Nebraska advertiser., 1862-06-12

EN
fhs SAIL company is her By authorized 30 lay
such rails throngh trtnsvsze OF other streets
As may be nee=Fsary Cor the exclusive purpose
of connecting be said Stables and depots with
the main tracks Aud the sail ~cempany IS
hegsby authorized to PURCHASE OF lease such
lands or buildings as may be necessary for the
pass niger rooms, ticket Offices stables, and
depots above mentioned.
See. il. And be il further enacted. That
all articles of value that may be iHadveFtedt-
" left in any Of the cars OF other vehicles Of
the said company shall be taken to their prin.
cipai depot and entered in a book OF record Of
unclaimed goods, which book shall be open to
the inspection of the public at all reasonable
hours Of business.
Sec. II. And be it further enacted. That
said corporation shall on demand Of the Pres
dent OF the United States, Secretary Of War,
or Secretary Of tbe Navy, cause 10 be trans
ported over said railway and freight cars laden
with freight for the use Of the lifted States
the officers causing such service to be- done
shall pay reasonable compensation theEefos =
Sec. IS. And be Il further enacted, That
within five days alter the passage of this act
the corporations named III the hrst section, or
a majority Of them, or if any refuse or neglect
to act, then a maiOrity Of the remainder shall
cause books Of subscription to the capital
stock Of said company to be opened and kept
open, in some convenient aud accessible place
ia the city Of Washington from nine O'Clock
in the forenoon ill five o'clock ina.the after.
noon, fora period to-be fixed BY said corpo-
rators, not less than two days, and said cor
porators Shall give public notice, by advertise
ment in the daily papers published in thecity
Of Washington, OF the time when and tbs
place where said books shall be. opened, sad
Subscribers upon said books to the capital
stock of the company shall be held to be
stockholders Provided, That every stock
holder shall pay ut the time Of subscribing
twenty five per centnm Of the anloaHtby him
subscribed to the treasurer appointed By the
.corpcrators, or his subscription shall be null
and void. If at the end Of two day a larger
amount than the capitol stock Of said cOm-
panv shall have been subscribed, the books
shall be closed, and the said corporators DauTee
in the first section shall forthwith proceed to
apporti5n said capitl stock among the sub
scribers pro rata, and make public prOclama-
ton Of the number Of shares allotted to each,
which shall be done and completed on the
same dag that the books arc clossi Provtl-
ed, further, That nothing Shall Re received in
payment OF the twenty-five per centum at the
time Of Subscribing except money OF cheeks
or certificates Of deposit endorsed ''gopP' by
the presilent OF. cashier Of some gOod.sclyent
bank or banks. AID when the books OF sub
s~cFiptiOu to the. capital stock Of said company
shall be closed, the corporators PANIED in the
first section. or n majority of them, and IN
case OF their refusing or hegleeting 10 act.tien
a majority Of me remainder shall, within
twenty DAYS thereafter, cali the first meeting
of the stockholders of sad compiuy, &c aleet
within ten days thereafter, for she choiee of
directors Of which public notice shall DC given
for I'VE DAYS 81 Two PubEie nevr-Tsopsr, pssb-l
iished daily in the city Of Washington. or BY
written personal notice. to each stockhollcr by
the clerk Of the corporation; and in all meet
ings of the stockholders each share shall en-
title the holder to- ons vote, to be given in
person or by proxy.
Sec. IA. And be it further enacted. That
the government and direction Of the affairs 0i
the company shall be vested in the board Of
directors, seven in number, who shall be
stockholders and who shall hold their office
I'll nthars- ora dnls alsetsds
and qualified to take their places as directors;
and the said directors Ca majority Of whom,
the president being one, shall be a quoFum)
shall elect one, of their number to be- presideu
of the board who shall also be president Of the
company ; and they shall also choose a treas
urer, who shall give bonds with surety to said
company, In such sum as the said directors
may require, for the faithful discharge of his
trust. In case of a vacancy in the board Of.
directors by the death, resignation, or other
wise, Of any director, the vacancy OccasiOned
thereby shall be filed by the remaining d.
rectors. EEEIlfT TTt tnT
SEC. 10. And be it further enac.sl, That
the directors shall have full power to make
and prescribe such by laws, rules and ~regufa
tons, as they shall deem needful and proper
touching the disposition and managem ent OF
the stoek3 property, estate, and effects Of the.
company, not contrary 70 the charter, or to the
laws Of the Uni'ed States, and the ordinances
Of the cities of Washington and Georgetown.
SEE. 16-And be It fGrthcr enacted, That
there shalTbe an animal meetingof the stock
holders for choice Of directors, to be holden n:
such time and place, undersuch conditions,
and upon shch notice, as the said company in
their bylaws may prescribe f; and said direc-
tors shall; annually make a report IN writing
Of their 7d6ings 70 the STOCKHOLDERS aud to
Congress.
SIC. II. And be il further enacted, That
the Mayor, Common Council aud the several
officers Of the corporation Of the cities Of
Georgetown and Washington, and the said
Corporations are hereby prohibited from doing
any act or thing to hinder delay, or obstrnet
the construction or operation of said railroad,
as herein authorized 3H)f5Ll -
SEC. Is. And be it further enacted, That
Tie said company shall have at all times the
free and uninterrupted use Of their roadway
and if any person or persons shall willsliy
and unnecessarily obstrnct or impede the pas
sage on or nvcr said railway, or any part there
Of, or shall iHjure or destroy the ears, or de-
pots, stations, or any property belonging to
SAID railroad company, the person or persons
so offending shall furfsiE and pay for every
such OiFebce the sim of five dollars to sad
company, and shall remain liable, iu addition
TO said penalty, for ally loss OF damage Occa-
stoned by his, her, or their act, as aforesaid
but no suit shall be hrough; unless commence
ed within sixty DAYS alter such offence Shall
have been commit;el. 0f II
SEC. 10. And be It further enacted. That
uniess said corporations shall make and COM
plete their said railways between the Capitol
and Georgetown within sixty working days
from and after the comphy Shall have been
organized. and rum the Capitol 10 the Navy