Page:United States Statutes at Large Volume 15.djvu/121

 FORTIETH CONGRESS. Sess. II. Ch. 141, 142. 1868. 89 and by that name they are made capable of taking, holding, managing, 0E3cm °*`°°*‘· improving, purchasing, leasing, for the sole purpose of erecting and §,;mg,$2il6}é;?` maintaining a hotel as aforesaid, real and personal estate within said city Guo: 1 of Washington, not exceeding five hundred thousand dollars in value; said corporation to have a common seal, and the same ma break, alter, and renew at pleasure ; may prosecute and defend suits beilnre all proper courts and tribunals; may make and ordain by-laws for the government By·laws. of said corporation, and may have and enjoy all of those privileges and _ be subject to all of the liabilities which corporations for the holding, management, and improvement of real estate in the city of Washiiigton, in the United States, usually enjoy or are made subject to. Sec. 2. And be itfurthér enacted, [Tha? the capital stock of the said U¤Pi¤¤J¤¢¤¤k· company shall not be less than two hundrc and twenty-seven thousand dollars, be divided into shares of five hundred dollars each, and shall be Sham, and deemed personal estate, and be transferable upon the books of the said ig; "*‘“Sf"”‘ corporation. ' Sm:. 3. And be it further enacted [That] the officers of the said cor- Of¥§¤¢¤‘¤ ¤f<=¤P· poration shall consist of u president and treasurer, with n. board of direc- P°Q:?:£0¤_ tors, of whom the president and treasurer may be members, but the number of the directors may be fixed by the shareholders in the by-laws of _ the corporation. The president shall preside at the meetings of the cor- m£;;‘fg°§;;“d poration, sign certificates of the stock issued to stockholders, and shall they- gums, have a general oversight over the business and affairs of the corporation; the treasurer shall safely keep and disburse all of the moneys of the corporation under the direction of the board of directors; the directors shall manage and control the property of the corporation, and make contracts in relation thereto; the treasurer, or other officer appointed by the by-laws, shall keep the records of the transactions of the corporation, and shall oountersign the certificates of stock issued to the stockholders. Sec. 4. And be it further enacted, [That] all the officers of the said TSM of 0¤¤¤ corporation shall hold their offices for one year, and until their successors °f °m°°"°’ are elected and qualified to act, unless they shall be sooner removed by the directors. The iirst meeting of the corporation may be called by any First meeting. person named herein by giving previous notice of not less than five days, to all the other persons herein named, of the time and place of such meeting. The annual meetings hereafter shall be culled by the treasurer _ A¤¤¤¤l ¤1¢¢f»· or other officer designated by the board, and be held in the city of lugs" Washington, at the National Hotel building, on the first Wednesclay in January in each year, notice of which shall be sent to the post-ofiice address of each stockholder for ten days before the time for the holding of such meeting; and special meetings of the corporation may be called _ SP°<>i¤l ¤°°*· in the manner and time to be prescribed by the stockholders. lugs' _ _ Sec. 5. And be it further enacted, That each stockholder shall be in- b,g*2d*"},d‘;:gl:*°·· dividually liable for the debts of the corporation to the amount of stock hQfd£,.;_ S ` held by each respectively; and Congress hereby reserves the right to Charter may amend, alter, or repeal this charter at pleasure. b° "l°°’°d¤ G"' Armxovxsv, July 13, 1868. CHAP. CXLII. -— An Act to amend the Act of third March, eighteen hundred and sixty- July 13, 1868. jive, providing for the cbnszruczimr q/'ccrtain Wagon Roads in Dakota Terrizory. ;%§<§i§1]T§gg 0 . X11}. . • Be it enacted by the Senate and House of Representatives of the United P Sams ¢y" America in Congress assembled, That so much of the unex- Unexpcnded pended balance of an appropriation made March third, eighteen hundred 3;J€§“t‘;°c;°mb;;°u and sixty-Eve, for the construction of certain wagon roads in the Terri- bridge over the tory of Dakota, as shall not exceed the sum of six thousand five hundred £°·k°¤* ¤'°¤‘» dollars, be, and the same is hereby, applied to the completion of the c' bridge over the Dakota. river, on the line of the government road leading