Year: 1862

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J SEC. H. And Be IL further cnaetea, Tha
! all articles of value that may be mad
. vcrtantly left in any of the cars o,


other vehicles of the said compan,
shall be taken to their principal depot


and entered in book of record Of nm


claimed goods, which book shall be
open to the inspection of the public n,


all rcas sonablc hours Of business.


SEC. IL. Ind teh further enacted, Tha,


said corporation shall on demand o


the President Of the United States


Secretary of War, or Secretary Of the


Navy, cause to be transported over
said railway any freight cars laden
with freight for the use of the United
States the officers causing such SER
vice to bc done shall pay reasonable
compensation therefor.


SEC. IS. And Je Il further enacted, That
within five days after the passage of
this act the corporators named in the
first section, or majority Of them, or
If any refuse or neglect to act. then a
majority of the remainder, shall cause
books of subscription to the capital
stock of said company to bc opened
and kept open, in some convenient and
accessible place in the city of Wash.
ington, from nine o'clock in the fore
noon till five o'clock in the afternoon,
for period to be fixed by said corpo.
rators, not less than two days, and
said corporators shall give public
notice, by advertisement in the daily
papers published in the city Of Wash.
ington, of The time when and the place
where said books shall be opened, and
subscribers upon said books to the cap.
ital stock Of the company shall he held
TO bc stockholders Prorided, That ev-
cry subscriber shall pay at the time of
subscribing twenty-five per ccntum of
the amount by him subscribed to the
treasurer appointed by the corporators,
or his subscription shall be null and
void. If at the end of two days a
larger amount than the capital stock
of said company shall have been sub.
scribCd, the books shall bc closed and
the said corporators named in the first
section shall forthwith proceed to ap-
portion said capital stock among the
subscribers pro rata, aud make public
proclamation of the number of shares
allotted to each, which shall be done
and completed on the same day that
the books are closed Prorided, fmthrr
That nothing shall be received in pay
mcnt Of the twenty-five per ccntum at
the time of subscribing except money
or checks or certificates of deposit en-
dorsed good" by the president or
cashier of some good solvent bank or
banks And when the books Of sub
scription to the capital stock of said
company shall be closed, the corpora
tors named in the first section, or
majority of them, and in case any of
them refuse or neglect to act, then
majority of the remainder shall, within
twenty days thereafter, call the first
meeting of the stockholders of said
company, to meet within ten days
thereafter, for the choice of directors,
of which public notice shall be given
for five days in two public news
papers, published daily in the city of
Washington, or by written personal
notice to each stockholdcr by the
clerk of The corporation and in all
meetings of the stockholders each
share shall entitle the holder TO one
vote, to be given in person or by
proxy.


SEC L. And be az furlher enacted, That
the government aud direction of the
affairs Of the company shall be vested
in tue board Of directors, seven in
number, who shall be stockholders,
and who shall hold their Office for one
year and till others are duly elected
and qualified to take their places as
directors and the said directors Ga
majority Of whom, the president being
one, shall be quorum shall elect one
Of their number to be president of the
board, who shall also be president Of
the company and they shall also
choose treasurer, who shall give
bonds with surety to said company,
in such sum as the said directors may
require, for the faithful discharge of
his trust. In case Of u vacancy in the
board Of directors by the death. rcsig-
nation, or otherwise, of any director
the vacancy occasioned thereby shall
be filed by the remaining directors.
SEC. Is. iad belt further enacied, That
the directors shall have full power to
make and prescribe such bylaw, rules
and regulations, as they shall deem
necdful and proper touching the dis
position and management Of the stock,
property, estate, and effects OF the
company, not contrary to the charter,
or to the laws Of the United States,
and the ordinances OF the cities Of
Washington and Georgetown.


SEC. l6. And Be IL further enacted, That
there shall be an annual meeting OF
the stockholders for choice of directors,
to be holden at such time and place,
under such conditions, and upon such
notice, as the said company in their
bylaws may prescribe; and said d.
rectors shall annually make a report
in writing Of their doings to the stock
holders and to Congress.


SEC. II. Aad be Il further enacted, That
the Mayor, Common Council, and the
several officers of the Corporation of
the cities of Georgetown or Washing
ton, and the said Corporations are
hereby prohibited from doing any act
or thing TO hinder, delay, or obstruct
the construction or operation of said
railroad, as herein authorized


SEC. Is. Aad be IL further enacted, That
the said company shall have at all
times the free and uninterrupted use
of their roadway, and if any person
or persons shall wilfully and unneces-
| sarily obstruct or impede the passage
on or over said railway, or any part
thereof, or shall injure or destroy the
cars, depot stations, or any property
belonging to said railroad company
the person or persons SD offending
shall forfeit and pay for every such
offence the sum of five dollars to said
company, and shall remain liable, in
addition to said penalty. for any loss
lor damage occasioned by his, her, Of