Page:United States Statutes at Large Volume 26.djvu/176

 122 FIFTY-FIRST CONGRESS. Sess. I. Ch. 382. 1890. R°“*°~. avenues, and places: Commencing at the intersection of Connecticut and Florida avenues; thence easterly along Florida avenue formerly known as Boundary street, to Eighteenth street; thence northerly along Eighteenth street to Columbia road; thence westerly, crossing ‘ Columbia road and extending through the Cliifbourne tract, to Rock Creek, on such line as shall be approved by the Commissioners of the District of Columbia; thence crossing Rock Creek on a substanimage. tial, elevated iron brid e to be erected by said company at its own expense and approved b said Commissioners, whic shall be a thoroughfare open to the public, not less than fifty feet wide, including sidewalks; thence northwesterly through Woodley Park to a point near Woodley road in Connecticut avenue extended, on such line as shall be approved by the Commissioners of the District of Columbia; ' thence northerly along Connecticut avenue extended to the north , line of the District of Columbia; also commencing at the intersection of Eighteenth and U streets northwest; thence east, following U mmm. street, to Fourteenth street west: Provided, That the said company, . reiuspmckaac., at its own ex ense, shall kepjp its said tracks within the city imits "°“ ""’°"·°“’· and on Florida avenue and ighteenth street to Columbia road, and for the space· of two feet beyond the outer rails thereof and also the space between the rails and tracks, at all times well paved with asphalt, or such other pavement as the Commissioners of the District of Columbia shall approve, and keep the same in good repair; ni case at mips, and if said company shall ail to pave or repair the said streets in the g§‘$*,§’”,,,°¢’,P"F,,’f?°{‘g manner aforesaid the Commissioners of the District of Columbia <¤¤¤¤v•¤v‘¤¤?>•t.¤¥¢ shall cause the same to be paved or re aired as aforesaid, and the cost of such paving shall be recovered dy the Commissioners against said company in any OOHIW of competent jurisdiction, and the amount, - so paid for such paving or repairing by said Commissioners shall be mm. a lien upon all property of said .comp)any from the time that said paving or repairing is made until paid ly said company. ngpmorommw. Sec. 2. That so much of the origina charter of said company, V "’·P·’”°· nted by act which became a law June twenty-second, eig teen hhliidred and eighty-eight, as prescribed a route or routes for the tracks and road of said company be, and the same is hereby, repealed, and that the route or routes prescribed by this act shall be Promo- the only route or routes for the tracks and road aforesaid : Provided, xxmy That saidtplompalny slhall not operageilanythirt of its road by electric ‘ wer wi over ea wires W1 in e C1 y 1mi s. Capital stock. POSec. 3. That said com any is hereby authorized to issue its capital stock to an amount not tb exceed the actual cost, more than ten per rm,p.am. centum of the right of way), construction and equipment, motive power, and such and and uildings as may be necessary to said road, in shares of one hundred do lars each. Said company shall require the subscribers to the capital stock to pay in cash to the subempuom. treasurer appointed by the corporators the amounts severally subscribed by them, as follows, namely: Ten per centum at the time of subscribing and five per centum each thirty days thereafter, until fifty per centum thereof shall have been paid, the balance of such subscription to be paid at such times and such amounts as the board of directors may require; and no subscription shall be deemed valid unless the ten per centum thereof shall be paid at the time of subwncguzgpenc stock scpibing, as liereinbefore provided ;uand of anyf stocmolder shall · re use or neg act to a any insta men as a oresai, or as required by resolutionpofr the board of directors after reasonable notice of the same, the said board of directors may sell at public auction, to the highest bidde1·, so many shares of his stock as shall pay said installment, and the person w o offers to {purchase the least number of shares for the assessment due shall e taken to be the highest bidder, and such sale shall be conducted under such general regulations as may be adopted in the by—laws of said company; but no stock shall be sold for less than the total assessments due and