The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-07-22
OFFICIAL.

nteaha, md tbev NAV do all Other acts necessary for
the government in erests ct the same as hereby
sseJ. ProIdsJ ho,cecey, That selection of site
S said ASYLUM or adoption Of any plan of buildings
shall he agreed upon until after the sum Of halt million
dollars shall have been first subscribed donated and
!, | Maid into the treasury of said corporation.
SEC And be it further enacted, That the officers Of
the asylun shall consist OF governor deputy gov
secretary and treasurer and such officers shall
amounted from the pensioned officers of the volunteer
eryice and they may be appointed and removed from
time to time, as the interests of the institution may re.
nnira nv the board of directors.
Srn & And be ii further enacted That the following
nersons only shall be entitled to the benefits of the ssy-
P and NAV be admitted thereto upon the recomnien-
datiou oil the board of directors namely; all volunteer
t1ices soldiers and seamen who have served during
th nresent war; who have been who may be totally
disabled by wounds received or sickness contracted In
th ino Of their duty and such persons becoming in
mates of this asylum shall assign thereto tn ir pensions
during the time they shall remain therein and receive its
SEC O. And be it further enacted That the directors
shall make annual report Of the condition of the asy
um to the War department which shall be communi.
after the passage of this act nd it shall be the duty Of
the said directors to examine and audit the accounts of
The treasurer of this asylum quarterly and to visit and
INSPECT them at least six times year.
of the asylum shall be- and they are hereby made sub
iect 10 the rules and articles oil war and wi be gov
erned thereby in the same manner as if they were in the
army or navy Of the United States.
SEC IL And be 1t further enacted, That Congress may
a any time hereafter alter amend or repeal this act
Approved, March 8, 1861
|
AN ACT to incorporate the Freedman Savings and Trust
Il Company.
Be enacted By the Senate and House Of Representatives
of the United States Of america IN Congress assembled,
That Peter Cooper, William G. Bryant, A. A. Low 8.
n Chittenden, Charles H. Marshal, William A. Booth,
Gerritt Smith. William A, Hail. William Allen, John
Jaw Abraham Baldwin S. Barnes. Hiram Barney Seth
B. Hunt, Samuel Holmes Charles Collins r. r. Graves,
word George Whipple, A. s. Hatch, Walt r. Hatch T. A.
Lambert. ". q. Lambert Roe Lockwood r. II Manning,
r. w Ropes Albert Woodruff, and Thos Dewey, OF
New YORK; John NJ. Forbes, VIM Cafin, S. G.. Howe,
George L. Stearns, Edward Atkinson, A. A. Lawrence,
and John NJ s. Williams, OF Massachusetts; Edward
Harris and Thomas Davis, of Rhode Island; Stephen
Colwell j. Wheaton Smith, Francis L. Cope, thomas
Webster s. Hunt. and Henry Samuel, of Pennsyvania;
Edward Harwood, Adam Poe, Levi Coffin j; NJ Walden,
of Ohio and their successors are constituted body cor
porate in the city of Wasngtop, in the District Of
Columbia by the o" The Freedmens Savings and
Trust Company and by that may sue and be sued
SEC 3 And be IL further enacted That the persons
named in the first section of this act shall be the first
trustees of the corporation and all vacancies by death,
resignation or otherwise in the Office Of trustee, shall be
filled by the board by ballot without any unnecessary
delay and at least ten votes shall be necessary Tor tho
election Of any trustee The trustees shall hold irregular
meeting at least in each month"; to receive reports
u of their officers the affairs of the corporation, aud to
trustee emitting to attend tie regular meetings Of the
board for six months in succession. may hereupon be
considered having vacated his place. ana successor
. NAV BIO elected to fill the same.
e Sc g. Ind be further enacted That the business of
u the corporation shall be managed and directed by the
II, hoard Of trustees who shall elect from their number
u nredent and vcepesidnts and may appoint such
~ oerolcers as they fit nine of the trustees of whom
u the president of the vice presidents shall be one
u shall form quorum for the transaction of business at
any regular Of the board OF trustees
and the ar mative vote Of at es members of the
~ board shall be requisite in making any order for or
IS authorizing the investment Of any moneys the sale
or transfer of any stock securities belonging to tho
y corporation the appointment ofony officer receiving
4 | any salary thereironl.
a See Ind be further enacted That the board of trus
y tees of the corporation shall have power from time to
time make aud establish such bylaws aud regulations
they shall Judge proper with regard to tho elections OF
officers and their respective functions aud generally for
the management OF the affairs Of the corporation pro-
vied such bylaws and regulations not repugnant to
this act Or to the constitution or laws OF the United
i States.
= SEC. s. and be il further enacted That the general
business and object OF tho corporation hereby created
shall he TO receive deposit such sums of money as may
be from time TO time offered therefor by, on behalf Of
persons heretofore held in slavery in the United States
or thAr descendants andnvestRg the in The stocks
treasury notes, or other securities OF the United
Sac O. And belt further enacted That 1t shall he tho
duty of the trustees of the corporation to invest us soon
practicable, in the securi les named in the pro-
If cedng section all sums received by them beyond
d available fund not exceeding onethIrd of the total
amount Of deposits with the corporation at the discretion
Of the trustees which available fund, be kept tho
trustees to meet current payments of the corporation
and may by hom he left deposit interest or other
1t WISE Or ~ such available form Us the trustees may
| direct.
Sac. ARd be ftytlcr caacicd That tho corpora.
u tion may under such regulations the boa of trustees
shall from time to time prescribe, receive any deposit
hereby authorized TO DO received upon such trusts and
for such purposes not contrary 10 tho laws tho United
ID States, as may he Indicated In writing by the teosi.
Ii tor such writing TO be subscribed by the teposi.
of tor and acknowledged pr we'd before any officer
n IN tns civil or military service Of tho United States tho
certificate OF which acknowledgment proof shall DO
ndorsedon the writing and the writing acknowledged
OF proved shall accompany UGH deposit and be hlei
among the papers Of the corporation and be carefully
N tppNn IA
court OF before any judicial officer Of the United Sates
% without further proof; aud the certificate acknowledge.
4 due execution Of such writing.
SEC Andn It further enacted That all sums received
on deposit shall be prepaid to such deposor whom re.
queu az sueh time, with such interest, exceeding
seven per cent9m per anuu and under such regulations
as the ooaia Of trustees SHALL from time TO time pro.
SCRIBE which regulations shall be posted IN in some con.
spicuous place IN the room where the business Of the
corporation shall be transacted, but shall not be altered
= 80 s Us 70 anect Sny deposit previously made
ske " aad DC Il further enacted, That all trusts upon
whicn and oil purposes for which any deposit shall DO
aaae, ana which shall be indicated in the writing to
such deposit shall bc faithfully performed by
tne corporation, unless the performing Of the same is
e rendered impossible,
sau, ~ ana oe farther enacted That when any de-
posor sali Ole the funds remaining on deposit with the
Soipofaton to his credit and all Accommodations thereof
snail belong aud be paid to the personal
ueposito in case he shall have left last will and
ASIAN anu IN default of list will and testament or
PERSON qualifying under last will aud testament
competent to act as executor the corporation shall be
entitled, III respect to the funds so remainng mn danosit
~ .he cieuit OF any such deposor to administration
IN preference to all other persons and letters of
1 snail be granted to the corporation accord
,e IN Tue manner prescribed by law In respec TO the
Sad ~ " letters Of administration, with the will an
heSeo and IN cases OF intestaey.
SEC. H. Aad be further enacted That in case of t,s
ueah OF any depositor whose deposit shall NOT ba held
upon any trust created pursuant to the provisions berejn
oeiore contained Or where IL may prove
ecute such trust it all be the duty of the CORPORATION
MAKE agen efforts 10 ascertain and discover whet ar
uc deceased depositor has left husband wife or chill
ufen surviving ana the corporation shall keen record
"a enolts 80 made and Of the results thereof and la
case no person lawfully entitled thereto shall be discoy
reS Vi sna appear or claim the funds remaining to the
eleuit Oh such deposor before the expiration of two
rom inc death of such dspositor it shall be lawful
~ te corporation to hold and invest such funds as
spase uusi'und, to be applied, with the accommodations
-. " 'ne education and Improvement of persons
neiu IN slavery, or their descendants being
hhaoIthts OF the United States, in such manner and
through scn agencies the board of trustees shall deem
oesl calculated to effect that object Poeided That If
any aeposor be not heard from within five wears from
e date OF his last deposit the trustees shall advertise
e same IN some paper of general circulation in the state
where the principal office OF the oomnany es abshed
aho aiso " we state uheTe the pricat dcc of mo con
Pay Is estdoashed, ard also In the state where ,e do
postor was last heard FROM and if within t,o 'e W.
s sucn aepoor shall not appear nor husband
,hey shall be used by the board OF trustees "poss
'e Snn provided for In this section We AeieA'
oEc. ~ and be farther enarts5 Thu, 49, -,
iee-psesldeht trustee officer or scr,a"t ~ plesoeht
corat a' ulectiy orindireoty borrow The find 81 Ia
,hPoaN'a " It's deposits, or In onv ,nannan 80
e' OF any part thereof except To nav naeaesr s
All cartisa,' .le direction OF the beard OF trustees -