Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-02-11
MONDAY FEBRUARY, II, 1928.
HOUSE OF REPRESENTATIVES, Jan. 80

of the several Corporations Of the District Of
Columbia, and f,r other purposes" which
was twice read, and committed 10 the Com
mittee Of the Whole House, to which is com
mittrd the I" bill to amend and explain an act,
entitled San act Of the Legislature Of Virgil
MIA, Incorporating the Chesapeake and Ohio
Canal Company; and &C, Of The State OF
MARYLAND for the same purpose"
Be IL enacted 6y the Senate and House OF
Representatives ffhe United States Of IL
nserjcz ia Congress assembled, That the
CORPORATIONS Of Washington, Georgetown and
Alexan6ria, within he District Of Columbia,
shall, severally, have full power and au ,hofity
TO subscribe and pay for shares oftae stock OF
the Chesapeake and Ohio Canal Company; and
all such subscriptions as shall have been alrea-
DIV made by either Of the said Corporations,
shall, and the same are hereby declared 10 be
valid and binding on the said Corporations, re-
spectiveIy.
SEC 2 And be il further enacted, Tha, the
said Corporations shall, sevcIally, have power
and authority, from time 10 time, as the same
may be deemed by them, respectively, either
necessary or expedieni, to borrow money, al a
ny RATE Of interest, moi exceeding six per cen.
tum per annum, to pay their respective SUBJ
scriptions, and the interest accruing thereon,
10 the amount which they have subscribed, or
shall hereafter subscribe.
$50 8 And be il further enacted, That the
said Corporations shall, severaIty. have in adj
dition 10 The authority now vested in them, by
their respective charters or acts OF incorpora>
ton, power to assess, lay, and collect taxes on
al, or any Of the SUBJ Hcts upon which they are
n w empowered 20 levy taxes for Corporation
or other pur poses, and upon he consumption,
within tLeir respective Corporation limits, Of
anv coal, lime, lumber, or any other commodi-
ties, which shall have been brought to the same,
down the Chesapeake end Ohio Canal; so as to
meet, with The proceeds OF sue taxes, tie pay
men, OF tn interest, and the reimbursement Of
the principal, oG all such loans as may be made
in pursuance Of the authority vested in them,
respectively, BY this act.
SEC. T. And be il further enacted, That the
said Corporations shall be, and the sam are
hereby, respectively empowered 10 cause 10 be
constituted certificates OF stock for the sums
borrowed. in puI suauce of the authority seve-
rally vested IN then by this act, which cert'h-
Gates shall be signed by their respective Mays
ors, and eouutcr,ignrd by the Secretary of the
Treasury. The forgery of any such certificate
shall be punishable in like manner with The
forgery Of he certificates of the public debt OF
the United States.
G. ,.
said Corporations are, respectively, empowers
ed, with the appreciation Of the President of the
Uni States, TO employ an Agent or Agents,
For the purpose Of obtaining subscriptions 20
,he loan or loans authorizrd by this act, or Of
selling from time 10 time, the certificates o.
stock which may be created in pursuance
thereof, and TO fix the compensation OF such
Agent or Agents, which they shall respecuVely
paw, as well as all other expenses attending The
said loans, out of the proceeds thereof, or Of
any o:her funds which they may respectively
provide.
SEC. 8. And be it further ena' ted, That tax
OF the rate Of per centum on The assessed
value OF the real and personal estates within the
CITY Of Washington, as snail appear by the APP
praisement thereofmad under tie authority OF
the Corporation, or Of the several acrs OF Con-
eress, hereinafter declared TO be revived and in
force, within the said Corporation 10 be exls-
ting, at the time hereinafter limited for the col~
lection Of the said tax: and at the rate Of
per centum on the assessed value Of the real
and personal estate within the :own of George
town, as shall appear, by the p'aisement
thereof, made under the authority of the Cor
pora,ion, or of the set eral acts OF Congress,
hereinafter declared to be revived and in fotce,
within the said Corporation, to be existing at
the time hereinafter limited for the COLLECTION
oil the said tax, and u the rate ot---per
ceutum on the assessed value of the real and
personal estate within the town of Alexandria,
as shall appear, by the aapraisement thereof,
made under the authority Of he Cooperation oil
the said town, OF orthe several acts OF Congress,
hereinafter declared to be revived and IN force
within the said Corporation, to be existing a;
the time hereinafter limited for the collection
Of the said tax; be, and the same is hereby,
imposed and assessed on the real and personal
estate laying AMI being. in The said city aud
towns: and upon the failure OF the said corpora
tons, or Of any OF them, TO pay into the Trea-
sury of the United States, ninety days before
the same shall become due, 10 the holders o!
the shares or certificates of such ioa" Or loans
a, aforesaid, according to the terms and con-
di,ions thereof, the sum or sums, which they
or any Of them shall have respectively supa'a-
led 20 nav at the expiration of the period a
f3-s,aia, 50 ,hs, the same shall not be aseer-