Year: 1875

the purpose of vacating the charter annulling
the existence of corporation, the summons shall


be served personally upon. some officer of the
corporation named as defendant therein, If to be
found within the State. Such service may
be made by the Sheriff OF any county
within this State. If any. Sheriff to
whom any such summons shall be delivered
for service shall make return thereon that no
officer of such corporation can. after due dill


gence, be found within this State and shall verify


such return by his affidavit, the Attorney
sha- cause a copy OF such summons to be pub
lished in the official State paper or some daily


newspaper printed and published in the city of
Madison once in each week for four () successive


weeks and upon filing such proof of such publlca-


ton is required by subdivision three l3) of Sec.


thirteen Q3) of Chap: one hundred and twenty
four (12D of the Revised Statutes with the Clerk
of the court in which the action is brought the
service of the summons ashau be deemed COM


plete and the court shall proceed as though per-
sonal service had been duly made upon such COR
pors ion.


SEC. ,. fit shall be adjudged that corpora
hon against which an action shall have been


brought has by neglect, abuse or surrender for


feited its corporate rights privileges franchises
Judgment shall be rendered that the corporation
be excluded from such corporate rights, privi-
leges and franchises and that the corporation be


dissolved, and thereupon the affairs OF such cor
poration shall be wound up by and under the


direction of receiver, to be appointed by the


Circuit Court, andits property sold and converted


into money and the proceeds, after paying the


costs and expenses. of the receivership
and proceedings, shall be paid and dis
GrlDuleu III tHC lOuON1uS OIucI. " WIZ lot.


For the payment of taxes and debts due to the


United States, the State of Wisconsin and any
county, city, town or village therein; I'd. Legal


and equitable liens upon the property of said COR


poration in their order of priority; 3D. The just


debts of such corporation liable, which liens and


debts shall be ascertained by said court upon such
notice and IN such manner as it shall prescribe;


4th. The rest and residue of such moneys shall be


distributed among the stockholders of such COR
poration.


Sec. 3. If such action shall be pending in the


Circuit Court then such receiver shall be appointed


in and by the judgment of dissolution. or by sub
sequent order founded thereon. If it shall be


pending in the Supreme Court then it shall be


commence an action in the proper circuit for the


appointment of such receiver and the winding up


of the affairs of such corporation, and after such
judgment of dissolution the corporation shall eX-
list until receiver shall be so appointed and un-
| til he shall be qualified and duly invested with
The property of said corporation, but such corpo-
ration shall not, after such Judgment of dlssolu-
ton, be able to do any other act than to make
over it's assets to such receiver as shall be ap.
pointed pursuant to the provisions of this act:
SEC. d. The provisions of this act shall, so far


as they relate to the distribution of property of
the corporation and actions to appoint receivers
therefor, apply to any corporation against which
proceedings are now pending and to any corpora
ton whose charter has been or may hereafter be
repealed by the act of the Legislature or other


wise annuled thereby.
SEC. 5. All acts or parts of acts so far as they


contravene the provisions of this act are hereby


repealed.


SEC 6. This act shall take effect and be in force


from and after it's passage and publication


Approved March 5, 1875. COPY.