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Session Laws, 1852
Volume 615, Page 310   View pdf image
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E. LOUIS LOWE, ESQUIRE, GOVERNOR.

1852.

nish them, when thus required; and that at all general
meetings of the stockholders, a majority (in value) of
all the stockholders in said company, may remove from

office any president, or any of the directors of said com-
pany, and may appoint others in their stead.

CHAP 304.

Removal from

office.

SEC. 9. And be it enacted, That the president
and directors of said company, before he acts as such,
shall swear or affirm as the case may be, that he will
well and truly discharge the duties of his said office, to
the best of his skill and judgment.

Oath.

SEC. 10. And be it enacted, That each stockholder

of said company, shall be individually liable to the cre-
ditors of said company, to an amount equal to the
amount unpaid on the stock held by himself, for all the
debts and liabilities of such company, until the whole
amount of the capital stock so held by him, shall have
been paid to the company; and all the stockholders of
said company, shall be jointly and severally liable for
all the debts due or owing; to any of its laborers and ser-
vants, for services performed for said corporation, but
shall not be liable for any action therefor, before an
execution shall be returned unsatisfied, in whole or in
part, against said company, and then the amount due
on such execution shall be the amount recoverable, with
costs against the stockholders.

Stockholder
liable to
amount of un-
paid stock, for
debts of co.

Stockholders
jointly liable
for debts ow-
ing to labor-
ers.

SEC. 11. And be it enacted, That as often as any
contractor for the const ruction of any part of said rail
road, shall be indebted to any laborer, for thirty or any
less number of day's labor performed in constructing
said road, such laborer may give notice of such indebt-
ness to said company, in the manner herein provided,
and said company shall become liable to pay such
laborer the amount so due him for such labor, and an
action may be maintained against said company therefor;
such notice shall be given by said laborer to said com-
pany, within thirty days after the performance of the
number of days labor lor which the claim is made ;
such notice shall be in writing, and shall state the
amount and number of days labor, and the time when
the same was performed for which the claim is made,
and the name of the contractor from whom due, and
shall be signed by said laborer or his attorney, and shall
be served on any engineer, agent or superintendent em-
ployed by said company, having charge of the section

of the road on which such labor was performed, perso-
nally, or by leaving the same at the office or usual place

of business of such engineer, agent or superintendent,
with some person of suitable age, but no action shall be
maintained against said company under the provisions of

Company li-
able to pay la-
borer for
amount due
him by con-
tractor, &c.



 
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Session Laws, 1852
Volume 615, Page 310   View pdf image
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