Page:United States Statutes at Large Volume 15.djvu/216

 184 F ORTIETH CONGRESS. Sess. II. Ch. 238, 239. 1868. July 25, 1868. CHAP. OCXXXVIII.-An Act to ozz additional land District in the Sim gf Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the President of the Additional United States be, and he is hereby, authorized to establish an additiqma] md dim"? land district in the State ot" Minnesota, embracinv all that part of the authorized in, ,. . °, Minnesota. present northwestern land district which hes north of township number B°¤¤d*“*S”· one hundred and twenty-four north, and west of range number thirty.
 * ?`;§£°m°° five, west of the fifth principal meridian, and to fix, from time to time,

Pest, p. sto. the boundaries thereof, which district shall be named after the place at which the office shall first be establlishqd; and thfe Presidént shall have power to fix, from time to time, the ocatiou o the office for such district. Sue. 2. And bed urther enacted, That the President is hereb authorized to appoint, bfand with the advice and consent of the Sengte, a Réglsfer ,,,,,1 register and receiver for said land district, who shall be required to reside receiver. their at the site of the land office for said district, who shall be subject to the be the same as that now allowed by law to other land officers in said State. Approved, July 25, 1868. July 25, 1868- CHAP. CCXXXIX. -—Au rzctrto jr:l>0§;0r¤tef!}j National LM Insurance Company q t c m e ales 0 menca. Be it enacted by the Senate and House of Representatives of the United National Life States of America in Congress assembled, That John D. Defrees, William !‘;]“"‘:>‘}‘;f“?°‘"' E. Chandler, Samuel Wilkeson, E. A. Rollins, Nathan G. Starlgwenther, bniired States of John A. Wills, Frank Turk, Adam S. Pratt, Henry C. Swain, and all Am¤*‘l<=¤» l¤¤<>¤‘· the other persons who shall hereafter become stockholders in the comp°r°t°d` pany incorporated, are hereby created a. body politic and corporate, by the name and style of the National Life Insurance Company of the Olzlects and United States of America, for the purpose of carrying on the business of p°"°"‘ insurance on lives, and to make all and every insurance `appertaining thereto, or connected therewith; and to grant, purchase, and dispose of annuities in the city ol`Washingtou, in the District of Columbia, and elsewhere, and shall and may have perpetual succession, and shall be capable in law of contracting and being contracted with, and of suing and being sued, pleading and being impleaded in the district and circuit court of the United States, either in law or equity in this District or else- Seal. where, and they and their successors shall and may have a common seal, and may change the same at their will and pleasure, and may also from time to time, at any meeting of their directors, by a majority of votes, as By-laws. hereinafter provided, ordain, establish, and put in execution such by—laws, ordinances, rules, and regulations, the same not being contrary to this act or thellaws of the United States, as may appear to them nccessaryor exgedientffor the managemeqt of said corpopation, its business. apd affairs, an may rom imo to time a ter or repea the same or any o t tem. Capital stock; Sec. 2. And be it/itrther enacted, That the capital stock of said company shall consist of ten thousand shares of stock of the value of one hundred dollars each, being one million of dollars, with the privilege to m¤·y b¤ hl- increase the same from time to time by a vote of the stockholders at any
 * f>ffi°“°° ml smne laws and responsibilities, and whose compensation respectively shall
 * £;°$;1£‘;;'; annual 'or special meeting, and the corporators, or a majority of them

named in the first section of this act, shall have power to receive sub— scriptxons to the stock of the company, at such time and places as they may deem expedient, and when the whole amount of stock shall have been directors subscribed, and twenty per centum thereon shall have been paid in, (which ,,,,,,,,1 to hay1Mb_ payment shall be required at the time of subscribing,) the stockholders ed. shell elect twelve directors to serve until the next annual election, or until