Delaware patriot & American watchman., 1828-07-11

such proportions, as shall be required ol ana pau
BY the stockholders, generally, by the rules and
regulations OF the company, out Of the ulNidehhs
which may accrue to the United States upon
their Bank Stock in the Bank Of the United
States: Prorided That rot more than one-tith
part of the sum, subscribed ior the u>e oi the
United States, shall be demanded, i'll any one year
after the organization of the SAID COMPANY nos
shall any greater sum be paid on the shares so SUD
acrbed for, than shall be proportloncd to assess
ments made on individual or corporate stockhold-
ers: find prouided moreover, That. for the supply
of water to such other canals as the State OF Ma
ryand, or Virginia, or the Congress ot the United
States, may authorize to be constructeds 10 con-
nexion with the Chesapeake and Ohio canal, the
section Of said the canal leading from the head OF the
Little Falls Of the Potomac river. to the proposed
basin, next abnSe Georgetown, in the District OF
Columbia shall have the elevation, above the tide.
of the river at the head Of the said Falls, and
shall preserve, throughout the whole section afore-
said, breadth. at the surface OF the water, OF not
less than sixty feet and depth, below the same,
of not less than five feet, with suitable breadth
at bottom.
Sec. 2. .4nd be it further enacted, That the
said Secretary of the Treasury shall vote tor the
President and Directors of the said Company, ac-
cording to such number OF shares as the United
States may at any time hold in the stock thereof,
and shall receive, upon the said stock, the proper.
tion Of the tolls which shall, from time to time,
be due to the United States for the shares atore
said; and shall have and enjoy, in behalf OF the
United States. every other right OF q stakeholder
in the snid Company.
A. STEVENSON
Speaker Of the House ot Representatives
S. SMITH,
President of,he Senate, pro tempore
fs JOHN QUINCY ADAMS.
-
49, 1ra ,.oc4
raj Cop stions of the District OF Columbia, and tor
other pui poses,
BE it elacted by ths Senate and Kousf of Re-
prpsentutireS of the United States Of .l,nerca in
Congress assembled, That the Corporation Of
Washington, the Corporation Of Georgetown, and
the Corr GRAFTON of Alexandra, within the lis.
trict Of Columbia, shall, severally, have full pow.
er and authority to subscribe and pay for shares Of
the stock Of the Chesapeake and Ohio Canal Com
pany and all such Subscriptions shall have
been already made by either OF the said Corpora
tons. shall, and the same hereby declared to
be valid and binding on the sand Corporations, re-
spectively.
Sec. 9. .4nd be it further enacted, That the said
Computations shall, seyerally, have puver and al
thority, from time to time, the same may be
deemed by them, respectively, either pecessary oI
expedieat, to borrow money, at any rate Of inter,
est, not exceeding six per cehun per annuni, e
pay their respective subscriptions and the intere,
accruing thereon 90 the amount which they ha,,
subscribed, or sha hereafter subscribe
See. g. And 5e it further enacted. That the SAT-
Corpora ions shall be, and the same are hereby
respectively empowered to cause to be cunstitu
ted certificates Of stock fur the sums borrowed i
pursuance Of the authority severay vested i
them by this act; each ot said certificates sha
be Of tue fern following, to wit:
City or Town ere Insert the title ofthe Ci'yor rown
Mayors Office.
BE It known, That there is due from the Corporation
the Cry tnwn there insert the title ct the City or Tow
ot unto here nse,t the OF the ledtof,]
ns.Ens, the OF here insert the amount in dollars hes
ing interest At there inse the rate Of Interest," per
per snnum, from the day oi -, eighteen hundred a.
-, .nclusiyely, payable quarter yearly the prncif
above mentioned is to be paid On the - day
-, in the year eighteen hundred and - vii
det recorded in this Office and irsnsferable only
appearance in person. or by attorney, at this ufh,e
in testimony whereof have hereunto subscribed my
and caused he seal Of the said City to be affixed
-, Register, or other Recording Officer of
Corporation
A list Of all such certificates. denotng their
spective numbers, dates, and sums, and the p
sons TO whom the same shall have been issued,
Ihenticated by the Mayor, subscribing the san
shall te deposited by said officer at the time
subscribing the same, or within ten DAYS there
eer, with the Secretary OF the Treasury Of
United States.
The said certificate shall not Ee issued, in a
case, for a less sum, each, than one hundI
dollars The forgery of any such certificate,
of any transfer thereof, or of any power of att
ncy purporting to authorize each transfer, shall