Smyrna times., 1871-03-15
IPuBLIc-No. 1851
An Act TO incor porate the National Bolivian Navi
PatIoH Comnanv

An Act TO incorporate the National Bolivian Navi. |
cation Company.
Be it enacted by the Senate and House of Rep.
resentative OF the United States Of America in Con
gress assembled, That George F.. Church, vii. |
liam ii. Reynolds, Jerome b. Chaffce, 5. L. M. |
B .rlOw, James S. Mackie, Charles A. Lambard,
and George F. Wilson, and such other persons as
may be associated with them and their successors
are created a body polite and corporate by the
name, sty le, and title Of the National Bolivian
Navigation Company. and by that name shall have
perpetual succession, and shall be able to sue aud
be sued, plead and be mpleadcd defend and be
defended, in all courts OF law and equity within the
United States, and may make and have a common
seal. And the said corporation shall have power
TO own, SELL build, purchase, mortgage, and cha rter
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 navgahl
waters Of Bolivian and Brazil and may hold such
real and personal property OF every kind may he
necessary useful in connection with the said
business, and may, under authority of the Peruvian
and Bolivian governments engage in public works
connected with such transportation, in which NAV
become necessary in order to develop the same in
upon, the said rivers, and for that purpose
may issue liz bonds other obi glo.,s secured by
pledge of its property and franchises Provided
That the United States shall not be responsible for
! loss or damage resulting from transportation OF
property to, or investment made in, any foreign
country.
| SEC 2 And be it further enacted, That the
capital stock of the said corporation shall be one
million Uf dollars, to be divided into shares of one
hundred dollars each, and said shares of stock sha II
he personal properly transferable on the books Of
the company only and said capital stock may be
increased from time TO time, may be necessary,
for the general purpose of sald company
SEC. 3. Aud be it further enacted, That the sai6
company shall have power TO max such by laws
1t deems proper for the disposition of the prop.
eTy and estate of the company the cement of
its business and affairs the term of office and dnties
of its officers and servants and 10 carry out the
general objects of the cOrpor alton, and 10 amend or
to repeal the same at pleasure: Provided That sucl,
y bylaws shall not conflict with any law of the
: United States.
s C. 4. And he it further enacted That the stock
property, and affairs of the said corporation shall be
managed by board consisting of not than
It nine less than five directors an they may appoint
e president and such other officers and employ sucl
At agents, they deem proper.
2. SIC ). And be il further enacted, That the cur
e. porators named in this act shall be the director
for the first year from the organization Of the com
pany, and thereafter annual election Of directors b
the Stockholders shall be held at The meetings 10 b.
called for that purp Mt which each share Of stoc
re present. III person or by proxy, shall be ntitIed Il
ID one vote, and majority Of the stock thus repre-
ID sented shall elect.
10 SEC 6. And BE it further enacted, That this ac
!. shall take effect Immediately.
EEC. 2. And he il further enacted, That the prn
~ cipal Office of the company shall be located in th
er city Of New York, and that Congress shall hav
by power to alter amtRd, or repeal this act at an
es time.
se Approved, Jane &c, 1870.