Annual Report of the Missionary Society of the Methodist Episcopal Church, Volumes 38-42

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The Society, 1857

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Page 2 - To hold, purchase and convey such real and personal estate as the purposes of the corporation shall require, not exceeding the amount limited in its charter : 5.
Page 16 - The principles of the Christian religion, as professed by the Protestant and Roman Catholic Churches, are recognized as teaching men to do good and to do to others as they would have others do to them.
Page 3 - York of 1828, chap. 18, tit. 3, it was enacted that "the charter of every corporation that shall hereafter be granted by the legislature shall be subject to alteration, suspension, and repeal, in the discretion of the legislature.
Page 3 - When the whole capital stock of a corporation shall not have been paid in, and the capital paid shall be insufficient to satisfy the claims of its creditors, each stockholder shall be bound to pay on each share held by him the sum necessary to complete the amount of such share, as fixed by the charter of the company or its certificate of incorporation, or such proportion of that sum as shall be required to satisfy the debts of the company.
Page 2 - To make by-laws, not inconsistent with any existing law, for the management of its property, the regulation of its affairs, and for the transfer of its stock.
Page 3 - ... shall be a sufficient number to form a board for the transaction of business ; and every decision of a majority of the persons duly assembled as a board, shall be valid as a corporate act $ 7.
Page 1 - ... one-half part of his or her estate, after the payment of his or her debts, and such devise or. bequest shall be valid to the extent of one-half, and no more.
Page 3 - ... the persons so constituted trustees shall have authority to sue for and recover the debts and property of the dissolved corporation, by the name of the trustees of such corporation, describing it by its corporate name, and shall be jointly and severally responsible to the creditors and stockholders of such corporation, to the extent of its property and effects that shall come into their hands...
Page 1 - ... of said Society, and such trusts may continue for such time as may be necessary to accomplish the purposes for which they may be created...
Page 3 - If any corporation hereafter created by the legislature, shall not organize and commence the transaction of its business within one year from the date of its incorporation, its corporate powers shall cease.

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