The Statutes at Large of Virginia: From October Session 1792, to December Session 1906 [i.e. 1807], Inclusive, in Three Volumes, (new Series,) Being a Continuation of Hening ..., Volume 3

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William Waller Hening (1750 (ca)-1828)
S. Shepherd, 1836 - Law
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Shepherd, Vol. III (1836).
A continuation of Hening's Statutes.

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Page 104 - And be it further enacted by the authority aforesaid, That in case it should at any time happen that an election of Directors should not be made on any day when pursuant to this Act it ought to have been made, the said Corporation shall not for that cause be deemed to be dissolved, but it...
Page 106 - Not less than seven directors shall constitute a board for the transaction of business, of whom the president shall always be one, except in case of sickness, or necessary absence: in which case his place may be supplied by any other director whom he, by writing under his hand, shall nominate for the purpose.
Page 104 - ... year. The directors, at their first meeting after each election, shall choose one of their number as President.
Page 107 - States, or either of them, by any creditor or creditors of the said corporation, and may be prosecuted to judgment and execution, any condition, covenant, or agreement to the contrary notwithstanding. But this...
Page 107 - Such of the said directors, who may have been absent when the said excess was contracted or created, or who may have dissented from the resolution or act whereby the same was so contracted or created, may respectively exonerate...
Page 106 - ... as shall be requisite for its immediate accommodation in relation to the convenient transacting of its business, and such as shall have been bona fide mortgaged to it by way of security, or conveyed to it in satisfaction of debts previously contracted in the course of its dealings, or purchased at sales, upon judgments which shall have been obtained for such debts.
Page 107 - The bills, obligatory and of credit, under the seal of the said corporation, which shall be made to any person or persons, shall be assignable by endorsement...
Page 103 - ... to sue and be sued, plead and be impleaded, answer and be answered, defend and be defended, in all State courts having competent jurisdiction, and in any circuit court of the United States...
Page 105 - That the directors for the time being shall have power to appoint such officers, clerks, and servants under them, as shall be necessary for executing the business of the said corporation, and to allow them such compensation, for their services respectively, as shall be reasonable...
Page 108 - ... or them, in his, her, or their private or natural capacity or capacities ; and shall be assignable and negotiable, in like manner as if they were so issued by such private person or persons...

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