Mechanics' Building Association, of Jefferson, Texas |
Leader Dry Goods - Fading sign, Jefferson, Texas
CHAPTER CXLIII.
AN ACT TO INCORPORATE THE MECHANICS' BUILDING ASSOCIATION OF JEFFERSON, TEXAS.
Section 1. Whereas, H. P. Mabry, Edward Eberstadt, R. C. Boney, F. Stutz, Joe Ney, A. S. Huey, D. J. Foley, T. G. Anderson and Louis Weiderman. and others, have associated themselves together for the purposes set forth in this act; therefore
Be it enacted by the Legislature of the State of Texas, That said parties named, and such others as may be associated with them, he and are hereby created and constituted a body corporate and politic, by the name and style of the Mechanics' Building Association, of Jefferson, Texas, and by that name and style shall have succession for twelve years, with power to contract and be contracted with ; sue and be sued ; to plead and be impleaded; to have a common seal; to purchase, own and sell real and personal property to any amount which may be necessary to further the objects of the association.
Sec. 2. The capital stock of said association may be in any sum not less than three hundred thousand dollars, and the assessment and collection of the installments thereon may be made at such times and in such amounts as the stockholders thereof may direct. Said association may loan their funds on such terms as the association may direct, for the purpose of building up and improving the property of the city of Jefferson; may take and accept such security on said loans, as may be agreed upon by the president and directors of the association.
Sec. 3. Said association may elect annually from the stockholders thereof, nine directors, which directors may elect from their number a president and vice president, and may appoint a secretary and treasurer and such other officers and agents as may be necessary ; and such officers and agents may be removed and all vacancies filled as may be directed by the by-laws of the association.
Sec. 4. Said association maj make such rules, regulations and by-laws as the stockholders may deem best for the purpose of carrying out the objects of the association, and change the same at will; and the same shall be of the same binding force and effect upon the members thereof as if the same was a part of this act; provided, the same be not inconsistent with the laws and Constitution of this State or the United States.
Sec. 5. Said association may sue and be sued in their corporate name in any court in this State without specially pleading this act of incorporation, and service may be had thereon by the same being made on the president or vice president of said association.
Sec, 6. That this act be in force from and after its passage.
Approved December 2, 1871.
Laws Passed by the ... Legislature of the State of Texas
by
Texas - 1871
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