II. IMPROVEMENT OF POULTRY, SMALL BIRDS AND DOMESTIC ANIMALS, AND FISH CULTURE.

9. Company may be formed; objects. (Laws of 1874, ch. 288.)

SECTION 1. Any number of persons not less than thirteen may associate and form an incorporation or company for the purpose of importing, raising and improving and breeding poultry, small birds, domestic and pet animals, and fish culture, and collecting and disseminating useful knowledge concerning them, by holding fairs, disbursing awards and premiums, and by publishing debates and transactions, and by such other lawful means as the members of the company may deem expedient, upon filing in the office of the secretary of state, and also in the office of the clerk of the county in which the business of said company is to be conducted, a declaration signed by all the incorporators, and acknowledged before any officer authorized to take the acknowledgment of deeds in this state, expressing their intention to form such company, together with a copy of the charter proposed to be adopted by them, and shall thereafter be a body corporate and politic by the name designated in said charter. [Thus amended by Laws of 1877, ch. 266.]

10. Powers.

§ 2. Such societies shall have power to elect a president, one or more vice-presidents, secretaries and a treasurer, and may make a constitution and by-laws for their government, and may hold real estate or other property to the value of twenty thousand dollars.

11. General powers and liabilities.

§3. Societies organized under this act shall possess the powers and be subject to the restrictions and liabilities of

title three of chapter eighteen, of part one of the Revised Statutes.

12. Liability of stockholders.

§ 4. The stockholders of any corporation hereafter formed under this act or any act amendatory hereof, or supplementary hereto, or extending the operation and effect hereof, shall, in addition to the liabilities provided for in said acts, be individually responsible, equally and ratably, in an amount to the extent of their respective shares of stock in such corporation. The term stockholder, as used in this section, shall apply, not only to such persons as appear by the books of the corporation or association to be such, but also to every equitable owner of stock although the same may appear on such books in the name of another person; and also to every person who shall have advanced the instalments or purchase-money of any stock in the name of any person under twenty-one years of age, and while such person remains a minor, to the extent of such advance; and also to every guardian, or other trustee, who shall voluntarily invest any trust funds in such stock; and no trust funds in the hands of such guardian or trustee shall be in any way liable under the provisions of this act, and the acts aforesaid, by reason of any such investment, nor shall the person for whose benefit any such investment may be made, be responsible in respect to such stock until thirty days after the time when such persons, respectively, become competent and able to control and dispose of the same; but the guardian or other trustee making such investment as aforesaid, shall continue responsible as a stockholder, until such responsibility devolves upon the person beneficially interested therein; and, in respect to stock held by a guardian or other trustee under a transfer of the same by a third person, or under positive directions by a third person for such investment, the person mak

ing such transfer, or giving such directions, and his executors and administrators shall, for the purpose of this act, and the acts aforesaid, be deemed a stockholder; and the estate of such person, if he be deceased, shall be responsible for the debts and liabilities chargeable on such stock, according to the provisions of this act.

See HORSE BREEDING and PROTECTION OF ANIMALS.

ATHLETIC.

See CLUBS.

ARTISTIC.

See FINE ARTS, CLUBS, etc.

BANKS.

(Omitted.) See LOAN AND TRUST COS.

BENEVOLENT, CHARITABLE, SCIENTIFIC, MISSIONARY, ETC.

SECTION 1. Section one of chapter three hundred and nineteen of the laws of eighteen hundred and forty-eight, entitled "An act for the incorporation of benevolent, charitable, scientific and missionary societies," and the several acts amendatory thereof, as amended by chapter five hundred and twenty-six of the laws of eighteen hundred and eighty-one, is hereby further amended so as to read as follows:

I. PURPOSES OF CORPORATION.

1. Manner of formation.

§1. Any five or more persons of full age, citizens of the United States, a majority of whom shall be citizens of, and resident within, this state, who shall desire to associate themselves for benevolent, charitable, literary, historical, scientific, missionary or mission or Sundayschool purposes, or for the purpose of mutual improve

ment in religious knowledge, or for the furtherance of religious opinion, or for the purpose of promoting and cultivating the fine arts by establishing a gallery, or collections of pictures and statuary, including other objects of the fine arts, and for the purpose of maintaining a library, or as a society for the prevention of crime, or for any two or more of such objects, may make, sign and acknowledge before any officer authorized to take the acknowledgment of deeds in the state, and file in the office of the secretary of state and also in the office of the clerk of the county in which the business of such society is to be conducted, a certificate in writing in which shall be stated the name or title by which such society shall be known in law, the particular business and objects of such society, the number of trustees, directors or managers to manage the same, and the names of the trustees, directors or managers of such society for the first year of its existence. And any corporation organized, or which may hereafter be organized under the provisions of this act, may from time to time change the title of the members of their managing board, or increase or decrease the number thereof to not less than five, on the consent in writing of not less than two thirds of their number. A certificate of such change, executed as hereinabove provided for the original certificate, shall be filed with the original certificate; but neither such original certificate nor such amendment thereof shall be filed unless by the written consent and approbation of one of the justices of the supreme court of the district in which the place of business or principal office of such company or association shall be located, to be indorsed on such certificate; and no written consent or approbation shall be given by any justice of the supreme court, for the organization and incorporation of any society under this act for the care or disposal of any orphan, pauper or destitute children except upon the certificate in writing of the state board of charities approving of the organiza

tion and incorporation of such society, which certificate of such state board of charities shall be filed with the original certificate of such incorporation. [Laws of 1883, ch. 446.]

2. When to become bodies politic and corporate. (Laws of 1848, ch. 319.)

§ 2. Upon filing a certificate as aforesaid, the persons who shall have signed and acknowledged such certificate, and their associates and successors, shall thereupon, by virtue of this act, be a body politic and corporate by the name stated in such certificate, and by that name they and their successors shall and may have succession, and shall be persons in law capable of suing and being sued ; and they and their successors may have and use a common seal, and the same may alter and change at pleasure; and they and their successors, by their corporate name, shall, in law, be capable of taking, receiving, purchasing and holding real estate, for the purposes of their incorporation, and for no other purpose, to an amount not exceeding the sum of one hundred and fifty thousand dollars in value, and personal estate, for like purposes, to an amount not exceeding the sum of.one hundred and fifty thousand dollars in value, but the clear annual income of such real and personal estate shall not exceed the sum of thirty thousand dollars; to make by-laws for the management of its affairs, not inconsistent with the Constitution and laws of this state, or of the United States; to elect and appoint the officers and agents of such society, for the management of its business, and to allow them a suitable compensation. [Thus amended by Laws of 1872, ch. 649.]*

* The amendatory act, § 2, after specifying the changes made in this sec tion, proceeds thus: "So that the associations which may be incorporated under the acts hereby amended shall be capable of taking, receiving, purchasing and holding for the purposes of their incorporation, and for no