E.

ELECTIONS OF TRUSTEES to be annual, 9.

notice of, 10.

by whom, 10.

to be by ballot, 10.

neglect to hold, on day appointed, 10.

persons holding stock as executors, administrators, guardians

or trustees, may vote at, 20.

pledgor of stock may vote at, 20.

ELEVATORS, companies using and constructing, may be incorpo

rated, 8, 9.

EXECUTOR holding stock and not personally liable, 19.

may represent share of stock in his hands, and vote as stockholder, 20.

EXISTING COMPANIES may avail themselves of the provisions of this act, 21.

EVIDENCE, certified copy certificate of incorporation to be, 14.

book containing names of stockholders, numbers of shares held by each, and other particulars, to be evidence, 25.

F.

FALSE REPORT, liability of officers of company for making, 19.
FORFEITURE OF STOCK, for not paying calls, 12, 14.

FORM of certificate of incorporation, where business to be carried on within the State, 31.

of certificate of incorporation, where business to be carried on in part out of the State, 32.

FUNDS, not to be used to purchase stock in any other corporation,

14.

G.

GUANO, companies formed for mining of, 4.

GUARDIAN holding stock not personally liable, 19.

may represent share of stock in his hands, and vote as stock. holder, 20.

I.

ICE COMPANIES may be formed under this act, 7, 8.

INDIVIDUAL LIABILITY. See Liability.

INSOLVENT, dividends not to be paid when company is, 18.

L.

LABORERS, liability of stockholders for debt to, 20. LEGISLATURE, powers of, over companies found under this act, 20. LIABILITY of stockholders to creditors, 14, 24.

to laborers, servants and apprentices, 20.

limited, 24.

of trustees, for debts, by not making and filing annual report, 16.

of trustees, for paying dividends when company insolvent,

18.

of officers, for money loaned to stockholders, 19.

of officers, for making false report, 19.

of persons holding stock as executors, administrators, guardians or trustees, and of pledges of stock, 19.

when not impaired by dissolution of company, 20.

of trustees, when indebtedness of company exceeds capital stock, 23.

LOAN OF MONEY to stockholders prohibited, 19.

M.

MEETINGS of stockholders for certain purposes, how called, 21. of stockholders for certain purposes, how organized, 22. MINERAL WATERS, corporations for bottling, may be formed under

this act, 8.

MONEY only to be considered as payment for capital stock, 19. not to be loaned to any stockholder, 19.

MORTGAGE, corporations may make, 23.

OFFICERS.to be elected, 9, 12.

0.

may be required to give security, 12.

liability of, for money loaned to stockholders, 19.

liability of, for making false report, 19.

neglecting to make entries in book of stockholders, transfers, &c., or to allow an inspection of such book, guilty of a misdemeanor, 24.

See President, Trustees.

3

P.

PENALTIES, for not keeping record of stockholders, stock transfers, &c., 24, 25.

against treasurer for not making and filing statement of the

affairs of the company when duly requested, 29, 30.

PLEDGEE of stock not personally liable, 19.

PLEDGOR of stock to remain personally liable, 19. of stock may vote as stockholder, 20.

PRESIDENT and subordinate officers to be elected, 12.

to make and record a certificate of the payment of capital stock, 16.

to make and file annual report of amount of capital paid, debts, &c., 16.

PROPERTY OF CORPORATIONS may be purchased, held and conveyed, 9.

may be mortgaged, 23.

trustees to manage, 9.

PROXY, votes by, for trustees, 10.

R.

RECEIVER of dissolved corporations, powers of, 28,

REPORT to be made annually of amount of capital, debts, &c., 16. false, liability of officers for making, 19.

REVISED STATUTES, certain provisions of, applicable to corporations formed under this act, 26.

provisions of, applicable to companies to manufacture salt, 16.

S.

SALT, companies for the manufacture of, when capital stock to be paid in, 15.

companies for manufacture of, provisions of Revised Statutes

as to, 16.

SEAL, See Common Seal.

SERVANTS, liability of stockholders for debts to, 20.

SHARES of stock may be forfeited, 12.

See Stock.

STOCK, trustees to manage, 9.

forfeiture of, 12.

may be issued to pay for mines, manufactories and other property purchased by trustees, 13.

STOCK, issued to pay for property, not to be reported as cash, 13. to be deemed personal estate, 14.

how transferred, 14, 25.

in other corporations, not to be bought, 14.
when to be paid in, 14, 15.

transfer of, not to be valid unless registered, 25. STOCKHOLDERS, votes of, for trustees, 8.

of stock issued, to pay for property purchased, not liable for further payments under section ten, 9.

liability of, to creditors, 11, 15, 22.

money not to be loaned to, 14.

who are executors, administrators, guardians or trustees, not personally liable, 14.

who hold only as pledgees, 14.

pledgors of stock remain liable as, 14.

executors administrators, guardians and trustees may vote as, 15.

pledgor of stock may vote as, 15.

liable for debts due laborers, servants and apprentices, 15. meetings of, for certain purposes, how called, 16.

liability of, limited, 18, 19.

book containing names of, and number of shares held by, to be kept, 19, 20.

to have free access to records of names of stockholders, 20. may require treasurer to make statement of affairs of company, 24.

SUBSCRIPTIONS, trustees may call in, 12.

T.

TRANSFER OF STOCK, how effected, 14, 25.

not to be valid unless registered, 25.

TREASURER or clerk to keep record of stockholders, transfers of stock, &c., 29.

to make up statement of the affairs of the company, 29. TRUSTEE, persons holding stock as, not personally liable, 19. may represent share of stock in his hands, and vote as stockholder, 20.

TRUSTEES, number of, 9, 11.

qualifications of, 9.

how chosen, 9.

TRUSTEES, vacancies, how filled, 10.

when acts of, are not to be questioned, 10.
effect of neglect to hold election for, 10.
may act till successors elected, 10.
number of, may be increased, 11.

may call in subscriptions, 12.

may purchase mines, manufactories and other property necessary, and pay for the same with stock, 13.

may make by-laws, 13.

majority of, to make and record certificate of payment of capital stock, 16.

majority of, to make and file annual report of amount of capital paid, debts, &c., 16.

when liable for debts, for not making and filing annual report, 16.

liability of, for paying dividenda when company is insolvent, 18.

how they may exempt themselves from liability in certain cases, 18.

duty of, in calling meetings for certain purposes, 21.

liability of, when indebtedness of company exceeds capital stock, 23.

to cause a record of names of stockholders to be kept, 24, 25. majority may act, 27.

powers of, on a dissolution of corporation, 28.

V.

VACANCIES in office of trustees, how filled, 10.

VESSELS, the raising of, 8.

the towing of, and carrying freight and passengers upon, 8. VOTES may be by proxy, 10.

may be by executors, administrators, guardian or trustee, 20. may be by one who has pledged his stock, 20.

W.

WAREHOUSES, companies using and constructing, 8, 9.

WRECKS, companies for saving and protecting, may be organized under this law, 8.