, 1868-12-25
OFFICIAL.
LAWS OF THE UNITED STATES.
Passed al The Second Session Of ths Fortieth Cor


LAWS OF THE UNITED STATES.
Passed al the Second Session Of ths Fortieth Con
gress.
DsFg tPvBLIc-No. ee1
An Acr to incorporate The National Hotel Com
pany, of Washington city.
Be Il enacted By the Senate and House Of Repre-
senfatiues of the United States of america in Com
gress assembled, That George H. Calvert, r. G.
Weightman, James @. Mcclure, Zeph Euglish,
George H. Calvert, jr., and Charles b. Calvert,
their associates, sneeesors, and assigns, are
hereby created a body corporate and polite BY
the name of the National Hotel Company, in the
city of Washington, In the District of Columbia,
and by that name they are made capable Of tak>
ing, holding, managing, improving, purchasing.
leasing, for the sole purpose of erecting and
malntaining hotel as Aforesaid. real aud per-
sonh estate within said city Of Washington, not
exceeding Eve hundred thousand dollars in val
ue said corporation TO have common seal,
and the same may break, alter, and renew at
pleasure may prosecute aud defend 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 corporations for the holding, management
aud improvement of real estate in the city of
Washington, 10 the United States, usually enjoy
or are made subject to.
SEc. 2. And be IL further enacted. IThat1
the capital stock of the said company shall not
be less than two hundred and twenty~seveu
thousand dollars, be divided into shares of FIVE
hundred dollars each, aud shall be deemed per-
sonal estate, and be transferable upon the books
of the said corporation.
SEC. 3. And be it further enacted, IThat1
the officers of the said corporation shall consist
of II president and treasurer, with board of
directors, Of whom the president and treasurer
may be members, but the number of the direc-
tors may be fixed by the shareholders in the by
laws of the corporation The president shall
preside at the meetings of the corporation, 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 keep and disburse all of
the moneys of the corporation under the drec-
tion of the board ofdirecIo!s the directors shall
manage and control the property of the corpo-
ration, and make contracts III relation thereto
the treasurer, or other officer appointed by the
by~laws, shall keep the records of the transac,
tipns of the corporation, and shall countersign
the certificates of stock issued to the stocks
holders.
SEC. /. And Be ii further enacted, THAT all
the officers Of the said corporation shall hold
their Offices for year, and until their success
sors elected and qualified to act unless they
shall be sooner removed by the directors. The
first meeting of the corporation may be called
by any person named herein by giving previous
notice of not less than five days, to all the 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 the first Wednesday in Januh,ry in each year,
notice OF which shall be sent to the post office
address of each stockholder for ten days before
the time for the holding of such meeting and
special meetings ofthe corporation may be called
in the manner and time to be prescribed by the
stockholders.
SEC. 5. Aad be it further enacted, That each
stakeholder shail be individually liable for the
debts of the corporation to the amount of stock
held by each respectively and Congress hereby
reserves the right to amend, alter, repeal this
charter at pleasure.
Approved, July l3, 1868.