New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-05-24
rPrRLIC-NO. 49.l

AN ACT to incorporate the Washington
and Boston Steamship Company.
Be it enacted by the Senate and House
of Representative of the United States OF
America in Congress assembled, That
James S. Grinnell, Wendell t. Davis, Ho-
ratio Browning, Alpheus Middleton. w.
Albert King, Andrew Potts, A. Gaddis,
Jr.. Edward Hartley, Edwin A. Ryther,
William L. Wall, G. ". Wright, William
Il. Morrison. George P. Gofs, George w.
Potter, II. t. Zimmerman and Henry
Mayo, and j. ". Seaver, and j. J. New
como, and John W. Boteler, Samuel
Cross, George Waters, George Rogers, and
their associates and successors, or ma
jority of them, are hereby created and
constituted body polite and corporate,
by the name and style of the Washington
and Boston Steamship Company
SEC. 2. And be it further enacted, That
the capital stock Of said company shall
not be less than fifty thousand nor more
than five hundred thousand dollars. to be
divided into shares Of one hundred dollars
each.
SEC. 8. And be it further enacted, That
said company is authorized and en-
powered 10 establish and run line or
lines of vessels, propelled by steam or
Other power, between the cities Of Wash
ington, Georgetown, Alexandria, Norfolk,
and other ports in the State of Virginia,
on the Potomac river, Chesapeake bay, or
the tributaries of the same, and Boston, in
the State of Massachusetts.
SEC 4. And be it urther enacted, That
said company is authorized to purchase,
hold and grant such real estate, Got eX-
ceeding in amount one hundred thousand
dollars, as may be necessary to carry into
effect the purposes Of this act, and to
build all necessary docks, wharves, and
buildings thereon for their own use; may
transport passengers and freight of every
description. subject to the rules and regu-
lations and laws of the United States;
may sue and be sued; may have common
seal, and generally may have and posses
the rights and privileges usually possessed
by similar corporations.
SEC. 5. And be it further enacted, That
the affairs of said company shall be
managed by such officers as the stock
holders, in general meeting, shall elect,
and such agent as may be appointed by
the board of directors. The persons
named in the first section of this act, or
majority of them, may call meeting of
the stockholders for the purpose of or
ganizing said company, at such time aud
place as they may determine upon, after
advertising the time and place of such
meeting for ten days, in one or more news
papers published in the city Of Washing
ton. The officers of said company once
elected shall hold their offices until their
successors are chosen.
SEC. 6. And be it further enacted, That
the said board OF directors may make all
necessary rules and bylaws for the trans
fer of the stock and the general manage
ment of the business Of said company; and
each stockbolder in said company shall be
liable for all claims against the same to an
amount equal to the stock which said
stakeholder shall have in said company.
Sec. Z. And be it further enacted, That
this act shall be enforced from the passage
thereof.
SEC s. And be it further enacted, That
Congress may at any time hereafter alter,
amend or repeal this act.
Approved, May 4, 1870.