The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-07-25
OFFICIAL.

OE Il IOtx -
- 80 g., tho said asyun and the pan VI nne 1u an5
mos and the rules and U.s., sboI he made byS the
internal % NAV do all other acts necessary ior
ta Government and in erests nj no selection of site
thorized; fTor'a' dontIon of any plan OF ouiidings
Tor sara ssy ad mon until after the sum o. n @
WI a IL shol have been first snpsea u
paid into the trease ber enacted, That the officers OF
oL e. !, sba consist of governor, " si III
rnor secretary and treasure a;cers of the volunteer
be appointed iro .,s he appointed and removed from
Service anu @ the interests of the INSTITUTION may re-
quire by the board q Enacted That the following
SEC ana sS Oe he entitled the benefits OF the asy
persons J NAV he admitted thereto upon Tue "ten
ation nj The board of directors n ha served during
ua.on " itiers and seainen who nave efIu e.s
ofhcers, soiue ho have been who may oe totaiy
se nv wounds received or sicf ness ha,n;u 10
tha line Of their duty and sucn t nensions
mates OF is hev shall remain therein and receive Its
| during the time lnes 'N
| benefits. . s,tor snoctsd That the directors
bai make an annual report of me cona,,1 ~ o u
sla in my Va nanartmept which shall De commune
Gated 10 Congress on the first Monday Of every v
after the passage Of this act and ~ sa ~ cconnt; of
a. said directors TO examine and aunt the a0e9 80
me sao of his asyum quarterly and to visit ana
| insnect them at least six times year. nm =. -, ,r,o+az
| Sec 10 Aad be it further sndcea' la t wade Asuh
Of The asvlm shall be- and they are hereby, i'auo
o. .i,e ~. ,oS and articles Of war and wi be GOV
erned thereby in the same manner as IL thsy "e'e ~
army or navy of the United States. u NAV
| Src IL And be IL further enacted, That Congess ""'
nj onv time hereafter alter amend or repeal this act
| Approved, March D. i'o''
An ACT to incorporate the Freedman Savings anu iiu''
| " NV Company.
Re- II enacted by the Senate and House Aep'ssenaess
f he Hnjted States of Ameyied IN Congress assenloea'
That Peter Go'P Charles S Marshal William A. Booth
sarr;tt SMITH William A. Hail. William Allen, John
Law Abraham Baldwin, A 5. Barnes Hiram Barney, sea
r. Hunt Samuel Holmes Charles Collins, N. n; ul V
W,itar (irtitb A. II. Wallis, D. $. Gregory W. AL
yord George WhippIe A. s. Hatch, Walter T. Hatch A.
Lambert, W. q. Lambert Roe Lockwoods n. IL planning.
| n w Rones Albert Woodruff, and Ihos: Dewey, Oh
Now yory John NJ. Forbes, VIM. Claim, 81 u. Howe,
George L. stearns, Edward Atkinson, A. A: Lawrence,
and John s. Williams, Of nassac 1a,and saWha
| Golwel ]. Wheaton Smith, Francis f. Cope, bomas
Webster b s. Hunt and Henry Samuel OF pennsylvania;
Edward Harwood Adam Poe, Lew Conn, .; w. Maiaon'
ohio and the, successors constituted BODY cor
norate in the city of Washington, in the District OF
Columbia, by the of The Freedmen savings ana
Trust Company and by that name may sue ana % sueu
| in apy Court OF the United States. ,
Src . And be it further enacted That the persons
named in the first section of this act shall De the ntst
trustees OF the corporation and ai vacancies W uea,
resignation or otherwise in the 0lhce oil trustee sha Ne
filled by the board by ballot, without any unnecessary
lay and at least votes shall be necessary ior me
election of any trustee The trustees shall hoia
meeting at least in each month"; to receive reports
of their officers the affairs OF the corporation ana 10
transact such business as may be necessary ana any
trustee emitting to attend Tie regular msegs OF Tue
board for six months In succession, may hereupou pe
considered having vacated his place, ana successor
may be elected to fill the same, -
SEC 8. And be it further enacted, That the business OF
the shall be managed and directed by the
board Of trustees who shall elect from their number
president and vice-presdens: and may appoint Sue
herofcers they fit; nine OF the trustees o Whom
the president of the ycepresdents shall be one,
shall form quorum for the transaction OF business at
regular dourned meeting of the board OF trustees
and the affirmative vote of at least seven members OF the
board shall BIO requisite in making any order for, or
authorizing the investment of any moneys, or the sale
transfer of any stock securities belonging to the
corporation the appointment Of any officer receiving
| any salary thereffOn.
SEC l. And be it further enacted That the board Of truss
tees of the corporation shall have power from tme |"
time to make and establish such bylaws and regulations
they shall Judge proper with regard to the elections or
officers and their respective functions, and generally for
the management of the affairs of the corporation pro-
vded such bylaws and regulations are not repusnant to
this act or to the constitution or laws Oh the United
States.
See s. And be IL further enacted That the general
business aud object of the corporation hereby created
shall be receive deposit such sums Of money may
be from time time offered therefor by, or on behalf Of
persons heretofore held in slavery in the United States,
their descendants andinyesng the same in the stocks,
, States
SEC. O. And belt further enacted That it shall be tho
duty of the trustees of the corporation to invest as soon
practicable in the securities named In the next pre-
ceding section, all sums received by them beyond an
available fund.- not exceeding one-thrd of the total
amount of deposits with the corporation at the discretion
of the trustees which available funds be kept by the
trustees to meet current payments OF the corporation
and may by them be left deposit at interest other
wise, or in such available form as the trustees may
direct.
SEC. And be IL further enacted, That the corpora
tion may under such regulations the board of trustees
shall from time to time prescribe receive any deposit
hereby authorized to be received upon such trusts and
for such PURPOSES not contrary to the laws Of the United
States, may be indicated in writing by the deposi-
tor, such writing to be subscribed hy the ppOsi-
tor and acknowledged or proved before any officer
in the civil military service OF the United States the
certificate of which acknowledgment proof shall be
Endorsed on the writing: and the writing acknowledged
or proved shall accompany inch deposit and be filed
among the papers OF the corporation, and be carefully
preserved therein and may be read in evidence In amy
court or before any judicial officer of the United States
without further proof and the certificate Of acknowledge
ment or proof shall be prma face evidence only Of the
due execution Of such writing.
SEC s. AndbeH further enacted That all sums received
on deposit shall be prepaid to such leposor when re-
qured, at such time, with such interest, exceeding
seven per cenum per annu and under such regulations
as the board of trustees SHALL from time to time pre-
SCRIBE which regulations shall be posted up some con-
spicuous place in the where the business of the
corporation shall be transacted but shall not be altered
SO as to affect any deposit previously made.
SEC g. 1nabe further enacted, That all trusts upon
which, and all purposes for which any deposit shall be
made and which shall be indicated in the writing to
accompany such deposit shall be faithfully performed by
the corporation unless the performing of the same ia
rendered impossible.
when
postor shall die the funds remaining on deposit with the
corporation to his credit and all accumulaons thereof
snail belong and hepad to the personal representatives
Oh such Deposition in case he shall have left last will and
testament; and in default of last will and testament or
oil any person qualifying under last will and testament
competent to act as executor the corporation shall be
entitled IN respect to the funds remaining on deposit
10 the credit OF any such deposor to administration
thereon IN preference to all other persons and letters
administration shall be granted the corporation accord
hgy In the manner prescribed by law In respect the
granting OF letters of administration with the will
| nexed, and in cases of intestacy.
SEC IL. And be further enacted That In case of the
ueath OIL any depositor whose deposit shall be held
upon any trust created pursuant to the provisions herein
before contained where it prove impossible to
ecute such trust 81 all be the duty of the corporation
TO make dgent efforts to ascertain and discover whether
such deceased deposor has left husband wife or chill
dren surviving and the corporation shall keep record
OF the efforts so made and of the results thereof and in
case no person lawfully entitled thereto shall be- iscoy
ere or shall appear claim the funds remaining to tho
credit OF such deposor before the expiration of two
years rom the death of such deposor shall be lawful
Tor the corporation to hold and invest such funds az
separate trusund, to be applied with the accumuations
thereo TO the education and Improvement of persons
heretofore held in slavery, their descendants being
ihhabants OF the United States, In such manuer and
through such agencies the board of trustees shall deem
best calculated to effect that objects Provided That if
any dspositor BIO not heard from within five years from
OF his last deposit the trustees shall advertise
the sn some paper of general circulation in tho state
where the principal Office Of the company is established
and also in the state ure the principal office of the com.
pdny is established and also in the state where the de-
positor last heard from and ii within two years
thereafter such depositor shall not appear husband
wife, or child of such deposor to claim his deposits
they shall be used by the board Of trustees herein.
| before provided for in this section n
SEC. IL. And be further enacted That no president