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Rhode Island
Title Examina-

and Guaranty
Company,
(Continued.)

the owners of real estate and others interested therein tion, Insurance against loss by reason of defective titles and other incumbrances and of negotiating loans upon real estate, and of the management of the same and of any business connected therewith or incidental thereto, with all the powers and privileges and subject to all the duties. and liabilities set forth in chapter 152 of the Public Statutes, and in any acts in amendment thereof or in addition thereto.

SEC. 2. The capital stock of said corporation shall not exceed the sum of three hundred thousand dollars, the amount thereof to be fixed from time to time by vote of the corporation at any sum not exceeding said authorized capital. Said stock shall be assignable and transferable according to the by-laws and upon the books of said corporation, and not otherwise; and no stock or shares shall be assignable or shall be transferred upon said books without first giving the corporation ten days refusal of the same, in accordance with the by-laws of said corporation.

SEC. 3. The stock or shares of every stockholder shall be pledged and liable to the corporation for all debts and demands due and owing from such stockholder to the corporation, and whether arising from assessments or installments, or in any other manner, and whether overdue or due at a day future; and said stock or shares may be sold for the payment of such debts and demands in such manner as the by-laws of said corporation may prescribe; and in case the proceeds of such sale shall be insufficient to discharge such debts or demands, with the incidental expenses of sale, the corporation may have its action against the debtor for the balance due.

SEC. 4. The capital stock of said corporation shall be divided into such number of shares, of the par value of fifty dollars each.

SEC. 5. Said corporation shall set apart a sum not less than one-half of the amount of its capital stock paid in, but in no case less than fifty thousand dollars, as a guaranty fund and shall invest the same, and said corporation shall not issue any guaranty or policy of insurance until such sum has been so set apart.

Such guaranty fund shall be kept and applied for

Title Examina

and Guaranty

the security and payment of losses and expenses which Rhode Island may be incurred by reason of the guaranty or insur- tion, Insurance ance made by said corporation and shall not be sub- Company, ject to other liabilities of the corporation so long as such guaranty or insurance is outstanding.

When on account of losses or otherwise the amount of the guaranty fund of any such corporation shall fall below such sum as is so required to be set apart and invested by this act, no further guaranty or insurance shall be issued until the deficiency below the amount required has been supplied.

SEC. 6. Said corporation shall on or before the fifteenth day of January in each year file with the insurance commissioner a statement in writing of its affairs, for the year ending on the preceding 31st day of December. Such statement shall contain an enumeration of the investments made of its guaranty fund and their value and shall be signed and sworn to by the president or treasurer and one of the directors. The insurance commissioner shall have the power and authority to visit and examine the affairs of said corporation at any time.

SEC. 7. Said corporation shall have an office or place of business in the city of Providence.

SEC. 8. This act shall take effect from and after its pasage.

(Continued.)

AN ACT TO INCORPORATE " WOONSOCKET REPORTER COM- Passed May 29,

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It is enacted by the General Assembly as follows:

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SECTION 1. LeRoy B. Pease, Arthur S. Pease and Albert L. Pease, their associates, successors and assigns are hereby constituted a corporation by the name of "Woonsocket Reporter Company," for the purpose of printing and publishing newspapers, books, pamphlets, periodicals, and carrying on the general business of job printing, and for the transaction of other business connected therewith or incidental thereto, with all the powers and privileges and subject to all the duties and liabilities set forth in chapters 152

and 155 of the Public Statutes, and in any act in amendment thereof or in addition thereto.

SEC. 2. The capital stock of said corporation shall not exceed one hundred thousand dollars, and may be fixed from time to time by vote of the corporation, and shall be divided into shares of one hundred dollars each.

SEC. 3. At any meeting of the corporation the stockholders therein shall be entitled to one vote for each share of stock held by them respectively.

SEC. 4. The stock or shares of each stockholder shall be pledged and liable to the corporation for all debts and demands due and owing from such stockholder to the corporation whether overdue or due at a future day, and said shares may be sold for the payment of such debts and demands in such manner as the corporation may by by-law prescribe, and in case the proceeds of such sale shall be insufficient to satisfy such demand or debt, with incidental expenses of sale, the corporation may have their action against the debtor for the balance due.

SEC. 5. No stockholder shall transfer or sell his stock, or any portion thereof without first giving the corporation the refusal of the same, for a period of ten days, at the lowest price at which he or she is willing to sell the same.

SEC. 6. Said corporation shall have an office in the city of Woonsocket.

SEC. 7. This act shall take effect on and after the passage thereof.

Passed May 29, 1890.

AN ACT TO INCORPORATE THE JAMESTOWN WEST SHORE
IMPROVEMENT COMPANY.

It is enacted by the General Assembly as follows :

SECTION 1. Isaac Hall, Elisha W. Bucklin, F. F. Carpenter, Robert Thompson, their associates and successors, are hereby made a corporation by the name of the Jamestown West Shore Improvement Company, for the purpose of acquiring, holding, managing, improving, leasing and selling real estate, and by that

Company,

name shall have all the powers and privileges, and be West Shore Imsubject to all the duties and liabilities set forth in provement Chapter 152 of the Public Statutes, and of any act in (Continued.) amendment thereof or in addition thereto.

SEC. 2. The capital stock of said corporation shall not exceed two hundred thousand dollars, and may be fixed from time to time by vote of the corporation, and shall be divided into shares of one hundred dollars each.

SEC. 3. At every meeting of the corporation the stockholders therein shall be entitled to one vote for each share of stock held by them respectively.

SEC. 4. The stock and shares of each shareholder shall be pledged and liable to the corporation for any and all debts and demands due and owing from such shareholder to the corporation, whether due or overdue at a future day, and said shares may be sold for the payment of such debts and demands in such manner as the corporation may by by-law prescribe; and in case the proceeds of such sale shall not be sufficient to satisfy such demand or debt, with incidental expenses of sale, the corporation may have its action. against the debtor for the balance due.

SEC. 5. No stockholder shall sell his stock, or any portion thereof without first giving the corporation the refusal of the same, at the lowest price for which he is willing to sell the same.

SEC. 6. Every conveyance made by said corporation shall be under its seal, executed by its president and treasurer, and by them acknowledged as its deed, and in such conveyance said corporation may warrant title to the purchaser of the property thereby conveyed against the lawful claims and demands of all persons whatsoever.

SEC. 7. No by-laws shall be changed without the assent of the stockholders representing two-thirds of the stock, nor without notice of the proposed change given to the stockholders at least ten days previous to the date of the meeting at which said change is to be considered.

SEC. 8. The annual meeting of the corporation for the election of officers shall be held at its place of business, which shall be in the city of Providence.

SEC. 9. This act shall take effect on and after its passage.

Passed May 30, 1890.

AN ACT TO INCORPORATE "THE DURFEE BUILDING AND
LAND COMPANY."

It is enacted by the General Assembly as follows:

SECTION 1. Edward D. Pearce, John W. Mitchell and Charles L. Jencks, their associates and successors, are hereby made a corporation by the name of "The Durfee Building and Land Company," for the purpose of acquiring, holding, managing, improving, leasing and selling real estate, and by that name shall have all the powers and privileges and be subject to all the duties and liabilities set forth in chapter 152 of the Public Statutes, and of any act in amendment thereof or in addition thereto.

SEC. 2. The capital stock of said corporation shall not exceed one hundred thousand dollars, and may be fixed from time to time by vote of the corporation, and shall be divided into shares of five hundred dollars each.

SEC. 3. At every meeting of the corporation the stockholders therein shall be entitled to one vote for each share of stock held by them respectively.

SEC. 4. The stock or shares of each shareholder shall be pledged and liable to the corporation for any and all debts and demands due and owing from such stockholder to the corporation whether overdue or due at a future day, and said shares may be sold for the payment of such debts and demands in such manner as the corporation may by by-law prescribe; and in case the proceeds of such sale shall not be sufficient to satisfy such demand or debt, with incidental expenses of sale, the corporation may have its action against the debtor for the balance due.

SEC. 5. No stockholder shall sell his stock or any portion thereof without first giving the corporation the refusal of the same, at the lowest price for which he is willing to sell the same.

SEC. 6. Every conveyance made by said corpor

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