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court may order a' new election, at such time and place as they shall appoint. § 49. The supreme courti if they cannot otherw ise arrive at a satisfactory result, m ay order an issue between the parties, to be made- up in such maimer and form, aud to be tried iu such court, as they shall or may perm it or direct tbe attorney-general to file an infor m ation, ui the nalure of a quo warranto, if the case be one iu which that proceeding would be com p etent and effectual. § 50. If any such issue shall be ordered, or information permitted or directed to be filed, it shall be the duty of the supreme court to m ake such further~orders in relation to the time and m o d e of pleading, fhe examination of witnesses or the parties, tlie p roduction of books and pa pers, a n d the time and pisce of trial or htaring, as shall in their judgm e n t be effectual for ex pediting the-proceedingft, saving expense to the parties, and causing a final determination to be had, w ith as little delay, as the uature of the controversy will permit. A R T I C L E T H I R D . O f the Construction o f this Title. § 51 The term “ monied corporation,” as used in this Title, sliall be construed to mean everv corporation having banking powers, or haVing the power to make loans upon pledges or deposits, or authorised by law to make in surances. § 5*2. The provisions of this Title shall be construed to apply to every such corporation, that shall h^Veafterbe created, or whose charter shall be renewed or extended , unless such cor poration shall be specially exempted from the proviiions of this T itle, iu the act creating, re newing, or extending such corporation. § l 53*..~TMjsna “ directors,” as used in this T itle, shall be construed to embrace all persons having by law, the direction, or management of the affairs of anv such corporation,by whatever nam e they may be described—in its c h a rter, or known iu law. J 54. The term “ effects,” as used in this -Title, shull be construed to embrace every s p e cies of property, real and personal, including things in action. § 35. The term , “ evidence of debt,” as so U' od. sh ill be coustrued to embrace every writ ten inslrurnent or security, for the payment of money, importing on its face the existence of a debt, and whether under se.il ><r otherwise. T I T I . K III. OP THE 1.1 NERVI I’OWI-.RS, PR1V l l F.(.KS, V ^ D L*V- bii i T i i s . o f c o r p o r a t i o n s . § 1. Everv corporation, a* such, has p o w e r . ]. T o have succession by it.- c orporate ti une. for th-1 perm I limited in its ch.irter: aud w h e n no period is limited, perpetually. 2 . T o sue anil he sued, complain and defen,I. in any court ot'U w or equity. 3 T u make and use a < oiiun-'ri <eal, and alter the ^am*’ it pleasure 4. T o hold, p u r c h a s e , and convey sir'll real .aid personal est u e , ..s the purpo- •> oi the cor poration shall re q u i r e not exceeding the a m o u n t limited in its c h a r t e r . o. T o appoint su< h subordinate officers and agents, as the business o f the corporition shall require, and to allow t i e m a suitable c o m p e n s a tion t>. T o make by-lawtf, not jncoft^islcnt with aity existing law, lor the management o f its property, tbe regulation of its afliurs, and for tbe transfer of its stock. § 2. T h e powers enumerated in the preced ing sectiorf-, sliall ve^tm every corporation that sliall hereafter be created, although they may not he - ]<Mr ilied m its c lm r U u v o r in tbe net under vvhu h it shall be nn orporaU .1. § 5 . In addition to tho powers enumerated m tlie first se( lion of this T i t l e , and to those ex- p r o - l v given m its i barter, or in the act under winch it is or sh \W be incorporated, no corpora tion shall posses? nr exercise a n y corporate pow ers, except such a- shall be necessary to the ex ercise of tbe powers so enumerated and given. ( t 4. N o f u i pmal.on ( r c a t e d , or to be creatsd, and not e x p r e —lv incorporated for banking p u r poses, shall. bv any implication or construction, be deemed to possess the pow e r of drRconnting bills, notes, or otlur ev ldenccs of debt, of re ceiving deposit*, Outliving golt silver, bul lion, or foreign < tans, ot b u y i n g and s-lling bills nf exchange, o r of issuing lull-, note-, or o t h e r ev l- dences o f d e b t , upon loan, o r tor circulation as money. s' :> W h e r e the w h o l e c a p i t a l o f a c o r p o r a t i o n sli dl not have been paid in, a n d the c a p i t a l, paid, .-hall he iii-oIFk ii nl ti'i satisfy the ( laims of its c r « d i t o i - , e a c h -in. k l n d d e r '■hall he h o u n d to pav ii:i i i t ch shnre hehl by h i m , the sum n e c e - - s try to ( ortTptete the a m o u n t ol su< Ii s h a r e , as fixed hy tin' c h a r t e r of' t h e ( o m p a n y , o r stn h p r o p o r t i o n o f that sum, ar> s h a l l he r e q u i r e d to s.iti-ly th e d e b ts ol the c o m p a n y § o W h e n t h e i e i p o r a t e p o w e r s uf a ny c o r p o ration are directed by iti < b a r t e r lo be c x c r c i - e d by any p a r t u ular bodv o r n u m b e r of p e r s o n s , a majority ol such bodv, or '« .Wf.l otherwise provided « c i e « n i U> o f business; a n d e v e r ^ i g i o ^® ¥ sac^ the persons duly nSSem $ § S ° ^ * W * # valid as n corporate act,^fg§kr -d, ^hall-bg- § 7 - If any corpoptfi0fr^ f r afti)^ “ 7 e ^P*»atOTF,-silatt not b m i > E Creal*i3^y the transact,on o f its business, ^ h ; „ 0inine,1Ce iron, the date of i u j j w ^ p o r o u S tte powers shall ctease. corporate § 8. The charter o f everv rofeisL- • shall hereafter bo granted bv ^ sh.dl be Kuhject lo alteration, susn ^ s t e t u r e , _pe.il, in the disfcration-nf- I u rr>- § 9 . Upon the dissolution o F S ? / 6* created or to be ere.,ted, and u r . l i n * w P°rMil* sons shall be appointed bv the ^ per' by bome court o f competent a u t h o r i f f S ? ’ °r trrrs or managers o f the affairs of rec~ tion at the time o f its dissolution, b W & l name they may be known in law s h a f t 2 * trust.-*', o, .1,, creditors and . t o c k h o l S L 0f £ corporation dissolved, and sl;all have fnlf™ ' to .ettlc the affairs of , he L r p o m i o f £ f r and pay the outstanding debts and divirl« ° - the .torkhol.lors tho a*nd olher th..t si,all remain, after the F j , „ c „ t o f , ’. bK ne< o s a r y expenses. §10 The p^rsons so , on3tlll]ted trustees, shall have ail liority- to sue ,or and rec0ver* cehts and property o f the dissolved corporation^ by the name of the trustees- of such c o r f a n i j describing it by its corporate name, and shall be , ...nt y and severally responsible to thecred* tors and stockholders of such corporation, to foe extent ot its property and effect that ,hul) com^ into their hahd-
