Page:United States Statutes at Large Volume 32 Part 1.djvu/599

 FIFTYSEVENTH CONGRESS. Sess. I. Ch. 1329. 1902. 533 Strike out sections 540, 541, 542, and 543. 0,gg,gg¢¤1¤¤S· M- Amend section 547 by inserting in the fourth line thereof after the Vpl-_3i. p. 12751-_ word "paid” the words "where the purchase price exceeds one mi§§l11tt°°°ndIt1°““l hundred d0llars." V°*· 31»1°·1275· Amend section 553 by striking out in line 16 " eighteen hundred and m§,j°°’d°>' <>1_d<><·=d¤· ninety-one’” and inserting "nineteen hundred and one, to take effect V0ll·31, p. 1276. with this code." . Strike out section 554. _ mgistto ¤¤¢¤¤<>1¤¤111· Amend section 555 so that it will read as follows: v51. 31, p.1276. “‘ Sec. 555. Insrnnmnnrs Nor EXEGUTED OR ACKNOWIIEDGED Aoconn- b€IQgQ},1j,¤e1j,¤*¤ 110* 10 me TO 1.Aw.—The recorder shall not accept for record or record any v¤1.s1,p.'12v6. instrument which shall not be executed and acknowledged agreeably to law by the person or party therein granting or contracting with regpect to his right, title, or interest in the land therein described." n subchapter five of chapter sixteen "Forms of conveyancing," 1”,<>¤!;¤i amend the heading “Deed of live estate " so that it will read “Deed v$i.a1,°;il”i¥51°Y" of life estate;" also amend the same form by striking out in the third line thereof the words “and so forth " and inserting in lieu thereof "(here describe the property)." In the same subchapter amend the form headed “Deed of trust to secure debts, sureties, or for other purposes," by strikin out in the third and fourth lines thereof the words "as trustee " ang by inserting in said fourth line after the blank space therein the words "as trustee." ‘ In the same subchapter amend the form headed "Executor’s deed" by striking out in the nfth line thereof the words "and so forth ” and inserting in lieu thereof the words " (here describe the property)? In the same subchapter amend the form headed “Form of mortgage, with or without power of sale," by striking out in the fourth and fifth lines thereof the words "promissory notes or bonds, or other instruments," and by inserting in the fifth line thereof, after the word "describe," the word " obligation." Amend section 568 by striking out in the sixth and seventh lines §g{¤§§¢¤’1>i>2*$¤· thereof the words "in all matters incident or belonging to the duties’p' ` of his office," and by inserting in the seventh line thereof after the word “and" the word "also." Amend section 571 by striking out in the sixth line thereof the word 1j¢{b§1¤<>rrgcr1¤¤¤. "take" and inserting in lieu thereof the word "takin ." 1 °' "°` kw Amend section 604 by striking out in the first line thereof the sylla- V<>1- 31- 11- 1284- ble " sub" and by inserting in the second line thereof, after the word "any," the word "corporation." Amend section 605 by striking out in the fourth and fifth lines thereof $%1;Pg{¤¤<>11;é4 the words "corporations to buy, sell, or deal with real property;" also‘°' ' by addin at the end of said section the following words: "1%·om'ded, mgn of ml That nothing herein contained shall be held to authorize the organiza- esmc business. tion of corporations to buy, sell, or deal in real estate, except corporations to transact the business ordinarily carried on by real·estate agents or brokers." ` Amend section 618 so that it will read as follows: _ _ _ ‘“S1:c. 618. PENALTY ron rA11.um·1.—If any company fails to com- m§§‘}§Q‘f§wfgT “°‘ ply with the provisions of the preceding section, any creditor of the V<>1-31-P-1286 corporation or other person interested may by petition for mandamus against the co oration and its proper officers compel such publication to be made, add) in such case the court shall require the corporation or the officers at fault to pay all the expenses of the proceeding, including counsel fees." Amend section 621 so that it will read as follows: _ _ "S1zc. 621. Loans ro STOCKHOLDERS.—N0 loan of money shall be ,¤,Ig‘,’§§§k§’}S_1°“"“ °° made by any company upon the security, in whole or in part, of its V°1·3r1>·¤86- own stock; and if any such loan shall be made, the trustee or officer authorizing the same shall be responsible to the corporation therefor: