The national Republican. [volume] (Washington City [D.C.]) 1866-1870, 1868-08-04

lPuBLIc-No. COL
An Acr to incorporate the National Hotel
Company, Of Washington CITY,
De IL enacted bv tie Senate and Honss %
REPRESENTATIVES. oTths UHiiea States of dmertsa
ia Congress assembled, That George II. CAL
wort, r. @. Weightman, James Q. Moauirs,
Zeph English, George ii. Calvert, jr., and
Charles D. Calvert, their associates, successors,
and assigns, arc hereby created body corpo-
Hotel Company, In the city Of Washington, in
the District Of Columbia, and by that name
they are made capable Of taking holding,
managing improving, purchasing, leasing, for
tho sole purpose Of erecting and maintaining
hotel as aforesaid real and personal estate with
in said city of Washington, not exceeding i've
hundred thousand dollars In valuei said cor
poration to have common seal, and the same
may break, alter, and renew at pleasuroj may
prosecute and defend suits before all proper
courts and tribunals; may make and ordain
bylaws for the government Of said corporation,
and may have and enjoy all Of those privileges
and be subject to all Of the liabilities which
corporations for tho holding management,
and improvement of real estate in the city OF
Washington, in the United States, usually
enjoy or arc made subject to.
SEC. 2. And be ii further enacted, IThatltto
capital stock Of the said company shall not be
less than two hundred and twenty.seyeu thou.
sand dollars, be divided into shares of five
hundred dollars each, and shall DO deemed
personal estate, and be transferable upon the
books Of the said corporation.
SEC. 3. Aud be HJttrthsr enacted, That the
officers Of the said corporation shall consist Of
president and treasurer, with board Of d.
rectors, Of whom the president and treasurer
may be members, but the number the direct.
ors may be fixed by the shareholders In the by.
laws Of tho corporation. The president shall
preside at the meetings Of the corporation,
sign certificates Of tho stock issued to stock
holders, and shall have q general oversight
over the business and affairs Of the corpora.
ton; the treasurer shall safely keep and dis
burse all Of the moneys Of the corporation
under the direction Of the board Of directors;
tho directors shall manage and control the
property Of the corporation and make con-
tracts in relation therefor the treasurer, or
other officer appointed by the bylaws shall
keep the records Of tho transactions Of the
corporation, and shall eountersign tho Ger
tifcates Of stock Issued to the stockholders.
SEC. 4. And Be- IL further enacted, That all
the officers Of the gaid corporation shall hold
their Offices for enc year, aud until their sue.
cessors are elected and qualified to act, unless
they shall be sooner removed by the directors,
Tho first meeting of the corporation may | q
called by any person named herein by giving
previous notice of not less than Eve days to
all tie other persons herein named, OF the
time and place Of such meeting. The annual
meetings hereafter shall be called by the
treasurer or other officer designated BY the
board, and be held in the city Of Washington,
at the National Hotel building, on tho fret
Wednesday in January in onoh year, notice
Of which shall DO sent to the post office ad-
dress Of each stakeholder for ten days before
tho time for the holding Of such meeting; and
special meetings Of tho corporation may be
called in the manner and time to be prescribed
by the stockholders.
SEC. S. And be 1t further enacted, That each
stockholder shall be individually liable for the
debts Of the corporation to the amount OF stocl
held by each respectively; and Congress hereby
reserves the right to amend, alter, or ropoa
this charter at pleasure.
Approved, July Is, 1868.