Page:United States Statutes at Large Volume 13.djvu/84

 56 THIRTY-EIGHTH CONGRESS. Sess. I. CHL 67. 1864. Lodge, No. 18; N. D. Larner, of Lafayette Lodge, No.·19, of the-order of free and accepted masons, of the District of Columbia, and their spocessors to be appointed in the manner hereinafter declared, representing the several masonic bodies before named, be, and they are hereby, incor- Pvwers vf ¤¤1‘· porated and made a body politic and corporate, by the name of the p°""°°' Masonic Hall Association of the District of Columbia, and by that name ma sue and be sued plead and be impleaded in any court of law or equlity, of competent jurisdiction, and may have and use a common seal, and the same change at pleasure,·and be entitled to use and exercise all the powers, rights, and privileges incident to such corporation. Limitto Sec. 2. And be it further enacted, That the said corporation shall be ¤m°¤¤'* °f lam- capable of taking and holding real and personal estate, which estate, personal and real, shall never be divided among the members of the said corporation, but shall descend to their successors, duly elected and appointed in the manner hereinafter declared by the bodies they represent, for the promotion of the principles of the said corporation, and the benevolent purposes of the order of free and accepted masons, which they represent: Prmnded, That said corporation shall take and hold no more land than is necessary for a`site on which to erect a piaponic hall, suitablol and convenient fop pie transaction of the business o tie association an the promotion o e principles and purposes aforesaid. But thfl provision shiallfpot prevent Rooms, &c., the said corporation from constructing suita e rooms an offices m con- ”“Y be mum- neetion with the said hall, to rent, and renting the same, and receiving rent therefor, to be applied to the promotion of the principles and purposes aforesaid. _ _ Cooitolstook. Sec. 3. And be it further enacted, That the capital stock of said cornumber ofsharek, poration shall not exceed the sum of three hundred thousand dollars, and &°· that the stock shall be divided into shares of twenty dollars each; and shall be deemeidbpepsonalfpropeny, trapsferablediu such manner as the constitution an y- laws o said corporation may irect. Books of Soo Sec. 4. And be it further enacted, That within twenty days after the soription to capi- passage of this act the corporators named in the first section, or a majority gd gjggk *°b° of them, or if any refuse or_ neglect to act, then a majority of the remain- PB ° der, shall cause books of subscription to the capital stock of the said corporation to be opened and kept open in such place and for a. period to be nxed by said corporators, or a majority of them, public notice of which may be given by advertisement or otherwise as said corporators or a Who to be majority of them may determine ; and subscribers upon said books  the stockholders. ca 1tal stock of the cor oration shall be held to be stockholders: Provided, P P _ _ That every subscriber shall pay, at the time of subscribing, such per centum of the amount by him subscribed to the treasurer elected or appointed by the corporators, or a majority of them, as may be required by said corporators or a majority of them, or his subscription shall be null and void. And when the books of subscription to the capital stock of said corporation shall be closed, the corporators named in the first section, or a majority of them, and. in case any of them refuse or neglect to act, then a majority of the remainder, shall, within twenty days thereafter, call the mm meeting, iirst meeting of the stockholders of said corporation, to meet within ten h°W ¢¤U¢d· days thereafter, for the choice of directors, of which public notice shall be · given for three daysoin two public newspapers published daily in Washington city, or by written personal notice served on each stockholder, by the secretary or clerk of the corporation. And in all meetings of the Votes. stockholders each share shall entitle the holder to one vote, to be given in person or by proxy. Directors. Sec. 5. And be it further enacted, That the government and direction of the affairs of the oorporators shall be invested in a board of directors, ive in number, elected by the stockholders on the first Monday of December in each year from among the corporators named in the first section of this act, and their successors, elected or appointed in the manner herein-