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Corporation may consolidate with like corporation

for purpose of liquidation.

Expenses of liquidation.

If organized under laws of another state.

provided, that if it shall appear to be for the best interests of such corporation, the board of directors may change the plan of loans to a definite time or times of payment, at a rate of interest not exceeding the legal contract rate per annum; or may negotiate or assign any or all of its mortgages for cash, at such times and on such terms of settlement as may appear to the best interest of such corporation.

Any such corporation in course of liquidation shall have authority to consolidate with any other corporation organized for the same purpose upon such terms as may be agreed upon and authorized by the boards of directors of the respective corporations, the majority of the stock consenting thereto, and to transfer to such consolidated corporation its entire assets, subject to existing liabilities.

All expenses of such liquidation, whether voluntary or otherwise, including the compensation of officers, employes and directors, shall be paid from the funds belonging to such corporation, subject to the approval of the public examiner, in lieu of the expenses provided for in section thirty (30) of this act.

And if such corporation shall have been organized under the laws of any other state or territory, the public examiner shall file his statement in writing with the attorney general, setting forth the facts or particulars in which said alleged violation or refusal consists, which statement shall be prima facie evidence of such violation or refusal; and said attorney general shall upon receiving such communication, if, in his judgment, the facts of the case are sufficient to warrant such action, give notice to such corporation that it is no longer authorized to do business in this state, by depositing such notice in the postoffice, properly sealed and stamped, addressed to said corporation at its principal office in the state where incorporated, and thereupon said corporation shall cease to have any right in this state, and said notice may be published in the same manner as provided in section fourteen (14) of this act.

The proceedings prescribed in this section for the winding up and liquidation of the affairs of corporations governed by this act shall be exclusive of any remedies provided by the laws of the state of Minnesota relating to general corporations.

SEC. 2. This act shall take effect and be in force from and after its passage.

Approved April 23, 1897.

CHAPTER 251.

S. F. No. 390.

An act to amend section sixteen (16) of chapter thir- Public schools ty-six (36) of general statutes of one thousand eight hundred seventy-eight (1878), as the same was amended by the laws of one thousand eight hundred seventynine (1879), one thousand eight hundred eighty-one (1881), one thousand eight hundred eighty-five (1885), and one thousand eight hundred ninety-one (1891), being section three thousand six hundred and seventyfour (3674) of general statutes of one thousand eight hundred ninety-four (1894), relating to public schools.

Be it enacted by the Legislature of the state of Minnesota:

SECTION 1. That the third proviso of section three Amendment thousand six hundred and seventy-four (3674) of general statutes of one thousand eight hundred ninety-four (1894) be and the same is hereby amended so as to read as follows:

Provided, third, that upon the petition of any legal voter to said commissioners, asking to be set off from the district to which he belongs, and attached to some other district, which petition shall show that the signer thereof is a resident and freeholder of the district from which he desires to be set off, and that the land of such petitioner joins, or that but one quarter section of vacant and unoccupied land intervenes between the land of the petitioner and the district to which he desires to become attached; which petition shall state the reason for such proposed change and shall be verified by the oath of the petitioner to the effect that the same is true to the best of his knowledge and belief. That said commissioner may thereupon, after having given notice as in other cases, change the boundaries of the district in which such petitioner resides, so as to set him off to the district to which he prays to be attached, whenever they shall deem it just and proper and for the best interest of said petitioner so to do. But in case of any land intervening between that owned by the petitioner and the district to which he desires to become attached not exceeding one quarter section, as above stated, such petition shall not be considered, unless it is made to appear that the land intervening between the land in question and the district to which he desires to become attached is government land or is vacant and unoccupied, or that the owner thereof is unknown, and in such case, if the prayer of such petitioner is granted, such intervening tract shall be included in the change.

Petition of

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SEC. 2.

This act shall take effect and be in force from

and after its passage.

Approved April 23, 1897.

S. F. No. 425,

Education.

Amendment.

Tax payer entitled to benefits of school in district other than where he resides.

CHAPTER 252.

An act to amend section three thousand six hundred and seventy-five (3675) of the general statutes of one thousand eight hundred and ninety-four (1894), relating to education.

Be it enacted by the Legislature of the State of Minnesota:

SECTION 1. That the following words be added to section three thousand six hundred and seventy-five (3675) of the general statutes of one thousand eight hundred and ninety-four (1894) immediately following the word "proper," and immediately preceding the first (1st) proviso in said section.

In case a person has real property in and pays taxes thereon in a common or an independent school district other than the one in which he resides, than (then) such person shall be admitted to all the benefits of such other school, the same as the residents therein, upon conforming to such reasonable terms for tuition as the board of education of such independent school district, or, in case of a common school district, the county commissioners may have established for non-residents, except that he shall be entitled to have the amount of school taxes which he pays to the support of said district applied in payment of said tuition fees.

SEC. 2. This act shall take effect and be in force from and after its passage.

Approved April 23, 1897.

CHAPTER 253.

S. F. No. 284.

tice in mort

An act entitled "An act to amend section thirty-two Uniform prac (32) and to repeal section thirty-three (33) of chapter gage forecloseighty-one (81) of the general statutes of eighteen hun- ure sales. dred and sixty-six (1866), relating to foreclosure of mortgages, so as to make more uniform the practice as to all sales of real estate made by sheriffs."

Be it enacted by the Legislature of the state of Minnesota:

97 c 253 328

03

SECTION 1. That section thirty-two (32) of chapter Amendment. eighty-one (81) of the general statutes of one thousand eight hundred and sixty-six (1866), as amended by section two (2) of chapter thirty-nine (39) of general laws for (of) one thousand eight hundred and seventy-six (1876), the same being section six thousand and sixty-five (6065) of the general statutes A. D. one thousand eight hundred and ninety-four (1894), be and the same is amended so as to read as follows:

Sec. 32. That the provisions of sections three (3), four (4), nine (9), eleven (11), twelve (12), fourteen (14), fifteen (15) and seventeen (17) of chapter fiftythree (53) of the general laws of the state of Minnesota for the year A. D. one thousand eight hundred seventyeight (1878), as amended by chapter three (3), section one (1) of the general laws of the state of Minnesota for the year A. D. one thousand eight hundred and eightyone (1881), extra session (the same being sections six thousand and thirty (6030), six thousand thirty-one (6031), six thousand and thirty-eight (6038), six thousand and thirty-nine (6039), six thousand and forty-two (6042), six thousand and forty-three (6043) and six thousand and forty-five (6045), general statutes one thousand eight hundred and ninety-four (1894), shall apply to and govern proceedings under this title.

SEC. 2. That section thirty-three (33) of chapter Repeal. eighty-one (81), general statutes one thousand eight hundred and sixty-six (1866), the same being section six thousand and sixty-six (6066), general statutes one thousand eight hundred and ninety-four (1894), be and the same hereby is repealed.

SEC. 3. This act shall take effect and be in force from and after its passage.

Approved April 23, 1897.

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CHAPTER 254.

An act entitled "An act to amend section fifty-three (53) of chapter one hundred and seventy-five (175) of the general laws of one thousand eight hundred and ninety-five (1895), approved April twenty-fifth (25th) one thousand eight hundred and ninety-five (1895)," the same being an act entitled "An act to revise and codify the insurance laws of this state."

Be it enacted by the Legislature of the state of Minne

sota:

SECTION 1. That section fifty-three (53) of chapter one hundred and seventy-five (175) of the general laws of one thousand eight hundred and ninety-five (1895) be and the same is hereby amended so as to read as follows:

Sec. 53. No fire insurance company shall issue fire insurance policies on property in this state other than those of the standard form herein set forth, except as follows, to-wit:

First-A company may print on or in its policies its. name, location and date of incorporation, the amount of its paid-up capital stock, the names of its officers and agents, the number and date of the policy, and if it is issued through an agent, the words, "This policy shall not be valid until countersigned by the duly au thorized agent of the company at

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Second-A company may print or use in its policies. printed forms of description and specification of the property insured, including permits for the use of electricity, gasoline or storage of other extra hazardous product or material, also for repairs and improvements,. for the operation or ceasing to operate and for the maintenance of sprinkling or other improvements.

Third-A company insuring against damage by lightning may print, in the clause enumerating the perils insured against, the additional words:

"Also any damage by lightning, whether fire ensues. or not," and in the clause providing for apportionment of loss in case of other insurance, the words, "whether by fire, lightning or both."

Fourth-A company incorporated or formed in the state may print in its policies any provisions which it is authorized or required by law to insert therein; and any company not incorporated or formed in this state may, with the approval of the insurance commissioner, so print any provision required by its charter or deed of

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