GENERAL PROVISIONS RESPECTING CORPORATIONS. Certain corporations may renew their charters by filing certificates with Sec retary of State. CHAPTER 156. GENERAL PROVISIONS RESPECTING CORPORATIONS. AN ACT to renew the Charters of Corporations which have expired since Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met (with the concurrence of two-thirds of all the members elected to each House of the General Assembly). Section I. That any corporation, which was in existence under the laws of this State on the Tenth day of March, 1899, and whose charter has expired since the first day of January 1903, by reason of failure to renew the same through oversight or inadvertence, may at any time before the first day of January, 1906, procure a renewal and revival of its charter for any period, together with all the rights, franchises, privileges and immunities, and subject to all its duties, debts and liabilities which had been secured or imposed by its original charter and all amendments thereto, by filing with the Secretary of State a Certificate of its last or acting President and Certificate, to Secretary, duly sworn or affirmed to by such officers. Such certificate shall set forth : contain what. (1) The name of the corporation, which name shall be the same name it bore when the charter expired. (2) The name of the city, town or place within the county in which its principal office or place of business is located in this State.. (3) The date when such renewal or revival is to commence, which shall be prior to the date of the expiration of the old charter which it is desired to renew and revive; whether or not such renewal is to be perpetual, and if not perpetual, the time for which such renewal is to continue. (4) That the corporation desiring to be renewed and revived, and so renewing its charter, was duly organized and GENERAL PROVISIONS RESPECTING CORPORATIONS. carried on the business authorized by its charter until the vided under ration law. done Such certificate, shall be filed, copied, recorded and dealt Procedure with, and in all respects shall have the same force and effect same as proas if such certificate had been filed by said corpor- General Corpoation before the expiration of its charter, under the provisions of "An Act providing a General Corporation Act", approved March 17, 1903, Chapter 394, Volume 22, 22, Laws Laws of Delaware. Upon such Upon revival, revival and renewal, all acts, matters and things done acts previously. and performed by such corporation within the scope of its valid. charter, since the expiration of the same, shall be and hereby are expressly ratified and approved, and all the real and personal property, rights and credits which were of the said corporation at the time of the expiration of its charter, and ests vested in which have not been since disposed of, shall be vested in and revived restored to the renewed and revived corporation as fully and amply as they were held by the said corporation at and before its charter expired. corporation. paid by such Section 2. Any corporation seeking to renew its charter All taxes to be under the provisions of this Act shall first pay all City, corporations. County State and franchise taxes and charges which it would by law have been liable to pay and chargeable with, if its said charter had not expired; and said corporation shall file with the Certificate mentioned in Section one of this Act a statement executed and sworn or affirmed to by its last or acting President and Secretary. Said statement shall contain the amount of said taxes and charges so paid, the date of the payment, to whom paid, and the period of time covered by said taxes and during which they accrued. Approved, March 21, A. D. 1905. GENERAL PROVISIONS RESPECTING CORPORATIONS. Acts re-enacted said Association. CHAPTER 157. GENERAL PROVISIONS RESPECTING CORPORATIONS. A Further Supplement to the Act entitled "An Act to incorporate The Young Men's Association for Mutual Improvement, of the City of Wilmington." Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met (two-thirds of each branch of the Legislature concurring therein). Section I. That the Act entitled "An Act to Incorporate incorporating the Young Men's Association for Mutual Improvement, of the City of Wilmington," passed at Dover, Feburary 10, 1857, as amended by the supplements thereto passed at Dover January 27, 1859, March 7, 1873, April 18, 1887, April 24, 1893, April 26, 1893 and March 26, 1903 is hereby re-enacted, revived, extended and continued in force in perpetuity from and after the passage of this Act, and the corporation thereby created shall have succession and all the rights, powers, privileges and franchises heretofore vested in said corporation by any law of this State. Section 2. This Act shall be deemed and taken to be a public act and the power to revoke the same is hereby reserved to the Legislature. Approved, April 3, A. D. 1905. OF BANKS. CHAPTER 158. OF BANKS. AN ACT providing for the issue of certain certificates of stock by the National Bank of Delaware to the State and providing for a bond of indemnity to the said Bank. Whereas, The State of Delaware is the owner of fifty-seven Preamble. shares of the Capital Stock of the National Bank of Delaware, of the par value of Two Hundred Dollars, twenty shares of which belong to the General Fund and thirty-seven of which belong to the School Fund; And Whereas, The Certificate or certificates for said stock Preamble. have been lost, misplaced or stolen, the only evidence of ownership in the possession of the State being a certificate under the hands of the President and Cashier of said Bank that there is standing on the books of said Bank, fifty-seven shares of stock to the Credit of the State; And Whereas, It is desirable that the State should hold Preamble. some better evidence of its title to said stock than the certificate above mentioned; And Whereas, The said Bank has recently reduced the Preamble. par value of its stock from Two Hundred Dollars per share to One Hundred Dollars per share, and has issued two shares of the new stock in the place and instead of each share of the old stock; And Whereas, The National Bank of Delaware is ready and willing to issue to the State of Delaware duplicate certificates for the shares of stock so lost, mislaid or stolen as aforesaid, upon being properly indemnified against any loss. or damage which might ensue from or by reason of the issue of said duplicate certificate as aforesaid; Now therefore Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met: Preamble. Section 1. That on the receipt by the State Treasurer On delivery of of certificates for one hundred and fourteen shares of the stock, bond of indemnity to Capital Stock of the National Bank of Delaware, of the par be delivered. value of One Hundred Dollars each, the Governor, Secretary By whom executed. OF BANKS. of State and State Treasurer are hereby authorized and directed to execute and deliver a bond of indemnity of the State of Delaware, to the said Bank for the sum of Twentyfive Thousand Dollars which bond of indemnity shall be in the following form, viz: United State of America. State of Delaware. Bond, form of These presents certify and make known that the State of Delaware, acknowledges itself bound unto the "National Bank of Delaware," at Wilmington, a corporation of the United States of America, in the sum of Twenty-five Thousand Dollars, to be paid to the said Bank or its successors. Now the condition of this obligation is such that if the State of Delaware shall at all times save, keep harmless and indemnify, the said "National Bank of Delaware," at Wilmington, of and from all actions, suits, accounts, demands, losses or damages whatsoever, for or on account of the loss of the certificates for fifty-seven shares of the Capital Stock of the said Bank, by it heretofore issued to said State, and shall at all times save, keep harmless and indemnify the said Bank of and from all actions, suits, accounts, demands, losses or damages, for or by reason of the issue of duplicate certificates for one hundred and fourteen shares of the Capital Stock of said Bank at the par value of one hundred dollars per share, issued in lieu of said fifty-seven shares of said stock, then this obligation to be void, or else to be and remain in full force and virtue. Dated at Dover, the day of in the year of our Lord, one thousand nine hundred and five. Witness the Great Seal of the said State, and the hands of the Governor, Secretary of State and State Treasurer, the day and year aforesaid. (Great Seal.) Approved, April 3, A. D. 1905. Governor. Secretary of State. State Treasurer. |