Chapter CXX. *to incorporate the Continental Hotel Company of the City of Washington.* March 3, 1865. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Continental Hotel Company incorporated
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Chap. CXX.— An Act *to incorporate the Continental Hotel Company of the City of Washington.* March 3, 1865. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Continental Hotel Company incorporated. That Lewis Delmonico, of New York City, B. B. French, Henry D. Cooke, John W. Forney, of Washington City, Stephen Flanagan, William Overfield, Jr., J. Warren Brown, of Maine, Thornton Smith, George D. Kellogg, and George Plowman, of Philadelphia, and their associates, and all persons who now or hereafter may be holders of the stock hereinafter mentioned, shall be, and they are hereby, declared to be constituted a body politic or corporate by the style of the Continental Hotel Company, to have perpetual succession, to bePowers. capable in law of suing and being sued, to have a common seal, and to have, hold, receive, enjoy, and take, either by absolute conveyance in fee simple or upon ground rent, and in case of a conveyance upon ground cent with power to execute the necessary covenant for securing the payment thereof, such real estate as may be necessary or proper for the construction of a hotel in the city of Washington, with such supplementary buildings as may be adapted to and form part of the general plan and design thereof, with power to furnish and equip the same for the accommodation and use of any parties who may be desirous of renting and occupying the same, and the real estate, or any part thereof, when in the opinion of said corporation it may be proper to do so, to sell and to convey to any person or persons who may be desirous of purchasing the same the furniture and equipment thereof.
Sec. 2. [*And be it further enacted*,] That the capital, stock of saidCapital stock. corporation shall not exceed two million dollars, divided into twenty thousand shares of one hundred dollars each, and that it shall be held as personal property, and may be transferred under such regulations as the corporators shall judge convenient. Sec. 3. *And be it further enacted*, That a general meeting of the corporatorsAnnual meeting. shall be annually held on the second Monday of January, for the election of five managers, and the transaction of other business; but ifManagers. such meeting or election shall not then take place, the corporation shall not for that cause be dissolved, but such meeting or election shall take place as soon thereafter as may be, one week’s public notice thereof being first given in at least two daily newspapers in the city of Washington.
Sec. 4. *And be it further enacted*, That the election of managers shallElection of managers. be by ballot from among the corporators, and that in the enactment of by laws for the government of the corporation and its officers, and in the decision of all questions, whether of election of officers or disfranchisement of corporators, either because of their delinquency in paying for the amount of stock by them purchased of the corporation, or for other causes, and on all questions at the meetings of the corporation, the corporatorsVotes, proxies. present, either in person or by proxy, shall severally vote once for each share of stock held by them. 538 THIRTY-EIGHTH CONGRESS.
Sess. II. Ch. 121, 122. 1865. Sec. 5. Officers.*And be it further enacted*, That the managers shall continue in office until their successors are elected; they shall elect a president Vacancies.from among themselves, supply vacancies in their number, whether occasioned by death, resignation, or refusal to act, and shall have the general and entire control of the affairs and interests of the company, except so far Quorum.as may be otherwise provided by the corporators. Three members shall he a quorum at these meetings.
Sec. 6. Corporators to be managers until, &c.*And be it further enacted*, That until other officers shall be duly elected, the persons named in the first section of this act shall be held to be managers of the said corporation, and shall have power and authority as such. Sec. 7. Act may be amended.*And be it further enacted*, That congress may at any time hereafter alter, amend, or repeal this charter. Approved, March 3, 1865.