Show rat raf jh AN aia acm ACT fon FOK associations aing MAX mas A and AM s SEC I 1 be it enacted by the governor and legislative assembly of afifie fhe the territory of utah that hereafter whenever any number of persons not less than six two thirds ot of whom being residents of this territory are desirous of associating themselves together for establishing and conducting any mining manu or rother lother industrial pursuit in this territory and who wish to incorporate for that purpose mabby complying with the provisions of this act cor eor corporate Borate 4 i HOW TO BE ile it I 1 SEC 2 they shall enter into an agreement in writing signed by bv each of af them and by at least four of their number acknowledged before the probate judge of f the county in which q h they h ey adv have e established or ingeni tores ta d ea ta blish thee their principal place la id af f business stating the precinct pre cint or cit yand y a 1 d stating the name of the asso association clation t toe e names and place places of residence written in full the time of its duration which shall any case be less than three years nor more than twenty nive five years J the pursuit or bu business siness magreed upon specifying it in general terms the place of its general business the amount of stock each party has subscribed of each share and the limit of bl capital stock agreed upon the number and kind of officers for the association with their qualification and term of office and the time and manner of their election re moval boval and resignation i an whether the prime prine op off the th a stockholders shall be liable for its obligations or not with such additional clauses as they deem necessary for the conducting of the future safety and ara welfare to this there diere shall be added the oath or affirmation of four or more of their number to the effect that they have commenced or itis it is intent to fo commence ai annd arid dagn lift carry on the business mentioned in the agreement and that the verily believe that each par party ty to the agreement has paid or is able to and d will pay the amount of his stock su sub scribed ascribed bed provided that said led gement shall shail inoff be made before the pro bro probate bate judge until twenty ave A pen pec cent of the stock subscribe diac each az shareholder shall pati pairin in SEC 3 the agreement ag n t with the oath or affirmation shail shall within ten days from its due execution bo be deposited with the probate clerk of the couri ty ayin ain aln which the general business is tol tob to be carried on and shall beby him recorded in a booked book to be ue prepared for th that rai purpose and kept I 1 whir office the ex exi exl i benses of which recording shall be pai pal paid 01 by the association SEC 4 before the dirst first or any other othen officers shall enter upon the duties of their respective offices they shall tale take and subscribe of en enin erin ter boncato the acceptance of the trie probate judge that they will discharge the duties of such office to the best of their and that they willmet wili will not nob do nor consent to the doing of any matter or thing relating to the busl busi business nese of the association with intent to defraud any stockholder or creditor or tle the public and the oath or affirmation and bonds shall be oled filed in said office and recorded SEC BEC 5 so soon as the agreement nim and oath or affirmation and oath of office and bonds are filed and recorded the clerk of the probate court shall under the direction of the probate judge issue seal of the counti Co certificate tod toz the association therein stating in general terms the tha facts that the agre agreement e and oath or affirmation and oath of office and bonds have been filed in his office which shall be sufficient to constitute the association a bodycot bod y corporate J po rate with succession as specified an a the agreement OF tue TUB CORPORATION ir 4 oho ohe emlon AA J t s m a in e shall have power to make contracts to 0 bug sub and in to be sued to have a seal which h alter at pleasure i ar ardd arid d bellot sel sei lot depose of personal 0 buy use sell seil or C dispose spose 0 biall all ali sueh such re real rexi 1 I estate aa as shall bo be necessary for its business and such as shall bo dt necessary for the collection of its ila atty r judgments or decrees in its bator but it shall shail not have pow power powen r to elten tater into r as a business the buying bu und mid selling bellini of real estate it t in 11 we make all such sueh bylaws by laws lawe rules if 70 04 idt 1 inconsistent with the laws in force f 6 1 ace 1 oil w mai may be A in lil lii torce morce lorce in Mis ry aila alia 9 or neo a 0 with other corporate rights ts a aad 4 d vested privileged legee as may be bc necessary ices aces to carry into of the association laws rules and still regulations maylee J laade in a ga general meeting odthe stockholders stock holders or by a board of officers elected by them it may as hereinafter provided lh increase crease its cap caf capital stock stoe stoc kor kon dissolve the corporation 11 as HOW THE CAPITAL STOCK MAY BE E EI I 1 SEC 7 if more capital than is first subscribed be needed the stockholders may omay 1 at ut any meeting called for that purpose bya fifo birds f nil nii all th the e stockholders increase the same by the sale of more moze shares and thereafter the stock may be iner increased eisie accordingly but in no case shall the capital stoc c exceed the sum of 0 two millions of do lars jars the stock subscribed under this section shall be taken by persons tw thirds hinds of whom shall bei residents ine lne territory SEC 8 any corporation formed under thia hi ach act ma may ya rate itself by its meers officers off omm presenting to t the probate Judge df the county 1 I ih which the principal office of the company is located a statement setting forth that at a meeting of the stockholders called for that purpose it was wash decided by a two thirds vote of all the stock holders to ann and dissolve the incorporation notice of df the application shall then be give given aby by the clerk which notice shall set forth the nature of the thi application ution and shall specify the timet and place at ltv which h ich ieh it is to be heard and shall be published in some newspaper haying havin general circulation in the territory once oneo A week for one month at the cheti time ime orphace or place appointed or at any other time or place to which it may abbe be postponed by the judge sai sat pa Judge shall proceed to consider the application and if satisfied that the corporation has taken the necessary vote to dissolve itself and anc that all ali cl aarns against against tb 0 aad afo d he be 11 f aa 1 WW 0 dr 45 q f 0 10 s SE RE 9 whenever r j 1 thib thi iber ther b shall ab all ail 16 be dissolved if shall bhail be debts or or claims due toja or debs jor jov p itic lilo it 01 J assed assefa th reaid reato io pe personal not converted antol lunue lunne money for distribution ine tue corporate at vj s sh all ail be continued fitgue d fot fo the tho va P boso bt co eding ing the debts claims dui and laying paying ita debt debts orb f ad sellin gd converting I 1 its a assets into money jeoney al and distributing the thie same saine among the stocky booy holders and if no qs of j 1 th the 01 object and intent section lection be provided in the agreement oray laws all ail iian liam powe on the application of any person inter ate gC ested sted tomake at alL ail 64 needful rp tordera or ers ors abid IJ u d g w s r baesl r car a 1 til e provision p F 41 inta effect p SEC BEC 10 the corporation shall collect co of the f M 4 11 brn ari ts iua ifa hafid aa sha sh CA alibe allbe I 1 de settled settle asyl akyi l by the agreement em u pr 0 ay law lt it shi ohi shall have alfen alien on the amount pal pai paia pala in and the dividends thereon for any an balance due for the stock of a delin delinquent u t oid oia erm ery F 11 0 41 ca 0 4 eji SEC M ai after being u ly qualified to act may continue to tract act unless removed for ml misconduct conduct until I 1 their successors are qualified I 1 i SEC 12 if from any cause the officers shall not ab nb t va pe elected at the time provided in the agreement or bylaws by laws such election may bernade at such huch other time as the officers and directors 8 appoint if such appointment be not made within three months then atthe call of any six bix stockholders SEC 13 it shall be the duty of the corporation to keep truland true and correct books of its proceedings and ano business SEC A 14 the stock hali hail hall be deemed personal property and may be transferred in such manner as may be provided the agreement or bylaws by laws i SEC 15 if the secretary clerk or other person having the charge of keeping the books of the corporation or gr any other person whose duty it is to 0 o make entries in iw sueh such books shall wilfully omit to make the proper entries 3 or shall knowingly knowing y and wilfully wilfully I 1 in mae e any fale faie and fictitious I 1 entries thira thi therein ra I 1 with i intent to 0 deceive or defraud tl tile tiie corporation or stockholder any credit creditor r or othet other pe person rEfon he lie and his couns counselors elar alders and aud abettors abet tors shall shai I 1 be deemed guilty of forgery and shall be e punished punish e I 1 as provided by y law 10 forthe faithe affie punishment of the orime crime offo of forgery i agery sm SEC 16 if any officer officer director employee or other p i r bayluk hay luk tie tiie tle chargo charge or management of any hy money nione 7 or other property bf of the tae corporation or T m any such money or othera otner other property sunil sir P pe an any y pi purpose a whatever s hall shall fraudulently m mis jj aply carry away secrete conceal arl or convert tordis own use any pech jech mon money ey oc or other t to defraud cefra u buch such corporation iona iorA korany stoc stockholder hoide holde r creditors oi or other person lie lle hta s e ois ors alders and abettors abet tors shall bal be heeme ee I 1 d guilty of embezzlement and s shall shail 11 he e punished as provided by law for the t punishment pun ishmen of embezzlement i SEC bec S ec 17 it shall be the duty of the clerk with whom the records in this act mentioned are kept at the request of any person interested therein oi ok who needs the same for eviden evidence ceon on being paid his fees to give a transcript transcripts of such record u under rider the seal of said court which transcript shall be bb conclusive evidence of such dand facie evidence of the i d j 1 j sc 18 nonuse non U use s e for two iwo years jears of bf the franchise herein glen given of bf non non nou comell of the provisions of this thid actie i a forfeiture of the C herein granted anted SEC 19 whenever a meeting 54 stockholders other othen than stated meet aeeti rug lug shall ishall be necessary notice shall shau be given in such manner man mau as may be pre 1 scribe eun cUn the agreement or bylaws by laws at all meetings each stockholder shall be ba entitled to ong vote vota for each share of stock which he her or she may have in 1 n his or her ow own owr right or pr any held by him or her in trust for ohe ra as av tor toi executor ar or guardian and sueh sucu votes may be given in or by an authorized agenten agen in 1 proxy SEC 20 jf af the agree menfi ment mentions ione ioni ed in section two OF or this act provid provide that the individual property of ehg 80 stockholders t kh 0 luers shall be lU lefor tiie tife cori cor i borate dirats obligations abl then sueh such property ty shall be deeme deemed dand and taked to be relia blear biear ble bie if it provide ahat that sueh such individual arp property erty ahau abar ahall not r pe be liable then it chapil shail be ibe deemed ardd arid taken to be bd hot bot liable provided th atthe joint johnt property afy the us association and the tho unpaid stoe stoc shall ba the de ma bt df 0 the asa as n bic SEC sic 21 the Gover norand Leg legislative islai ti va I 1 I 1 assembly sensibly As seni bly bix may hereafter modify or repe althis act abt but if it be iid relie repealed alb aib arth act may C continue for the pur purposes 09 e mentioned io lu elever eleven of df it ihl 1 at r fc 1 r 1 I mcw in t f i any approved february 18 1870 11 1361 t I 1 A 59 M 1 n I 1 11 u V anc |