allowed to take such stock of the company, and 12. Notes, bonds, &c, may be taken in payment thereof; company may reeeive funds ow deposit. 13. Powers of said corporation. 14. What considered a sufficient notice. 15. Corporate name may be used for the settlement of the corporate affairs, 16. Corporation may insure against fire, &c. 17. Rights of other companies extended to this. 18. Date of effect of this act; mode of accepting these amendments. Whereas, an act was passed by the General Assembly of this State at its last session incorporating " The St. Louis Gas Light Company," for certain purposes therein named : and whereas, the board of directors of said company have- petitioned this General Assembly for certain amendments thereto, for the want of which they have experienced much inconvenience and delay:—Therefore, Be it enacted by the, General Assembly of the Slate of Missouri, as follows: § 1. That the act entitled " an act to incorporate the St. Louis Gas-Light Company," approved February 4th, 1837, be, and the same is hereby, altered and amended as follows. § 2. The second section of the said act shall read as follows: <3 2. " The capital stock of the said company shall be one hundred thousand dollars, which may be increased to any amount not to exceed six hundred thousand dollars, whenever, and in such proportions as the board of directors of the company shall think proper; to be divided into shares of one hundred dollars each, and to be paid in by instalments, at such times and places, and in such proportions as the said board for the time being may think proper ; public notice of which shall in all cases be given. Should any failure of payment on any instalment take place, on the part of the person subscribing, or bound to pay the same, on requisition as aforesaid, then the party so failing shall lose the benefit of any dividend which may have accrued to him, prior to the time directed for making the payment, and during the delay of the same ; and if such failure of payment shall take place before fifty dollars on each and every share shall have been paid in, then the party failing shall forfeit, for the benefit of the company, such sum as shall at that time have been paid in, and he shall cease to be a stockholder in the said company." § 3. The fifth section of said, act shall be amended, by adding at the end thereof the words, " or as shall be agreed upon with them by the said board oi directors, or their authorized agent." § 4. The eighth, ninth and tenth sections shall read as follows: § 8. " The stock, property and affairs of the company shall be managed and conducted by a board of six directors, who shall be citizens of this State, and of the United States, and shall each own at least ten shares of the capital stock of the company. The directors shall be elected for two years, on the first Monday of December in each year, and public notice of every meeting for that purpose