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of said corporation for all debts and liabilities of
said corporation, to an amount equal to the amount
of stock held by him until he shall have paid in
full the amount of such stock so held; but no
stockholder shall be personally liable for the pay-
ment of any debt contracted by such corporation
which is not payable within one year from the
time when the debt was contracted, unless a suit
for the collection of such debt shall be brought
against the corporation within two years after the
debt shall become due, and no suit shall be brought
against any stockholder in said corporation until
an execution against the corporation shall be re-
turned unsatisfied, in whole or in part, no person
holding stock in such corporation as executor, ad-
ministrator, guardian or trustee, and no person
holding such stock as collateral security shall be
personally subject to any liability as a stockholder
of said corporation; but the person pledging such
stock shall be considered as holding the same and
shall be liable as a stockholder accordingly, and
the estate and funds in the hands of such execu-
tor, administrator, guardian or trustee, shall be
liable in like manner and to the same extent as
the testator or intestate, or the ward or person in-
terested in such funds would have been if he had
been living or competent to act, and held the stock
in his own name, every such executor, administra-
tor, guardian or trustee shall represent the shares
of stock owned by him as such at all meetings,
and may vote as a stockholder, and every person
pledging his stock as aforesaid may in like man-
ner represent the same and vote accordingly. |
Certificates
—how signed, |
Sec. 10. And be it enacted, That the receipts,
warrants or warehouse certificates issued by this
corporation for goods, wares and merchandise in
their possession or under their control, shall in all
cases be signed by the President or Vice President
and Secretary of the corporation, and attested by
the corporate seal, and copies thereof shall be
registered in two books kept for that purpose, one
of which books shall be kept by each of the offi-
cers whose signatures are to be affixed as afore-
said, which books shall be at all times open for
the inspection of dealers with said corporation ;
the said receipts, warrants or certificates may be |