Smyrna times., 1865-03-09

tors or his subscription shall be null and void: Pro
rided, further, That nothing shall be received in
payment Of the twenty five per centum at the time
OF subscribing except money: PrOrided, further,
That no person shall be allowed to subscribe for
more than fifteen thousand dollars. And when the
books of subscription to the capital stock of said
company shall be closed, the corporators named in
the first sectlOn majority of them, and in case
any OF them refuse neglect TO act, then Orty
at the remainder, shall, within twenty dAvs thereaf
ter, Call the first meeting of the Stockholders of said
company TO meet within ten days thereafter for the
choice 0t directors, OF which public notice shall he
given for five days in two public newspapers pub
liShCd daily in the city oFW ashngton or by written
personal notice to each sockholdcr by the clerk of
the corpordtiOn. And in all meetings of the stock
holders each share shall entte the holder TO one
vote to be given in person or BY proxy.
See. l3 And be it further enacted, That the gov
ernment and direction of the affairs Of the company
shall be vested in the board of directors seven in
number, who shall be Stockholders, and who sh III
hold their "llce or year, and till others duly
elected aud qualified to take their places directors
And the said directors Ga ma nry of who the prcsi.
dent being one, shall be quurum) shall elect OF
teir number 10 lie president of the board, who shall
also be president OF the company; and they shall also
coose treasurer. who shall gave bonds with surrty
t. said company, in such sum the said dir, c'ors
may require for the faithful di charge of his trust
In case Of caucy in the b"ai OF directors by the
death, rcSIgmi ION, ur2UhcrwISe OF any director the
vacancy UccAsiOncd thereby shall be filled by the
naming directors.
Sc il. Ind be ii further enacted, That the drcc-
! tors shall have full power TO make and prcsc be
such bylaws rules, and regulations as they shall
deem useful and proper, touching the disposition aud
management "f the stock, property, estate, and ei-
tcS Ot the company, not Contrary the charter or
10 the laws OF the United States and the ordinances
oi the city Of Washington: PrOrided, That there
STALL be no regulation excluding any person from
any Car On account oil color.
SEC. 10. And be hfurther en0c'cd, That there shall
be an annual meeting Of the stockholders for choice
Of directors to be holden at such time aud place. un
der such conditions, aud upon such notice, as the
sad c"nPany,In thClr by laws mIy prescribe; and
said dig, cOrs annually make a report in writing Of
their dongs To Tie stockIuldrrS.
Sec. lG. AM@ be 1t further enacted, That the said
company shall have at all times the free aud unn
lerIlpIcd of tine roadway. And if any person or
persons shall wuly and unnecessarily obstruct or
Impede the passage on OF over said railway, any
prt ih reof, shall nj jure destroy the cars depot
stations, any property belonging to said railway
Company, the person or persons offending shall
forfeit and pay Tor every such offence the sum of
tive dollars, be recovered and disposed Of other
fines and penalties in said cities, and shall remain
liable, in addition to said penalty, for any loss or
damage occasoncd by hIs her, their act, alorc-
said but suit shall be brought unless commenced
within sixty days after such offence shall have been
committed
See. II. And be ii further enacted, That unless
said corporation shall make and complete their said
Railways between the Capitol and Seventeenth street
. west within four months after tho Company shall
have been organized, and the railways on the other
routes herein described within year after the
company shall have been organized then this act
shall be null aud vOid and right, whatsoever shall
be acquired under it.
Sec l6. IHd be ii further en4cted, That all acts
and pIrts Ofacis heretofore passed which are ncun-
slscnt with any provisions Of this act are for the
off f,d 81.
, Inconsistent herewith.
Sec. H.. AHd be il further enacted, That each Of
the Stockholders in the Metropolitan Railroad Com.
pany shall be individually liable for all thcdebts md
liabilities of said company, to amount equal to
! the amount Of stock held by such Stockholders.
Sec. 20. dad be IL further enacted, That the said
Railroad Company shall keep in good repair and ia
clean condition the tiagstones walks leading
to, upon, and over their tracks at the crossings
the several streets, which nterscct their railroad
e moving theretrOm and ice, well as mud
d dirt, other annoyance; and shall further wIeney
er neceasary 10 render such crossings drv and
l. 0eh'' raise or eovate the sufficiently Tor that
PPose' anu snail adjust .he adjoining pavement SC
as 10 make II convenient for carriages 10 pass said
Sec 2l. AHd be it further enacted That G., 0.ot
Il and every violation of the foregoing provsion 1
o said company shall fnrfcit and phy a sum NOT is
than live dollars and not more than huhdre,
~ dollars, which may be recovered, with of suit
OF competent jurisdiction in the District of Coum
r. bIa- Such action may be prosecuted 10 the name
the GUY OF Washington, and one half of the penal
u. ties recovered shall be for the use of the city
Vo Washington, and the other half for the use Of t
ID eonpla anant: PrOUided, hOloereT, That any part
ty complainant SHALL before commencing such action
ty he with the Clerk Of the Supreme Court Of the Dis
i'd ict OF Columbia, bond to be approved by the cer
oi the said court, with at least surely, to be up
I'D proved by said clerk, and in penalty Of one hun
vs. ored dollars conditioned that the complainant sha
nj Wen and truly save harmless, and indemnify th
alu cry against the payment Of all costs and char
n ge "'cn shall be recovered against said city b.
reason OF the failure Of the complainant to prosccu
If or mlIntain his said complaint. .e1.-..e
es sec 2S' And be IL further enaeied That the sail
en- railroad company SHALL by the fifteenth day of Jan
a. uary, atteg the completion Of sad road and aono
Oh or before that day thereaf transmit 10 (og res
full report Of the affairs business and condition
oc the said company for the year Terminating D.ccm
81 Der thIryone preceding such report and suc reDor
q shall be signed aud sworn To- by Tie nresident an
by treasurer OF the company or by msioFitv OF n,
oy direetors aud shall specify the following items
90 First, capital stock, fixed by charter. Second can
,,s tai stock subscribed and actually paid in n casl
:; Third, Dividends made to stockholders the ca p
or tai stock Of the company, and when made. FourtI
Total capital stock at the termination OF the prevot
~ year. Fifth, Funded debt Of the company and
what way secured.f Sixth, Floating debt of the con
AZ pany. Seventh Total indebtedness of company e
no elusive Of capital; cost Of road. Eighth, Total Co
~ of rails chains, spikes, and other iron used IN col
4, struction Ninth Total cost Cities, stripgers al
aI other wood or timber used in construction Tent
an Cost Of paving stone, gravel and other material as'
in construction not above enumerated. Elevent
I'm Cost of labor in the construction Of the road.-
,ra. Twelfth, Cost of engineering and salaries paid
en- objects and agents of the company and discount
ssn. interust paid loans. Thineenth, Amount expe
itaa ded pTepars of road; cost Of squiPmept. For
pen, teenin, Number and cost Of cars. Fiesnth, M
si Der OF horses or mules used the service Of the
oon and cost. Sixteenth, Costof harness and other
be Pontnents Seventeenth, Cost tools and fxtus
avs fnciuding furniture Of offices. Eighteenth Cost
bed ss'ste ndlmProsemsnta thereon hy the COM
by nys characteristics. Nineteerth, Total length
the roaass tneasared al single track, including swcl
Iaee and suInonts Pwentetl. Weight and character
hnra rail- TwentY first. Namher Of paasenQera carr