of their stock; and a transfer or issue of the same at any such transfer agency, in accordance with the provisions of its by-laws, is valid and binding as fully and effectually for all purposes as if made upon the books of such corporation at its principal office within this state. The agencies must be governed by the by-laws and the directors of the corporation.

Stock Certificates Issued at Transfer AgenciesHow Signed.

C. C. Sec. 587. All stock of any such corporation, issued at a transfer agency, must be signed by the president and secretary of the corporation, and countersigned at the time of its issue by the agent having charge of the transfer agency. No stock must be issued at a transfer agency unless the certificate of stock, in lieu of which the same is issued, is at the time surrendered for cancellation.

Alienation of Property-Method.

C. C. Sec. 584. The directors of a mining corporation must not sell, lease, mortgage, nor otherwise dispose of any mining ground owned or held by the corporation, nor purchase any additional mining ground, unless their act is ratified by the holders of at least two-thirds of the capital stock of the corporation made either in writing, signed and acknowledged by such stockholders, or by a resolution duly passed at a regularly called stockholders' meeting. The certificate of the secretary of any mining corporation reciting such ratification at a stockholders' meeting, or the names of the stockholders, with the amount of stock held by each and the total stock outstanding, signed and acknowledged by him in the manner provided for the acknowledgment of conveyances of real property, may be attached to, or indorsed upon, any deed, mortgage, conveyance, or other instrument made under this section and recorded with such deed, conveyance, or other instrument, and

the recitals contained in such certificate, or the duly recorded copy thereof, are prima facie evidence of their truthfulness for all purposes whatsoever. No one except a stockholder in such a corporation must be permitted to urge any objection to the acquisition by it of any additional ground or other property.

Stock Must be in Name of Real Owner or Trustee. C. C. Sec. 585. All the stock of a mining corporation must stand on the books thereof in the names of the real owners or the names of their trustees. In every case in which stock stands in the name of a trustee, the party for whom he holds it must be designated upon such books and also in the body of the certificate of such stock. Neither the corporation nor its secretary must close its books more than two days prior to the day of an election.

Liabilities of Officers for Misfeasance in Office. Civil Code 590, p. 542, supra.

Books to be Kept Open-Reports to be Published. C. C. Sec. 588. It is the duty of the secretary of every corporation formed for the purpose of mining, or conducting mining in California, to keep a complete set of books showing all receipts and expenditures of such corporation, the sources of such receipts, and the objects of such expenditures, and also all transfers of stock. All books and papers must, at all times during business hours, be open to the inspection of any stockholder. He is entitled to be accompanied by an expert, and to make copies or extracts from any such books or papers. He may, at reasonable hours, examine such mining property, accompanied by an expert, take samples, and make such other examination as he may deem necessary. It is the duty of the directors, on the second Monday of each and every month, to cause to be made an itemized account or balance sheet for the previous month, embracing a full and complete state

ment of all disbursements and receipts, showing from what sources such receipts were derived, and to whom and for what object or purpose such disbursements or payments were made; also all indebtedness or liabilities incurred or existing at the time, and for what the same were incurred, and the balance of money, if any, on hand. Suck account or balance sheet must be verified under oath by the president and secretary, and posted in some conspicuous place in the office of the company. It is the duty of the superintendent, on the first Monday of each month, to file with the secretary an itemized account, verified under oath, showing all receipts and disbursements made by him for the previous month, and for what said disbursements were made. Such account must also contain a verified statement showing the number of men employed under him, and for what purpose, and the rate of wages paid to each. He must attach to such accounts a full and complete report, under oath, of the work done in said mine, the amount of ore extracted, from what part of mine taken, the amount sent to mill for reduction, its assay value, the amount of bullion received, the amount of bullion shipped to the office of the company or elsewhere, and the amount, if any, retained by the superintendent. It is his duty to forward to the office of the company a full report, under oath, of all discoveries of ores or mineral-bearing quartz made in said mine, whether by boring, drifting, sinking, or otherwise, together with the assay value thereof. All accounts, reports, and correspondence from the superintendent must be kept in some conspicuous place in the office of said company, open to the inspection of all stockholders.

Mutual Benefit Lodges.

What Law Governs.

Sec. 453p. The provisions of this chapter do not apply to secret or fraternal societies, lodges, or councils, which conduct their business and secure membership on the lodge system exclusively, having ritualistic work and ceremonies in their societies, lodges; or councils, nor to any mutual or benefit association organized or formed and composed of members of any such society, lodge, or council exclusively.

ailroad Corporations.

Are Common Carriers-Legislative Control.
Articles of Incorporation-What to Contain.
Subscribed Capital Stock-Amount of.
Amounts to be Paid in Before Incorporation.
Power to Consolidate.

Traffic Agreement and Leases.
Powers.

No Passes to Public Officials.
Pooling Traffic-Earnings Unlawful.
Power to Create Bonded Debt.

Sinking Fund Required.

Franchises

Roads.

for Elevated or

Underground

Motive Power-What May be Used.

Map and Profile to be Filed.

Power to Change Line of Road.

Time of Commencement and Completion of

Road.

Intersecting Roads.

Franchises in Incorporated City or Town.

Crossings.

Right of Way Over State Lands.

Power to Alienate Franchises and Property.

No Discrimination in Rates.

Baggage to be Checked.

Time-Tables to be Published.

Damages for Refusal to Furnish Transportation.

Seats in Cars.

Rules and Regulations to be Posted in Cars.
Fences to be Maintained-Penalty.

Bell on Locomotive.

Right to Eject Passengers-When and Where.
Employees to Wear Badges.

Tickets.