Page:United States Statutes at Large Volume 76A.djvu/139

–43– -43(b) The application for the permit shall be in writing, verified, and shall set forth: (1) the names and addresses of its officers; (2) the location of its principal office; (3) the name of its Canal Zone representative; (4) an itemized account of its financial condition; (5) the amount and character of its assets and liabilities; (6) a detailed statement of the plan upon which it proposes to transact business; (7) a copy of any prospectus or advertisement, or other description of the securities, then prepared by or for it, for distribution or publication; and (8) additional information required by the Governor concerning the company, its condition, or affairs. (c) If the applicant is a partnership, an unincorporated association, or joint stock company, it shall file with its application a copy of its articles of partnership or association, and all other papers pertaining to its organization. (d) if the applicant is a corporation, it shall file with its application: (1) a copy of all minutes of proceedings of its directors, stockholders, or members relating to or affecting the issue of the securities; (2) a copy of its articles of incorporation and bylaws, and amendments thereto; and (3) a certificate, dated not more than 60 days before the filing of the application, executed by the proper officer of the State or country in which the corporation is organized, showing that the applicant is authorized to transact business there. § 1293. Process a g e n t; service of process; s u r r e n d e r of permit (a) At the time of filing its application, a company shall file with the executive secretary of the Canal Zone Government a designation of a person residing within the Canal Zone upon whom process issued under a law of the Canal Zone may be served and his place of business or residence, and a certified copy of the minutes of the board of directors of the company authorizing the designation. (b) Process may be served on the person designated by the company or, if he can not be found at the place designated, or if no person IS designated, on the executive secretary of the Canal Zone Government, and it shall be a valid service on the company. When the executive secretary has been served with process he shall without delay communicate the same to the company concerned at its last known address. A default judgment may not be entered against the company in an action in which process is served on the executive secretary until at least 60 days after the date of the service. (c) Sections 881 and 882 of this title apply to the surrender of the permit of a company issued pursuant to this chapter, and to service of process upon a company after revocation or surrender of its permit. § 1294. Examination of application; issuance and revocation of permit (a) Upon the filing of an application, the Governor shall examine or cause to be examined the application and the papers and documents filed with it. He may make or cause to be made a detailed examination, audit and investigation of the applicant and its affairs.

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