the appointments heretofore made under the sections hereby repealed; and Provided, further, That such repeal shall not effect [affect] any of the acts or proceedings of any such commissioners of deeds had or done prior to the taking effect of this act. Approved March 27, 1885. CORPORATIONS. (S. B. 83.) AN ACT TO AMEND SECTION 7 OF CHAPTER XIX. OF THE GENERAL STATUTES Be it enacted by the General Assembly of the State of directors of cor SECTION I. That section 7 of chapter XIX. of the Election of General Statutes of Colorado, entitled "Corporations," be portions. so amended as to read as follows: "SEC. 7. In case it should happen at any time that an election of directors or trustees shall not be held on the day designated by the by-laws of said company, when it ought to have been held, the company for that reason shall not be dissolved; but such directors or trustees may be chosen at any subsequent meeting of the stockholders, at which a majority of the stock is represented, such meeting to be called by the directors or trustees, or any two stockholders, by giving public notice of the time and place of holding such meeting, in the manner provided by section 6 of this chapter;' Provided, If a majority of such stock be not represented at the meeting so called, the same may be adjourned by the stockholders present, for a period not exceeding sixty days. All acts, and parts of acts, inconsistent with this act, are hereby repealed. SEC. 2. SEC. 3. In the opinion of the General Assembly an Emergency. emergency exists; therefore, this act shall take effect and Reorganization of railroad companies. Power of com ized so organ (S. B. 162.) AN ACT TO AMEND CHAPTER XIX. OF THE GENERAL STATUTES, ENTITLED "AN ACT TO PROVIDE FOR THE FORMATION OF CORPORATIONS." Be it enacted by the General Assembly of the State of SECTION I. Whenever the railroads, telegraph lines, property and franchises of any railroad company, organized and existing under the laws of this State, shall be sold and conveyed under or by virtue of any power contained in any trust deed or mortgage, or pursuant to the judgment or decree of any court or competent jurisdiction, it shall be lawful to organize a railroad company under the laws of this State, for the purpose of purchasing, maintaining, operating, extending or completing the railroads and telegraph lines so sold and conveyed. SEC. 2. The railroad company so organized shall have power and authority to acquire and purchase the property and franchises so sold and conveyed, and to take, hold, exercise and enjoy all the estate, franchises, rights, powers and privileges, claim or demand in law or equity of the corporation whose property and franchises have been so sold and conveyed, and in payment of the price therefor, such railroad company may issue its capital stock and bonds, and may mortgage its property and franchises with such classification of capital stock and bonds as may be agreed upon by and between such railroad company and the parties beneficially interested, or who may have the ownership and control of such property and franchises. Approved April 7, 1885. (H. B. 27.) AN ACT TO PROVIDE FOR THE AMENDMENT OF ARTICLES OF INCORPORA- Be it enacted by the General Assembly of the State of poration may be SECTION I. That any incorporated company organized Articles of incorunder the laws of this State, except railroad companies, amended. may amend their articles of incorporation, in any respect, provided no incorporated company shall, by amendment, so change its articles as to work a change in the object or purpose for which such company was originally organized. stockholders to SEC. 2. Whenever the holder or holders of one-third Meetings of in amount of the stock subscribed, issued, credited to the consider amendholders thereof, or outstanding, as shown by the stock ments. books of such corporation, shall, in writing, request the president or board of directors or trustees thereof, to call a meeting of the stock-holders of such corporation, for the purpose of considering a proposed amendment to the articles of incorporation of such company, setting forth in such written request the substance of such proposed amendment, the board of directors or trustees of such corporation, as the case may be, shall, without unnecessary delay, appoint a time and place for a special meeting of the stockholders, not less than thirty, nor more than sixty days thereafter; which meeting shall be called in the manner provided in section 347 of the General Statutes of this State. thirds of stock ments. SEC. 3. If at such stock-holders' meeting, the proposed Vote of two amendment or amendments to the articles of incorporation necessary to shall be adopted by the vote of two-thirds of all the stock adopt amendthen subscribed, and in good faith, outstanding, such amendment or amendments shall be deemed adopted, and when duly certified by the president and secretary, and filed for record in the office of the Secretary of State, and in the office of the clerk and recorder of the county or counties wherein the original articles of incorporation were filed, the same shall thereafter be in full force and effect, to the same extent as if such amendment or amendments had been a part of the original articles of incorporation. Approved March 25, 1885. (H. B. 38.) AN ACT TO AMEND AN ACT ENTITLED "AN ACT TO PROVIDE FOR THE Be it enacted by the General Assembly of the State of SECTION 1. That section twenty-nine (29) of said act, being section two hundred and nineteen (219) of the General Laws, be, and the same is hereby, amended to read as follows: SEC. 29. Nothing in this act contained shall be construed to allow the construction of any street or other railroad, or other structure or sub-structure, for any purpose on, below or elevated above the surface of the ground of any street or alley within the limits of any such city or town, by any corporation, person or persons whomsoever, without the consent of the local authorities of such city or does not relieve town; but no such consent, however enacted or expressed, from liability for on any consideration whatever, shall operate to relieve or protect any person, persons, or corporation or corporations constructing any such street or other railroad, or structure or sub-structure, as aforesaid, against any claim for damages to private property, which otherwise, without such consent, might be lawfully maintained against such person or persons, corporation or corporations. Consent of the local authorities street railroads damages. Approved March 25, 1885. (H. B. 93.) AN ACT TO AMEND CHAPTER NINETEEN OF THE GENERAL LAWS OF COLO- Be it enacted by the General Assembly of the State of state shall collect from corpo SECTION I. That from and after the passage of this act, all corporations, either domestic or foreign, organized for pecuniary gain, under any of the provisions of chapter 19 of the General Laws of the State of Colorado, shall pay to the Secretary of State, upon the issuing of the certificate, Secretary of as provided in said chapter, the sum of ten dollars; Provided, The par value of the capital stock shall not exceed rations for issuone hundred thousand dollars; but in case the capital stock cate. of said corporation shall be in excess of said one hundred thousand dollars, the Secretary of State shall collect the further sum of ten cents on each and every thousand dollars of such excess. SEC. 2. All acts, or parts of acts, in conflict with any of the provisions of this act, are hereby repealed. Approved April 10, 1885. ance of certifi |