48

CORPORATIONS. [ART. 26.

such times and in such payments and instalments as
the trustees, directors or managers may deem proper,

Penally.

under the penalty of forfeiting the shares of stock sub-
scribed, and all previous payments made thereon, if
payment shall not be made by the stockholders within

Notice

ninety days after a personal demand, or after a notice
requiring such payment, published in a newspaper
printed nearest to the place where the principal of-
fice of the corporation is located.

Statements of
affairs under
oath

66. When any person or persons, owning five per
cent, of the capital stock of any corporation formed
under the provisions of this, article, shall present to the
treasurer or chief finance officer thereof, a written re-
quest for a statement of the affairs of said corporation,
it shall be the duty of such treasurer or chief finance
officer to make a statement of the affairs of said corpo-
ration under oath, embracing a particular account of
all its assets and liabilities and minute detail, and to
deliver such statement to the person or persons who
presented the said written request to the said treasurer
or chief finance officer, within twenty days after such
presentation, " and keep on file in his office for six
months thereafter a copy of such statement, which
shall, at all times during business hours, be exhi-

Open to stock-
holders.

bited to any stockholder of said company demanding an
examination thereof; if such treasurer or chief finance
officer, as the case may be, shall neglect or refuse to
make of deliver such statement as aforesaid, he shall

Penalty

forfeit and pay to the person presenting said written
request the sum of fifty dollars, and the further sum of
twenty-five dollars for every twenty-four hours there-
after, until such statement shall be furnished, to be sued
for and recovered in any court having jurisdiction over
the person of such defaulting officers and cognizance of
said suit.

Book of stock-
holders' names

67. It shall be the duty of every corporation incor-
porated under this article to cause a book to be kept
by the treasurer or secretary thereof, containing the
names of all persons, alphabetically arranged, who are
or shall have been within three years stockholders of