The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1870-10-28
AN ACT to incorporate the National Bolivian Com


pany.
be IL ,raet,d By "a, Senate and House Of Repre-.
oRtaiIus, Of tAs Usned STATES Of InUica IN Goa
yr,ss assembled, That, George L. Church, Villa
II. Reynolds, Jerome ID. Chafiee. =. L. NJ. Barlow,
James 3. Nlackie, Charles A. Lambard, and George
r. Wilson, and such other persons as may DO asso-
ciated with them and their SUCCESSORS, created
tile Of g the NATIONAL BoiTisa NSyisation CSmpany
and by that name shall have perpetual succession,
AMI shall be able 10 sue and DO sued plead and be
implicated defend and be defended, In all courts OF
Law and equity within the United States, and may
make and have q common seal And the said cor
pOratiOn shall have power to own, sell, build, pur-
chase, mortgage, and charter steam and other
vessels, and employ the same In navigation between
the United States and the ports OF South America,
or upon the rivers and nayignble waters Of Bolivia
and Brazil, and may hold such real and personal
fl In connection with the said business, and may,
under authority Of the Peruvian and Bolivian
governments, engage public works Connected with
such transportation, or which may become necessary
in order TO develop the same n upon, or near the
said rivers and for that purpose may issue Its bonds
OF other obligations secured by pledge Of It's pro.
States shall not DO responsible for loss or damage
resulting fOm the transportation Of property 20,
Investment made In, any foreign country.
Sac. 2. Iad BE- % Farther enacted, That tho capi-
tai stock Of the said corporation 81 ali be one million
OF dollars % be divided into shares or hundred
dollars each and said shares Of sock shall be per-
sOnal property transferable on the books OF tho
creased nom time 10 time as may DO necessary, for
the general purposes OF said company,
SIC. J. fad BE- % 6srtAu enacted, That the said
company shall have power 10 make such bylaws a.
IL deems proper for the disposition or the property
and estate Of the company, the management OF its
business and airs, the term 0f Office and duties OF
its officers and servants and 10 carry out the gen
eal objects OF the corporation, and to amend OF To
repeal the same at pleasures PROVIDED, That such
bylaws shall not conflict with any law Of the United
states.
Sac. 4 And BE- u further s.setsd, That the stock.
property, and Affairs of the said corporation shall be
managed by board consisting VI not more than
nine OF less than hyo directors, and they may APP
point president and such other officers and employ
such agents, as they deem proper.
sEc. 5, lad b 81 lariAsr s.aefsi, That the
corpoors named In this net shall 10 tho directors
for ,he first year nom the organization II the COM
pany, and thereafter annual elections cf direotois
by the stockholders shall be held ut meetings 10 be
called for that purpose, at which each share OF
stock present. In person or by proxy, shall be en-
titled 10 one vote and majority OF tho stock thus
represented shall elect.
Sac. 6. I.d BE- q FARTHER enacted, That this act
shall take effect Immediately.
Sac. Z. .i.a 81 q fsrtAsr ,s.eisd, That the
principal Office OF the company shall be located In
the city Of New York, and that Congress shall have
power 10 alter, amend, or repeal this act at any
time.
Approved, June q, ls7O