The national Republican. [volume] (Washington City [D.C.]) 1866-1870, 1869-05-18

torrIorAL.1


rtssntdtiv,s Of n. United States Of 1msrisa IN
Congress assembled, That James A. Ma
pruder, John L. Kidwell, G. II. Cragin, John
W. Thompson, Hallot Kilbourn, Alexander
r. Shepard, and William II. Tenney, Of the
District Of Columbia, together with such
other persons as may become associated
with them for that purpose, together With
their successors, are hereby created and
erected into body corporate and polite, 10
deed and In law, by the name and title OF the
National Junction Railway Company, and
by that name have perpetual succession, and
shall be able TO sue and TO be sued, TO plead
and be implicated, 10 defend and be defended,
In the courts Of law and equity within tho
District OF Columbia, and may use common
seal, and may adopt bylaws for the rcgulai
ton Of its government.
Sec. Q. Ind BE- farther enacted, That the
said corporation Ia hereby fully authorised
and empowered TO survey, locate, lay out,
construct, collect tolls upon, maintain, and
enjoy railway line, with appurtonances
and machinery necessary for one or more
tracks, within tho District Of Columbia, COM
mencing at the northern terminus Of the
aqueduct bridge, ID the city Of Georgetown,
or at some eligible point on the south shore
Of the Potomac river above and near said
bridge; thence In q northeasteriy direction
by the most feasible route crossing Rock
nossing tb,nTsh aitbsr a. r. or n street
,oss, TnorthN / Around The eity Of Washiua.
ton. crossing the branches Of the Baltimore
and Ohio railroad upon the legally estab-
lished grades Of the city, In such manner
as not to be dangerous to passengers and
trains on either road; thence to a point most
feasible on the Potomac river, or Eastern
branch of the same, at or near the navy yard,
at point to be indicated by the Secretary OF
the Navy, with the rights, powers, and prlyi-
leges to construct the said road, the grades
| of the road 10 be approved By the authorities
Of the cities Of Washington aud Georgetown;
also the privileges OF locating aud construct.
ing grand Union depot on the limo Of said
road, at some point between Third street
west and Fourteenth street west, In WASH
ington city; also similar depot at some
convenient point 10 Georgetown, near the
said aqueduct. ~
Sec. 2. And be u firthsr enacted, That the
capital stock Of said National Junction rail-
way shall consist Of FIVE thousand shares OF
one hundred dollars each, which shall In all
respects be deemed personal property, and
shall be transferable In such manner as the
| bylaws OF said company shall provide
Sec. 4. Aid be u further sndetsd, That II
shall be lawful for the aid Natitnal June
| ton Railway Company, II deemed necessary,
to borrow from time 10 time sums Of money
| not exceeding Ave hundred thousand dollars,
and to issue bonds therefor, bearing interest
not exceeding seven per centum, payable
| scmi-annually, and TO mortgage as security
therefor nli the corporate rights, franchises,
property, real and personal, OF whatever
| kind soeycr, belon ging 10 said company. &. q
o. .,,5h.u s,r,h., ,,,r.,,d That ,be
$1,000 horni,, ,,ar,SoJ ne cnrn,rnpcr.. nv n
PSis 81 ,n.,s .Sau ,.,,b,p aJnn,y 49,
n anSoi,S VI sn, an5 annroSai ~ ri
"ct meat in ibs rdty If Washing.
49, co. ~ n,,r,oso ~ yrosn,jtJrs sssS,
ioi,on. far oncnlpg ,,oo.a ~ s1bsedrt1on
80 IN oant,o al s,ocT al stE, Iir,ea ana IL "a
W .ha,, dostOna,o ~ ~, iifc ,itSs ~ 4,
rs, ~, u 49, in i've d.ii M, ,.r. in ~. ci.~
~ W"sI,,n';,on. anS sa,d hpots shai, he tar,
VI -. ,,.,,, 80 ,Sroa ,bousana aa,,sr ~
oP,H 1 tmi nj, n. sn,sa.,hoa ~ $500
nar oon,,,r, on al, snbscrintions shaii he nai3
l., ia,,r,,I rnoney al Inc t2ne n .rhs crih,ns
io th" nnrsno az ncrsnn. at,thorizaJ nv ~
70 10 reccys The same, ana When.
oUar ,ha, a mo,nt sb.Il ha - EssJ s,thsrtibed
orJ ,wsntv nor centrum Of the sams t,ald n .
as oboye described. M sball be the duty OF
the aboye.paned corporators IN majority of
them shall constitute a quorum for tho trans
| action of busincss) to cali A meeting Of the
| stock holders nj the city Of Washiurtmsfor
the purpose Of electlnp directors OF The .saId
CORPORATION. and each share of said stock on
which the said twenty per centum has been
Maid ms bereiubeforc provided shall eptItle
The owner to one vote. The corporators
herein named shall designate a majority Of
their number to Act as lnst,eCtors III alec,
tons; which majority OF inspectore so dcsiet
mated shall certify, under their names, the
directors thus duly elected, and shall notify
| them of their election and the time and place
of the first meeting OF The said board OF d.
rcctors. AT such meeting the atotc eorpqr- y
ators shall deliver to the said directors the
1
| National Junction Railway Company, to-
gether with the amount paid thereon, with
full report Of their proceedings under this
act, and thereupon the duties OF the CORPORA
tors hereinbeforc named shall cease and de-
terminc forcScr; aud thereafter the said d.
rectors, with their successors d. designs,
shall constitute the said body polite and cor
porate. The directors thus chosen shall hold
their Office for one year and until others are
elected aud Qualified to All their places. A
majority OF said directors shall constitute a
quorum for the tr transaction Of business.
Soc a A,dL. II G,,.,h,, s,o.t.i That tho
said dIrectors shail' nj THAR flrst mcetIna
elect from their own number a president and
vice president. They NAV els5, from time
| to time, elect q treasurer, q secretary, chief
engineer, and general superintendent, to-
gether with such other officers, agents, and
employees as they may deem necessary, each
| oil whom shall mold OtlCe or position during
| the pleasure of said board of directors, The
directors shall have power to All all yacan-
| cIes in the board which NAV be caused Inv
death or resignation, except "A berelnbefore
provided for. The treasurer and secretary
shall give bonds with security, as the board
shall from time to tire require, MeetInqs
of the stockholders of the said CORPORATION
for the election of directors, and for The
transaction of business. shall be holden an
nually, and at such other times and mon
such notice as NAV be prescribed bv the nv.
laws. The directors Of the said cofporstion
NAV reouire Inc subseribers To the canitaI
stock to pay the amount by them subsoribed,
respectIyely. at such times, In such manner
and in such instruments as thew NAV deem
proper; and il any stockholder shall refuse
or neglect TO nav apy instalment. az reoulred
by n Re- olutlon of the board of directors. Inc
said board NAV forfeit said stock for non.
payment, and all previous payments shall
revert in law md in eouitv 10 The soid cor
porotion under such regulations. or NAV snc |
for and collect the unnsId InstaImcnts IN anv
court of Competent iurlsdIctIon,