Digest of the Banking, Trust Company, and Building and Loan Association Laws of the Commonwealth of Pennsylvania; Compiled Under the Provisions of an Act of Assembly of the Commonwealth of Pennsylvania by Direction of the Commissioner of Banking (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907. Excerpt: ... CHAPTER 12. The Banking Department. CHAPTER 13. Judicial decisions as to Banks, Trust Companies, Building Associations, etc. CHAPTER 1. CONSTITUTIONAL PROVISIONS RELATING TO CORPORATIONS. Creation of Corporations by Special Laws Forbidden. Sec. 1. The General Assembly shall not. pass any local or special law creating corporations, or amending, renewing, or extending the charters thereof; granting to any corporation, association or individual any special or exclusive xrivilege or immunity. ."--Article 3, Sec. 7. Casting Votes of Stockholders for Directors or Managers. Sec. 2. In all elections for directors or managers of a corporation, each members or shareholder may cast the whole number of his votes for one candidate or distribute them upon two or more candidates, as he may prefer.--Article 16, Sec. 4. Foreign Corporations to Have Place of Business and Agent in State to be Served With Process. Sec. 3. No foreign corporation shall do any business in this State, without having one or more known places of business, and an authorized agent or agents in the same, upon whom process may be/ served.--Article 16, Sec. 5. Corporations Confined to Business of Charter and Only to Hold Real Estate for Business. Sec. 4. No corporation shall engage in any business other than ihat expressly authorized in its charter; nor shall it take or hold any real estate, except such as may be necessary and proper for its legitimate business.--Article 16, Sec. 6. Stocks and Bonds Only to be Issued for Money, Labor or Property Received.--Fictitious Increase of Stock or Indebtedness Forbidden.--Stock and Indebtedness Only to be Increased by General Law.--The Larger Amount in Value of Stock Must Consent to Increase.--Sixty Days' Notice of Meeting for Increase Must be Given. Sec...