Delaware State journal and statesman., 1864-04-19
[PuBLIo-No. 4o.1

lAubLio-NOs tusl
An ACT to incorporate the Union Gaslight Com
pany Of the District of Columbia.
Be Il enacted By he Senate and House Of Repre-.
ssnfatiUss Of The United States Of america IN Con-
gress assembled, That Sayles J. Bowen William
Elmer, William Bates, Robt. W. Milbank, Andrew
Nj. Kinney, William II. Baldwin, u. ID. Gilman,
D. G. Forney, s. P. Brown, John Green, and
Gamaliel Gay, and their associates and assigns,
be and they are hereby created body corporate,
under the name of "The Union Gaslight Com
pany of the District of Columbia" with authori-
ty to manufacture and sell gas, to be made Of
coal, zinc, OIL tar, pitch, peat, turpentine, or
other material, and to be used in lighting the
city of Washington and the streets thereof, and
any buildings manufactures, or houses therein
situated, and to 10y maius and pipes for the pur-
pose Of conducting gas in any Of the avenues,
streets, lanes, or alleys Of the said city: Pro-
uidsd, however, That the said company shall so
conduct the manufacture, and lay said mains
and pipes, as not to create nuisance or niurk
either private or public property: And PROVIDED,
further, That the said mains and pipes shall be
laid subject to such conditions and in com
piance with such regulations as may be pre-
scribed by the municipal authorities OF the city
Of Washington and the right to erect and esiab-
lish any buildings, apparatus, or machinery for
the manufacture of gas, shall be subject to such
regulations and restrictions as may be from time
to timo prescribed by the said municipal au-
thorities Of Washington.
Sec .. And be il FURTHER enaeisd, Thai the
capital stock Of the said company shall not he
less than five hundred thousand, nor more than
one million dollars, aud 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 US the bylaws of
said company may direct.
See. g. And be il further enacted, That within
six days after this act is approved by the Presi-
dent of the United States, the eOrporators named
in the fret section, or o majority Of them, or, II
any refuse or neglect to act, then q majority of
the others. shall cause books of subscription to
the capital stock of said company to be opened
and kept open in some convenient place in the
city Of Washington, from nine o'clock in the
forenoon till three o'clock in the afternoon, for
period of not less than three days, and as much
longer as the said corporators shall prescribe,
and the said corpOrators shall give public notice
of the time and place of opening said books Of
subscription, by advertisement thereof in the
daily papers published in the city Of Washing
ton, and subscribers to the capital stock of said
company shall be held to be stockholders: Pro-
Vidtd, That every subscriber shall pay at the
time OF ubsoribing twenty-five per centum 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 prescribed, and twenty-five per
centum thereof paid as aforesaid, the said cor
porators, or a majority of them, and in case any
refuse to act, then a majority of the others,
shall, within fifteen days thereafter, call the first
meeting of the stockholders of said company, tC
be held at some convenient place in the city OIL
Washington, for the election Of directors, Of the
time and place whereof notice shall be given fol
at least FIVE days in at least two daily papers
published in the city of Washington, or by writ
ten notice thereof, signed by one or more of sale
oorporators, and personally served on each stock
holder, and in all meetings of the stockholders
each share shall entitle the holder to one vote
to be given either in person or by proxy.
Sec. 8. And be il further enacted, That th,
government and direction of the affairs Of th
company shall be vested 10 the board of direc-
tors, composed of seven members, who shall b.
stockholders, and who shall hold their Office 70
the term of one year, and until others arc dul,
elected and qualified to take their places as di
reotors and the said directors shall elect on
of their number to be president Of the board
who shall also be president of the company, aul
a majority of the board shall constitute quorum
to do business aud they shall choose q treasur
er, wbe shall give bond with sufficient surety I
said company, in such sum as the said director
may require, for the faithful discharge Of hi
trust. In case Of vacancy in the board of di
rectors by death, resignation, removal refust
to net, or otherwise, the vacancy occasione
thereby shall be filled by the other directors.
Sec. 9. And be il further enacted, That ther
shall be an annual meeting of the stockholders
for the election of directors, to bo held at sue
time and place. and under such rules and regu
lations, as the said company in their bylaw
shall prescribe, and the directors shall make o.
annual report in writing Of their proceedings I
, the stockhoders.
} Sec 7. And be Il further enacted, That the di
, rectors shall have iull power to make oil sue
by-lawa as they shall deem necessary for u
regulation, management and dlsposltion OF th
Q stock, effects and property of the said compan.
j and for the proper execution Of the business
the company, so as the same shall not be contral
: to this charter, to the laws of the United State
i or to the ordinances Of the city of Washington
e Sec. 8. Ald belt further enacted, That nothir
Q in this act shall be so construed as to authori
d the said company to issue any note, token, d.
s vice, scrip, or other evidence Of debt to be use
r as q currency.
Sec. 8. And be IL further enacted, That If aI
&, person or persons shall wilfully destroy, or,
n anywise, iDjure the mains, pipes, apparatus,
e other works, property, or sppurtenances 6elon
% ing to and used by said company in maautactu
8 ing gas or in furnishing the same to consume
: thereof the person or persons ~ Qnepdlpg NhA