Page:United States Statutes at Large Volume 25.djvu/891

 846 FIFTIETH CONGRESS. Sess. II. Ch. 375. 1889. March 2.1889. CHAP. 375.-An act to incorporate the Washirigton and Sandy Spring Narrow “"_"""" Gauge Railroad Company. Be it enacted by the Senate and House of Representatives of the wssmqgmu and United States 0 America in Congress as embted, That Henry M. 212;% Baker and A.   M. Prevost, of the city of Washington, in the Dis- 1>¤¤y inwrpcmwi trict of Columbia, and J. L. Husband, G. G. Kimball. H. Maurice mmpomom Talbott, O. P. H. Clark, and G. O. B. Cissell, of the State of Mary- land, and E. J. Evans, of the State of Virginia, and all such persons as shall or may be associated with them and their successors, are hereby created a body politic and corporate in fact and in law, by the name of the Washington and Sandy Slpriug Narrow Gauge Rai - road Company, and by that name shall ave perpetual succession, and shall be able to sue and be sued, plead and e impleaded, dofend and be defended, in all courts of law and equity, an may make and have a common seal, and the same alter at their pleasure; and said corporation is hereby authorized to lay out, locate, construct, furnish, maintain, operate, and enjoy a continuous railroad and tele- Locationotline. graph line with all the necessary appurtenances, namely: Beginning ‘ at a point in the city of Washington, District of Columbia, at the intersection of Boundary street and New York avenue and extending parallel with the line of the Metropolitan Branch of the Baltimore and Ohio Railroad to a point at about one mile from said Boundar street; thence leaving the line of the said Baltimore and Ohio Railroad and going in a northeasterly course to the northeastern boundary line of the District of Columbia at or near the intersection of the said northeastern boundary line and the Riggs road, as may hereafter be surveyed and agreed on by and between the parties named, or their successors, and the Commissioners of the District · capim stock. of Columbia, That the capital stock of said co oration shall consist of three thousand shares at a par of fifty dollltrs per share each, which shall in all respects be deemed personal pro erty, and shall be transferable only on the books of the Com any tolbe kept at their principal office. The persons (or their assignslhereinbefore named, or amajority thereof, s all constitute a quorum for the transaction of Meeting of mmm business, The first meeting of said incorporators shall be held within "°°"‘ twenty days from the passage of this act, in the city of Washington. A notice of said meeting, to be signed by seven of the incorporators named herein, shall be published for not less than fifteen days, in one or more newspapers published in the city of Wasliiiigton, and . no other notice of said meeting shall be required. At the first meeting of said incorporators the shall select seven of their number as a ¤¤¤¤¤iS¤*¤¤¤¤‘¤· board of commissioners of the Washington and Sandy Spring Narrow Gauge Railroad Company. Said board of commissioners, as soon as practicable after being selected, shall organize by the choice from its members of a president, vice-president, secretary, and treasurer. The said board of commissioners shall cause to be opened books Subscription. in the city of Wasliington, and to receive subscriptions to the capi- Proww. tal stock of said corporation; Provided, That the said board of commissioners shall first give ten day’s notice of the opening of books for the subscription to the capital stock of said com any; and a cash pay- rm pm- cmg. to be ment of ten per centum of all subscriptions shadl be made at the time board of commissioners, who shall be a bonded officer in an amount to be fixed by said board of commissioners; and as soon as an amount equal to two—thirds of the capital stock of said company shall have been subscribed, and five per centum paid in on the same to the treasurer of said board of commissioners then the said board of com- ` missioners shall appoint a time and place for the first meeting of the subscribers to the stock_of said company, and shall give notice thereof in one newspaper published in the city of Washington, at least five days previous to the day of said meeting; and such subscribers as
 * ’““’°" ““"°°""’“"· of subscribing, and it shall be recei ted for by the treasurer of said