Page:United States Statutes at Large Volume 25.djvu/541

 FIFTIETH CONGRESS. Sess. I. Ch. 1038. 1888. 495 president of the company; and they also shall choose a vice—presient, a secretary, and a treasurer, who shall give a bond. with surety, to said company. in such sum as the said directors may require, for the faithful discharge of his trust. In the case of a vacancy in the board of directors, by the death, resignation, or otherwise. of any director. the vacancy occasioned thereby shall be filled by thelremaining directors- The directors shall have power to make and prescribe such by-laws, rules, and regulations as they shall deem needful and B>’·1¤wS, Gwproper, touching the disposition and management of the stock, property, estate, and effects of the company, not contrary to the charter or to the laws of the United States and the ordinances of the District of Columbia. There shall be an annual meeting of the stockholders for election of directors, to be held at such time and place, under such Elections. conditions, and upon such notice as the said com any in their by—laws may prescribe; and said directors shall annually make a report, in writing. of their doings, to the stockholders. If any person or persons shall willfully, mischievously, or unnecessarily obstruct or impede the t. Penalty for Obstrucpassage of the cars, engines, or barges of said company with a vehicle mm m' or vehicles, or otherwise, or in any manner molest or interfere with operatives while in transit, or destroy or injure the tracks, barges, cars, or other property belonging to said company, the person or persons so odending shall forfeit and pay for each offense not less than twentydive nor more than one hundred dollars, to be recovered as other fines and penalties of said District, and shall remain liable, in addition to said penalty, for any loss or damage occasioned by his or her or their acts as aforesaid. That the Commissioners of the District shall make such reasonable regulations as may be deemed ¤_}§§“jf,ff1Q,”;;iQ!{€§S‘* proper to prevent the said railroad company from obstructing any ` of the streets the tracks of said company may cross, and for the violation of said regulations the said company shall be subject to a penalty not exceeding one hundred dollars, to be recovered in any court of competent jurisdiction. The princi al offices of said company rrmcipu umm. shall always be situated in the city of Wrgshington, and all books and papers relating to the business of said company shall be kept thereat and open at all times to the inspection of the stockholders. The meeting of stockholders and directors shall be held at said office. The book in which transfers of stock shall be recorded shall be closed for the purpose of such transfer thirty days before the annual election. Sec. 4. That each stockholder in the said company shall be individ- h Fftability of ¤t<>ckually liable for all the debts and liabilities of said company to the °””‘ amount of the par value of the stock held by such stockholder, u11til » the same shall have been fully paid up. Sec. 5. That the said company sbal, on or before the fifteenth day Annual repon. of January of each year, make a report to Congress of the names of all the stockholders therein. and the amount of stock held by each, together with a detailed statement of the receipts and expenditures from whatever source. and on whatever account, for the precedinc ear ending December the thirty-first, which report shall be verified by the affidavit of the president and secretary of the company, and if said report is not made at the time specified, or within ten days thereafter, it shall be the duty of the Commissioners to cause proceedings to be instituted to forfeit this charter; and said company shall pay to the District of Columbia. as taxes for each year, five per centum Taxes. of its gross earnings for the preceding year, as shown by said verified statement, which amount shall be ayable to the collector of taxes at the times and in the manner that other taxes are now due and payable. and subject to the same penalties on arrears: and the franc iise and property of said company. both real and personal. may be seized and sold in satisfaction thereof. as now provided by law for the sale of other property for taxes; and said ner centum of its gross earnings