Page:United States Statutes at Large Volume 10.djvu/826

 786 THIRTY-THIRD CONGRESS. Sess. I. Ch. 98. 1854. July 20, 1854. CHAP. XCVIII.-An Act to Incmparate the Georgetown Gasliglzt Company. Bc it enacted by the Senate and House <y" Representatives of the United COFPOMOYS- States of America in Congress assembled, That David English, Robert P. Dodge, Richard Cruikshank, William M. Fitzhugh, Richard Pettit, William F. Seymour, Adolphus H. Piekrell, and William Bucknell, and their present and future associates, are hereby declared to be 21. body Name. politic and corporate, by the name and style of ·" The Georgetown Gaslight Company," and by the same name shall have perpetual succession, Powers and and shall be able to sue and be sued, plead and be impleaded, in all ‘l“'i°s· courts of law and equity in the District of Columbia and elsewhere; to make and have a common seal, and the same to break, alter, and renew, at pleasure; to ordain and establish by-laws, ordinances, and regulations, and generally to do every act anddthing necgsssary to carry into effect this act, or to remote the objects an design o tiis corporation. 0¤Pi*¤l Smk Sec. 2. And be it gurther enacted, That the capital stock of this cor. §({§§°0§(°f°°°°1 poration shall not exceed one hundred and Efty thousand dollars; that a ` share in the same shall be twenty-five dollars, and books of subscription to the said capital stock, or to such portions thereof, as from time to time may by the directors, for the time being, be deemed proper and neees— sary, shall be opened by the appointment, or under the direction of the directors hereinafter named, subject to such rules, limitations, and conditions as by them shall be prescribed, and the stock of the said company sogtiggggggz Shall be deemed personal property. Jiffttirs, &<>·_ of Sec. 3. And be it further enacted, That the stock, property, and affairs
 * ,"gG‘;$,’3;rg;h°° of the said company shall be managed and conducted by and under the

bydn presielcncb- direction of a president and seven directors, being stockholders, that
 * 5fm;  the smd directors shall be elected on the fiist Monday of dune, in the

um to be chosen. year eighteen hundred and fifty-fou1, and on the same day in each succeeding year thereafte1·, and shall hold their offices for one year from the dey of their election, and until other directors shall be elected in their place; that such elections shall be held in Georgetown aforesaid, at such time and place as a majority of the directors for the time being shall appoint, and notice of such time and place of election shall be given by advertisement in one or more newspapers printed and published in the said town, at least fourteen days before the day of holding such election, and every such election shall be by ballot, and by such of the stockholders as shall attend for that purpose, eithenin person or by proxy, and each stockholder shall be entitled to one vote for each share of the stock which he or she may have held, and may continue to hold in his or her own name, for at least fourteen days before the time of voting; and the persons having the greatest number of votes shall be the directors; and if it shall happen that two or more persons shall have an equal number of votes, the directors in office at the time of such election shall, by a plurality of votes, given by ballot, determine which of the persons so having an equal number of votes shell be director or directors, so Di¤‘¤<>¢<>¤‘¤¢<> as to complete the whole number tobc chosen; and the directors so Ql;§Y.°$,§f;$,;f chosen shall, as soon as may be thereafter, proceed to elect by ballot, president. one of their own number, or one of the shmeholders, to be their president; and whenever any vacancy shall happen in the said board, of president and directors, the same shall be iilled u b the remaininv Proviso. directors by plurality of votes, until the next annualpeleglion: Provided always, '1`hat the president of the said company, and at least six of the directors, shall be inhabitants of the said town. Appointment Sec. 4. And be it further enacted, That David English, Robert P. °f *1*} HfS°d<ll·_ Dodge, Richard Cruikshank, WVilliam M. Fitzhugh, Richard Pettit, An pm` William F. Seymour, Adolphus H. Piekrell, and William Bucknell shell Dummm O,. be the hrst directors of the said company; the first named of whom shall tim,-0;;;C.,_ be their president, and shall hold their olliees until the first Monday m