Chapter CXXV. *to incorporate the “Capitol Hotel Company,” in Washington City, District of Columbia.* March 3, 1865. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That Charles C
491 words·~2 min read·
/statutes-at-large/vol-13/chapter-cxxv-2409010·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Chap. CXXV.— An Act *to incorporate the “Capitol Hotel Company,” in Washington City, District of Columbia.* March 3, 1865. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That Charles C. Little and A.Capitol Hotel Company incorporated. C. Washburn, of Boston, in the State of Massachusetts; George Folsom, Charles A. Stetson, and Frank Moore, of New York city, in the State of New York; and Z. C. Robbins, of Washington, in the District of Columbia, and their associates and successors, be, and they are hereby, incorporated and made a body corporate, by the name of “The Capitol HotelName.
Company,” and by that name may sue and be sued, plead and be impleaded, in any court of law or equity, of competent jurisdiction, and be entitled to use and exercise all the powers, rights, and privileges incident to such corporation, for the purpose of establishing and maintaining in saidPurposes of corporation. city of Washington building or buildings for a hotel, with rooms, shops, and offices, to be used therefor and therewith; and they may purchase and hold real and personal estate required and convenient therefor; and may,540THIRTY-EIGHTH CONGRESS.
Sess. II. Ch. 125, 126. 1865 after construction thereof, sell, convey, or lease, and receive rent therefor in whole or in part, as they may choose and find for the interest of said corporation. Sec. 2. Capital stock.*And be it further enacted*, That the capital stock of said corporation shall not exceed the sum of one million five hundred thousand Shares, transfer.dollars, and that the stock shall be divided into shares of one thousand dollars each, and shall be deemed personal property, transferable in such manner as the said corporation by its by-laws may direct.
Sec. 3. Directors.*And be it further enacted*, That the government and direction of the affairs of the corporators shall be invested in a board of directors, not less than five in number, who shall be elected by the stockholders Annual meeting.at their annual meeting, which shall be held on the first Monday of May in each year, from among the corporators and their associates and successors, to such manner as the by-laws of said corporation may direct. Sec. 4. By-laws, &c.*And be it further enacted*, That the said corporation shall have full power to make and prescribe such by-laws, rules, and regulations as they may deem needful and proper for the disposition and management of the stock, property, estate, and effects of the corporation, not contrary to the charter or to the laws of the United States and the ordinances of the city of Washington, and shall have power to alter or amend the same, from time to time, as the interests of the corporation, in their opinion, may require.
Sec. 5. Act may be repealed, &c.*And be it further enacted*, That this act may be altered, amended, or repealed, at the pleasure of congress. Approved, March 3, 1865.