Page:United States Statutes at Large Volume 13.djvu/565

 THIR'1`Y—EIGHTH CONGRESS. Sess. II. Ch. 119, 120. 1865. 537 hereby is, so amended as to allow the said corporation three years from Time for c<»m· the date of the approval of this act in which to complete the railways Pl°*i°¤ °*° the herein described and those described in the act to which this is an amend- mm` ment. Sec. 4. And be it further enacted, That the twenty-second section 'be, P=¤=k¤z¤ tickp,¤d hereby is, amended by striking out the words “at the rate of twenty- °°" five for one dollar," and inserting the words "at the rate of sixteen for the dollar." Sec. 5. And be it further enactei That the provision prohibiting any Color uotto exclusion from any car on account of color, already applicable to the ;:)fL“g° P°'“°”' Metropolitan Railroad, is hereby extended to every other railroad in the m` District of Columbia. APPROVED, March 3, 1865. Culp. CXX. —An Act to incmporale the Continental Hotel Company of the Oily of March 3., 1865. Washington. ‘ —··—————— Be it enacted by the Senate and House of Representatives of the (hailed States of America in Congress assembled, That Lewis Delmoniuo, of New g0,,t;,,e,,m; York City, B. B. French, Henry D. Cooke, John W. Forney, of Wash- Hvwl Gvmpmw ingtou City, Stephen Flanagan, William Overfield, Jr., J. WHPIEH Brown, '"°°rp°m°d' of Maine, Thornton Smith, George D. Kellogg, and George Plowmnn, of Philadelphia, and their associates, and all persons who now or hereafter may be holders of the stock hereinafter mentioned, shall be, and they are hereby, declared to be constituted a body politic or corporate by the style of the Continental Hotel Company, to have perpetual succession, to be Powers. capable in law of suing and being sued, to have a. common seal, and to have, hold, receive, enjoy, and take, either by absolute conveyance in fee simple or upon ground rent, and in case of a. conveyance upon ground rent with power to execute the necessary covenant for securing the pay- ment thereof, such real estate as may be necessary or proper for the construction of a hotel in the city of Washington, with such supplementary buildings as may be adapted to and form part of the general plan and design thereof, with power to furnish and equip the same for the accommodation and use of any parties who may be desirous of renting and occupy- ing the same, and the real estate, or any part thereof, when in the opinion of said corporation it may be proper to do so, to sell and to convey to any person or persons who may be desirous of purchasing the same the furniture aud equipment thereofi Sec. 2. [And be it further enacted,] That the capital stock of said Gapitalstock. corporation shall not exceed two million dollars, divided into twenty thousand shares of one hundred dollars each, and that it shall be held as personal property, and may be transferred under such regulations as the corporators shall judge convenient. Sec. 3. And be it further enacted, That a general meeting of the cor- _ Annual meetporators shall be annually held on the second Monday of January, for the *“€· election of five managers, and the transaction of other business; but if Managers. such meeting or election shall not then take place, the corporation shall not for that cause be dissolved, but such meeting or election shall take place as soon thereafter as may be, one week’s public notice thereof being first given in at least two daily newspapers in the city of Washington. Sec. 4. And be it further enacted, That the election of managers shall Elgcuou of be by ballot from among the corporators, and that in the enactment of by- m¤¤¤s¤r¤· laws for the government of the corporation and its officers, and in the decision of all questions, whether of election of officers or disfmnchisement of oorporators, either because of their delinquency in paying for the amount of stock by them purchased of the corporation, or for other causes, and on all questions at the meetings of the corporation, the corporators Votes, proxies. present, either in person or by proxy, shall severally vote once for each share of stock held by them.