Page:United States Statutes at Large Volume 67.djvu/152

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PUBLIC LAW 90-JUNE 30, 1953 P u b l i c Law 90

June 30, 1953 [S.2032]

[67

STAT,

CHAPTER 166

AN ACT To modernize the charter of Washington Gas Light Company, and for other purposes.

Be it enacted by the Senate and House of Representatives of the ^^f f^J^il.P^^ C^mz^erf! States of America in Congress assembled, That section 3 of an Light Company. Act entitled "An Act to incorporate the Washington Gas Light Company'', approved July 8, 1848 (9 Stat. 722), as amended, is hereby amended to read as follows: Management. "SEC. 3. That the stock, property, and affairs of the said corporation shall be managed and conducted by or under the direction of seven directors, being stockholders, or such other number, not more than fifteen nor less than seven, within which limitation the membership may be in any case increased or diminished, as the stockholders may from time to time determine; that the said directors shall hold their offices for one year, or until their successors shall be elected and shall qualify; and shall be elected at a meeting of the stockholders to be held each year at such time and place in the city of Washington as may be fixed from time to time by the stockholders of the corporation; and that notice of such annual meeting shall be given as provided in the bylaws of said corporation and shall be published in at least two of the public newspapers printed in the city of Washington, at least fourteen days previous to the time of holding such annual meeting; and every such election shall be by ballot and by such of the stockholders entitled to vote who shall attend the annual meeting for that purpose either in person or by proxy; and each stockholder shall be entitled to one vote for each share of the stock held of record on the books of the corporation on the record date fixed as provided in the bylaws; and the persons having the greatest number of votes shall be the directors; and if it shall happen that two or more persons have an equal number of votes, the directors in office at the time of such election shall, by a plurality of votes, given by ballot, determine which of the persons so having an equal number of votes shall be director or directors, so as to complete the whole number to be chosen; and the directors so chosen shall, as soon as may be thereafter, proceed by ballot to elect one of their number president; and whenever any vacancy shall happen, the same shall be filled up by the remaining directors, by a plurality of votes, until the next annual meeting.'' SEC. 2. There be added to said Act to incorporate the Washington Gas Light Company, as aforesaid, a new section to read as follow s: Certificates. "SEC. 12. The shares of the corporation shall be represented by certificates signed by the president or a vice president and the secretary or an assistant secretary, and sealed with the seal of the corporation. Such seal may be a facsimile. Where such a certificate is countersigned by a transfer agent other than the corporation itself or an employee of the corporation, or by a transfer clerk and registered by a registrar, the signatures of the president or vice president and the secretary or assistant secretary upon such certificate may be facsimiles. In case any officer who has signed or whose facsimile signature has been placed upon such certificate shall have ceased to be such officer before such certificate is issued, it may be issued by the corporation with the same effect as if such officer had not ceased to hold such office at the date of its issue." Report to Coi> SEC. 3. That section 1 of an Act entitled "An Act making approgress. priations to provide for the expenses of the government of the District of Columbia for the fiscal year ending June thirtieth, nineteen hundred and eight, and for other purposes", approved March 2, 1907 (34 Stat. 1119, 1133, ch. 2510) (D. C. Code, sec. 43-1206), be amended by delet-

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