Page:United States Statutes at Large Volume 31.djvu/1361

 FIFTY-SIXTH CONGRESS. Sess. II. Ch. 854. 1901. 1309 administrator, guardian, or trustee shall be liable in like manner and to the same extent as the testator or intestate or the ward or the person interested in such trust fund would have been if he had been living and competent to act and hold the stock in his own name. - __ Sec. 743. INCREASE on CAPITAL sTooK.—Any corporation which may ,,§§,§f°“*° °‘ °“p““’ be formed under this subchafpter may increase its capital stock by comlying with the provisions 0 this subchapter to any amount which may ile deemed sufficient and proper for the purposes of the corporation. _ Sec. 74-4. Corr on CERTIFICATE TO BE Ev1DENoE.——A copy of any w‘{,‘gPg’vI‘g§,,f,§§·‘”°“*° certificate of incorporation filed in pursuance of this subchapter, certified by the recorder of deeds to be a true copy and the whole of such certificate, shall be received in all courts and places as presumptive legal evidence of the facts therein stated. Sec. 745. N0 BOND TO BE REQUIRED WHEN COMPANY A1>r01NTED q`§$edb°¤`§hg; bag; EXECUTOR, AND So FORTH, EXCEPT, AND S0 FORTH.—No bond or other pany appointed execcollateral security, except as hereinafter stated, shall be required from “°°r‘ any trust company incorporated under this subchapter for and in respect to any trust, nor when appointed trustee, guardian, receiver, executor, or administrator with or without the will annexed, collector, committee of the estate of a lunatic or idiot, or other fiduciary appointment; but the capital stock subscribed for or taken, and all property owned b said company and the amount for which said stockholders Shadi be liable in excess of their stock, shall be taken and considered as the security required by law for the faithful performance ofits duties, and shall be absolutely liable in case of any default whatever; and in case of the insolvency or dissolution of said company, the debts due from the said company as trustee, guardian, receiver, executo1·, administrator, collector, or committee of the estate of lunatics, idiots, or any other fiduciary appointment shall have a preference. Sec. 746. Bonn MAY nn Rnom;nnD.——The supreme court of the boggmgtgarurgggligg District of Columbia, or any justice thereof, shall ave power to make ary estates: em. orders respecting such company whenever it shall have been appointed trustee, guardian, receiver, executor, administrator with or without the will annexed, collector, committee of the estate of a lunatic, idiot, or any other Hduciary, and require the said company to render all accounts which might lawfully be made or .required by any court or any justice thereof 1f such trustee, guardian, receiver, executor, administrator with or without the will annexed, collector`, committee of the _ _ estate of a lunatic or idiot, or fiduciary were a natural person. And ‘(°‘g‘(}§jp,f,§;§”;‘,;‘,§§§;‘ said court, or any justice thereof, at any time, on application of any etc- ’ person interested, may appoint some suitable person to examine into the aifairs and standing of such companies, who shall make a full report thereof to the court, and Said court, or any justice thereof, may at any time, in its discretion, require of said company ca bond with sureties or other security for the faithful performance of its obligations, and such sureties or other security shall be liable to the same extent and in the same manner as if given or pledged by a natural person. ' Sec. 747. CORPORATIONS ORGANIZED UNDER STATE LAWS.--No cor- ,é_§g’u¥§gg§g§,,gg§g§;’;j, poration or company orglanized by virtue of the laws of any of the is-totes of this Union and aving its principal place of business within 1*. District of Columbia shall carry on in the District of Columbia aww vi the kinds of business named in this subchapter without strict cor:. iiance in all particulars with the provisions of this subchapter for the government of such corporations formed under it, and each one of the officers of the corporation or company so offendingshall be punished by a fine not exceeding one thousand dollars or imprisonment .11ot exceeding one year, or by both fine and imprisonment, in the discretion of the court. A. Sec. 748. RIGHT TO AMEND on REPEAL RESERVED TO CoNoRnSS.— m§;§}*° Qgsgjnvggd Q; Congress may at any time alter, amend, or repeal this subchapter, but Congress.