New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1867-07-04

wilson G. Plant together with the subscribers to
successors and assigns shall be and they hereby,
declared 20 be body petite and corporate, by the
pany OF Washington and by thst name shall have
succession and be capable in law and be sued,
dsfend and be deiended in ali she Courts Of law and
equity and elsewhere, to make and to use a common
generally to do and perform all things relative TO the
object Of this institution, when is or shall be
to do
stock of said company shall consist of a not
ceedng two hundred thousand dollars. divided into
bs "a snae ot Sne Rundr , dollars eae
been subscribed for and twenty five dollars share
secured TO be paid then this company shall be com,
petent to ransact all kinds OF bufiness for which i.
SEC 8. And be it further enacted, That the cor
porators heretofore named, or any three Of them,
of this company hereby Incorporated, at such time
and in such suitable place the city of Washington
sediments on the stock Of said provided for
ia section second, and shalh deliver the money SO
be annotated and prepared to receive the same
holders composing this company. their represent
atYes BY proxy, shall on such day as they or ma.
among said stockholders directors to for
one year or until others chosen each stakeholder
the dir etors 50 chosen shall at their first meeting
choose ~ oa'lot president and vice president from
ton, or Disqualification of the president vice pres
dent a director directors shall proceed to elect
anotaer or others TO nil the vacancy for the re.
mainder of the year.
SEC s. And be it further enacted, That the pres
dent vice president, and directors OF SAID company
shall be, and they are hereby, authorized and EN-
powered to receive ana keep on special deposit all
such va uabes gold silver, or paper money, bullion,
evidence Of inde .tedness, deeds or muniments of
TIT e, other valuable papers of any kind any
other article or thing whatsoever VIII oh be left
deposited for sate-keepins wih!sad company, and
| sha be entitled to charge such commissions com
pensation therefor as may be agreed upoa and for
the comp ete preservation and safe keeping thereof
shau construct erect lease. or purchase, sich fire
proof and burglar proof building or buildings, vaults
lron or composition safes otner means which may
become necessary and generally to transact and per
form all the usiness relating the safe keeping
preservation OF all such articles valuables may
be deposited with said company, and al o 10 invest
the capital or Of her funds belonging the said
pany, from time time, in public funds OF the
ever, and to dispose OF the said stocks. money, and
proper IN such manner mot contrary to law.
| them shall appear most advantageous to said com
| pany.
SEC G. And be it ther enacted. That the Presi.
ds idends of the profits of the corporation. annually
or semiannualy as they may dee III best and in case of
any loss or lqsse whereby the capital snail be dimiu
| i.hed no subsequent div end shall be made until a
| sum equal to such diminution, arising from the
pronts OF the corporation or contributions of stock
| holders shall be added TO the capital
sec, And be 1t further enacted, That the Presi-
mt, Vice President, and Directors of the corpora
ton hereby created, shall have power to enact and
adopt such ri es regulations and by laws for the
government and management Of the affairs of said
| interest thereof
| SEC 8. And be it further enacted That nothing
herein coatainr d. shall be taken or construed to Civ
the corporation hereby created the power
circulate as 'rrency any bIli, note token evil
| dencssot indebtedness. OF its own creston nor be
terest deposits mones securities or any other
property deposited with it: ami the operations of
his corporation s. all be mined to the district of
| Columbia.
Approved January p, 1901.