Laws of the Territory of Oregon Enacted During the Ninth Regular Session of the Legislative Assembly, Begun December 7, 1857, Concluded February 5, 1858

Laws of the Territory of Oregon Enacted During the Ninth Regular Session of the Legislative Assembly, Begun December 7, 1857, Concluded February 5, 1858

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1858 edition. Excerpt: ...and the restrictions and limitations in this act. Sac. 2. The capital stock of this company may be twenty thousand dollars, divided into shares of one hundred dollars each, transferable in entire shares, in such manner as the rules of the corporation may hereafter prescribe; Provided, That no stockholder shall, without the consent of the directors, be at liberty to transfer his stock, after any installment shall be ordered, until such stockholder shall have paid the money due on his stock. Sac. 3. The persons named in the first section of this act, or any two of them, shall be commissioners to receive subscriptions and perform all necessary acts to organize said company, and they are hereby authorized and empowered to cause books to be opened, at such times and places as a majority of the commissioners shall think proper, to receive subscriptions to the capital stock of said company. Sac. 4. That when forty shares shall have been subscribed, the commissioners shall 'cause a meeting of the-subscribers, by causing notice of the time and place thereof to be posted up in at least four public places in said county of Jackson, not less than ten days previous to the time of meeting; at which time and place those present shall proceed to elect directors, who shall serve until the first annual ' election, and until their successors are chosen and qualified, and adopt such by-laws and regulations for the government of the corporation as by them may be deemed expedient; the stockholders to vote either in person or by proxy, each stockholder being entitled to one vote for each share of stock he may have in said company. SEc. 5. The aflairs of said corporation shall be governed by three directors, or a majority of them, who shall be elected on the...show more

Product details

  • Paperback | 60 pages
  • 189 x 246 x 3mm | 127g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123684033X
  • 9781236840332