Daily national Republican. (Washington City [D.C.]) 1870-1872, 1870-06-15

lh0 trustccs now IN Oillcc, or those who may
hereafter be appointed or elected under the
provisions Of this division, shall have power,
under the direction Of the society or congrU-
CATION by whom they were olccicd or APP
pointed, TO execute mortgages, on deeds OF
trust In tho nature Of mortgages, Of aud con
corning the estate aud property which any so
cicty or congregation arc authorized by this
division To hold, or lease the Same for term
not exceeding ten years. And such mort
gngcs, deeds, and COnyoyances shall have the
same effect and bo enforced by the same rem
cdlos and proceedings as like mortgages,
deeds, leases and cOnycyanccs made by natu-
raj persons, anything In this division 10 the
contrary notwithstanding.
The provisions Of this division arc intended
to extend tO members Of societies heretofore
or hereafter 10 be formed for the purpose Of
establishing and maintaining private schools
for religious purposes.
This act shall not be 80 construed "a con-
fcrrng privileges or any benefits 10 such So
cletics under the school laws Of this District.
SOCIETIES, BENEVOLENT, EDUCATIONAL AND
so FORTH.
Sec. .. And bC u JuiThCr. enacted That any
three or more persons Of full age, citizens Of
the United states, 9 majority Of whom shall
sucatc themselves for benevolent charitable,
educational, literary musical, scientific, re-
ligiOus, or missionary purposes, including 50.
cletlos formed for mutual Improvement or
for the promotion Of the arts, may make,
sign and acknowledge before any officer au-
thorlzcd 10 take the acknowledgment Of deeds
In this District, aud Alc In the office of the
register of deeds, TO be recorded by him a
certificate In writing In which shall he stated
the name or title by which such society shall
be known In law, the particular business and
object Of such society, the number Of trustees,
directors, or managers Of such society, for the
first year Of IL existence.
Upon filing n certificate, as aforesaid, the
persons who shall have signed and acknowl-
edged such certificate, and their associates
and successors, shall thercupon by virtue Of
this act, be body polite and corporate, by
the name stated In such certificate; and by
that name they and their successors may have
| and use common seal, anil the same may
alter and change at pleasure, and make such
bylaws and they aud their SUCCESSORS, by
their corporate name, shall In law he capable
Of taking, receiving, purchasing and holding
real and personal estate necessary for the pur-
poses Of said society rs stated in said ccrtin-
cate and may sell and convey tho same; 10
/ elect officers aud agents Of such society for
the management Of the business.
The society 30 Incorporated may annually,
or oftcner elect from It's members, Its trus-
| tees, directors or managers, nj such time and
place, In such manner as may be specified In
its by-laws, who shall have tho control and
| management Of the affairs and funds Of said
society, a majority of whom shall be quo
rum for the transaction Of buslnoss, and
whenever any vacancy shall happen amoug
| such trustees, directors or managers by death,
resignation or otherwise, such vacancy shall
be filled In such manner as shall be provided
by the bylaws Of sud society.
| The provisions Uf this act shall not extend
to nor apply TO any association or individual
\ who shall, In the certificate fled with the reg
lstcr Of deeds, use or specify name or style
the same as that Of any previously existing In
cUrporatcd body In the District Of Columbia.
Any corporation formed under this act shall
be capable Of taking, holding, or receiving
any property, real or personal, by virtue Of
any gift, purchase, devise, or bcgucst, neces-
sary for the purpose Of said society, as stated
in said certificate, or In any other manner.
Tho trustees, directors, or stockholders Of
/ any existing benevolent, charitable, educa-
tlOnal musical, literary, scientific, religious,
or missionary corporation, including societies
formed for mutual Improvement, may, by
conforming To the requirements Of the several
sections Of this act, rclncorporato themselves,
or continue their existing corporate powers
| under this act, or may change their name,
stating In their certificate the original name
/ Of such corporation NJ well " their now name
assumed; and all tho property and effects OF
such existing corporation shall vest In and
belong to the corporation 80 rclncorporatcd
or continued. Corporations under this dlyi-
| sion may he organized for any term not OK
cceding twenty years, tho term 10 lie stated In
the certificate mentioned In the first section.
The corporations formed under this act
may sell and dispose Of any real estate they
may acquire by purchase, gift, or devise, as
follows: Whenever any lot purchased for the
use of, q Che S35p9@sSn or any building erected
for which said lot was purchased or said build
ing erected, 10 he determined by vote Of
| twO-thirds Of the shares Of the stock Of said
| corporation or the members Of said corpora
ton, at meeting OF the stockholders or cor
porators or members Of said corporation
| specially called for that purpose, the proceed
ings Of which meeting shall be duly entered
In the records Of said corporation, said lot or
/ building may be sold aud the proceeds there
/ Of may be vested In another lot, or In the
erection Of another building or both.
When any real estate shall have been de-
yiscd or given TO any such corporation fora any
specified benevolent purpose aforesaid, and
where, by vote Of thrce-fourths Of the stock
| held by the stockholders, or thTec-f Ourths Of
| the cOrpOratOrs, II no shares of stock have
been created, or any corporation formed I'M
der this act then by vote Of three-fourths Of
] the members thereof at a meeting called for
the purpose, Of which such stockholders or
cOrpOraions or members as aforesaid shall
/ have at least ten days notice, the said corpO-
/ ration shall determine TO surrender their cor
pOratc powers and cease to act under the
same, said real and personal estate, so ac-.
| quircd as aforesaid, shall be sold at public
/
Of said sale having been given, and the pro-
.cccds Of said sale cquitably distributed among
| the stockholders or cOrpOrators aforesaid, or
| disposed Of for the promotion and advance
mont Of tho objects for which such corpora
ton was originally organized, Prooidcd,
| That no corporation created by this section
shall hold real estate more than five years,
except 50 much a. shall be necessary for the
purposes named In the certificate.
MANUFACTURING, AGRICULTURAL, MINING,
AND MECHANICAL CORPORATIONS.
Sec. 4. And BE- il further endctcd, That at
any time hereafter any three or more persons
who may desire To form q company for the
purpose Of carrying on any kind of manufac-
| turing, agricultural, mining, mechanical busi-
| ness, Insurance, mercantile, transportation,
or marketing In the District Of Columbia, may
make, sign, and acknowledge, before some
officer competent to take the acknowledge
mCnt Of deeds, and file In the Office of the
register Of deeds, certificate In writing, In
which shall be stated the corporate name of
the said company and the objects for which
said company shall he formed; the amount Of
the capital stock Of said company; the term OF
Its existence, not 10 exceed twenty years; the
number Of shares Of which the said stock
shall consist; the number Of trustees and their
names, who shall manag mo concerns of
| said company for the first year; and the name
Of the place In said District In which the
operations Of said company arc TO be car
/
| When the certificate shall have been filed
as Aforesaid, the persons who shall have
| signed and acknowledged the same, aud their
successors, shall be a body polite and cor
porate In fact and In name, by the name
stated In such certificate and by that name
have succession, and be capable u suing and
being sued In any court Of law or equity In this
District OF Columbia; and they and their sue
| cessOrs may have common seal, aud make
and alter the same at pleasure; and they shall
by their corporate name bo capable In law Of
purchasing, holding, and conveying any real
or personal estate whatever which may be
necessary to enable the said company 10 carry
| on their operations named In such certificate,
but shall not mortgage the same or give any
| Hen thereon, except In pursuance Of u vote Of
the stockholders Of said company.
The stock, property, and concerns Of such
company shall be managed by not less than
three nor more than nlno trustees, who shall,
respectively be stockholders, and majority
OF whom shall he citizens Of the District Of
Columbia, who shall, except for the frst year,
be annually elected by the stockholders at
such time and place as shall be determined by
the ~ nj Ia aEaNR nf