The Evansville journal., 1868-07-24
OFFICIAL.
LAWS OF THE UNITED STATES.
Passed at the Second Session of the
Fortieth Congress. ga
TPUBLIC-No. 66.1

PUBLIC-No. Sc. 7tlt
An Act to incorporate the Nation
al Hotel Company, of Washington
City.
Be it enacted by the Senate and
House of Representatives of the
United States of America in Congress
assembled, That George II. Calvert
X. q. Weightman, James G. Mcclure
Zeph English, George I'll. Calvert, jr.
and Charles B. Calvert, their asso.
ciates, successors. and assigns, are
hereby created a body corporate and
polite by the name of the National
Hotel Company, in the City, of Wash
ington, in the District of Columbia.
and by that name they are made capa-
bic of taking, holding. managing, i'm
proving, purchasing, leasing for the
sole purpose of erecting and maintain
ing hotel as aforesaid, real and per-
sonal estate within said City of Wash
ington, not exceeding FIVE. hundred
thousand dollars in value; said cor
poratlon to have a common seal, and
the same may break, alter, and renew
at pleasure; may prosecute and de-
fend suits before all proper courts and
tribunals; may make and ordain by
laws for the government of said cor.
poration, and may have and enjoy all
of those privileges and be subject to
all OF the liabilities which corpora
tions for the holding. management,
and improvement of real estate in the
City of Washington, in the United
States, usually enjoy or are made sub
ject to. ~ sef 4..fe
SEC. 2. And be it further enacted
THAT the capital stock of said com.
pany shall not be less than two hum
dred and twenty-seven thousand dol
lars, be divided into shares of five
hundred dollars each, and shall be
deemed personal estate, and be trans
ferrable upon the books of the said
corporation. 81 -, :,
SEC: 3: And be it further enacted.
| That the officers of the said corpor1
alton shall consist of president and
treasurer, with board of directors.
OF whom the President and treasurer
may be members, but the number of
the directors may be fixed by the
shareholders in the bylaws of the
corporation. The president shall
preside at the meetings of the corpo-
ration, sign certificates of the stock
issued to stockholders, and shall have
a general oversight over the business
and affairs of the corporation. the
treasurer shall safely keen and dis
burse all of the moneys of the cor
poratlon under the direction of the
board of directors; the directors
shall manage and control the property
of the corporation, and make con-
tracts in relation thereto; the treas
urer, or other officer appointed by the
bylaws. shall keep the records of the
transactions of the corporation. and
shall countersign the certificates of
stock issued to the STOCKHOLDERS. t t
= SEC. 4. And be it further enacted.
THAT all the officers of the said cor
poration shall hold their Offices for
one year, and until their successors
are elected and qualified to act. unless
they shall be sooner removed bv the
direc tors. The first meeting of the
corporation may be called bv any
person named herein by giving pre-
vious notice of not less than five davs.
to all the other persons herein named
of the time and place of such meet
ing. The annual meetings hereafter
shall be called By the treasurer or
other officer designated by the board
and be held in she city of Washing,
ton, at the National Hotel building.
on the first Wednesday in january in
each year, notice of which shall be
sent to the post office address of each
stoekholder for ten days before the
time for the holding of such meeting
and special meetings of the corpora
ton may be called in the manner and
time to be prescribed by the stock
holders. ao Va14as ea1nf1 iATQt
SEC. 5. And be it further enacted
That each stakeholder shall beindi.
vidually liable for the debts of the
corporation to the amount of stock
held by each respectively: and Con.
gress hereby reserves the right to
amend, alter, or repeal this charter at
pleasure. 7rd Tafs 8if sl
Approved, July 13, 1868. aa