New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-09-23

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SEC. i. And b it further en.eted, That the
pcraffons, and the sdid corporations, are hereby
prohibited from doing any net SG t n =
~ es ds,aG,w ~ = Ansc S.sSssissd.
SEC. 49, And be it further enacted That tne sara
company shall have, ct all times, the iree aoe anih
terrupted use of the roadway. And il any person
or persons shall wilfuy and Unnecessarily onstraet
or sss 'ss st
Ing e said sIMsT sss ~
rnch off nse The snn Il ten dollars said company
"a be recovered and disposed OF IS other hnes and
penalties in said city and county and SHAH remain
damage occasioned by his her, or their act, as
aforesaid; but no suit shall be brought niess com,
inenced within sixty days after such offsnss shall
SEC is. And I've it fnrther enacted, That unless
said corporation shall make anS 5eSSmp.e. s.
and the ga stern terminus Of north street within
eight months after the company shall have been
and no rirhts 1hatsoever shall be acquired under
It and that the remainder Of said road shall Dc
completed M CO to ,ts Se
!. SIC 90 And be it further enacted, That no per
son shall be prohibited the right to travel on any
thereof, for any other cause than that OF beng
drunk, disorderly unclean, contasiously dlseasef,
Ss e ahs Of the
SIC q. And be it further enacted, That ea s:i
of the stockholders in the coums;a Ral,
for all the debts and liabilities of said
company to amount equal to the amount
of stock held by such stockhOder.
SEC ~. And be it further enacted, That al the
provisions of the act incorporating the Washington
and Georgetown Railroad Company, requirig re-
ports of expenditures, earnings, and otherwise,
shall he applicable to the company herein incor-
porated, which shall make reports as IN sad act
SEC. 81 And Ike it further enacted, That all acts
and parts OF acts heretofore passed when are IN
sO1 It, any q TIE tbs
hereby repealed so far as the same are Inconsistent
herewith. .
-NN TPuBL,c No. g. IT,.
AN ACT to Incorporates the National Union Savings
- Bank OF the District OF Columbia. ~e
Be it enacted by the Senate and House of Repre-
sentatives of the United States OF america IN Con-
grcss assembled That George Fl. Plant, William s.
W rSs%. ksr F. S Ssnn@1Ws
Snyder, A. L. Stnrtayant J: H. LathroP
Sahael Wilson T Nus E.ar 1s simm s.
Joseph Casey, James II. Latta, Henry. Willard,
William H. Philip, Alexander R. Shepherd, William
hereby created and their successors and assigns,
SHAH, be, and they are hereby declared 70 De- BODY
PCHs na S of the s Of Conm
ba, and by that name shall have succession anu pc
capable iii law to sue and be sne!l plead and be I'M
pleaded answer and be answered, defend and be de-
tended in all courts of law and equity and else
where; to make and to . common seal, and the
same to alter or renew at pleasure; and generally
to do and perform all things relative to the object
of this institution which is now or shall be lawful
for any individual or body polite or corporate to DO
GERS OF said corporation shall consist OF president
and vice president who together with seven trus-
whom. If the president or vice be present
shall constitute legal meeting OF such board for
the transaction of business.
SEC. 3. And he it further enacted That said cor.
poration shall meet annually in the month Of April
and as much oftener as they may judge exledlent,
and any seven members of said corporation, the
president, secretary or treasurer being one shau
he q. Quorum and the said corporation at their
annual meeting shall have power 30 eject
a president and treasurer, WHO s.iaI give
bond in the SIM, of ten thousand dollars
for the faithful discharge of the duties of his
Office and all such other officers as may De deemed
ne &C ssary which officers shall continue IL office
year and until others chosen in their stead
and all officers chosen shall be under oath TO the
faithful discharge Of the duties OF ther offices,
SIC. l. And he it further enacted That said corpo
ration may receive on deposit, for tine use ana
benefit OF the tepositers, all sums OF money offered
fer that purpose All such SUMS may he invested
in the stock OF any bank incorporated by Congress
or may be loaned ca interest TO any such bank or
may ne loaned on bonds or notes, with collateral Sc
curly Of the stock Of such banks at not more t.En
ninety per its par value or they may be
invested AT lin the public funds o, tie United
States of the several States. loaned pledge
Sasas Of feal estate: Provided Thai the whole
amount of stock held by the institution al one time
in any one bank both by way Of an a
tile capital stock such bank, and that not moro
than three-uarters OF tine whole sum deposited in
the institution shall be at any time invested IN
mort gaces of real estate The income or interest
of all deposits shall be divided among the deposi-
tors or thei, ra REPRESENTATIVES according to the
terms of interest stipulated; and the principal
may be withdrawn at such times or IN such manner
as the corporation shall in its bylaws direct.
- fv,n.n tod tfane @Fnn
Ger, director, committee charged with the duty
of investing the deposits shall borrow any portion
thereof or the same, except in payment Of the
| expenses of the corporations; and if any officer,
director agent, or other person connected Win
said bank. and interested with the funds or de-
posts thereof shall eulbezze or traudSilently con-
vert the same TO his own use, lie shall be deemed
guilty of LARCENY. and shah, conviction thereof
hy any court competent to Try the ofense, ne inn
piisoi!ed in the penitentiary moi ess than nor
SEC. g.. And be it further ennacted, That
the subordinate officers and agents of said
cnlity for their fidelity and good conduct as
quire, and said board shall fix the salaries OF such
officers and agents. -..
SEC. :. And be it further enacted, That the per-
named as cOrlorstOrs in the first section OF
this act shall he authorized to meet and organize
said bank by the election Of one Of their number
president, and one rs vice-prpsdenf, and there
up0n shall proceed to elect such persons as they
shall select to be added to their board OF managers,
so that the whole number Of trustees. managers,
SEC. g. And be it further enacted. That this cor:
their funds and Investments. Said returns shall
specify the following particulars, namely: Inc
number of depOstors; total amount OF deposits;
amount invested in bank stock and deposited in
bank on interest," amount secured by bank stock;
amount invested in public funds loans on security
of public funds loans mortgage OF real estate;
loans on personal securities amount OF cash on
hand; total dividends OF the year, annual expenses
OF the institution; all Of which shall be certified
a01 tn
the managers shall also certify and make oath that
the said return is correct according to their best
SIC 8. And be it further enacted That the books
of said corporation SHALL at all times during their
animation to the Comptroller Of the Currency or
depOsitOrs -.
SEC TO- And he it further enacted, That said cor
poraton may make by laws for the more orderly
management of their business. not repugnant to
Law; may have a common seal, which they may
change at pleasure; that all deeds grants, eoven-
ants, and agreements made by Their treasurer,
any other person by their authority shall he good
and valid; and said corporation shall have power to
sue and may be sued. defend and he heid TO an
swer by the name aforesaid
SEC IL. And be it further enacted, That the said
corporation shall file a bond, with security with
the clerk of the supreme court of the District to he
approved by of the judges OF the said court to
the United States in the penal sum of two hundred
satisfy to every depositor or person entitled such
the party may he entitled to-, within thirty
days after such deposit shall lee demanded; and
which bond may be sued by any depositor or per-
son entitled after such demand and refusal to pay
and that the said supreme court shall have power
time they may deem 1t necessary for the interest
| of parties interested.
SEC. II. And be it further enacted That Congress
shall. at all times, possess the power TO alter
Approved, Nay u, 1910.
fPrBLIC-No 70.
| AN ACT to incorporate the Trustees az the Cor
| co1an Gallery OF Art, and for other purposes.