Charles City Republican intelligencer. [volume] (Charles City, Iowa) 1861-1864, 1864-05-19
OFFICIAL.
LAWS OF THE UNITED STATES,
Passed at the First Session Of the Thirty
Eighth Congress.
GPUBnC--No. 40. /


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PUBIlc-No. 40
AN ACT to incorporate the Union
Gaslight Company of the District
of Columbia.
Bet enacted By the Senate and House
Of Representatives of the United States of
America m Congress assembled, That
sayles J. Bowen, William Elmer, Viii,
Ham Bates, Robert w. Milbank, An.
drew NJ. Kinney, William IT. Baldwin,
y. d. Gilman, ID. g. Forney, s. P
Brown, John Green, and Gamaliel Gay
and their associates and assigns, bt
and they are hereby created a body
corporate, under the name of 1.-The
Union Gaslight Company of the Dis.
trict of Columbia" with authority to
manufacture and sell gas, to he made
of coal, zinc, oil, tar. pitch, peat, tur-
pentine, or other material, and to be
used in lighting the city Of Washing
ton and the streets thereof, and any
buildings, manufactures, or houses
therein situated, and to lay mains and
pipes for the purpose of conducting
gas in any of the avenues. streets,
lanes, or alleys of the said city: Pro
rided, ho,rcrer, That the said company
shall SO conduct the manufacture, and
lay said mains and pipes. as not to
create nuisance or injure either pri.
vate or public property: And prOri-
ded, further, That the said mains and
pipes shall be laid subject to such con.
ditions and in compliance with such
regulations as may be prescribed by
the municipal authorities Of the city
Of Washington and the right to erect
and establish any buildings, appara-
tus, or machinery for the manufacture
Of gas, shall be subject to such regn-
lations and restrictions as may be
from time to time prescribed 10y the
said municipal authorities Of Wash
ington.
Sec 2. And be II further enacted,
That the capital stock Of the said
company shall not be less than FIVE
hundred thousand, nor more than one
million dollars, and that the said stock
shall be divided into shares of one
hundred dollars each, and shall be
deemed personal property and be
transferable in such manner as the by
laws of said company may direct,
Sec. 8. Aid be it further enacted,
That within six days after this act is
approved by the President of the
United States, the corporators named
in the first section, or majority Of
them, or. if any refuse or neglec, to
act. then a majority of the others,
shall cause books of subscription to
the capital stock of said company to
be opened and kept open in some con-
vcnient place in the city Of Washing
ton, from nine O'Clock in tho forenoon
till three o'clock i'm the afternoon, for
a perioca. C. not less than three days,
aud as much longer as the said corpo.
rators shall prescribe, and the said
corporators shall give public notice of
the time and place Of opening said
books OF subscription. by advertise.
ment thereof in the daily papers pub
hshed in the city of Washington, and
subscribers to- the capital stock of said
company shall be held to be stock
holders Prortdcd, That every sub
scriber shall pay at the time of sub
scribing twenty-five per cebtum Of the
amount subscribed by him TO the
treasurer who shall be appointed by
the said corporators to receive the
same, or his subscription shall be null
and void.
Sec, 4. And be IL further enacted,
That when the minimum amount OF
the capital stock of said company, as
prescribed in the second section, shall
have been subscribed, and twenty. FIVE
per centum thereof paid as aforesaid,
the said corporators, or majority of
them, and in case any refuse to act,
then majority of the others, shall,
within fifteen days thereafter, call the
first meeting of tho stockholders OF
said company, to be held at some con-
venient place in the city Of Washing
ton, for the election Of directors, Of
the time and place whereof notice
shall be given for at least five days in
at least two daily newspapers pub
lished in the city Of Washington, OF
by written notice thereof, signed by
one or more Of said corporators, aud
personally served on each stockholder
and in all meetings Of the stockhold.
ers each share shall entitle the holder
to one vote, to be given either in per-
son or by proxy.
Sec 5. And be it further enacted,
That the government and direction OF
the affairs Of the company shall be
vested in the board Of directors, COM
posed Of seven members, who shall
be stockholders, and who shall hold
their Office for the term Of one year,
aud until others are duly elected and
qualified to take their places as direc-
tors; and the said directors shall
elect one of their number to be presi-
dent of the board, who shall also be
president Of the company, and a ma
| iority of the board shall constitute a
quorum to do business /; and they shall
choose treasurer, who shall give
bond with sufficient surety to said
company, 10 such sum as the said di.
rectors may require. for the faithful
discharge OF his trust. In case of a
vacancy in the board Of directors by
death. resignation. removal. refusal to
act, or otherwise, the vacancy occa-
stoned thereby shall be filled by the
other directors
Sec. 6. And be 1t further enacted.
That there shall be an annual meeting
of the stockholders. for the election of
directors, to be held at such time and
place, and under such rules and regn-
lalions. as the said company in their