all meetings of the corporation, and may vote accordingly as a stockholder; and every person who shall pledge his stock as aforesaid, may nevertheless represent the same at all such meetings, and may vote accordingly as a stockholder.
Nothing but money considered as payment of capital stock, &c.Sect. 15. Nothing but money shall be considered as payment of the capital stock of any corporation formed under the provisions of this act; and no loan of money shall be made by any such corporation to any stockholder therein.
Legislature may alter and repeal. Dissolved corporation still liable.Sect. 16. The legislature may, at any time, alter, amend, or repeal this chapter; but such amendment shall not, nor shall the dissolution of any such corporation take away or impair any remedy given against any such corporation, its stockholders or officers, for any liability which shall have been previously incurred.
Corporation may increase and diminish stock.Sect. 17. Any corporations formed under this act may increase or diminish its capital stock, and may also extend its business to any other manufacturing, mining, lumbering, agricultural, mechanical, or chemical business, in the manner hereinafter provided; and any existing company, heretofore formed, may come under and avail itself of the privileges and provisions of this act, by complying with the following provisions; and thereupon such company, its officers and stockholders, shall be subject to all the restrictions, duties, and liabilities of this act.
Whenever company desires to avail itself of these provisions, meeting of stockholders to be called, how.Sect. 18. Whenever any company shall desire to avail itself of the privileges and provisions of this act, or shall desire to increase or diminish the amount of capital stock, or extend or change its business, a meeting of the stockholders shall be called by the trustees, whose duty it shall be to publish a notice of such meeting, signed by a majority of them, in a newspaper printed in the county, if any shall be published therein; and if none, then in a newspaper printed nearest their place of business, at least three successive weeks, and to serve personally on each stockholder a written or printed copy thereof, or deposit such copy in the post-office, addressed to each stockholder, at his usual place of residence, at least three weeks before the day fixed upon for holding the meeting. Such notice shall specify the object of such meeting, the time and place when and where such meeting shall be held, and the amount to which it is proposed to increase or