thereupon apply to any court having jurisdiction thereof for an order requiring the officers of such corporation to show cause within a reasonable time why such corporation should not be restrained from continuing to transact business. Such court may, in its discretion, appoint agents or receivers to take charge of the effects and wind up the business of the corporation, subject to such rules and orders as the court may from time to time prescribe, according to the course of proceedings in equity, or the court may, if it deems that the best interests of the corporation will be served thereby, decree a removal from office of the officers or any number thereof and substitute suitable persons to serve until the regular annual election, or until a successor is regularly chosen.

Sec. 14. Be it further enacted, That all corporations Foreign corpoorganized under the laws of another State or country, ject to inspecand doing business under the provisions of this Act, with tion. their books, papers, and vouchers, shall be subject to visitation and inspection by the insurance commissioner or such person as he may designate. The insurance commissioner may address any inquiries to such corporation in relation to its doings or condition, or any other matter connected with its transactions relative to the business contemplated by this Act. All officers of such corporation shall promptly reply to such inquiries under oath of its president, secretary or other, officers if required. When the insurance commissioner shall be satisfied, on investigation, that any corporation organized under the laws of another State or country, and doing business under the provisions of this Act, is insolvent because of matured death claims or other obligations due and unpaid exceeding its assets, and death assessments or periodical payments called or in process of collection, or has exceeded its powers, failed to comply with any provision of law, or is not carrying out its contract with members in good faith, he may revoke the authority of such corporation to do business in this State, and cause a notice thereof to be published in one or more newspapers of general circulation; and thereafter such corporation shall cease to transact any new business in this State, while such revocation is in force; Provided, however, that unless the grounds for revocation relate to the insolvency of the corporation, he shall give it ten days' notice, as to such revocation specifying wherein such corporation has failed to comply with any provision of law, or has exceeded its powers, or is not carrying out its contract with members in in good

Fees.

Misdemeanor to transact

Sec. 15. Be it further enacted, That the insurance commissioner shall collect and pay into the treasury the following fees: For each corporation filing preliminary papers and receiving license, $25.00; for each corporation's annual statement, $15.00; for each certificate to an agent or renewal thereof, $2.00. The necessary expenses of any visitation or examination made under the provisions of this Act, shall be paid by the corporation visited or examined, and in no case shall the insurance commissioner or his deputy be paid more than actual expenses.

Sec. 16. Be it further enacted, That any officer of a business with-corporation subject to the provisions of this Act, and

out authority.

Tax.

Repeal of con

any person or agent representing such corporation who shall transact, or attempt to transact in any manner whatever, any business in this State until such corporation has complied with the provisions of this Act, shall be deemed guilty of a misdemeanor, and, on conviction, shall be fined not less than two hundred dollars ($200.00), or imprisoned not more than sixty [days], or both, in the discretion of the court.

Sec. 17. Be it further enacted, That every corporation transacting business under the provisions of this Act, shall, in addition to the requirements contained herein, pay such tax as may be assessed or levied against such corporation by any law of this State.

Sec. 18. Be it further enacted, That the business of assessment, life, or accident insurance, as provided for and permitted by this Act, shall only be carried on by duly organized corporations.

Sec. 19. Be it further enacted, That Chapter 179 of flicting laws. the Acts of 1887 entitled, "An Act to amend the law

establishing a bureau of insurance, and to regulate the business of mutual or assessment insurance in the State of Tennessee," and all other laws or parts of laws in conflict with the provisions of this Act, be and the same are hereby repealed.

Sec. 20. Be it further enacted, That this Act take effect from and after its passage, the public welfare requiring it.

Passed April 3, 1897.

JOHN THOMPSON,

Speaker of the Senate.

MORGAN C. FITZPATRICK,

Speaker of the House of Representatives.

Approved April 10, 1897.

ROBT. L. TAYLOR,

Governor.

CHAPTER 128.

[SENATE BILL NO. 392.]

AN ACT to amend the act to provide for the organization of corporations, passed March 19, 1875.

amended.

Section 1. Be it enacted by the General Assembly of Acts of 1875 the State of Tennessee, That Chapter 142 of the Acts of 1875 entitled, An Act to provide for the organization of corporations, approved March 23, 1875, be, and the same is hereby amended, so as to embrace companies to enrich and to save gas in its use, and to increase its candle power and heat units by a means of a patented apparatus, appliance, and process used for that purpose, and to manufacture the apparatus and appliances for the same.

Sec. 2. Be it further enacted, That the charter for Form of charany such company shall be as follows:

Be it known, That (here insert the names of five or more persons above the age of twenty-one years) are hereby constituted a body politic and corporate, by the name and style (here insert the name of the corporation), for the purpose of selling, renting, or manufacturing or of selling and renting the right to manufacture to persons, firms, or corporations, a patented apparatus, appliances and process to save and to enrich gas in its use, and to increase its candle power and heat units by means of such apparatus, appliances, and process patented under the laws of the United States, known as the American Gas Enricher and Governor," or any other processes or means which have, or may be devised for that purpose. The general powers of said corporation are (here insert the powers as contained in Section (5) five of the Act of 1875, Chapter 142).

ter.

Sec. 3. Be it further enacted, That all companies of Lawful to conthe character designated in this Act, shall be declared legal corporations; and it shall be lawful for such companies now or hereafter incorporated to consolidate into one corporation, or partially consolidate or cooperate in such manner as the respective corporations may determine, with the concurrence of the stockholders of each, in full meeting assembled.

Sec. 4. Be it further enacted, That this Act take effect from and after its passage, the public welfare requiring it.

Passed April 10, 1897.

JOHN THOMPSON,

Speaker of the Senate.

MORGAN C. FITZPATRICK,

Speaker of the House of Representatives.

Approved April 30, 1897.

ROBT. L. TAYLOR,

Governor.

Amendment.

CHAPTER 129.

[SENATE BILL NO. 570.]

AN ACT to amend the act passed March 15, 1883, entitled, "A bill to settle the amount of the public debt of the State and fix the rate of interest thereon, provide for the funding thereof and the compensation of the officers of the State therefor," it being Chapter 84 of the Acts of 1883.

Section 1. Be it enacted by the General Assembly of the State of Tennessee, That the said Act in the caption mentioned, passed March 15, 1883, approved March 20, 1883, and being Chapter 84 of the Acts of 1883 of the Forty-third General Assembly of the State of Tennessee, be and it is hereby so amended as to provide that the $335,666.66 of Tennessee bonds held by the United States as owner and custodian of the Indian Trust Fund, consisting of $165,000.00 of 5 per cent. bonds, $66,666 2-3 of 54 per cent. bonds, and $104,000, 6 per cent. bonds, be and the same are hereby excepted out of the provisions of said funding Act, and none of said bonds or coupons, by whomsoever presented, shall be paid or funded until the unadjusted claims in controversy between the United States and the State of Tennessee, mentioned and referred to in House Joint Resolution No. 25 of the Forty-ninth General Assembly of Tennessee (Acts 1895, p. 498), shall have been finally adjusted and settled, and then only in accordance with the terms of such settlement, as may be made by an act or resolution by the General Assembly. Passed April 9, 1897.

AN ACT to amend the act passed May 13, 1895, and approved May 14, 1895, entitled "An act to govern and regulate the business of mutual or assessment and fire insurance companies organized or incorporated under the laws of this State," so as to authorize and empower companies so organized or incorporated to extend and do business to and within contiguous counties.

Section 1. Be it enacted by the General Assembly of Amendment. the State of Tennessee, That companies organized or incorporated under the laws of this State and operated under and according to the provisions of this Act passed May 13th, 1895, and approved May 14, 1895, and entitled, An Act to govern and regulate the business of mutual or assessment and fire insurance companies organized or incorporated under the laws of this State, be and the same are hereby authorized and empowered to extend their business to and operate in contiguous counties, and said Act is so far amended as to authorize and empower them to do so.

Sec. 2. Be it further enacted, That this Act take effect from and after its passage, the public welfare requiring it.

Passed April 8, 1897.

MORGAN C. FITZPATRICK,

Speaker of the House of Representatives.

JOHN THOMPSON,

Approved April 29, 1897.

Speaker of the Senate.

ROBT. L. TAYLOR,

Governor.