104 FORTY—FIRST CONGRESS. Sess. II. Ch. 80. 1870. M¤¤¤l`=*°*¤¥`l¤S» The president and a. majority of the trustees, within thirty days afier &e.oorpomtions. . _ . _ _ . the payment of the last mstalment of the capital stock so fixed and lim- Cutmmm ited by the company, shall make a certificate stating the amount of the thqgeapmngs capital so fixed and paid in, which certilicate shall be signed and sworn Egg ¤:g§*;·`:§m to by the nresident and :1 majority of the trustees; and they shall within wmgd m;,0,Aed_ tlgilsandjtlnrty d?); lrecord the same in the office of the register of deeds o ie 1sr1c 0 ourn la. Mmm, report Every such company shall annually, within twenty days from the first to be published of January, make a report, which shall be published in a newspaper in Md mm Wlmll the District of Columbia, which shall state the amount of capital, and of the proportion actually paid, and the amount of its existing debts; which to be S; ned, re ort shall be signed by the president and a majority of the trustees, and §d‘i;%¤`¤ Wind sllgll be verified by the oath of the president or secretary of said com- ° pany, and filed in the office of the register of deeds of the District of T,u,m,sm,bm Columbia; and if any of the said companies shall fail so to do, all the for debts if ro- trustees of the company sh-all be jointly and severally liable for the debts ggzls “°° ‘““d°· of the compzmylthen existing, and for all that shall be contracted before suc re ort sha be made. ifthey declare If thi trustees of any such company shall declare and pay any divig?gJ;*;>;i;’°”’·l“ dend the payment of which would render it insolvent, or which would ' diminish the amount of its capital stock, they shall be jointly and severally liable for all the debts of the company then existing, and for all that shall be thereafter contracted, while they shall respectively remain in _ Trustees ob- office: Provided, That if any of the trustees shall object to the declaring ‘·f§;,";¥>\Q0l‘é’Ka_ of. such dividend, or the payment of the same, and shall at any time bjligy, before the time fixed for the payment thereof, file a certificate of their objection indwigtiné wgth Ithe secretary of the company and with the register o ee s 0 the istrict of Columbia, they shall be exempt from the said liability. Money onlyto Nothing but money shall be considered as a ment of an art of the
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- e;l€‘i)"E";‘:0l;;Y‘ capital stock, and no loan of money shall bcnhalde by any sdlchl company
Nolggranto any stockholder therein; and it' any such loan shall be made to et ¤¤>¤l<l¤>l<l¤¤"S· stockholder, the officers who shall make it, or who shall assent thereto, penny, shall be yoilntlyl alnd sevelrally liable to the extent of such loan and interest, br a the e ts 0 the company contracted while they are stockholders or officers thereofl _ Omem sign- If any certificate or report made; or public notice given by the officers mg false reports of an com · f· · · · l _ knowingly to be I y pany m pursuance 0 the provisions of this act, should be false
$328 ggnitélykxrnirtyelrnjxlireggeserrlafion, gtllltlge officers wh; shall Tv? sgsned the
· , C, e use, s a e om an severa la e ora the dtelbts of the company contracted wliile they are stockll/olders or officers ereo . ingilglglcs ;‘;’gd£_ Nolperson holding stock in such company as executor, administrator, B,,,,,,,,.,,',,.,,,,,,,,, guardian, or trustee, and no person holding such stock as collateral ogcsagollatltgratl) Security, Shall be personally subject to any liability as stockholder of be ,,8,,%],,,1,), Such ¤0f¤pé1¤y; but the person pledging such stock shall be considered ligwe, as holding the same, and shall be liable as a stockholder accordingly; iS1ia*;)·{:¤dWh¤¤nnd the estate and funds m the hands of such executor, administlwor, gll2;;)dIill,tOl£ trustee, shall be liable in like manner and to the same extent us e es a or or intestate, or the ward or crson interested in such trust Qing gvulgl lrave lhleen if he had been livljng and competent to act mid e e s oc: m is own name. Whotorepre. Every such executor, administrator, uardiun or trustee shall re>re-
ggld sent the stock in his hands at all megtiugs oflthe compaimy, and rlway
collateral_ Vote accordingly as a. stockholder; and every person who shall pledge his stock as aforesaid may, ncyerthelcss, represent the same at all such Persommabu- meetings, and may vote accordmgly as a stockholder. ity for debts th. 6 Stccklloldlers of any companyorrgzmlzed under the provisions Of IS act shall, jointly, severally, and mdxvidually, be liable for all debts
