Certified copy with Secretary of State........... Copy of to be in principal office in State. Of other corporations, may hold. Convertible into common stock... May be issued for preferred stock, when Articles of incorporation, original to be filed with County Clerk. Bonds, exempt from taxation when owned by non-residents 110 Books, to be open to members.. Containing names of members alphabetically arranged. Of account, false entry in, a misdemeanor Certificate, of appointment of officers to be filed with Secretary of State 28 3 24 12 3 3 3 7 21 36 13 36. 13 24 24 26 26 20 9 16 Must be under seal, and signed by President (or Vice) and Secretary or Treasurer, must show total amount of capital stock authorized. Total number of shares and par value. SECTION. PAGE. Certificates of stock must contain the following facts: If not full paid, what amount has been paid thereon. Name of resident agent. Number of shares outstanding at date of certificate. Change, in place of business In character of business. In capital stock.. Charter, forfeiture for failure to commence business. Committee, Executive, appointment and powers of.. Compare Section 17 with Section 58-Voting, voting lists, etc.; see also Sec- tions 20 and 59. Section 27 with Section 57-Stock, personal estate. Section 32 with Section 61-Pledge of stock and voting power of pledgee. Section 52 with Section 83-Proof of incorporation, and collateral attack. 3 Heretofore formed shall have all the powers of this Act in addition to Creditor of stockholder, information to be given, penalty for refusal. May be given power to vote, etc......... 11 6 Creditor of corporation, information to be given, and have right to examine Directors may be removed by bare majority of stock if by-laws so provide.... 78 78 These last three sections are made optional by Section 82, page 27, and SECTION. PAGE. 22 Dividends Elective features, which are to be stated in Articles or By-Laws, as indicated: Articles. Section 28-Payment of subscribed capital stock .Articles. .Articles. Section 11-Creditors, bondholders, et al., may examine Articles. Section 20-Cumulative voting if not permitted.......Articles or By-Laws. ..By-Laws. Section 78-Directors may be removed by bare majority of stock if so provided in the....... By-Laws. Sections 79, 80, 81-Directors and officers, removal of, by pro- Articles. Section 13-Elections, place of, if other than principal place of business.... By-Laws. Section 14-Elections, place of, if other than principal place of business..... By-Laws. Section 23-Executive Committee, powers of, etc.. By-Laws. Section 12-Meeting, time and place of the first meeting may Of officers and Directors, to be reported to Secretary of State within Incorporators, surviving, may designate others in place of deceased incor- Information, to be given creditor of stockholder Legal process, must be served thirty days before return day. Ledger, stock, must be kept in principal office in this State Stock Stock, to determine who may vote. Liability of stockholders........ 14 20 28 25 28 28 21 24 21 31 13 * Liability under laws of other States not enforced here Lien, employees Meaning of certain terms used in the Act Meeting, first, for organization...... Subsequent stockholders' meetings Of Directors and Executive Committee. Held by consent without notice......... Waiver of notice of Members, books with names of, alphabetically arranged, to be kept Merger, of two or more corporations... Agreement of. Action pending not to be affected by. Bonds, etc... Liability not affected by.. Payment of stock of dissatisfied holder. Power of consolidated company. Mining companies, capital consisting of mining ground. Governed by district mining laws May become stockholders.. Misdemeanors, false accounts. False entries False entry in stock ledger.. False statements Destruction of books, etc.. Money, power to issue denied. Officers, certificate of appointment of, to be filed with Secretary of State.. Must have proper signs containing name. Failure to have, penalty Removal of principal Officers, may be removed by proceedings in court Mode of removal by such proceedings. Mode of removal and election of successors. The last three sections are made optional by Section 82, page 27, and if Corporations heretofore formed shall have all powers of this Act in 9 Convertible into bonds. To issue money denied... Preferred stock, terms of issue to be stated in articles. Process, legal, service of, time of, how made, on whom made Proxies, to be filed twenty days before elections, unless otherwise provided Purposes for which corporations may be formed. 61638 5 |