Page:United States Statutes at Large Volume 16.djvu/203

 F ORTY—FIR.ST CONGRESS. Sess. II. Ch. 168, 169. 1870. 169 in connection with- the said business, and may, under authority of the M":Y°"g“g°l“ Peruvian and BOl1V1dH governments, engage in public works connected gzlihc w°rk‘l’ with such transportation, or which may become necessary in order to develop the same m, upon, or near the said rivers, and for that purpose may issue its bonds or other obligations secured by a pledge of its property and franchises: Provided, That the United States shall not be respon- United States sible for loss or damage resulting fiom the transportation of property to, “%°° b° '°’p°“' or investment made in, any foreign country. sl °` Sec. 2. And be it further enacted, That the capital stock of the said Capital stock. corporation shall be one million of dollars, to be divided into shares of Shin-es. one hundred dollars each, and said shares of stock shall be personal property transferable on the books of the company only; and said capi- Increase of tal stock may be increased from time to time, as may be necessary, for the °“p‘m‘ general purposes of said company. Sec. 3. And be it further enacted, That the said company shall have By-lawspower to make such by-laws as it deems proper for the disposition of the property and estate of the company, the management of its business and affairs, the term of office and duties of its officers and servants, and to carry out the general objects of the corporation, and to amend or to repeal the same at pleasure: Provided, That such by·1aws shall not conflict with any law of the United States. ' Sec. 4. And be it further enacted, That the stock, property, and affairs Board of dlof the said corporation shall be managed by a board consisting of not "°°*°"· more than nine or less than five directors, and they may appoint a pres- Omcsrs and ident and such other officers, and employ such agents, as they deem “g°“l“‘ proper. Src. 5. And be {tfurtner enacted. That the corporators named in this Corpcmtors act shall be the directors for the first year from the organization of the }.grbgr;l;"°°°" . . · year. company, and thereafter annual elections of directors by thestockholders Amway mc. shall be held, at meetings to be called for that purpose, at which each Wm of <!lf¢<=¢<>¤¤· share of stock present, in person or by proxy, shall be entitled to one PF°¤l°$- vote, and a majority of the stock thus represented shall elect. Sec. 6. And be it further enacted, That this act shall take effect im- mg;;};? mediately. Seo. 7. And be it further enacted, That the principal ofllce of the com- 5 P*l;,'*;0°g*;*:_°f day of August, eighteen hundred and seventy, there shall be assessed and tained from collected by the collectors of customs at the ports of the United States, wages of certain from the masters or owners of every vessel of the United States arriving Zjzffsxzdcgfjd from a foreign port, or of registered vessels employed in the coasting trade, im,,,-,, of cu,. the sum of forty cents per month for each and every seaman who shall §;>:LS·R“ No 27 have been employed on said vessel since she was last entered at any Port PM, P: 5mg_ ‘ of the United States, which sum said master or owner is hereby authorized to collect and retain from the wages of said employees. Sec. 2. And be it further enacted, That from and after the first day of mg; (nfycggggl- August, no collector shall grant to any vessel whose enrollment or license to be granted to for carrying on the coasting trade has expired a new enrollment or gy vlessehunlicense, unless the master of such vessel shall have first rendered a true h::;e:d*;_:%*°' account to the collector of the number of seamen and the time they have account Oy m,, been employed on such vessel during the continuance of the license wh1ch dao. to has so expired, and shall have paid to such collector forty cents per month