The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1866-10-11
TPUBLIC-No. 1875. !

AN ACT to Incorporate The Metropolitan Mining and
Manufacturing Company.
Be it enacted by the senate and House of Repre-
sentatives OF the United states of America in Con
gress assembled, That John Ford, George D. vii
liams, Thomas W Hyde Oliver Edward, Charles II
Herd, Samuel S Fulton, Charles Otis, Charles A
Ecleston George ". Holmes Joseph f. Hollis j oh
+. Broadhead, and Lewis p Moody, or any five OF
Them be, and are hereby, authorized and empower
ed to receive subscriptions to the capital stock of
corporation to be denominated the Metropolitan
Mining and Manufacturing Company of the District
of Columbia who shall open book for that purpose
in the city OF Washington, at the time and place
to be by them designated, of which they shall give
five days notice III two or more of the daily papers OF
said city and shall keep the open until twenty
thousand shares of one hundred dollars share each
shall have been subscribed and any person of law.
full age, and citizen OF the United States shall be
permitted To subscribe upon paying five dollars on
each share at the time of subscribing And it shall
be lawful for the said corporation to have common
seal, sue aid be sued, plead and be impleaded, and
have and eXerdise all the rights, privileges and i'm
munities fer the purpose the corporation hereby
created.
Sec. 2. And be it further enacted, That the
affairs of the company shall be managed by nine di-
rectors to be elected annually by ballot on the sec
ond Monday OF July, by the stockholders by their
legally empowered agents; and each share of stock
shall entite the holder thereof 10 one vote the cleo
ton to be held a! the office OF the company at gen
era meeting OF the stockholders convened for that
purpose, by ten days public notice in two or more
papers ofthe city of Washington Provided That the
first election for directors shall be held pursuant to
papers of the city of Washington, by the persons
named in the first section of this act or any five of
them, VINO shall designate the time when and the
stockholderS shall then and there elect nine drec
tors to serve until the next ensuing election and
until their successors shall be duly elected and oual
NICE as provided for i'll this act And at the irsf
suing meeting of the directors after every election
6hey shall appoint one of their number "a nresident
VINO snaI hold Office until the election and uuaifca
Ioh OF ms successor. And five members of said
board shall compose quorum. And in case tbot an
election should not be made when pursuant tn tbis
act II snou have been made, the company for that
cause snail not be dissolved; and it shall he lawful
within forty Gays thereafter to hold and make an
eiecon for directors in such manner as the bylaws
ol Ine company may prescribe and the president
ana directors lor the time being shall be Continued
IN once until such election take place And i'm the
event OF the DEATH resignation or removal of anv M
tecIor rom ONCE MS place for the remainder of his
prescribe. ~'
SEC. 3. And be it further enacted, That the
president and directors shall have power to appoint
secretary and such other officers agents and clerks
as may 10 them appear proper, to fix their compen-
satlon and pay the same
SEo. 4 dnd be it further enacted, That
me capital stock shall be called in and paid in such
n1staiments and proportions, and at such times and
places as the president and directors, for the time
oei9g may require and designate And if any stock
hoder, subscriber their assignee or transferee shall
oluso or neSiectto pay such proportion or install.
nSll at the ume and place appointed such stock.
SUBSCRIBER ransferee or assignee SHALL at
optlon OF the PRESIDENT and directors forfeit to
ne use OF the company all his her or their right ii
te, IN and to every share on which such insalments
nave not been duly paid; and fresh subscriptions
may oe opened for the said shares in such manner
as tne oy-laws may prescribe or the President and
directors may, at their option, commence suit for
any lhstalrnent that may be due and unpaid and re-
cover against the holder of said stock for the
oil the same: Prootded, That no stakeholder or sinh
scrloer shall be permitted to vote at any election for
directors or at any general or special meeting al
the company, on whose shares any instalments or
arreara9es may be due more than fifteen DAYS preyi
Gus thereto F
SIC. Ind be ii further enacted That the
President and directors for the time being shan
have power TO ordain, establish, and put in execn
ton such rules, regulations, ordinances and Inv.
laws as they my deem essential for the well govern
ment ofthe institution. not contrary 10 the law
and Constitution of the United States or of any
State of this act and generally do and perform
all acts, matters. and things which a corporation
may or can lawfully do.
SEC. 6. Ind be it further enacted, That the
president and directors are hereby empowered and
uily authorized, on behalf of said company to car
~ on me business of mining for iron ore and other
tb minerals, and manufacturing and preparing
TO ae LOT market; and to purchase and hold for
n-o. VI IN Zee simple such real estate and other
~ Ti-y Mlthlh the District of Columbia and State
nnrnnSa ~ may be necessary ana proper for the
pn tbfF aei9resad and TO issue bonds not exceed
49, la Vi me capital stock upon sucb forms o.
Icy u uSemed Tor the best interests of
iH'0"'"e@ mat no bond shall be issnaJ 90 my