[The figures refer to the sections.] Order of business for first meeting of a corporation, page 99. by surviving incorporators, 179, 206. Outside of state, business may be carried on, 11, 15, 50. Penalties for breach of by-laws, twenty dollars, 1. Pipes in street for steam, 182, 183. Places of business may be out of this state, 15, 50. to be designated in certificate of organization, 11, 15.. Plank road company, residence of directors, 108. re-organization of, 132. Police powers of directors of fairs, 201. Poll at election to be open at least one hour, 37. no others shall be possessed, 3. banking, never implied, 4. vest in every corporation without being specified, 2. company specially chartered, 8, 14. and in company formed under any general law, 9, 14.. Preferred stock may be issued, 25, 144. and increased, 116. may have special voting power, 17. dividends to be paid only from profits, 25 (g). on dissolution it is preferred, 25. President to be chosen from the directors, 17. elected by directors or stockholders, as by-laws provide, 17. how enforced, 93, 94. Principal place of business to be specified in certificate, 11, 15. outside of this state, 15. may be removed, 125. to be set forth in annual statement, 49. Process against corporations to be summons, 87. Profits and surplus only to be divided, 7, 25 (g). in litigation may be sold free of liens, 84. taxation of, 105, 123, 157-164, 174. Property purchased" with stock, 55, 144. [The figures refer to the sections.] Proxy, at stockholders' meeting, 21, 38. good for only three years, 38. requirements of, 21 (c). Publication, notice of first meeting, 22. on dissolution, 34. of summons, 90. Purchase of property, 1. Purposes for which company may be formed, 10, 107, 124, 132, 154, 170, 182, 188, 192, 202. Quo warranto to investigate right to office, 44. Railroad company not authorized by this act, 10. may be operated by company under this act, 202. franchise sold, 85, 203. Real estate, power to hold and convey, 1, 99, 137, 150. Receivers of a dissolved corporation, powers and duties, 60, 62. an insolvent corporation, how appointed, 70, 72. appeal from, to chancellor, 82. business to cease on appointment of, 83. death does not abate suit, 81, 149. distribution of assets, 62, 80). inventory and accounts to be filed, 76. majority may act, 79. oath of, 73. power to close out assets, etc., 72, 84. compound debts, 77. examine witnesses, 74. make search and break doors, 75. sue, compound, allow set-offs, etc., 77. qualification of, 73. removal of, 79. substitution of, in pending suits, 81. Reclamation of land, company for, 10. Redemption of preferred shares, 25. Reduction of capital stock, how effected, 33, 117, 120, 138, 169. Removal of receivers, 79. principal office, 125. Re-organization of turnpike, bridge company, etc., 132. Re-organized company may mortgage property, 121. bank may issue new stock, 120. manufacturing company may issue stock or bonds, 139. [The figures refer to the sections.] Repeal of this act may be passed, 35. delinquent taxpayers, 211, 214. Reserve of manufacturing corporations limited, 52. water or manufacturing companies, 112, 133, 218. Restrictions on sale of stock may be removed, 217. Safe deposit and trust companies, 170-173. Salaries may be allowed to officers and agents, 1. Sale of franchise of corporation having works of public nature, 85, 203. stock on which assessments are unpaid, 28, 29. limitations on may be removed, 207. mortgaged property in litigation free of liens, 84. Savings bank not authorized by this act, 10. Schedule of property to be furnished to sheriff having execution, 66. Seal, power to make and alter, 1. Secretary, every company must have one, 16. chosen annually, 18. duties, 18. liability for not certifying that the capital is fully paid up, 32. oath of office, 18. exhibiting a list of stockholders, 36. vacancy filled as by-laws provide, 20. Shares are personal property, 26. See STOCK. Sole corporation has all powers granted in the act, 8. Special charters, how applied for, 97. Specially chartered company has all powers in this act, 8. may decrease capital, 117. State's fee on filing certificates, 145, 146, 147, 195. Statement to be filed annually, 49. on dissolution, 113. of payment of capital, 30, 31, 55. failure to file, does not dissolve, 205. Steam heat or power companies may lay pipes in streets, 182. Stock, amount to be specified in certificate of organization, 11. assessable until fully paid up, 27. to be open to inspection, 36. certificate, every shareholder to have, 23, 29. when fully paid up, 30. new one, when lost, 140. "issued for property purchased," 55. [The figures refer to the sections.] Stock, change of par value of shares, 118. common and preferred, 25. fully paid up, certificate to be filed, 30, 31. guaranteed, 144. held by the company not to be voted on, 43. increase of amount, 24, 31, 32, 116, 119, 135, 193, 194. issues within original limit, 220. may be issued until limit reached, 24. money must be paid in, 54. mutual associations may issue, 185. par value of shares may be changed, 118. partly paid up, holder liable for balance, 5. paid up in money, 54, 116. preferred, see PREFERRED STOCK. property may be bought with, 55, 144. reduction of capital, how effected, 33, 117, 120, 138, 169. restrictions on sale of, may be removed, 207. sale for non-payment of assessments, 28, 29. shares are personal property, 26. transfers regulated by by-laws, 1, 26. transferable on company's books, 26. transferred within twenty days before election cannot be voted on, 38. votes, one for each share, 38. of one corporation held by another, 168, 189, 191, 219. books to be open to inspection thirty days before election, 36. the only evidence of right to vote, 36. kept in this state at principal office, 50. Stockholders, certificate of stock, 23. proceedings when lost, 140, 141, 142. consent to dissolution, 34. liability for amounts of capital withdrawn, 33, 53. how enforced, 93, 94. limitation of powers of, 11. list of, for elections, 36, 41. to be open to inspection, 36. meetings to be in this state, 50. in case of insolvency, 69. non-residents may vote, 40. notwithstanding hypothecation, may vote, 39. paying company's debts may recover, 95. property vests in, on dissolution, 64. trustee, executor, etc., may vote, 39. [The figures refer to the sections.] Stockholders, vote, by proxy, 21. Streets, pipes in, 182, 183. Submerged lands, company for improvement of, 10. Subscriptions may be reduced, rejected or apportioned, 209. Succession, limitation of, 1, 11. Suits, power to bring and defend, 1. to be by summons; method of service, 87, 88, 89, 90, 134. method of service on foreign corporations, 88. publication when summons not served, 90. makes suit a lien on lands, 91. not abated by dissolution, 65, 92. Substitution of receiver, 81. nor by death of receiver, 149. Supreme court will investigate elections, 44, 46. may order books brought into state, 50. Surplus and profits only to be divided, 7, 25 (g). of manufacturing company reserved for working capital, 52. Suspension of charter by legislature, 6. Tax on filing certificates, 145, 146, 147, 148, 195. delinquents, 210-217. Taxation, property to be taxed like that of an individual, 105, 174. special exemptions from, not extended, 136. franchise, act of 1884, 157-164. Term of office of president, 17, 19. secretary, 18. treasurer, 18. other officers and agents, 19. Terminal companies, 204. Title company may be formed, 10. Trading companies may be formed under this act, 10. accommodate customers, 1. Transfer or merger of franchise to be recorded, 100. for hypothecation must state the fact, 26. within twenty days before election forfeits vote, 38. determine who may vote, 45, 46. Transportation company may be formed, 10. Treasurer, every corporation must have one, 16. |