Page:United States Statutes at Large Volume 14.djvu/248

 218 THIRTY-NINTH CONGRESS. Sess. I. Ch. 218, 219. 1866. uso of tho company all his, hor, or their right, title, and interest in and to every share on which such instalments have not been duly paid; and 1{mph sub- fresh subscriptions may be opened for tho said shares in such manner Ptheir option, commence suit for any instalment that may be duo and unpaid, and recover against the holder of said stock for the amount of tho No stockholder same: Provided, That no stockholder or subscriber shall be permitted to l“°"°“"““°'°“ vote at any election for directors or at any general or special meeting of the company, on whose shares any instalments or arrcaragcs may be duo more than fifteen days previous thereto. Apthority of Sec. 5. And be it further enacted, That the president and directors for °“d the time being shall have power to ordain, establish, and put in execution py.1¤S;, such rules, regulations, ordinances, and by-laws as they may deem essential for the well-government of the institution, not contrary to the laws and Constitution of the United States or of any State, or of this act, and generally to do and porform all acts, matters, and things which 2. corpora tion may or can lawfully do. mgysingsg °£° Sec. 6. And be it further enacted, That the presideult and directors are cmij amy hereby empowered and fully authorized, ou behalf of sand company, to carry on the business of mining for iron ore and other native minerals, and manufacturing and preparing tho same for market; and to purchase and Rm] **5***6- hold by deed for a term or in fee simple such real estate and other propany within the District of Columbia and State of Virginia as may be Bonds. necessary and proper for the purposes aforesaid ; and to issue bonds not exceeding one half of the capital stock, upon such terms as may bo Proviso- deemed for the best interests of the company: Provided, That no bond shall be issued for an loss sum than one hundred dollars, or bearing interest at a rate exceeding six por contum per annum. Lands may be Sec. 7. And be ii further enacted, That the president and directors are md °"1°“°d· hereby empowered and fully authorized, on behalf of said company, to lease, demise, bargain, sell, and convey any lands and real estate which may be owned or held by said company, and to execute and deliver to purchasers good and sufficient deeds therefor. Stock how S20. 8. And be it further enacted, That the stock of said company shall by-laws of the company shall direct. This act may S20. 9. And be it further enacted, That nothing in this act shall be so b°“1°°'°d·&°‘ construed as making it perpetual, but Congress may at any time alter, amend, or repeal the same. APPROVED, July 23, 1866. July 28, 1866. CHAP. CCXIX. —An Act to quiet Land Titles in Oalybmia. Bc it enacted by the Senate and House of Representatives of the United Ccrtulnlandq States of America in Congress assembled, That in all cases where the to mt Sm, public domain in part satisfaction of any grant made to said State by any act of Congress, and has disposed of tho same to purchasers in good faith under hor laws, the lands so selected shall bc, and hereby are, confirmed _Go»-tain s0lcc— to said State: Provided, That no selection made by said State contrary gsgzyt °°“' to existing laws shall be confirmed by this act for lands to which any adverse prc-cmption, homestead, or other rig has, at the date of the ossage of this act, been acquired by any settler under the laws of the United States, or to any lands which have been reserved for naval, milirary, or Indian purposes by the United States, or to any mineral land, or to any land held or claimed under any valid Mexican or Spanish grant, or to S*°*° ¤°* *° any land which, at the time of the passage of this mz, was included within §:§i¥-§,I€gQz01, the limits of any city, town, or village, or within the county of San FMR1- Gwpurposcs cisco: Andprovfckdfnnher, That. the Stats of California shall not re-
 * ';P”g‘;‘;f1m*Y as the by-laws may prescribe, or the president and directors may, as
 * ·'°·¤°f°*"°d· be transferred on the books of the company in such manner only as the
 * ,;:s;°:0l;>é£;;E State of California has heretofore made selections of any portion of the