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Common terms and phrases

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Էջ 554 - A corporation or association may be sued in the county where the contract is made or is to be performed, or where the obligation or liability arises or the breach occurs, or in the county where the principal place of business of such corporation is situated, subject to the power of the court to change the place of trial as in other cases.
Էջ 563 - 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.
Էջ 567 - Each stockholder of a corporation, or joint-stock association, shall be individually and personally liable for such proportion of all its debts and liabilities contracted or incurred, during the time he was a stockholder, as the amount of stock or shares owned by him bears to the whole of the subscribed capital stock, or shares of the corporation or association.
Էջ 576 - ... in which must be kept a record of all stock ; the names of the stockholders or members, alphabetically arranged ; installments paid or unpaid ; assessments levied and paid or unpaid ; a statement of every alienation, sale, or transfer of stock made, the date thereof, and by and to whom ; and all such other records as the by-laws prescribe. Corporations for religious and benevolent purposes must provide in their by-laws for such records to be kept as may be necessary. Such stock and transfer book...
Էջ 554 - ... mortgage, deed of trust, contract, or other obligation by which a debt is secured, money, or solvent credits, above its face value.
Էջ 597 - Presentment for payment is not necessary in order to charge the person primarily liable on the instrument ; but if the instrument is, by its terms, payable at a special place, and he is able and willing to pay it there at maturity, such ability and willingness are equivalent to a tender of payment upon his part.
Էջ 572 - ... in the assessment, irregularity or defect of the notice of sale or defect or irregularity in the sale, unless the party seeking to maintain such action first pays or tenders to the corporation, or the party holding the stock sold, the sum for which the same was sold, together with all subsequent assessments which may have been paid thereon and interest on such sums from the time they were paid; and no such action must be sustained unless the same is commenced by the filing of a complaint and...
Էջ 554 - Every railroad corporation organized or doing business in this State, under the laws or authority thereof, shall have and maintain a public office or place in this State for the transaction of its business...
Էջ 554 - ... such as may belong to the United States, this State, or to any county or municipal corporation within this State, shall be exempt from taxation.
Էջ 561 - Legislature shall prescribe, and divide the same into representative districts, equal to the number of Representatives to which such county is entitled by law, and shall cause to be filed in the offices of the Secretary of State and clerk of such county, a description of such representative districts, specifying the number of each district, and population thereof, according to the last preceding enumeration.

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