Page:United States Statutes at Large Volume 18 Part 2a.djvu/81

 76 DISTRICT OF COLUMBIA. S*°°k» P¤¤‘¤¤¤¤l SEO. 636. The stock of such company shall be deemed personal estate, ‘,?;‘°§? """ um" and shall be transierable only on the hooks of the company; but no —j¢——— shares shall be transferable until all previous calls thereon shall have 5M“y’1m°•°‘8°· been fully paid or the shares shall have been forfeited for the non-pay. B` I6"" 16’ P` u1' ment of calls tdereon. Subscriptions to Sec. 637. It hall be lawful for the directors to call in and demand ?°°°k9 M" ***11**1 from the stockholders, respectively, any sums of money by them sub- "" scribed, in such payments or installments as the directors shall deem 1l»i4l.,s.14, p. 110. proper, under the penalty of forieiting the shares of stock subscribed tor, and all previous payments made thereon, if payment shall not be made by the stockholder within thirty days after personal demand or notice requiring such payment; but subscriptions shall not be required to be paid except in equal installments of not more than ten per centum per month. 0 o it i heats of Sec. 638. The president and a majority of the directors, within thirty °t°°k I""} “P‘ fixed and limited by the company, shall make a certificate stating the Ibid., s. 17. amount of capital stock so fixed and paid in, which certificate shall be signed by the president and a majority of the directors, and sworn to by the president and secretary; and they shall, within the said thirty days, file and record the same in the office of the recorder of deeds of t e i trict. Increase or cnpi- Sec. 639. The capital stock of such companies may be increased from W ¤*¤<=k· time to time, if nece sary, in the manner provided in the following p,;d_,,,_ ·y,p_ 10g_ section, to a sum equal to the cost of constructing the road, together with the right of way and motive-power, and all the appurtenances and expenses necessary for the complete running of the road. H*°*°¤°°i h°W Sec. 640. Such increase may be made only by filing in the omce of Dm °‘ ____ the recorder of deeds a certificate stating the amount of the desired ll»id.,s.35, p. 115. increase, and thereasons or necessity for the same, signed by the president and ahmajority of the directors, and attested by the secretary and sea. o suc compan. Limit to the Sec. 641. In no cgsc shall the capital stock of any such company be lug, equipping the road. sims for install- Sec. 642. It shall be lawful for all companies formed and incorporated 2Q:?' °f °“*’°°¤P· under the provisions of this chapter to sue for and collect any installm;; ment or subscription to stock due to said companies in like manner as Ibi¢l.,s.3s,p. 116. other debts are now collected. Gsnersl powers, Sec. 643. Every such corporation shall possess the general powers '°· and be subject to the liabilities and restrictions in the special powers m,i0n_ "P°' following, that is to say: Ibid., s. 19, pp. 111, 112. $¤¤v¤lr¤ Mid ¤¤- First. To cause such examination and survey for the proposed railroad °'Y· to be made as may be necessary to the selection of the most advanta~ geous route for the railroad; and for such purpose, by their officers, agents, and servants, to enter upon the lands or waters of any per- Responsibility. Elon, bigt subject to responsibility for—all damages which they shall do ere . m%;*‘:;f' ‘“’d d°‘ _ Second. To receive, hold, and take such voluntary grants and donations of real estate, and other personal property, as shall be made to it, to aid ln the construction, maintenance, and accommodation of such How to be nssu, railroad; but the real estate thus received by voluntary grants shall be held and used for the purposes of such grants only. 11urcll:use,&c.,of Third. To purchase, and by voluntary grants and donations receive '°"'" “*°- and take, and by its officers, engineers, and surveyors and agents, enter upon, and take possession of, and hold and use all such lands and real estate and other property as may be necessary for the construction and maintenance of its railroad and stations, depots, and other accommo- Compmmim dations necessary to accomplish the objects for which the corporation was ' created; but not until the compensation to be made theretbr, as agreed upon by the parties, or nsccrtu-ined as prescribed in this chapter, shall
 * m°¤¤'¤ PY ¤¤I>l¤¤l days after the payment of the last installment of the capital stock as
 * ““°““* °*`“¤°*‘°¤¤°· increased to a greater amount than the actual cost of building and