Page:United States Statutes at Large Volume 6.djvu/326

 226 FIFTEENTH CONGRESS. Sess. II. C1r.44. 1819. name and style of “The Navy Yard Bridge Company ;" and by that name may sue and be sued, implead and be impleaded, and do and suffer all acts, matters, and things, which a body politic and corporate may lawfully do and suffer; and may have a common seal, and the same may break and alter at pleasure, and may make all by-laws, rules, and regulations, andlordmances, for the good government of said company, and for carrying mtu effect she cgbjects of tlgeir institution, so that skpch by- laws, rules, re uations, an or inanees, e not repugnant to the laws of the United Ttates, in force within the District of Columbia. Rules of Sec. 3. And be it further enacted, That at all elections for directors voting- and officers of said company, each and every member of the said company shall be entitled to as many votes as he or she may hold shares of Election of the capital stock of said company, and may vote by proxy, executed 0fH¤¢f¤· under their hands and seals, in the presence of two witnesses; and that when two hundred of the said shares shall be subscribed for, as aforesaid, or as soon after as may be, the said board of commissioners shall call a meeting of the company, at some convenient place in the city of Washington, giving at least three weeks' notgie ljhgreoihby Bublic adivertisement in one or more news apers publishe in the istrict 0 Columbia; iand the said company shall then and there elect, by ballot, five directors and a treasurer, and such other officers, agents, and servants, as the company may think fit to appoint; and as soon thereafter power- of the as a board of directors shall be formed, they shall elect one of their b<{¤*$i ¤f <>0m- body to be president of the said board of directors; and all the powers, i i I of commissioners, shall cease and determine, and thenceforward become vested in the president and directors for the time being of the said cornpany; and the said board of commissioners shall account to the president and direcgiiis og the sang company, at their fiist frneegmg, for all moneys receive y them ort cir agents, on accoun o su scriptions, and shall immediately pay over the same to the treasurer of said compa-ecgom, gw_ pany. And the said directors and treasurer shall hold their offices until the g>h¤ld $j1¤i¤‘<>f- first Tuesday in October next, and until a new election shall be made °ml:,':' °“°W by the company. And there shall be holden on that day, and, annu- Annual meet- ally thereafter, on every first Tuesday in October, a meeting of the said inf YM ¤l¤¤¤¤¤ company, for the purpose of electing five directors and a treasurer, and ° °m°°"‘ other officers and agents, as aforesaid. Sham mM_ Sec. 4. And be it farther matted, That the said shares shall be neferableQ Gm. gotiable and transferable from one to another, by assignments in writing, executed before two witnesses, at least, and authenticated and registered, as the said company may prescribe and direct in their by- laws and regulations, and shall be deemed personal, and not real, property; and that the shares held by any individual shall be liable to be attached, or taken by fieri facias, to satisfy the debts due from such individual, in like manner as other personal pro erty may be. A meotirr Sec. 5. And be it further enacted, That apmeeting of the said comm¤Y b¤_<=¤d¤¤l pany may, at any time, be called, at some convenient place in the City M my “m°·&’°‘ of Washington, by a majority of the directors of the company for the time being, and by one-third of the members of the said company, or by the proprietors of one-third of the shares actually subscribed for, or p,-,,,·;,0_ the legal representatives or proprietors: Provided, however, That no meeting of the said company shall be legal or valid, unless a quorum shall be formed, consisting of the majority of the members of said company, or of the proprietors of at least two-thirds of the number of shares actually subscribed for, their legal representatives, successors, or proxies, nor unless the time of such meeting be previously advertised, for three weeks successively, in one or more guzettes in the District of Columbia; and the said company shall have power, at any meeting legally called and constituted in pursuance of this act, to displace any of their direc-
 * ',;f;";°"v°j{,°€:,° authority, and duties, whatsoever, by this act vested in the said board