Gambar halaman
PDF
ePub

tion organized under the laws of any other state or territory, to carry on business of a like character to that authorized by this title, shall be allowed to do business or to sell their stock in this state without first having deposited with the state controller or secretary of state the sum of fifty thousand dollars in money, or United States or municipal bonds of this state, or in mortgages upon real estate located within this state, as a guaranty fund for the protection and indemnity of residents of the state of California with whom such companies, associations, or corporations shall do business; the fund so deposited to be paid by the custodian thereof to the residents of California only, and not then until proof of claim by final judgment has been filed with the custodian of said fund against such foreign company, association, or corporation. Any of the securities so deposited may be withdrawn at any time upon others, herein provided for, of like amount being substituted in lieu thereof. Any person or persons who shall be found in this state as agent, or in any capacity, representing such foreign company, association, or corporation which has not complied with the provisions of this section shall be deemed guilty of a misdemeanor, and upon conviction shall be punished by a fine not exceeding one thousand dollars or by imprisonment in the county jail not exceeding twelve months, or by both such fine and imprisonment.

Canal Companies.

Are Common Carriers.

Must Not Unnecessarily Obstruct Highways. Officers Not to be Interested Adversely to the Corporation.

Are Common Carriers.

Const. Art. XII, Sec. 17. All railroad, canal, and other transportation companies are declared to be common carriers, and subject to legislative control. Any association or corporation, organized for the purpose, under the laws of this state, shall have the right to connect at the state line with railroads of other states. Every railroad company shall have the right with its road to intersect, connect with or cross any other railroad, and snall receive and transport each the other's passengers, tonnage and cars, without delay or discrimination.

Must Not Unnecessarily Obstruct Highways.

C. C. Sec. 551. No canal, flume, or other appliance for the conducting of water must be so laid, constructed, or maintained as to obstruct any public highway; and every person or corporation owning, maintaining, operating, or using any such canal, flume, or appliance, crossing or running along any public highway, must construct, maintain, and keep in repair such bridges across the same as may be necessary to the safe and convenient use of such highway by the public; and on failure so to do, the board of supervisors of the county may construct or repair such bridge or bridges, and recover of such person or corporation the amount of the expenditure made in so doing.

Officers Not to Be Interested Adversely to the Corporation.

Const. Art. XII, Sec. 18. No president, director, officer, agent, or employee of any railroad or canal company shall be interested, directly or indirectly, in the furnishing of material or supplies to such company, nor in the business of transportation as a common carrier of freight or passengers over the works owned, leased, controlled, or worked by such company, except such interest in the business of transportation as lawfully flows from the ownership of stock therein,

Cemetery Associations.

Conveyances to be Executed by President, or Vice-President, and Secretary, in the Name of the Corporation and Under Its Seal.

Power to Issue Bonds.

Power to Take and Hold Land.

Power to Acquire Personalty.

Power to Take in Trust.

Power to Sell Land.

Title to Burial Plats Inalienable, Except.
Rights of Plat-Owners.

Election of Directors-Who Can Vote.

Conveyances to Be Executed by President, or VicePresident, and Secretary in the Name of the Corporation and Under Its Seal.

Statutes 1895, p. 75.

Power to Issue Bonds.

C. C. Sec. 611. Such corporations may issue their bonds, bearing interest not exceeding twelve per cent. per annum, for the purchase of lands for their cemeteries, payable out of the proceeds of the cemetery, and not otherwise. Sixty per cent. of the proceeds of sales of lots, plats, and graves must be applied at least every three months to the payment of the bonds and interest. Such corporations may also agree with the person or persons from whom cemetery lands shall be purchased, to pay for such lands, as the purchase price thereof, any specified share or portion, not exceeding one-half, of the proceeds of all sales of lots or plats made from such lands; such payment to be made at such intervals as may be agreed upon. In all cases where cemetery lands shall be purchased and agreed to be paid for in the manner last provided, the prices for lots or

plats specified in the by-laws, rules, or regulations first adopted by such association, or prescribed in the agreement between the cemetery and the person or persons from whom the cemetery lands were purchased, shall not be changed without the written consent of a majority in interest of the persons from whom such lands were purchased, their heirs, representatives, or assigns. Power to Take and Hold Land.

C. C. Sec. 608. Corporations organized to establish and maintain cemeteries may take, by purchase, donation, or devise, land, not exceeding three hundred and twenty acres in extent, in the county wherein their articles of incorporation are filed, or in an adjoining county, and may employ any surplus moneys in the treasury thereof for such purpose; such lands to be held and occupied exclusively as a cemetery for the burial of the dead. The lands must be surveyed and subdivided · into lots or plats, avenues, and walks, under order of the directors, and a map thereof filed in the office of the recorder of the county wherein the lands are situated. Thereafter, upon such terms and subject to such conditions and restrictions, to be inserted in the conveyances, as the by-laws or directors may prescribe, the directors may sell and convey the lots or plats to purchasers.

Power to Acquire Personalty.

C. C. Sec. 610. Such corporations may hold. personal property to an amount not exceeding five thousand dollars, in addition to the surplus remaining from the sales of lots or plats after the payments required in the succeeding section. Such surplus must be disposed of in the improvement, embellishment, and preservation of the cemetery, and paying incidental expenses of the corporation, and in no other manner.

Power to Take in Trust.

C. C. Sec. 616. Any corporation organized to establish and maintain, or to improve, a ceme

« SebelumnyaLanjutkan »