The Norfolk post. [volume] (Norfolk, Va.) 1865-1866, 1865-07-24
OFFICIAL.

the site for the said asylum, and the plan of the build
ings and the rules and regulations for the general
interna. direction of the asylum shall BIO made by TIT
directors and they may do all other acts necessary for
the and in erests OF the same as hereby
thorized: Prorided hoUeur That no selection of site
for said asylum or adoption OF any plan OF building
of dollars have been first subscribed or donated
paid into tho treasury of said corporation.
SEC. And be it further endctd, Ihet tne oncers Of
the asylum shall consist of governor deputy gov
ernor, secretary and treasurer and such oicers shall
be appointed from the pensioned officers OF the volunteer
service, and they may be appointed and removed from
time TO tme as the interests of the institution may re-
| Quire, by the board of directors.
Sec. 3. And be further enacted That the following
persons only shall be entitled the benefits of the asy.
lum and may be admitted thereto upon the recommen.
dation Of the board Of directors namely: all volunteer
officers soldiers, and seameu. who have served during
the present war; who have been who may be totally
disabled by wounds received sickness contracted in
the line of their Duty and such persons becoming in
mates of this asylum shall assign thereto their pensions
during the time they shall remain therein and receive its
benefits.
shall make an annual report of the condition Of the asy
Ium to the War Department, which shall be commun.
Gated to Congress the first Monday Of every January
after the passage of this act end it shall be the duty Of
the said directors examine and audit the accounts Of
the treasurer OF this asylum quarterly and to visit and
} inspect them at least six times year.
SIC 10. And be it further enacted That all inmates
of the ASYLUM shall be- and they hereby made sub
ieet to he rules and articles OF war and will be gov.
erned thereby in the manner as II they were IN tho
| army or navy of the United States
SEC H. And be It further enacted, That Congress may
at any time hereafter alter, amend or repeal this act
Approved, March 3, 1861
An Act to incorporate the Freedmans Savings and Trust
Company.
BE IL enacted by The Senate and House Of Representatives
of he United States Of america in Congress assembled
That Peter Cooper William @. Bryant A. A. Low, s.
B. Chtenden Charles IL Marshal ", William A. Booth,
Gerrtt Smith William A. Hall, William Allen, John
Jaw Abraham Baldwin, A. Barnes, Hiram Barney, Seth
b. Hunt, Samuel Holmes, Charles Collins, R. r. Graves
Walter s. Griffith, A. ii. Wallis d. s. Gregory, J W. Al
word George Whppe A. S. Hatch, Walter T. Hatch, Il. A.
Lambert ". G. Lambert. Roe Lockwood, r. IL Manning,
R. W. Ropes, Albert Woodruff, and Thos, Dewey Of
New YORK John NJ. Forbes VIM. clailin, S. G.. Howe,
| George L. Stearns Edward Atkinson A. A. Lawrence,
and John S. Williams, OF Massachusetts Edward
Harris and Thomas Davis, OF Rhode Island; stephen
| Colwel j. Wheaton Smith, Francis t. Cope lhomas
Webster s. Hunt and Henry Samuel of Pennsylvania;
Edward Harwood, Adam Poe, Levi Coffin, j. NJ Walden,
of Ohio and their SUCCESSORS are constituted body cor
porae, in the city of Washington, i'll the District of
Columbia, by the name o" The Freedmes Savings and
Trust Company and by that name may sue and be sued
in any Court Of the United States.
SEC q And be 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 board by ballot, without any unnecessary
delay and at least ten votes shall be necessary for the
eecon any trustee, The trustees shall hold irregular
meeting at least in each month"; TO receive reports
of their officers the affairs of the corporation, and to
transact such business as may be necessary; ana any
trustee emitting to attend tie regular meetings OF the
board for months in succession, may theroupon be
considered having vacated his place, and successor
"a may be elected to fill the same
SIC 1nd be further enacted That the business Of
the corporation shall be managed and directed by tho
board Of trustees, who shall elect from their number
president and two vcepresdcns; and may appoint such
other officers they fit 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 or Ouned meeting OF the board OF trustees
and the a native vote of at least seven members of tle
y | board shall bo requisite in making any order for
authorizing the investment of any moneys, or the sale
| ort
!, corporation or the appointment ofany officer receiving
i | any salary therefron.
y tees of the corporation shall have power from time
time to make aud establish such bylaws and regulations
- as they shall Judge proper with regard 10 tho elections of
officers and their respective functions and generally for
the management Of the affairs OF tho corporation, pro-
vidcd such bylaws and regulations arc not repugnant to
this act to the constitution or laws OF the United
j | States.
: sEo. g. and be Il further enacted That the general
business and object of the corporation hereby created
shall DO to receive deposit such sums OF money as may
be from time time offered therefor by, or on behalf OF,
persons heretofore held in slavery in tho United States
tar descendants and nvesng the same in the stocks
= States. "''''' '''''' '.'''' ''e',''| = ,''
sEc g. And bel further enacted, That it shall be the
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 onethird of the total
amount of deposits with the corporation, at the discretion
of the trustees which available funds may kept by the
trustees to meet current payments of the corporation
l
4 wise, In such available form the trustees may
!, | direct.
SEC. T. 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 BIO received upon such trusts and
for such purposes contrary the laws of the United
States, 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 military service of the United States the
certificate of which acknowledgment or proof shall be
Endorsed on the writing; and the writing acknowledged
or proved shall accompany UGH deposit and be filed
among the papers OF the corporation and be carefully
preserved therein and may he read in evidence in any
court OF before any judicial officer of the United States
without further proof; and the certificate of
ment proof shall be prma tace evidence only of the
due execution Of such writing. 'H
Sec s. Andbe further enacted That all sums received
on deposit shall be prepaid TO such depositor when
CURED at such time, with such interest, exceeding
seven per cenum per annum and under such regulations
as the board Of trustees SHALL from time time pre-
scribe which regulations shall be posted up in
pcuous place in the room where the business of the
corporation shall be transacted but shall DO altered
: so as 10 aiect any deposit previously made.
whe' ana all purposes for which any deposit shall be
nlaoe anu which shall be indicated in tho writing to
accompany such deposit shall be faithfully performed by
e | rendered impossible. =
sEc. H. And De II Jnrther enacted, That when any de-
poor shall die the funds remaining on deposit with the
corporation to his credit and all Accommodations thereof
shall belong and be paid to the personal representatives
of such depositor case he shall have left last will and
testament and in default of last will aud testament or
OF any person qualifying under last will and testament
competent to act as executor the corporation shall be
ehtted In respect to the funds remaining on deposit
70 the credit of any such depostor to administration
thereon In preference to all other persons and letters of
administration shall be granted to the corporation accord
gy IN the manner prescribed by law in respect to the
granting OF letters OF administrations with the will an
| nexed, and in cases of inestacy
SIC H. And be further enacted That in case of the
ueah Oh any depositor whose deposit shall not BIO held
upon any trust created pursuant to the heren
before contained, or where may prove mpossbot ex
/ Sucl trus al "a ba Tho lntxy
10 make dgent efforts to ascertain and discover whether
such deceased deposOr has left husband wife or chill
dren surviving and the corporation shall keen record
OF the efforts so made and of the results thereof and In
case no person lawfully entitled thereto shall be discoy
ered or shall appear claim funds remaining TO the
credit oil such depositor before the expiration of two
years from the death of such depostor il shall be lawful
ior the corporation TO hold and invest such funds as
separate trusttund, to be applied with the Accommodations
,hereol 10 the education and imprpyeen of nersons
neremiore hed in slavery, their descendants being
ihhapiGhts OF the United States in such manner and
oug such agehcles as the board of trustees snail deem
oest calculated TO elect that object Pro,ieJ That IL
any deposor be not heard from within five wears from
the date of his last deposit the trustees shall odvertsa
where the principal Office of the COMPANY is esahshed
and also in te state chee tie principal office Of he com,
pdy IS established and also In the state where tho de
postor was last heard from; and if within two veors
thereafter such deposition shall appear nor bnsiand
wife, child Of such deposilor to claim his denos;t
they shall be used by the board of trustees as bera'
| before provided for in this section.
SEC II and be IL further enacted That no nros5cn,
,;n Sn, trustee officer servant of the corpo,