Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1814-05-25

ments TOR the space OF ten days after the same
shall have become payable, every share on.
which such failure shall have taken place, shall
he forfeited To the company.
Sec. S. And be it further enacted, That the
subscribers for the said stock aud their sue
cessors, shall be, and they are hereby declared
to be body polite and corporate, BY the name
and style of The G.. orgetown Water Company.
and by that name shall have perpetual succes-
sion, and shall be capabie in law to sue and be
sued, plead and be inpIeaded, answer and be
answered., defend and be defended, in all courts
of ju,lic.ture or elsewhere, and to make use
OF one common seal. and the same to alter or
, renew 1t their pleasure. and generally to do
and perform ala things relative to the object oil
the institution which now is or shall be lawful
tor any individual or body polite or corporate
to do.
Sec. e. dad be IL, further enacted, That as
soon as three Thousand shares shall be subscri-
bed the commissioners hereby authorised to
receive subscriptions may call meeting OF the
stockholders, after giving not less than four
weeks notice in two newspapers published in
the District of Columbia and the stockholders
who shall so assemble in consequence of such
notice, or appear by proxy, shall choose by bal
lot from among the stockholders, BY apiur.iity
OF votes, twelve directors, who shall continue
in Office until the first Monday in April, one
Thousand eight hundred and fifteen, which day
every succeeding year thereafter election
ahaii be held for twelve directors as aforesaid,
who shall continue in office for one wear from
the time of their election, and until others he
chosen in their stead; and the said directors,
at their first meeting, shall choose from amongst
the stockholders president, and allow him
reasonable compensation for his services, who
shall also continue in Office tor one year from
the time OF his election and until another be
chosen in his stead, and in case of death, re-
moval, resignation or disqualification in any
way OF the president or any ofthc directors, tie
board may elect others to supply their place.
Sec Z. And be it further enacted, That in
choosing the directors all persons or bodie, po-
lite, holding stock in the said company, shall
vote agreeably to the number of shares they
may hold, in the following proportion. that is
TO says tor one share and not exceeding FIVE
shares, one vote each for every two shares
above i've and not exceeding twenty-five, one
vote |; for every five shares above twenty-five
and not exceeding fifty, one vote but no per.
son shall be entitled to vote more than twenty
votes.
Sec 8. dad be IL further enacfed, That the
said president and directors shall have full pow
er and authority to make all by laws, rules ard
regulations, for the well-ordering and con-
Quoting OF the business of the company, and
such bylaws, rules and regulations, to alter,
change and annul at theif pleasure; but every
| such bylaw, rule or reguia,i0 may be altered
Or repealed by the stockholders at general
meeting, to be called for that purpose by any
ten or more stockholders Provided That there
be present ut such meeting, stockholders hold.
| ing more than one half of the lid stock, or
their proxies, and that four weeks previous no
lice be given in two newspapers printed in The
District OF Columbia OF such meeting, and of
the alteration OF repeal intended 10 he proposed
Ihereat.
Sec. 9. And be it further ENACTED, That the
| said president and directors shalt have power
to appoint and remove at their pleasure, all
clerks, superintendent, agents. or other off,
GERS, necessary for carrying on the business OF
the said company, to dispose of Its funds or
| property in, the manner hereinafter directed,
| and out of the funds Of the said company to
pay the compensation Of all such agents, SUI.
perintendants, clerks, or officers, to make such
/ contracts, purchases, or agreements Of all such
| matters and things, in behalf Of the said com.
| pany, and of all such privileges, permissioos,
ri h end advantages of every kind and nature
whatever, as they shall judge necessary for
completing in an efectual and proper manner
The introduction, distribution and supply of
water to Georgetown, district Of Columbia,
with any individual companies, firms, or cor
porations, and TO use and dispose ct any sur
| plus wate. 10 the best interest and advantage
OF tue said company, sad all other contracts 10
rescind, alter, abridge and enlarge, with COR
sent OF the parties thereto respectively, and 10
iedsc, sell, convey, transfer, and bind by their
contracts, deeds and writings under the hand
OF the president and the seal OF the company;
| all the property, estate, COMMON stock, and
joint funds of the said company, subject TO the
ratification Of tine Stockholders or y majority
OF them, at some general meeting If the value
| Of the matter in question shall exceed fifteen
hundred dollars, but not the persons or separ-
ate property OF themselves, or any Of the stock
| holders.
Sec. 10. find be IL further enacted, That
the said corporation may purchase and hold
in fee simple or otherwise, all such lands and
real estates suitable for the erection of the
| necessary works, and that may be necessa-
ry in whole or in part, for the proper ac-
| complishnent of their undertaking, as they
| shall judge proper, and for that purpose may
direct from the usual course, at such place
| or places as they shall think fit, any stream
| or streams of water which they may think
suitable Tor the purpose, or any part or parts
thereof, ON the said corporations first obtain.
ing the consent of all persons having any
| right or interest in the stream or streams so
! to be diverted in whole or in part, or in the
| lands through which such stream or streams
may be intended to pass, after being so Iii.
| verified and the said corporation shall have
full power and authority to make and Law
! conduits or tunnels for the conveyance of
! the said water, under and along any public
| highway, or any street or streets, lane or
lanes, alley or alleys, of Georgetown, Dis
| trict OF Columbia, for the purpose of convey
| ing and distributing the said water, and the
| said conduits or tunnels, from time to time
i to renew and rt.uair. and for sur n t,.,rno..e