Page:United States Statutes at Large Volume 6.djvu/303

 FIFTEENTH CONGRESS. Sess.I. Ch. 44. 1818. 203 Sec. 2. And be it further enacted, That it shall be the duty of the Register to register of the land office within whose district the said lands may be, m¤l*° °¤¢ ¤¤ and he is hereby required, to make out, for the surveyor of the land ,9;,li;;3f3',;;°’ south of the state of Tennessee, an order of survey for each tract of i land confirmed by this act, to be located on the tracts so claimed: Provided, '1`he said lands have not been sold by the United States; but in case the lands shall have been sold, the location of the claims aforesaid may be laid on any lands of the United States-lying on the east side of said river of Tombigbee, within the same district, and which shall have been offered at public sale; and on the return of the plat of survey, made and executed pursuant to the said order, directed to the commissioner of the general land office, patents shall be granted in like manner as provided by law for other lands of the United States. Avrnovnn, April 9, 1818. ""-" Srkrura I. Cnn. XLIV. -- Jin .£ct to incorporate a Fire Insurance Company in the city of April 9, 1g1g_ Washingtvnt "‘;t‘ Be it enacted, eye., That the subscribers to this company, their successors and assigns, shall be, and they are hereby, created a body poli- Subscribersin. tic, by the name and style of the Franklin Insurance Company, and ¢<>fP<>¤*¤¤d by shall, by that name, have succession, and shall be able to sue and be sued, implead and be impleaded, in all courts of law in the United rancwompany. States. Sec. 2. And be it further enacted, That a subscription be opened Subscriptionto in the city of Washington, under the direction of John Davidson, Sat- l{,€,°F;;E¤°d in terlee Clark, Alexander Kerr, R. C. Weightman, Benjamin G. Orr, as mgl"' William Brent, Samuel Miller, and William Doughty, or a majority of them, for raising a capital stock of two hundred and fifty thousand dol- Capital. lars, in shares of twenty-five dollars each; and that each person, upon Terms of subsubscribing, pay to the persons above mentioned, five dollars upon each °°“P“°“· share so subscribed for; and that the remainder of the said twenty-five dollars shall be secured by negotiable notes, signed and endorsed to the satisfaction of the aforesaid John Davidson, Satterlee Clark, Alexander Kerr, R. C. Weightman, Benjamin G. Orr, William Brent, Samuel Miller, and William Doughty, 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 adviseable, giving six weeks’ notice in at least three of the gazettes printed in the District of Columbia. Sec. 3. And be it further enacted, That every subscriber shall be Subscdbers entitled to vote by himself, his agent, or proxy, appointed under his hand may vote in and seal, attested by two witnesses, at all elections made by virtue of P;;;°“ °" bY this act; and shall have as many votes as he holds shares, as far as ten p y’ 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, (not in debt to the company,) may, with the assent of the president and direc- Stockholders tors, in person, or by power of attorney, assign and transfer his stock may transfer in the company, in the books of the same, or any part thereof, not being °h°“` “‘°°k· &‘°· 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. Sec. 4. And be it further enacted, That as soon as five thousand Amggtjng to shares shall be subscribed, the persons hereby authorized to receive sub- be c¤ll¤d,when. scriptions shall call a meeting of the subscribers, giving two weel<s’ notice in two of the papers printed within the district; and the subscribers who shall assemble in person, or by proxy, shall choose by ballot, from