GENERAL PROVISIONS RESPECTING CORPORATIONS. CHAPTER 194. GENERAL PROVISIONS RESPECTING CORPORATIONS. AN ACT Vesting in the Receivers of Corporations Title to the Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met: corporations title to prop corporation Section 1. The Receiver or Receivers appointed by Receivers of the Chancellor, of and for any corporation created by or vested with existing under the Laws of the State of Delaware, and erty of said the successor or successors of any such Receiver or Receivers, shall upon his or their appointment and qualification, and the survivors or survivor of such receivers shall upon the death, resignation or discharge of any co-receiver or co-receivers, be vested by operation of Law, without any act or deed, with the title of such corporation to all its books, papers and documents; interests in patents, patent rights, copyrights and trademarks; rights of action arising upon contracts or from the unlawful taking or detention of or injury to property of such corporation; and other property, real, personal or mixed of whatsoever nature, kind, class or description, and wheresoever situate, except real estate situate outside the State of Delaware. file certified appointment cations within Section 2. The Receiver or Receivers appointed by Receivers to the Chancellor as aforesaid shall within twenty days copy of their from the date of his or their qualification, file in the of- and qualififice of the Recorder of Deeds in each County in this twenty days State, in which any real estate belonging to such corporation may be situated, a certified copy of his or their appointment and qualification. Section 3. The provisions of this act shall not apply Receivers apto receivers appointed pendente lite. Approved March 19, A. D. 1913. pointed pendente lite excepted OF BANKS. Preamble Sec. 6, Chap 39, Vol. 4 amended CHAPTER 195. OF BANKS. AN ACT in relation to, and in Amendment of, an Act entitled "An Act to establish a Bank, and Incorporate a Company, under the name of the Farmer's Bank of the State of Delaware," passed at Dover, February 4, 1807, being Chapter 39, Volume 4 of the Laws of Delaware, and to the various Supplements thereto, and in relation to the several Statutes of the State of Delaware, granting or vesting in the said corporation any right, power, franchise, privilege or immunity. WHEREAS, The President, Directors and Company of the Farmers' Bank of the State of Delaware, a corporation created by an act of the General Assembly of the State of Delaware, passed at Dover, February 4, 1807, and in existence at the time of the adoption of the present Constitution of the State of Delaware, has heretofore filed in the office of the Secretary of State, under corporate seal of said corporation, and duly attested, its acceptance of the provisions of the present Constitution of the State of Delaware, which was adopted on the fourth day of June, 1897, and which went into effect and operation on the tenth day of June, 1897, therefore, 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 in this General Assembly) as follows, to wit: Section 1. That the Act entitled, "An Act to Establish a Bank, and Incorporate a Company, under the name of the Farmers' Bank of the State of Delaware," passed at Dover, February 4, 1807, being Chapter 39, OF BANKS. Volume 4 of the Laws of Delaware, (reference to particular lines, by their number, of the said Chapter 39, being made in this Act to the said Chapter 39 as the same is printed in that edition of Volume 4, of the Laws of Delaware which was printed by M. Bradford and R. Porter in 1816), be and the same is hereby amended by striking out all of Section 6 thereof between the word "Delaware" at the end of the sixth line of said Section and the words "and by that name" in the eighth and ninth lines of said Section 6, and by inserting in lieu thereof the words, "and by that name shall have perpetual succession." 39, Vol. 4 amended Section 2. That Section 6 of the Act aforesaid be Sec. 6, Chap. further amended by striking out all of said Section be- further tween word "soever" in the thirteenth line of said Section and the words "and the same to sell" in the sixteenth line of said Section 6. 39, Vol. 4 amended Section 3. That Section 6 of the Act aforesaid be Sec. 6, Chap. further amended by striking out all of said Section after further the words "United States" in the twenty-seventh line of said Section, and by inserting in lieu thereof the words "and also to discount bills, notes and other evidences of debt, to receive deposits of money or securities for money, to buy gold and silver bullion and foreign coin, to buy and sell bills of exchange, and all other kinds of securities and evidences of indebtedness, and generally to use, exercise and enjoy all the powers, rights, privileges and franchises, incident to a corporation, which are proper or necessary for the transaction of the business of the corporation aforesaid.” 39, Vol. 4 Section 4. That Section 12 of the Act aforesaid be Sec. 12, Chap. further amended by striking out all of the paragraph of amended said Section numbered Seventh after the word "Seventh" and by inserting in lieu thereof, the following: Sec. 12, Chap. 39, Vol. 4 further amended Paragraph 9, Sec. 12, Chap. 39, Vol. 4 repealed Sec. 12, Chap. 39, Vol. 4 further amended Paragraph 15, Sec. 12, Chap. 39, Vol. 4 repealed Sec. 13, Chap. 39, Vol. 4 amended Sec. 17, Chap. 39, Vol. 4 repealed Sec. 18, Chap. 39, Vol. 4 repealed OF BANKS. "Meetings of stockholders may be called as prescribed by the Ordinances or By-Laws or by Resolution of the Directors of the principal bank or of any of the branch banks." Section 5. That Section 12 of the Act aforesaid be further amended by striking out all of the paragraph of said Section numbered Eighth after the word "Eighth" and by inserting in lieu thereof the following: “Every cashier or treasurer, before he enters upon the duties of his office, shall be required to give bond, with one or more sureties; the amount of said bond, its condition and the satisfactoriness of the surety or sureties to be within the discretion of the Directors." Section 6. That Section 12 of the Act aforesaid be further amended by striking out all the paragraph numbered Ninth in said Section 12. Section 7. That Section 12 of the Act aforesaid be further amended by striking out all the paragraph of said Section numbered Thirteenth after the word "Thirteenth" and by inserting in lieu thereof the following: "Dividends shall be declared from time to time as the Directors shall deem advisable." Section 8. That Section 12 of the Act aforesaid be further amended by striking out all the paragraph of said Section numbered Fifteenth. Section 9. That the Act aforesaid be amended by striking out all of Section 13 thereof. Section 10. That the Act aforesaid be further amended by striking out all of Section 17 thereof. Section 11. That the Act aforesaid be further amended by striking out all of Section 18 thereof. OF BANKS. Section 12. That the Act aforesaid be further amend- Sec. 19, Chap. ed by striking out all of Section 19 thereof. 39, Vol. 4 repealed repealed Section 13. That the Act aforesaid be further amend- Sec. 21, Chap. ed by striking out all of Section 21 thereof and by add- 39, Vol. 4 ing after Section 20 thereof two new Sections, as follows: granted this owned by "Section 21. The corporation established or organ- New Section 21 ized under this Act is hereby given the same powers, rights and privileges as may be conferred upon corpo- Powers rations organized under the Act entitled, "An Act Pro- corporation viding a General Corporation Law," approved March 19, 1899, as amended. The stock of this corporation own- Voting of stock ed or held by the State may be voted for or against any State amendment of the Charter or agreement for consolidation at any meeting of the stockholders held for the consideration of such amendment or such agreement under the provisions of the aforesaid Act entitled, "An Act Providing a General Corporation Law"; such voting of the State Stock to be in the manner prescribed by, and in accordance with the determination of, two-thirds of those Directors holding office as such by virtue of appointment by the General Assembly of the State of Delaware, and this Section shall be deemed and held to be a full and sufficient warrant therefor." "Section 22. All the provisions of this Act and of the New Section 22 various supplements thereto, in force on the first day of June, nineteen hundred and thirteen, as also all and every the provisions of all and every the Acts of the General Assembly of the State of Delaware, in force on the first day of June, nineteen hundred and thirteen, whereby any right, power, franchise, privilege or immunity is Acts in force granted to or vested in the said corporation, be and the continue in same are hereby continued in force forever, and the said corporation shall perpetually have, hold, enjoy and pos June 1, 1913 to force forever |