of, or managed by a bishop, chief priest, or presiding, elder, it shall be lawful for such bishop, chief priest or presiding elder, of such religious denomination, society, or church, to become a sole corporation in the manner herein prescribed.

Section II. Such bishop, chief priest, or presiding elder, shall file in the office of the Secretary of State articles of incorporation, which articles shall set forth the name of such religious denomination, society or church, and the name of such sole corporations, and designate the territory over which he presides, or over which his jurisdiction extends, and the facts authorizing such incorporation, and declare the manner in which any vacancy occurring in the incumbency of such bishop, chief priest or presiding elder, as required by the rules, regulations, or discipline, of such religious denomination, society or church, shall be filed, which statement shall be verified by affidavit; and he shall also file proof of his appointment or election as such bishop, chief priest, or presiding elder, and for proof of the appointment or election of such bishop, chief priest or presiding elder, or of any succeeding incumbent of such corporatoin, it shall be sufficient to record in the office of the Secretary of State the original, or a copy of his commission, or certificate, or letters of election or appointment duly attested.

Section III Upon filing the articles of incorporation in the office of the Secretary of State, with the proof of the appointment, or election, of such bishop, chief priest, or presiding elder, the Secretary must issue to the corporation, over the great seal of the State, a certificate that the articles of incorporation, containing the required statement of facts, and the proof of the appointment or election of such bishop, chief priest, or presiding elder, has been filed in his office, and thereupon such bishop, chief priest, or presiding elder, shall become, and he and his successors in office shall be a sole corporation.

Section IV Every sole corporation, organized under the provisions of this Act, for the purpose of the trust hereinafter mentioned, shall have power to contract in the same manner, and to the same extent, as a natural person, and may sue and be sued, and may defend in all courts, in all matters and proceedings whatever, and shall have authority to borrow money, and to give promissory notes therefor, and to secure the payment thereof by mortgage, or other lien, upon property real or personal, to buy, sell, lease, and in every way deal in real or personal property, in the same manner that a natural person may, for the use, purpose, benefit and behoof of such religious denomination,

society, or church, and without the order of any court; and to receive bequests and devises for its own use, or upon trust, and to the same extent that a natural person may, and to appoint attorneys in fact and to adopt and use a corporate seal.

Provided, however, that all property held by, or in the name of such sole corporation, shall be in trust for the use, purpose, benefit and behoof of such religious denomination, society, or church for which, and in whose behalf, such sole corporation is organized.

Section V. In the event of the death or resignation from office of any such Bishop, Chief Priest, or Presiding Elder, or of his removal therefrom by the person or body having the authority to remove him, his successor in office shall be vested with the title to the property with like power and authority over the same and subject to all the legal liabilities and obligations with reference thereto. Such successor shall file in the office of the County Clerk and Recorder of each County wherein any of said property is situated a certified copy of the proof of his appointment or election, required by Section IV, to be filed with the Secretary of State, accompanied by an instrument in writing containing a description of the property situated in such County, and a declaration that the same is owned and held by him by virtue of his succession to said office, which declaration shall be signed and acknowledged by him before some officer authorized to take acknowledgements. Said certificate and statement shall constitute a muniment of title to said property and the same or a copy thereof duly certified by the Clerk and Recorder of the County wherein the same is filed shall be competent evidence thereof in any action or proceeding concerning the same.

VI. This Act shall take effect and be in force from and after its and approval.

Approved Feb 27th 1899.

SUBSITUTE FOR SENATE BILL NO. 98.

An Act Granting to the Montana State Fair Assocation, A Corporation, A franchise for holding and conducting the annual State Fair of the State of Montana for A period of ten years at or near the city of Butte in Silver Bow County, State of Montana.

Be it enacted by the Legislative Assembly of the State of Montana :

Section 1, That there is hereby granted to the Montana State Fair Association, a corporation created and existing under the laws of the State of Montana, the right to hold and conduct the Annual State Fair in and for the State of Montana, for a period of ten years.

Said State Fair to be held annually at or near the City of Butte, in Silver Bow County, State of Montana; Provided, that if said association shall fail to hold said fair two years in succession, the franchise hereby granted shall be forfeited.

Full power and authority is hereby granted to said Montana State Fair Association, to hold, conduct and manage said State Fair. Approved March 6.th 1899

SENATE BILL NO. 50.

An Act to Amend Section 448 of the Civil Code of the State of Montana relating to the Meeting of Stockholders and board of directors of corporations.

Be it enacted by the Legislative Assembly of the State of Montana: Section I. That Section 448 of the Civil Code of the State of Montana be, and the same is hereby, amended so as to read as follows:

Section 448. The meetings of the stockholders of a corporation mest be held at its office or principal place of business in the State of Montana. The meetings of the Board of Directors or Trustees of all corporations heretofore or hereafter organized under any of the laws of the State of Montana may be held either within or without the State of Montana at such place or places as may be designated by the by-laws of such corporations. In case the meetings of the Board of Directors or Trustees of a corporation shall be held outside of the State of Montana, either the original or full and complete copies or

duplicate of all proceedings had at such meeting or meetings certified by the President and Secretary under seal shall be sent to and kept at the principal office or place of business of the corporation in Montana, and shall be part of the records of the corporation in Montana. All laws and parts of laws in conflict with the proAct are hereby repealed.

Section 2. visions of this

Section 3.

after its passage.

This Act shall take effect and be enforced from and

Approved February 24th 1899

SUBSTITUTE FOR SENATE BILL NO. 87.

An Act relating to the dissolution, increase and decrease of capital stock of, and providing penalties for the breach of the banking laws by bank associations, trust deposit and security corporations and savings banks, organized under the laws of Montana.

Be it enacted by the Legislative Assembly of the State of Montana:

Section I. Any banking association, trust deposit and security corporation, or savings bank, organized under the laws of Montana may be dissolved by the District Court of the county where its office or principal place of business is situated upon its voluntary application for that purpose.

The application must be in writing and must set forth that at a meeting of the stockholders and members called for that purpose, the dissolution of the association was resolved upon by a two-thirds vote of all the stock, and that all claims and demands against the association have been satisfied and discharged.

The application must be signed by a majority of the Board of Directors or other officers having the management of the affairs of the association, and must be verified in the same manner as a complaint in a civil action.

A verified copy of the application shall be filed with the State Examiner or such other state officer as is by law authorized to examine such associations within ten days after the filing of such application with the District Court.

If the court is satisfied that the application is in conformity with this chapter it must order the application to be filed and the clerk

to give not less than thirty nor more than fifty day's notice of the application by publication in some newspaper published in the county. At any time before the expiration of the time of publication any person may file his objections to the application.

Before the final hearing and determination of the application the State Examiner shall make a thorough examination of the affairs. of such association and file a certified statement of such examination with the clerk of the court of the county where such application is made, which statement shall be a part of the papers in the case. After the time of publication has expired the court may, upon five days' notice to the persons who have filed objections, or without further notice if no objections have been filed, proceed to hear and determine the application, and if all the statements made therein are shown to be true, the court must declare the association dissolved. No stockholder or officer of such association shall be allowed to withdraw from such association or surrender or dispose of his shares of stock after the filing or making of such application for dissolution and prior to the final determination of the case. Upon the dissolution of such association by the District Court, the clerk of said court shall forthwith notify the Secretary of State of such dissolution, by sending a copy of the order of the court and said order and notice shall be filed by the Secretary of State with the original certificate of organization.

The application notices and proof of publication, objections, if any, and declaration of dissolution, constitute the judgment roll, and from the judgment, an appeal may be taken in the same manner as in other actions.

Section 2. Whenever the State Examiner, after a full and careful examination of the affairs of any banking corporation, trust deposit and security company or savings bank, organized under the laws of Montana, shall find evidences of impairment or insolvency, he shall immediately prepare and submit a statement of its condition to the Governor and Attorney General and if the Governor and Attorney General are satisfied from such statement that such impairment or insolvency exists, the Attorney General shall thereupon give notice in writing to each officer and stockholder of said banking corporation, trust deposit and security company, or savings bank, together with a demand that said officers and stockholders shall make good such im