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Salmon river, to the north line of Custer county, at the mouth of Loon creek.
SEC. 2. All acts and parts of acts in conflict with this act are hereby repealed.
SEC. 3. Whereas an emergency exists, this act shall take effect from and after its passage and approval.
Approved the 27th. day of February, 1903.
HOUSE BILL NO. 45.
OF IDAHO CONCERNING CORPORATIONS.
SECTION 1. That Section 2653 of the Revised Statutes of Idaho be amended to read as follows:
Section 2653. Every corporation not created under the laws of this State must before doing business in this State, and every such corporation now doing business in this State must within three months after the taking effect of this act, file with the county recorder of the county in this State, in which is designated its principal place of business in this State, a copy of the articles of incorporation of said corporation duly certified to by the Secretary of State of the State in which said corporation was organized, and a copy of such articles of incorporation duly certified by such county recorder, with the Secretary of State, paying to the latter the same fees as are provided by law to be paid for filing original articles of incorporation, and must within three months after the passage of this act or from the time of commencement to do business in this State, designate some person in the county in which the principal place of business of such corporation in the State is conducted upon whom process issue by authority of or under any law of this State, may be served, and withiin the time aforesaid must file such designation in the office of the Secretary of State, and in the office of the clerk of district court for such county, and a copy of such designation certified by either of said officers, must be evidence of such appointment; and it is lawful to serve on such persons so designated any process issued as aforesaid, and such service must be deemed a valid service thereof, such notice and designation of agent on whom process may be served, shall run from the time of filing same as herein provided, until his successor is appointed by such filing, or said office becomes vacant by resignation filed by such agent in the office in which his appointment is filed, or by his death, or removal from such county, and in case of such vacancy said corporation shall within sixty days thereafter refill said office as herein provided. No contract or agreement made in the name of, or for the use or benefit of such corporation prior to the making of such filings as first herein provided can be sued upon or be enforced in any court of this State by such corporation, and such corporation can not take or hold title to any realty within this State prior to making such filings, and any pretended deed or conveyance of real estate to such corporation prior to such filings shall be absolutely null and void; and any and all officers, agents and representatives, of said corporation, or persons claiming to be officers or agents of the same, who shall make or attetmpt to make any contract or agreement or contract any indebtedness in the name of such corporation or for its use and benefit, before such original filings are made, or while such corporation is in default upon filing a reappointment as hereby provided, shall be jointly and severally, personally liable upon and for all such contracts and agreements as principal contractors. 1
Every such corporation which fails to comply with the provisions of this section shall be denied the benefit of the Statutes of the State limiting the time of the commencement of civil action and any limitations in such Statutes shall only run in favor of any such corporation during such time as shall be within the State such person duly designated, as aforesaid, upon whom such service can be made: Provided, further, That such foreign corporations complying with the provisions of this section shall have all the rights and privileges of like domestic corporations, including the right to exercise the right of eminent domain and shall be subject to the laws of the State applicable to like domestic corporations.
SEC. 2. All acts and parts of acts in conflict with this act are hereby repealed.
Approved the 10th. day of March, 1903.
HOUSE BILL NO. 52.
IN THE SUM OF THIRTY THOUSAND DOLLARS AND AP-
GROUNDS OF SAID ACADEMY.
SECTION 1. That for the purpose of erecting and equipping suitable buildings and making certain improvements for the Academy of Idaho, a loan of thirty thousand dollars ($30,000.00) is hereby authorized to be negotiated by a board consisting of the Governor, Treasurer, Secretary of State and Attorney General of the State of Idaho upon the faith and credit of the State of Idaho, and secured by the proceeds of the sale of the lands set apart and appropriated to the use and for the benefit of said academy by Section (6) of an act establishing said academy, approved March 11th., 1901, and the timber thereon as hereinafter provided.
SEC. 2. The Treasurer of the State is hereby authorized, empowered and directed immediately upon the passage of this act to issue sixty (60) bonds of the State of Idaho to be known as "The Academy of Idaho Improvement Bonds,” in the sum of five hundred dollars ($500.00) each, payable in twenty years from the date of their issuance to bear interest at a rate not to exceed four per centum per annum, payable semi-annually on the first days of January and July of each year at a bank in the City of New York to be selected by the State Treasurer; said bonds, however, to be redeemable at the option of the State of Idaho at any time after the expiration of ten years from the date of their issuance. Said bonds shall be plainly numbered from (1) to sixty (60) consecutively.
SEC. 3. The State Treasurer is hereby authorized, empowered and directed to cause to be printed, or lithographed suitable bonds in proper form with coupons attached for the purposes of this act. All such bonds shall be signed by the Secretary of State with his own proper name affixing his official character and shall be authenticated by the great seal of the State and shall also be signed, or endorsed, by the Governor of the State with his own
proper name, affixing his official character and shall then be delivered by the Secretary of State to the State Auditor who shall make and keep a register of such bonds showing the number and amount of each bond and then deliver the said bonds to the State Treasurer and charge the State Treasurer on the books of the Auditor's office with the full amount of each bond.
SEC. 4. At the time of the issuing of said bond under the provisions of this act, the State Treasurer shall sign them with his own proper name affixing his official character and shall in like manner sign the coupons thereunto attached and such signing shall bind the State. The coupons for the payment of interest shall be attached to said bonds in such manner that they may be taken off without injuring, or mutilating the bonds and shall be severally numbered from one (1) to forty (40), each bearing the corresponding number of the bond to which it is attached. The Treasurer shall keep a register of all bonds issued by him showing the date of issuance and shall deliver said bonds with the coupons attached as aforesaid to the purchaser, or purchasers, upon the receipt of the purchase money therefor; and the money received from sale of said bonds shall be by said Treasurer placed in a certain fund to be known as “The Academy of Idaho Improvement Fund.” None of said bonds, however, shall be sold for less than their face or par value. The expense of printing, or lithographing, and procuring said bonds with coupons attached, shall be paid out of the funds arising from the sale of said bonds.
SEC. 5. For the purpose of securing the payment of the principal of the bonds provided for in this act the proceeds of the sale of the lands, or of timber growing thereon, granted to the State of Idaho by the United States of America, "for other State charitable, educational, penal and reformatory institutions" and set apart and appropriated to the use of said academy by Section six (6) of said act establishing said academy, are hereby set apart as a separate fund to be known as “The Academy of Idaho Improvement Bonds Sinking Fund” subject, however, first to the payment of bonds and the interest thereon issued under the provisions of said act establishing said academy; and after full satisfaction of the obligations provided for in Section nineteen (19) of said act estab
lishing said academy and after payment of the said principal of the said bond provided by this act then the proceeds of the sale of said lands, or timber, shall be paid into the general fund of the State treasury until an amount equal to the total amount of interest that has heretofore been paid out of said general fund on said bonds issued under the provisions of this act, less the amount of interest that may have been paid into the said general fund from investment of the Academy of Idaho improvement bonds sinking fund moneys in State Warrants as hereinafter provided for has been so paid into said general fund. When the principal of said bonds shall have been fully paid and the general fund of the State reimbursed for the interest on said bonds provided in this act as herein specified then and thereafter the proceeds of the sales of such land and timber shall be disposed of as may by law be provided.
SEC. 6. At any time after ten years from the issuance of said bonds whenever there shall be five thousand dollars ($5,000.00) of said sinking fund the Treasurer of the State shall make a call by publication for sixty days in some daily newspaper in this State notifying all the parties interested that certain bonds of the Academy of Idaho improvement bonds provided by this act, giving their numbers, will at a certain date be paid at the office of said Treasurer and the bonds so called shall cease to bear interest from and after the date in said call specified.
SEC. 7. At any time when money to the amount of one thousand dollars ($1,000.00), or more, is in said sinking fund it is hereby made the duty of the State Treasurer to invest such money in registered State Warrants of this State and in registered State warrants only and to hold such warrants until they are redeemed as a part of said sinking fund, and whenever State Warrants so held by the Treasurer are paid the Treasurer shall certify the amount of interest that may have accrued thereon to the State Auditor and the amount of such interest shall thereupon be placed to the credit of and become a part of the general fund of the State and the amount of the principal of said sinking fund invested in such shall upon the redemption of said warrants be returned to said sinking fund to be reinvested in the same manner: Provided, That when the principal of said sinking fund is required for the redemp