Charles City intelligencer. [volume] (Charles City, Floyd County, Iowa) 1864-1866, 1865-06-08

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board of directors shall have authority to pro-
cure for early use, at suitable place, site for
military asylum for officers and men Of the
volunteer forces Of the United States who have
been OF may hereafter be totally disabled by
wounds received or sickness contracted while
IN the line Of their duty during the present re-
bellio0; and to hsxe the necessary buildings
erected, having due regard to the health of the
location, facility Of access, and competency TO
accommodate the persons provided for in this
oct.
Sec. 8. Ind Be IL further enacted, That for
the establishment and support of this asylum
there shall be appropriated all stoppages OF
hnes adjudged against volunteer officers, sol.
dicrs. or seamcn by sentence of courts-martial
or military commission, over and above the
amounts necessary for the reimbursement oil
the government or of individuals, all forfeit.
ures on account of desertion from the volun.
teer service, and all moneys due deceased vol.
unteer Objects, soldiers, or seamen which now
are, or may be, unclaimed for three years after
the death of such officers soldiers, or seamen,
to be repaid upon the demand of the heirs OF
legal representatives of such deceased officers,
soldiers, or seamen. And the said directors
are hereby authorized to receive all donations
of money or property made by any person or
persons, for the benefit of the asylum, and to
hold or dispose of the same for its sole and ex-
elusive use.
Sec 6. And be IL further enacted, That the
selection of the site for the said asylum, and
the plan of the buildings, and the rules and
regulations for the general and internal direc-
tion Of the asylum, shall be made by the d.
rectors, and they may do all other acts neces-
sary for the government and interests of the
same as hereby authorized: Provided, ho,cecer,
That no selection of site for said asylum or
adoption of any plan of buildings shall be
agreed upon until after the sum of half mil.
lion of dollars shall have been first subscribed
or donated and paid into the treasury of said
corporation.
Sec. 2. And be it further enacted, That the
officers of the asylum shall consist of gov
ernor, deputy governor, a secretary and a
treasurer, and such officers shall be appointed
from the pensioned officers of the volunteer
service, and they may be appointed and re-
moved from time to time. as the interests of
the institution may require, by the board of
directors.
Sec 8. And be it further enacted. That the
following persons only shall be entitled to the
benefits of the asylum, and may be admitted
thereto upon the recommendation of the beard
of directors. namely: all volunteer officers.
eoldiers, and seamen who have served during
the present war. who have been or who may
be totally disabled by wounds received or sick
ness contracted in the line of their duty, and
such persons on becoming inmates of this asy-
lum shall assign thereto their pensions during
the time they shall remain therein and receive
Its benefits.
Sec o. And Be IL further enacted. That the
directors shall make an annual report of the
condition of the asylum to the War Depart
ment, which shall be communicated to Con-
gress on the FIRST Monday Of every January af-
ter the passage of this act, and it shall be the
duty of the said directors to examine aiid audit
the accounts of the treasurer of this asylum,
quarterly. and TO visit and inspect them at
least six times a year.
Sec. 10 And be IL further enacted, That all
inmates of the asylum shall be, and they are
hereby. made subject to the rules and articles
of war, and will be governed thereby in the
same manner - If they were in the army or
navy of the United States.
Sec. IL. And be Il further enacted That Con.
gress may at any time hereafter alter, amend,
or repeal this act.
Approved. March 3, 1855.
PUBLic-No TOT
AN ACT to incorporate the Freedmen's Saw.
ings aud Trust Company.
Be 1t enacted BY the Senate and House o.
Representative Of the United States of Amer
ica in Congress assembled, That Peter Cooper
William @. Bryant, A. A Low, s. B. Chtten.
den, Charles H. Marshall, William A. Booth,
Gerritt Smith, William A. Hall, William Al
len, John Jay. Abraham Baldwin. A. S.
Barnes, Hiram Barney. Seth b. Hunt, Samuel
Holmes, Charles Collins, r. X. Graves, Wal
ter s. Griffith, A. II. Wallis, ID. s. Gregory,
J. W. Alvord, George whipple. A. S. Hatch.
walter 7. Hatch. e. A. Lambert, w. @. LAM
bert, r. H. Manning, r.. w. Ropes, Albert
Woodruff, and Thos. Dewey, of New York;
John NJ. Forbes, VIM. Cahin, S. G.. Howe,
George l.. Stearns, Edward Atkinson, A. A.
Lawrence, and John NJ. s. Williams, of Mas
sachusetts: Edward Harris and Thomas Davis.
of Rhode Island; Stephen Colwell, j. Wheat
on Smith, Francis Z. Cope, Thomas Webster,
B. s. Hunt. and Henry Samuel, of Pennsylva-
mia; Edward HARDWOOD, Adam Poe. Levi Cof-
fin. j. NJ. Walden, of Ohio; and their success
sors, are constituted a body corporate in the
bia, by the name of "The Freedman's Saw
ings and Trust Company" and by that name
may sue and be sued in any court of the Uni
ted States.
Sec. .. And be 1t further enacted, That
the persons named in the first section of this
act shall be the first trustees of the incorpora-
ton, and all vacancies by DEATH resignation.
or otherwise, in the Office of trustee, shall be
filled by the board by ballot, without unne-
cessary delay, and at least ten votes shall be
necessary for the election of any trustee. The
trustees shall hold regular meeting at least
once in each month, TO receive reports of their
officers on the affairs of the corporation, and
to transact such business as may he necessary:
and any trustee emitting to attend the regu
lar meeting Of the board for six months in
succession, may thereupon be considered as
having vacated his place, and successor may
be elected to fill the same.
Sec g. And be IL further enacted, That
the business of the corporation shall be man.
aged and directed by the board of trustees.
who shall elect from their number president
and two vice presidents and may appoint
such other officers as they may see fit; nine Of
the trustees, of whom the president or one of
the vice-presidents shall be one. shall form n
quorum for the transaction of business at any
regular or adjourned meeting Of the board of
trustees; and the affirmative vote of at least
eeven members of the board shall he requisite
in making any order for. or authorizing the
investment Of any moneys, or the sale or
transfer Of any stock or securities belonging
to the corporation. or the appointment Of any
officer receiving any salary therefrom.
Sec. 4. And I've it further enacted, That
the board Of trustees of the corporation shall
have power from time to time to make and
establish such bylaws and regulations as they
shall judge proper with regard to the elections
Of officers and their respective functions. and
generally for the management Of the affairs
of the corporation. provided such bylaws and
regulations are not repugnant to this act or to
the Constitution or laws of the United States
Sec. g. And be IL further enacted. That
the general business and object of the corpo-
ration hereby created shall DO to receive on
deposit such sums Of money - may be from
time TO time offered therefor, by, or on behalf
of persons heretofore held in slavery in the
United States, or their descendants, and in
vesting the same In the stocks, bonds, treasu-
~ notes. or other securities Of the United
States.
eec 6. And b II further enacted. That
Il shall be the duty Of the trustees of the cor
poration to invest, a. soon Is practicable. in
the securities named In the next preceding
section. al sums received BY them beyond an
available fund, not exceeding one-third of the
total amount Of deposits with the corporation,
~ the discretion of the trustees. which avail.
abls funds may be kept by the trustees to
meet currsnt payments Of the corporation,
and may BY them be left on deposit at inter-
cot or Otherwise, or In such available form ~
the trustees may direct.
Sec. =. And be it further enacted, That
the corporation may, under such regulations
m the board of trustees shall from time To