Source: http://mdh.contentdm.oclc.org/cdm/ref/collection/molaws/id/46550/
Timestamp: 2019-08-21 04:03:15
Document Index: 721147598

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

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242 LAWS   OF
AN ACT to amend the charter of the St. Louis Gas Light Company.
Sec. I. Former act of incorporation amended.
2. Second section altered, so as to increase the capital stock &c.
4. Eighth, ninth and tenth,      "       "
5. Thirteenth, "    " "
6. Fourteenth, "    " "
7. Fifteenth, "    " "
8. Twentieth and twenty-first, "
10. Twenty-seventh, twenty-eighth and thirty-first,        "
11. Corporation allowed to take stock of the company, and
12. Notes, bonds &.C., may be taken in payment thereof; company may receive funds on deposit,
15. Corporate name may be used foi the settlement of the corporate affairs.
16. Corporation may insure against fire &c.
last session incorporating "The St. Louis Gas-Light Company," for certain purposes therein named: and Whereas, the board of directors of said company have
§ 1. That the act entitled "an act to incorporate the St. Louis Gas-Light
§. 2.    The second section of the said act shall read as follows:
§ 2. "The capital stock of the said company shall be one hundred thousand
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
§ 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 of
§ 4.    The eighth, ninth and tenth sections shall read as follows;
§ 8. "The stock, property and affairs of the company shall be managed and
Identifier LAWS_10th_1838-1839_0242.tif
Transcript 242 LAWS OF ST. LOUIS GAS LIGHT COMPANY. AN ACT to amend the charter of the St. Louis Gas Light Company. Sec. I. 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-eighth and thirty-first, " 11. Corporation allowed to take stock of the company, and 12. Notes, bonds &.C., may be taken in payment thereof; company may receive funds on deposit, 13. Powers of said corporation. 14. What considered a sufficient notice. 15. Corporate name may be used foi 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, Beit enacted by the General Assembly of the State 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: § 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 of 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