Page:1889 North Dakota Session Laws.pdf/153

 CORPORATION HEADQUARTERS.

CHAPTER 49.

[S. F 161.]

PROVIDING MANNER OF CHANGE OF HEADQUARTERS OF CORPORATIONS.

AN ACT Authorizing a Private Corporation to Change the Place Where Its Principal Business is to be Transacted.

Be it Enacted by the Legislative Assembly of the State of North Dakota:

§ 1. HEADQUARTERS HOW CHANGED.] Every private corporation created and existing, or which may hereafter be created, under and by virtue of the laws of the Territory of Dakota, now State of North Dakota, may change the place where its principal business is to be transacted, a meeting called for that purpose by the directors, as follows:

First. Notice of the time and place of the meeting, stating its object, must be personally served upon each stockholder or member at his place of residence, if known, and if not known at the place where the principal office of the corporation is situated, and be published in a newspaper published in the county of such principal place of business, once a week for four weeks, consecutively immediately prior to the time of such meeting.

Second. At least two-thirds of the entire capital stock must be represented by the vote in favor of the change of the place where the principal business of the corporation is to be transacted.

Third. A certificate must be signed by the chairman and secretary of the meeting, and a majority of the directors, showing a compliance with the requirements of this act, the place to which the place where the principal business of the corporation is to be transacted has been changed, the amount of stock or the number of the members represented at the meeting, and the vote by which the object was accomplished.

Fourth. The certificate must be filed in the office of the Secretary of State, there to be recorded in the book of corporations, and thereupon the place where the principal business of the corporation is to be transacted will be so changed.

Fifth. The written assent of the holders of three-fourths of the subscribed capital stock shall be as effectual to authorize the