Page:United States Statutes at Large Volume 16.djvu/142

 108 FORTY—FIRST CONGRESS. Sess. II. Ch. SO. 1870. B¤¤‘·i¤¢>ff¤d¤ together may agree, and elect a president, one or more vice-presidents, as they may see fit, adopt a name, constitution, and by-laws, such as they b gm°°’E"“"‘°· may agree upon, and shall thereupon become a body corporate and politic 5-AWS` c` in fact and in name, by the name and style, or title, which they may &59"°”* **1* have adopted, and by that name shall have succession, shall be capable in law to sue and be sued, plead and be impleaded, answyer audi he answered unto, defend and be defended, in all courts of aw an equity whatever, and they and their successors shall have a common seal and _ _ may alter and change the same at their discretion. an‘3‘g;'("§,§g¤ of Said corporation shall have the right to admit as members such permembeiis. sons as they may sec fit and expel any members as they may see fit; C M t apduin all cases n Imajority of tip: rpcnpplers ppesent at any state; nieetingp <>¤S i 11 i¤¤ S12 have t te rw it to pass, an :1 so e rigi 0 repea, any y- laws o 'md °Y'1‘“"‘ said corporation? and in all cases the constitution and by-laws adopted by such corporation shall be binding upon and control tif same untié altered, changed, or abrogated in the manner that may e prescribe m such constitution. C<>¤’P;1‘¤¢L0¤;d Said corporation, by the name and style which shall be adopted, shall property. or personal, for the use of said corporation: Pmvzded, That such real EEE1g:;? nm estate shall not exceed in quantity one city, town, or village lot and Bmw building in the District of Columbia. Term of omoe The officers shall hold their offices for the time which shall be pre- °f °m°°”· scribed in the constitution adopted by such corporation, and until others shall be elected audlqualilied as prescribed by such constitution. Board of di- The president, vice-president,. secretary, and treasurer shall- be ex "°'“°“‘ officio members of the board ofdnrectors, and, together with the directors P1 rt f eleX§<],g1allm;111p1glo the businless of paidloorppiration. I t I um 1 y 0 0 cers s ia e c ecte y a p ura 1 y o votes given a any e ec- Zgiirgé °l°°t tion, and a general election of officers shall be held at least once in each A,,,,,mlmc_ year; but in case of any accidental failure or neglect to hold such gentions, &o. eral election, the corporatmn shall not thereby lapse or terminate, but shall continue and exist, and the old officers shall hold over until the next general election of officers provided for in the constitution. Awards of The award of any general committee of reference appointed by said committees of · · · · reference; corporation upon any matter of difference, submitted to such committee for arbitration in writing, with or without seal, by any member of said corporation or by any other person whatsoever, shall have the same force and effect as if the same had been submitted to the arbitration of the members of said committee of reference, by their individual names by ¤§yb¢6l¤d, deed of submission; and any such award may be tiled and made a rule gfdjgfggzztbe of court, anld juggnutept enteredlthorepln andlezrecutigu isspled in th; same entered and exe- manner an un er e same ru es an revu ations t at other awar s may °“**°“ ‘““°· be entered, under and by virtue of the lads in force in said District. No No bond. submission or arbitration bond shall be required to be filed with such mNotioopt61inz awards ; but four days' notice of the filing of such award shall be given pmf?;f°"° tof the oppospe party of the [party filing pho axyétrdil lgaid copimittep of wmcms may rc erence, w len S1 ung as ar ntrators as a oresax, s a ave the r1¤ t t0 ° the same as justices of the peace. c(H;°;;d*¤d l10W Said corporation may inflict fines upon any of its members, and collect the same, for. breach of the provisions of the constitution or by—laws; but no fine shall m any case exceed twenty-five dollars. Such fines may be collected- by action of debt, brought in the name of the corporation, before zny Jgsticet of thei peace, against the person upon whom the fine shall ave een impose . Corporation Said corporation shall have no power or authority to do or carry on Qggiiscgyfgcggg any business excepting such as is usual in the management and conduct gw, of boards of trade 0; cllambers of commerce, and as provided for in th' oregoing sections o this act.
 * E,y;;,:gy°be capable in law of purchasing, holding, and conveying any estate, real
 * ’&:;>5¤P°U°d W issue subpoenas and compel the attendance of witnesses by attachcinenf,