Laws of the State of Illinois 1861
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Capital Stock.— The capital stock of this company shall be (100,000) one hundred thousand dollars, and may be increased, from time to time, to five hundred thousand dollars, at the discretion of the stockholders, and shall be divided into shares of one hundred dollars each, which shall be con- INSUEAJS'CE COMPANIES.
sidered personal property, and shall be assigned only on tlie books of the company, under .the iides established by the directors.
§ 3. Officers. — When there shall have been subscr...ibed to the stock of this company one hundred thousand dollars, and the above incorporators and their associates shall have organized by the election of five directors, and those direct- ors shall have chosen from their number a president and ap- pointed a secretary and treasurer, and fifty thousand dollars shall luive been paid in upon said stock, it shall be deemed fully organized, and shall enjoy all the powers herein con- ferred.
§ PowEE OF CoEPORATiox. — Said corporation shall have power to make and execute all such by-laws and regu- lations as the directors may deem proper for the government of its affairs : Provided, they are not repugnant to the con- stitution and laws of this state nor of the United States.
What to read after Laws of the State of Illinois 1861?
You can find similar books in the "Read Also" column, or choose other free books by Illinois General Assembly to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Capital Stock.— The capital stock of this company shall be (100,000) one hundred thousand dollars, and may be increased, from time to time, to five hundred thousand dollars, at the discretion of the stockholders, and shall be divided into shares of one hundred dollars each, which shall be con- INSUEAJS'CE COMPANIES.
sidered personal property, and shall be assigned only on tlie books of the company, under .the iides established by the directors.
§ 3. Officers. — When there shall have been subscr...ibed to the stock of this company one hundred thousand dollars, and the above incorporators and their associates shall have organized by the election of five directors, and those direct- ors shall have chosen from their number a president and ap- pointed a secretary and treasurer, and fifty thousand dollars shall luive been paid in upon said stock, it shall be deemed fully organized, and shall enjoy all the powers herein con- ferred.
§ PowEE OF CoEPORATiox. — Said corporation shall have power to make and execute all such by-laws and regu- lations as the directors may deem proper for the government of its affairs : Provided, they are not repugnant to the con- stitution and laws of this state nor of the United States.
What to read after Laws of the State of Illinois 1861?
You can find similar books in the "Read Also" column, or choose other free books by Illinois General Assembly to read onlineMoreLess
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