Page:United States Statutes at Large Volume 26.djvu/685

FIFTY-FIRST CONGRESS. Sess. I. Ch. 1246. 1890. 631 individually liable for such excess to the creditors of the compan after the additional liability of the stockholders has been enforced? Sec. 28. That no person holding stock in such com any as executor, h Qrecuw rs. ctc., administrator, Tiardian, or trustee shall be personally subject to any S§,,°,l,ii’,$;i¤°Y,€,l$’°°tp°" liability as stoc · older of such company, but the estate and funds in the hands of such executor, administrator, guardian, or trustee shall be liable in like manner and to the same extent as the testator or in- ' testate or the ward or the person interested in such trust fund would have been if he had been 'ving and competent to act and hold the stock in his own name. SE.c. 29. That any corporation which may be formed under this migkmm ¤f cnpivui chapter may increase its capital stock by complying with the provis— ' ions of this chapter to any amount which may be deemed sufficient and proper for the purposes of the corporation. Sec. 30. That a copy of any certificate of incorporation filed in mgm copy nf pursuance of this chapter, certified by the recorder of deeds to be a five evadehcgrgimxit true copy and the who e of such certincate, shall be received in all ”°“‘“· cpurctp and places as presumptive legal evidence of the facts therein . s at . Sec. 31. That no bond or other collateral security, except as here- coivbeiidriinglired ot . inafter stated, shall be required from any trust company incorporated pc1¤m°ym¤lY¤cc,etd°` under this act for or in respect to any trust, nor w en appointed trustee, guardian, receiver, executor, or administrator, with or without the will annexed, committee of the estate of alunatic or idiot, or other nduciary appointment; but the capital stock subscribed for or mgm stuck, etc., taken, and all property owned by said company and the amount for '°°“"“’· which said stockholders shall be liable in excess of their stock, shall be taken and considered as the security required by law for the faithful performance of its dutie and shal be absolute y liable in case of any default whatever; and in case of the insolvency or dissolution of dmlmw °i¤;c¤¤·¤¤ said company the debts due from the said company as trustee, guar- Nm' ' dian, receiver, executor, or administrator, committee of the estate of lunatics, idiots, or any other fiduciary appointment, shall have a preference. Sec. 32. That the supreme court of the District of Columbia, or Supreme com, Disany justice thereof, shall have power to make orders respecting such Z?f§§fo€3§¥,Y‘2Qf‘§§ company whenever it shall have been apppinted trustee, guardian, *°¤¤¤<>¤¤¢¤· pic; receiver, executor, or administrator wit or without the will annexed, committee of the estate of a hmatic, idiot, or any other fiduciary, and require the said company to render all accounts which mig t lawfully be made or required by any court or any justice thereof if such trustee, guardian, receiver, executor, administrator with or without the will annexed, committee of the estate of a lunatic or idiot, or fiduciary were a natural person. And said court,. or any justice thereof, at any time, on app ication of any person interested, may appoint some suitable person to examine into the Examination. affairs and standing of such companies, w o shall make a full report thereof to the court, and said court, or any justice thereof, may at any time, in its discretion, require of said company a bond with sureties or other securities for the faithful performance of its obligations, and such sureties or other security s all be liable to the same extent and in the same manner as if given or pledged by a natural person. I Sec. 33. That no corporation or company organized by virtue of smct compliance the laws of any of the States of this Union an having its principal l,’{,,S*°°°°°’*’°'°"°““· place of business within the District of Columbia, sha carry on, in the District of Columbia, any of the kinds of business named in this act without strict compliance in all {particulars with the rovisions of this act for the government o such corporations fbrmed under it, and each one of the officers of the corporation or company so offending shall be punished by fine not exceeding one thousand I Punishment for pfdollars, or imprisonment in some States prison not exceeding one °°S°S‘