The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-07-19
OFFICIAL.

directors and they may do all otne a,no az ha of
the goverhnen 5d bopsyey That selection of site
s Ia asvlum or adoption oil any plan oI Dullongs
LOT saio asy mon until after the sum oil half million
shall pc have been first subscribed or donated and
OF av ITO The treasury of said corporation.
pad lno and he further enacted That the officers Of
sEe :, -, sIaIj consist of governor, deputy gov
the asy and treasurer, and such officers shall
from the pensoned officers oil the volunteer
ssrvce and they may be appointed ana removed from
time TO time the interests VI e insusuoh may re-
| ;re Inv the board of directors.
que, Ind be it further enacted, That the following
only shall be entitled to the benefits of the asy
peIsd ma he admitted thereto upon the recommen-
iu ~ the hoard of directors, namely: all volunteer
aMnos soldiers and seamen. who have served during
. nresent war who have been or who may be totally
lPa5 INV wounds received or sickness contracted In
% tive az their duty and such persons on becoming in
at IF this asylum shall assign thereto their pensions
drinp the time they shall remain therein and receive fts
benefits. ;, e., ao,.5 rho+ a., a;,...
make an annual report of the condition of the asy
INN 10 the War Department, which shall be communi-
Gated TO Congress the first Monday of every January
the passage of this act and it shall be the duty of
he said directors examine and audit the accounts of
the treasurer of this asylum quarterly and to visit and
insnect them at least six times year.
SIC TO- And be ii further enacted, That all inmates
of the asylum shall be, and they hereby, made subj
ect to the rules and articles OF war and will be gov
erned thereby the same manner if they in the
army or navy of the United States.
SEC IL And be it further enacted, That Congress may
at any time hereafter alter amend or repeal this act
Approved March ., 1865.
AN ACT to incorporate the Freedmans Savings and Trust
Company.
Be enacted by the Senate and House Of Representatives
of the United STATES Of america in Congress assembled
That Peter Cooper, William c. Bryant, A. A. Low, s.
R. Chittenden, Charles II. Marshal, William A. Booth
Gerritt Smith, William A. Hall, William Allen, John
b. Hunt Samuel Holmes, Charles Collins r. r. Graves
Walter s. Griffith, A. Ii. Wallis d. s. Gregory, J W. Al
word George Whpple, A. s Hatch, Walter Hatch, A.
,hart DooT MIN
r. W. Ropes, Alert Woodruff, and Thos. Dewey, of
New YORK.; John NJ. Forbes VIM. Clafiin, s. G. Howe,
George L. stearns Edward Atkinson, A. A. Lawrence,
Harris and Thomas Davis, of Rhode Island; Stephen
Colwell, j. Wheaton Smith, Francis E. Cope, Thomas
Webster s. Hunt and Henry Samuel Of Pennsylvania
Edward Harwood, Adam Poe, Levi Coffin J. NJ Walden,
of Ohio and their successors constituted body
porate in the city of Washington, in the District of
Columbia by the name of 1.-THE Freedmens Savings and
Trust Company and by that name may and be sued
in any Court of the United States.
Sec. 2. And be 1t 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 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 for the
election of any trustee The trustees shall hold regular
meeting at least once in each month"; to receive reports
of their officers the affairs of the corporation and to
transact such business as may be necessary and any
trustee emitting attend the regular meetings of the
board for six months in succession may thereupon be
considered having vacated his place, and
may be elected to fill the same.
Sec. 3. And be ii further enacted That the business of
the corporation shall be managed and directed by the
board OF trustees who shall elect from their number
president and two vcepresdens and may appoint such
other officers they t nine of the trustees of whom
the president of the vice presidents shall be one,
shall form quorum for the transaction Of business at
any regular adjourned meeting OF the board Of trustees;
and the affirmative vote ola least members of the
board shall be requisite in making any order for,
authorizing the investment of any moneys, or the sale
transfer of any stock or securities belonging to the
tnt tntn rAtusE,s
any salary therefrom.
SEC l. And be it further enacted That the board of rus-
tees of the corporation shall have power from time to
time, to make and establish such yaws and regulations
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 pro-
vded such bylaws and regulations not repugnant to
this act or to the constitution or laws Of the United
States.
Sic. s. Aud be ii fgyther eaacted 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 OH behalf of
persons heretofore held in slavery in the United States
or their descendants and investing the same in the Stocks
bords, treasury notes. or other securities Of the United
States
duty of the trustees of the corporation to invest soon
as practicable in the securities named in the next pre-
ceding section all SIMS 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 may be kept by the
trustees to meet current payments OF the corporation,
WISE in such available form the trustees may
direct.
Sec. 7. And be 1t further enacted That the corpora
ton 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
such purposes not contrary to the laws of the United
States as may be indicated in writing by the deposit
tor, such writing to be subscribed by the deposit
Tor and acknowledged or proved before any officer
in the civil or military service Of the United States the
certificate of which acknowledgment proof shall be
md adj
or proved shall accompany such deposit and be filed
among the papers of the corporation and be carefully
court or before any judicial officer of the United States
without further proofs and the certificate Of
ment proof shall be pma facie evidence only Of the
due execution of such writing
Sec. g. And further enacted That all sums received
On deposit shall be prepaid to snch depositor when
luired at such time with such interest not exceeding
rs the board of trustees shall from time to time, pre-
Scribe which regulations shall be posted up some con-
spcuous place In the room where the business Of the
shall be transacted but shall not be altered
80 as to affect any deposit previously made. ~
SEC " And De 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 Is
rendered impossible
SEC. TO- And be fnrther enacted That when any de-
postor shall die the funds remaining on depost with the
corporation to his credit and all Accommodations thereof
shall belong and be paid to the personal
such deposit9 10 case he shall have left last will and
tosaent and IN default Of last will and testament or
any person qualifying under last will and testament
competent 10 act as executor, the corporation shall be
ened IN respect to the funds remaining on deposit
the credit OF any such Deposition to administration
hereon IN preference TO all other persons and letters of
aonstaton shall be granted to the corporation accord
IN the manner prescribed by law In respect to the
granting oil letters OF administration with the will an
hexed and IN cases of ntestacy.
sEe, H. And bs Il Further enacted That in case of the
urn Oh any aepostor whose deposit shall not be held
upon any trust created to the provisions herein
before contained where may prove impossible ex
eeute such trust it be the duty of the corporation
to make dgent efforts to ascertain and discover whether
such deceased depositor has left husband wife, or chill
uren surviving and the corporation shall keen record
OF the efforts made and of the results thereof and in
case no person lawfully entitled thereto shall be discov
Vt sh appear or claim funds remaining to the
ereo OF sven depositor before the expiration of two
years nom the death of such dspositor it shall be lawful
lor the corporation to hold and invest such funds as
trusiund to be applied with the accumulations
eo 1e education and improvement of persona
iht, heid In slavery, or their descendants being
inhabitants Of the United Satsa In such manner and
such agencies ~ the board of trustees shall deem
pest calculated to effect that object Provided That il
dspostor oe not heard from within five years from
ate Oh us last deposit the trustees shall advertise
te same some paper of general circulation in the state
where Tue principal Office Of the company is established
nna a,so y, re state ,ohers The principal office of e COM
positor was last heard from; and If within tyo oar
ereatter such deposito shall appear nor hnahand
Wiie or child OF such depostor, to claim his donots
,ney shall 10 used by the board Of trustees as herein
before provided for In this section. - "'''''"'
SEC. IL And DC it further enacted That no nreada,t
seepfesi1eh trustee officer, servant of the corno
aon snail directly indirectly borrow the funds nr he
tba sm u VI us deposits, or In any manner use
expenses under the direction of the board of
IN .ei.ncates lor other evidences Of depost made by
"a ~ tp occrs snail be as binding the corporation