Page:United States Statutes at Large Volume 19.djvu/99

 FOBTY-FOURTH CONGRESS. Sess. I. GH. 163, 164, 165. 1876. 73 appropriated, out of any money in the Treasury, for the purpose of adding an additional story to the said post-office building now in the course of erection, to be used for United States court rooms and other Government offices. Approved, July 3, 1876. CHAP. 164.-An act to amend am act entitled "A¤ act to incorporate the joint stock July 3. 1876- company of the Young Meu’s Christian Association of Wnshingten," approved March """_"*" second, eighteen hundred and sixty-seven. Be it enacted by the Senate and House of Representatives of the United · States of America in Congress assembled, That theiacts entitled “An act 186% Oh- }$“’· to incorporate the joint stock company of the Young Meu’s Christian 14 S°“°‘* """‘ Association of Washington," approved March second, eighteen hundred and sixtyseven, be, and the same is hereby, amended as follows, namely:, SEG 1. Thntthe joint-stock company of the YoungMen’sChristian Asso— ChY.°t‘}_ *1gA QI‘{Qf ciaticn be, and it is hereby, authorized and em powered to borrow, on the ,,0:,ls,:Q;y S,,?;,,`;, security of the real estate now owned by it in square numbered four hun- mosey. dred and seven in the city of Washington, District of Columbia., not exceeding the sum of thirty-three thousand dollars, at a lawful rate cf interest, for the purpose of paying off the debt now due from said joint- · stock company to the Freedman’s Savings and Trust Company. SEC 2. That in order to secure the amount authorized to be borrowed May secure lown by the preceding section, the said joint-stock company is hereby author- b-Y dma °f **`“”*· ized to execute and deliver its note for the amount borrowed, under authority of this act, bearing such lawful ra/cc of interest, and payable at such time, principal and interest, as may be agreed upon between it and the persons from whom it may borrow such money; and to secure the payment of such note and interest to convey said property to two trustees in {ee-simple, with power in said trustees, or the survivor of them, to sell said property at public auction in case of default made in the payment of said note, or any installment of interest duo thereon, upon ‘ such terms and after such notice by advertisement as the said trustees, T°"““ °f "’“S"· or the survivor of them, may deem best for the interest of all parties, concerned, and to convey the same to the purchaser in fee-simple. SEG 3. That the rents and revenues derived from said property shall RGVGH MB of he retained by the board of directors of said jointstock company and ¥’f°g°;;{{ °°J’°n?;g: applied to the payment of the indebtedness hereby authorized, and 2Q6d6N_ P y shall not be applied to the payment of interest on the capital stock of said corporation until said indebtedness is fully paid. SEC 4. That nothing herein contained shall be construed as authoriz- Property not to ing said joint·stoek company to encumber said realestate for any other Mh °“P“mb°’°‘] purpose 'or in any other manner. °t °"m°‘ Approved, July 3, 1876. CHAP. 165.-An act to repeal section two thousand three hundred mid three of the July 4, 1876. Revised Statutes of the United States, making restrictions in the disposition of the ";""""—" p1iblic'lu.nds in the States of.Alab:11uu., Mississippi, Louisiana, Arkansas and Florida, I, t ,;,7 and for other purposes. °8 > P‘ ‘ " ‘ Bc it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section two thousand three . R. S., 2303, p. 424, hundred and three of the Revised Statutes of the United States, cou- f<>D¤=¤<=d· iiuing the disposal of the public lands in the States of Alabama, Mississippi, Louisiana. Arkansas, and Florida, to the provisions of the h0mestead law, oe,:1nd the same is hereby, repealed: Provided, Ibm; the Pr<>Vi¤<>· repeal of said section shall not have the effect; to impair the right, complete or inchozite, of any homestead settler, and no lend occupied by such settler at the time this act shall take effect, shall be subject to entry, preemption, or sale: And provided, That the public lands uiiected