Charter of the United States Freehold Land And Emigration Company

Cover Charter of the United States Freehold Land And Emigration Company
Charter of the United States Freehold Land And Emigration Company
United States Freehold Land And Emigration Company
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> do. All the trn>tees of the co-. Npany shall be jointly and :a!ly liable for all the debts of the company then el istini:, and for all that shall be contracted before such i\ siiall be made.
Sir. III. If the trustees t>f any such company shall de- clare and pay anv dividend when the company is ins. L . Or any ilividend, the payment of which would render it insolvent, or which would diminish the amount >: capital stock, thev shall be jointly and severally liable for all I: | if the eompany the
...n e. \i>tinu:, and for all that >hall be thereafter contracted while they shall rc- ntinuo in otlice : /V(>r/7t > '/, That if any of the ' J. Uill object to the declaring of such dividend 1 the payment of the same, and shall, at any time e the time fixed for the payment thereof, tile a ccrti- ficate f their objection in writing, with the clerk of the company an i with the clerk of the county, they shall be apt from the s. Iid liability.
No l"an of money >hall be made by any such Jiohler therein ; and if any Mich loan shall be made t a -tockhohler, the otlL-erswho shall make it, or who shall assent th, ball be j nUj ally liable t>> the extent of Mich loan and in:.


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