11-39-31 - Trustees to return inventory to chancery court - vacancies filled - new bonds.
§ 11-39-31. Trustees to return inventory to chancery court - vacancies filled - new bonds.
It shall be the duty of the trustees, at the next succeeding term after their appointment of the chancery court of the county in which the quo warranto judgment was rendered, or at such other time as may be designated by the said chancery court or the chancellor, to return, under oath, to the court, a full and complete inventory of all evidences of debt, and property of every description, which may have come to their possession or knowledge as the property of the corporation or body pretending to exercise corporate franchises, and from time to time such further inventories as may be necessary, in case additional assets or property shall be discovered, which inventories shall be recorded by the clerk. The chancery court, or the chancellor in vacation, may remove trustees and appoint new ones, or fill vacancies in case of death or resignation, and may require new bonds of the trustees.
Sources: Codes, 1857, ch. 35, art. 25; 1871, § 1512; 1880, § 2602; 1892, § 3535; 1906, § 4032; Hemingway's 1917, § 3027; 1930, § 3068; 1942, § 1135.