The General Law of the State of New Jersey Concerning Corporations, Approved April 7, 1875, Together with Acts Amendatory, Supplementary, Or Relating Thereto, in Force July 1, 1889
Naar, Day & Naar, 1889 - 154 pages
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General Law of the State of New Jersey Concerning Corporations: Approved ...
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act entitled action additional aforesaid agreement Amends Amends section amount application appointed approved April Approved March association authorized bank bonds canal capital stock carrying cause certificate chancellor charter claims clerk commissioners consolidation contract copy corporation court created creditors dams debts deemed direct directors duty effect election existing filed fixed formed franchises further held hereafter hereby hold holders incorporated increase interest issued justice lands lawful lease less liable limited manner March meeting merger necessary notice organized original otherwise owner paid pany parties payment person pipes poration principal proceedings proper Proviso purchase railroad receiver receiver or receivers recorded Repealer resident respectively secretary shares stockholders streams supplement taken therein thereof thousand tion trustee or trustees trustees vote
Page 13 - To divide, withdraw, or in any manner pay to the stockholders, or any of them, any part of the capital stock of the corporation ; or to reduce such capital stock without the consent of the legislature ; or 3.
Page 123 - ... parties to such agreement, all and singular, the rights and interests in, and to, every species of property, real, personal and mixed; and things in action, shall be deemed to be transferred to, and vested in, such new corporation, without any other deed or transfer.
Page 35 - If the directors of any such company shall declare and pay any dividend when the company is insolvent, or any dividend the payment of which would render it insolvent, they shall be jointly and severally liable for all the debts of the company then existing...
Page 12 - To hold, purchase and convey such real and personal estate, as the purposes of the corporation shall require, not exceeding the amount limited in its charter:
Page 13 - Where the whole capital of a Corporation shall not have been paid in, and the capital paid shall be insufficient to satisfy the claims of its creditors, each stockholder shall be bound to pay, on each share held by him, the sum necessary to complete the amount of such share, as fixed by the Charter of the Company, or such proportion of that sum as shall be required to satisfy the debts of the Company.
Page 115 - ... shall be considered, and a vote by ballot taken for the adoption or rejection of the same, each share entitling the holder thereof to one vote, and...
Page 25 - ... which meeting shall be held between the hours of ten o'clock in the forenoon and three o'clock in the afternoon of the...
Page 14 - In case of any violation of the provisions of this section, the directors under whose administration the same may have happened, except those who may have caused their dissent therefrom to be entered at large upon the minutes of such directors...
Page 13 - No corporation created, or to be created, and not expressly incorporated for banking purposes, shall, by any implication or construction, be deemed to possess the power of discounting bills, notes, or other evidences of debt; of receiving deposits; of buying gold and silver, bullion, or foreign coins; of buying and selling bills of exchange; or of issuing bills, notes, or other evidences of debt, upon loan, or for circulation as money.