Gambar halaman
PDF
ePub

&c.

and their successors and assigns in fee simple, or for any lesser estate, all such lands, tenements, heriditaments and estate, real and personal, as shall be necessary or useful to them in the prosecution of their works, and of suing and being sued, of having a common seal, the same breaking and altering at pleasure, and of doing all and every other matter and thing concerning the subject aforesaid, which a corporation or body politic may lawfully do.

Sec. 3. And be it further enacted, That Annual meetings of the the said company shall meet on the first Moncompany for day in January, in every year, at such place choosing dias shall be fixed by their bye laws, for the rectors, &c. purpose of choosing such officers as aforesaid for the ensuing year, in manner aforesaid, and at such other times as they shall be summoned by the president and directors aforesaid, at which annual or special meetings, they shall have full power and authority to do and perform any act by law allowed, and pertaining to the affairs of said company; and the president and directors for the time being, shall hold their offices until others shall be appointed in their places, and the said corporation shall not be deemed to be dissolved, by reason of any defect of officers, but if it should happen that there should be no president or directors competent to call a meeting of stockholders, the same may be called by any stockholder, for the purpose of electing such officers, giving thirty days notice of the time and place of such meeting, by advertisement in a newspaper, printed in the city of Washington.

Sec. 4. And be it further enacted, That the president and directors shall procure

[ocr errors]

Printed certificates to be the stockholders and ferrable.

delivered to

made trans

bers of the

printed certificates for all the shares of said stock, and shall deliver one such certificate, signed by the president, to each person for every share by him or her subscribed and held, which certificate shall be transferrable, at his or her pleasure, in person or by attorney, in the presence of the president, clerk, or treasurer, of said company, who shall witness the same, subject however to all payments due or to grow due thereupon: and the assignee holding any such certifi- Assignees to cate, having caused the assignment to be become mementered in a book of the company to be kept company. for that purpose, shall be a member of said company, and for every certificate by him held, shall be entitled to one share in the capital stock and estate of said company; and if any stockholder, after thirty days public notice in a newspaper printed in the City of Washington, of the time and place appointed for the payment of any portion or dividend of the sum subscribed in said stock, shall neglect to pay the same for the space of thirty days after the time so appointed, the share or shares on, which such delinquency has taken place may be sold at public auction, and transferred by them to any person or persons, willing to purchase Shares of defor such price as can be obtained; or in case stockholders any proprietor shall fail to pay any instal- may be sold ment which shall be duly assessed, such at public aucinstalment or any part thereof that shall remain deficient or unpaid, may be recovered of the person or persons, so failing to Deficiencies pay, by warrant from a justice of the peace, if the amount shall not exceed twenty dol- recovered by lars, and if the sum so due shall exceed warrants. twenty dollars, the same may be recovered

M

linquent

tion.

of instalments may be

Times and

places of the meetings of

the president

-their du

&c. &c.

by motion, in the name of the said com-
pany, on ten days notice, in any court of
record in the county or district where the
debtor may be found; or by action at law
in the usual course of judicial proceedings,
at the option of the said president and di-
rectors; and in all such warrants, motions
or actions, the certificate of the clerk or
recording officer of the said company shall
be conclusive evidence of the defendant's
being a member of the company, and prima
facie evidence of the amount due on the
share or shares held by such defendant.

at

Sec. 5. And be it further enacted, That the said president and directors shall meet at such times and places as shall be agreed upon for transacting their business; which meetings any three members shall ties, powers, form a quorum, who, in the absence of the president, may choose a chairman, and shall keep minutes of all their transactions, fairly entered in a book; and a quorum being met, they shall have full power and authority to appoint a treasurer and all other officers necessary or convenient, and agree with and appoint all such surveyors, intendants, artists, or other agents as they shall judge necessary to carry on the intended works, and to fix their salaries, wages or compensation; to direct and order the times, manner and proportions, when and in which the stockholders shall pay monies due on their respective shares; to draw orders on the treasurer for all monies due from the said company, and generally to do and transact all such other matters, acts and things as by the bye-laws, rules and regulations of said company, shall be required or permitted.

1

ers to be ap

ground for

certain the

Sec. 6. And be it further enacted, That Commission. upon application of the said president and pointed by the directors of the said company to the cir- court or cuit court of the district of Columbia, or washington judges of to the judges thereof out of court, the county to said court or the judges, or any two of the view the judges thereof out of court, shall appoint the roads, asthree commissioners not interested in any damages and of the lands through which either of the make report, said roads may be laid out, nor interested &c. &c. in the stock of the company hereby created, nor in the stock of any other turnpike company, who shall each receive from the said president, directors and company, two dollars for every day they shall respectively be actually necessarily employed in or about the affairs of the said company. And cachi of the said commissioners, before he proceeds to act as such, shall take and subscribe an oath or solemn affirmation, in the presence of a justice of the peace, "That he will well, faithfully and impartially, according to the best [of] his skill and judg ment, and without unnecessary delay, execute and perform all the duties required of him as a commissioner, under the sixth section of the act of Congress, entitled "An act to incorporate a company for making certain turnpike roads in the district of Columbia," which oaths or affirmations so subscribed and certified by the justice in whose presence they shall be severally taken and subscribed, shall be filed in the of fice of the clerk of the said circuit court, and enrolled among the land records of the county of Washington. And the said commissioners or any two of them, being qualified as aforesaid, shall, upon the request of

the said president and directors cause to be surveyed, laid out, ascertained, described and marked, by certain metes and bounds, each of the aforesaid turnpike roads, described in the first section of this act, not less than sixty-six feet in breadth, in such routes, tracts, or courses for the same respectively as in the best of their judgment will combine shortness of distance with the most convenient ground, and the smallest expense of money; and for this purpose it shall be lawful for them and such agents, assistants, servants or attendants as they may think proper to employ, to enter upon any of the lands through or near which the said roads or either of them, may be laid out; having first given twenty days public notice, in some newspaper printed in the city of Washington, of the time and place of their entering on the said business of surveying and laying out each road respectively. And if any proprietor of any part of the lands, through which either of the said roads may be laid out, shall require compensation for so much of his or her said lands as may be occupied by the said roads or either of them, or shall claim damages for or on account of the opening or laying out the said roads, or either of them, through his or her land, and if the said president and directors cannot agree with such proprietor respecting the same, then the said commissioners at the request of either party, shall appoint a day and place to hear and decide upon such claim, and the amount of compensation and damages which such proprietor shall be entitled to receive from the said president, directors and company, therefor,

« SebelumnyaLanjutkan »