Santa Fe gazette. [volume] (Santa Fe, N.M.) 1859-1864, 1864-09-03

orc AIlu Ut ~ lul lHcl 0IuNbNuI 1 HnN
nothing in this act shall be so construed us
to authorize said body corporate to iSsue
any note, token, device, scrip, or other evil
deuce Of debt to be used as currency.
Sec $. And be it farther enacted, That
the capital stock If said company shall be
not less than two nor more than five han
dred thousand dollars, aud that the stock
shall be divided into shares Of fifty dollars
each, and shall be deemed personal proper
ty transferable in such manner as the by.
laws ofad company may direct,
Sec Aad he it further enacted, That
the said company shall place tirst-cIass
cars on said railways, with all the modern
improvements for the convenience and
comfort Of passengers, and shall run cars
thereon dnrirg the day as often as every
four minutes on the route from the Capitol,
via the Baltimore and Ohio railroad depot
aud departments to the Circle; and on the
other routes once in fifteen minutes each
way, and until twelve O'Clock at night as
often as every half hour; and throughout
day and night as much ottener as public
convenience may require.
Sec 10. And he ii fu thcr enacted, That
said company shall procure sub passenger
rooms, ticket Offices, stables, and dcpOtS at
such points as the business Of the railroad
and the convenience Of the public may re-
quirc And the said company is hereby
authorized to lay such rails through trans
verse or other streets as may be necessary
for the exclusive purpose Of connecting the
said stables and depots with the main
tracks And the said company is hereby
authorized to purchase or lease such lands
or buildings as may be necessary for the
passenger rooms, ticket Offices, stables aud
doputs above mentioned.
Sec Ii. Aud bo it further enacted That
ali articles Of value that may he inadver.
tently left in any Of the cars or other vcchi-
cles OF the said company shall be taken to
their principal depot and entered in book
Of record Of unclaimed goods, which book
shall be open TO the inspection Of the pub
lie at all reasonable hours Of business
Sec. H. aud be it further enacted That
wilkins five day after the passage of
this act, the corporator5 named in the first
section, or majority Of them, or il any
refuse or neglect to act then majority Vi
the remainder, shall. cause books OF sub
scIiption 10 the capital stock Of said com.
pony to be opened and kept open, in some
convenient aud accessible place in the city
Of Washington, from nine o'clock in the
forenoon till five o'clock in the afternoon,
for period to be fixed by the corporators,
not less than two days, iunless the whole
stock shall be sooner subscribed for, and
said corporators shall give public notice,
by advertisement in the daily papers pub.
i,hcd in tho city of Washington, of the
time when and the place where said books
shall be opened. And subscribers on said books
to the capital stock Of the company shall
be held tn be stockholders: Provided, That
every subscriber shall pay at the time Of
subscribing twenty-five per eentnm of the
amount by him subscribed to tue trcAsur-
cr appointed by the operators, or his sub
Scripion shall be null and void: Provided
further That nothing shall be received in
payment OF the twenty-five per cenlum at
the timc u subscribing except money: Pro.
vidrd, further That 10 person shall be a.
lowed tn subscribe for more than fifteen
thousand dollars And when the books Of
subscription to the capital stock OF sSid
company shall be closed, the cOrporatoro
named in the first section, or u majority Of
them, and in case any Of them refuse or
neglect to act, then a majority Of the
remaiuer, shall, within twenty days
thereafter, call the first meeting Of the
stockholders Of said company to meet with
in ten days thereafter for the choice of d.
IreclorS, Of which public notice shaI be
given for 6ve days in two public ncwspup-
els published daily in the city Of Washing
ton, or by written personal notice 10 each
stockholdrr by the clerk Of the corporation,
And in all meetings of tho Stockholders
each share shall cntitIe the holder to one
vote, to he given in person or by proxy.
Sec. l3 And be it further enacted, That
the government and direction of the affairs
Of the company shall be vested in the board
Of directors, seven in number, who shall be
Stockholders, aud who shall hold their Of
iyc for one year, and till others are duly
elected and qualified to take their places
as directors. Aud the said directors "a
majority Of whom, the president heiug one,
shall be quorum shall elect one of their
number to be president of the board, who
shall also be president Of the company; aud
they shall also choose treasurer, who shall
give bonds with surety to said company,
in such sum as the said directors may re-
qmre, for the faithful discharge Of his trust.
In case of vacancy in the board of direc-
tors by the death, resignation, or otherw-
Sc, of any director, the vacancy occasioucd
thereby shall bo filed by the remaining d.
rectOrs. .....
Sec. IA And he it further enacted, That
the directors shall have full power to make
and prescribe such bylaws rules, and re-