Page:United States Statutes at Large Volume 6.djvu/229

 THIRTEENTH CONGRESS. Sess. II. Ch. 24. 1814. 129 and becoming due on the respective days specified for making payment in the aforesaid certificate of the register; and the sum of three hundred and twenty dollars, paid on account of the purchase money of the said north-west quarter, and which became forfeited by non-payment of part of the purchase money, shall, by the register and receiver of public moneys for the said district, be placed to the credit of the said James Crawford, and be considered as part of the purchase money for the said north-west quarter section; and the said James Crawford, his heirs, or assigns, shall be entitled to a patent for the land contained in the west half of the aforesaid section, on his completing the payment of the purchase money, according to the provisions of this act. Avpnovap, March 9, 1814. CHAP.——XX1V.—-.H7L Act to inc0rp0ra1‘e`a`Fire Insurance Company in the Town STATUTE IL of Alezandna, in the Dzstrict of Columbia. March 97 mM_ Be it enacted, dec., That those who shall become subscribers to the company, their successors and assigns, shall be, and are hereby created, C°mP**¤Y lm a body politic, by the name and style of the “Fire Insurance Compa~ °°rP°m€d` ny of Alexandria ;" and shall by that name have succession, and shall he able to sue and be sued, implead and be impleaded, in all courts of law in the United States. Sec. 2. And be it further enacted, That a subscription be opened Books of subin the town of Alexandria, under the direction of James B. Nicholls, ‘;°2§;§’" “’ b° Cuthbert Powell, Jonah Thompson, Thomas Vowell, and James H. g0m,,,,SSio,,,,,,S Hooe, George Taylor, John M’Kinney, Philip Triplett, Craven T. i Peyton, and Nathaniel Wattles, or a majority of them, for raising a capital stock of two hundred and fifty thousand dollars, in shares of twenty-five dollars each; and that each person, upon subscribing, pay to the persons above—mentioned five dollars upon each share so subscribed for; and that the remainder of the said twenty-five dollars shall be secured by negotiable notes, signed and indorsed to the satisfaction of the aforesaid James B. Nicholls, Cuthbert Powell, Jonah Thompson, Thomas Vowell, and James H. Hooe, George Taylor, John M’Kinney, Philip Triplett, Craven T. Peyton, and Nathaniel Wattles, or a majority of them; and payment thereof may be thereafter demanded at such times, and in such proportions, as the president and directors hereafter mentioned shall judge advisable, giving six weeks’ notice in at least three of the gazettes printed in the district of Columbia. Seo. 3. And be it further enacted, That every subscriber shall be Regulations in entitled to vote by himself, his agent, or proxy, appointed under his ’°m‘°“ “’ "°*“> hand and seal, attested by two witnesses, at all elections made by virtue of this act, and shall have as many votes as he holds shares, as far as ten shares; one vote for every five shares which he may hold over ten shares, as far as fifty other shares; and one vote for every thirty shares which he may hold over sixty shares. And every stockholder gud §_<> alle twis- (not in debt to the company) may at pleasure, in person, or by power °r° S ‘"°S‘ of attorney, assign and transfer his stock in the company, on the books of the same, or any part thereof not being less than a whole share; but no stockholder indebted to the company shall be permitted to make a transfer, or receive a dividend, until such debt is paid, or secured to the satisfaction_ of the president and directors. Sue. 4. And be it further enacted, That as soon as five thousand shares shall be subscribed, the persons hereby authorized to receive subscriptions shall call a meeting of the subscribers, giving two weeks} notice in three of the papers printed within the district; and the sub- Whenzhe comscribers who shall assemble in person, or by proxy, shall choose by gg;{;§,·t° be "' ballot, from among the stockholders, by a majority of votes,·twelve directors, who shall continue in office until the first Monday in No- 17