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conducting gas or water through the streets, lanes, alleys and squares in such city, town or village, with the consent of the municipal authorities thereof, and under such regulations as they may prescribe.

SEC. 63. The municipal authorities of any city, town or village in which any gas light or water corporation shall exist, are hereby authorized to contract with any such corporation for the lighting or supplying with water the streets, lots, lanes, squares and public places in any such city, town or village.

Article X-Colleges, Academies, Etc.

SEC. 64. The president, professors or principals shall constitute the faculty in academy, college or university, and shall have power to enforce the rules and regulations enacted by the directors or trustees for the government and discipline of the students, and to suspend and expel offenders, as may be deemed necessary.

SEC. 65. The directors or trustees named in the charter, as required by this act, of any college, academy, university or other institution to promote education, and their successors may make all necessary by-laws, elect and employ officers, provide for filling vacancies, appoint and remove professors, teachers, agents, etc., and fix their compensation, confer degrees, and do and perform any and all necessary acts to carry into effect the objects of the corporation.

SEC. 66. Such corporations may procure, to be used as a part of the course of education, shops, tools and machinery, land for agricultural purposes, and necessary buildings for carrying on their mechanical and agricultural operations.

SEC. 67. Any such corporation may convert its property, except when held upon some special trust, into stock or scholarships, and file a certificate of their action, as required in the case of an increase of capital stock of a corporation. Such conversion can only take place by the consent of a majority of the stockholders.

SEC. 68. The directors of any such corporation, whose property is held not as stock, but upon trust or by devise, donation, gift or subscription, shall not contract debts beyond the means of the corporation. If they do contract debts to a larger amount, they shall be held individually liable for the same, after the means of the corporation are exhausted.

SEC. 69. Any such corporation may, by a vote of three-fourths of the directors, or if the same is owned in shares of stock, then by a vote of three-fourths of the stockholders, change the location and name of the institution, and transfer the effects thereof to where

removed, or may apply the property thereof to other purposes of education than those named in the original charter filed with the Secretary of State.

Article XI-Religious, Charitable and other Corporations.

SEC. 70. Any religious society, military or fire company, literary, social, charitable or benevolent association, other than col'eges, universities, academies or seminaries, or any grand or subordinate lodge or other order of Free and Accepted Mason, or of the Independent Order of Odd Fellows may, by the consent of a majority of its members, become bodies corporate under this act, by filing the charter required by this act, electing directors or trustees, and performing the things as are directed in the case of other corporations; and when so organized, shall have all the powers and privileges, and be subject to all the restrictions in this act contained for the objects named in the charter, and shall have the same power to make by-laws for the regulation of their affairs as other corporations. Such directors or trustees shall not usurp or exercise the functions of the officers in charge of the spiritual affairs of any society.

SEC. 71. No religious, literary, social, scientific, industrial, benevolent, or other society, association, company, corporation or institution that does not have a capital stock, will be required, in its charter, to make any statement of the amount of capital stock or amount of each share; but such charter, if it contains the other statements therein required, and also an estimate of the value of the goods, chattels, lands, rights and credits owned by the corporation will be sufficient.

Article XII.---Cemetery Corporations.

SEC. 72. Cemetery corporations shall have power to divide the land of the cemetery into lots and sub-divisions for the purposes of the cemetery, and to tax the property for the purpose of its general improvement.

SEC. 73. Such corporation shall have power to convey, by deed or otherwise, any lot or lots of the cemetery for purposes of sepulture. When such lots shall have been surveyed and platted, the survey and plat shall be recorded in the office of the district clerk of the county wherein the same are situated, and shall not be afterwards changed or altered. No lots shall be sold or disposed of. until such plat shall have been recorded. All the ground held by such corporation for burial purposes, while so held, shall be exempt

from public taxation. Every lot sold and conveyed in such cemetery shall be held by the proprietor for purposes of sepulture only, and shall not be subject to attachment or execution.

SEC. 74. All owners of lots purchased of any such corporation shall become members thereof and be entitled to vote in the election of its officers and upon any other matters to the same extent as stockholders in other corporations.

Article XIII.-Savings Banks.

SEC. 75. Any five or more persons in any county in this State may organize themselves into a savings association, and shall be permitted to carry on the business of receiving money on deposit, and to allow interest thereon, giving to the persons depositing credit therefor; and of buying and selling exchange, gold, silver, coin, bullion, uncurrent money, bonds of the United States, of the State of Texas, and of the city, county and school district in which any association shall organize; of loaning money on real estate and sonal security at such rate of interest as may be agreed upon; and of discounting negotiable notes and notes not negotiable; and on all loans made may keep and receive the interest in advance.

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SEC. 76. The capital stock of any such association shall be not less than fifty thousand nor more than five hundred thousand dollars, to be divided into shares of not less than one hundred dollars each, of which ten per centum upon each share shall be paid at the time the same shall be subscribed, the remainder of the stock so subscribed shall be paid upon such calls and upon such terms as the directors may from time to time prescribe.

SEC. 77. The affairs and business of any such association shall be managed and controlled by a board of directors not less than five nor more than nine in number, who shall designate a president, a cashier and a secretary, and such other officers as the association may require, who shall hold their office for one year, until their successors are elected and duly qualified.

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SEC. 78. Before any such corporation shall commence its business, a majority of the shares thereof shall have been subscribed for, and the entrance fees thereon paid in, and the president and secretary thereof, under their hands and seals, shall have made a certificate which shall specify-first, the corporate name of such corporation; second, the name of the city or town in which such incorporation is to be located; third, the amount of its capital stock and the number of shares into which the same shall be divided; fourth, the names and places of residence of the stockholders and the number of shares held by each; fifth, the time when such corporation

was organized; which certificate shall be acknowledged before a notary public and recorded in the registry of deeds for the county in which such corporation is to be located, and a copy thereof and of the by-laws of the said association shall be filed in the office of the Secretary of State, and copies of such certificates, duly attested by the clerk of the district court or Secretary of State, shall be admitted as sufficient evidence in all the courts of law and on all occasions whatever; provided however, that no corporation established under the provisions of this charter shall take the name of any corporation or association heretofore organized or incorporated in this State for similar purposes.

SEC. 79. Every such corporation shall semi-annually, in the months of July and January, publish in one or more newspapers in the county where such corporation shall have its place of business, a statement verified by the oath of its president or secretary, setting forth its actual financial condition, and the amount of its property and liabilities, under a penalty of five hundred dollars to the State, to be recovered by indictment against the president, cashier or directors, and shall also deposit a copy of said statement, verified as aforesaid, in the office of the Secretary of State.

SEC. 80. Dividends of the net profits of such association shall be declared on the first days of July and January of each year, unless some different time is fixed by the by-laws of such corporation.

SEC. 81. All other acts and parts of acts inconsistent with this act are hereby repealed.

SEC. 82. This act to take effect and be in force from and after its passage.

Approved December 2, 1871.

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CHAPTER LXXXI.

AN ACT AMENDATORY TO AN ACT ENTITLED AN ACT TO PROVIDE FOR THE ORGANIZATION OF THE STATE LUNATIC ASYLUM, AND FOR THE CARE AND MAINTENANCE OF THE INSANE, APPROVED FEBRUARY 5, 1858.

SECTION 1. Be it enacted by the Legislature of the State of Texas, That article four of said act shall be so amended as to read as follows: The managers of the asylum shall elect, subject to the approval of the Governor, a treasurer for the asylum, who shall,

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either himself or by agencies, collect all its dues and pay out its revenues only in conformity with the laws of the State and the bylaws of the institution. He shall give a bond, made payable to the State, in the sum of ten thousand dollars, with two or more sufficient sureties, to be approved by the board of managers, and shall perform his services as such treasurer, with compensation. He shall report to the Governor on the first day of October of each year.

That article seventeen be so amended as to read as follows: The amount to be paid for the board of patients admitted into the hospital shall be at the rate of four dollars per week for each person supported by the county, etc., instead of: The amount to be paid for the board of patients admitted into the hospital shall be at the rate of two dollars per week, etc.

SEC. 2. That this act take effect and be in force from and after its passage.

Approved December 2, 1871.

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