Chapter LXXV. *to incorporate the Washington and Boston Steamship Company*
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CHAP. LXXV.— An Act *to incorporate the Washington and Boston Steamship Company*. May 4, 1870. *Be it enacted by the Senate and Bouse of Representatives of the United States of America in Congress assembled*, That James S. Grinnell, WendellWashington and Boston Steamship Company incorporated. T. Davis, Horatio Browning, Alpheus Middleton, W. Albeit King, Andrew Potts, A. Gaddis, jr., Edward Hartley, Edwin A. Ryther, William L. Wall, G. M. Wright, William H. Morrison, George P.
Goff, George W. Potter, H. F. Zimmerman, and Henry Mayo, and J. W. Seaver, and J. J. Newcomb, and John W. Boteler, Samuel Cross, George Waters, George Rogers, and their associates and successors, or a majority of them, are hereby created and constituted a body politic and corporate, by the name and style of the Washington and Boston Steamship Company. Sec. 2. *And be it further enacted*, That the capital stock of said companyCapital stock. shall not be less than fifty thousand nor more than five hundred thousand dollars, to be divided into shares of one hundred dollars each.
Sec. 3. *And be it further enacted*, That said company is authorized andPowers of corporation. empowered to establish and run a line or lines of vessels, propelled by steam or other power, between the cities of Washington, Georgetown, Alexandria, Norfolk, and other ports in the State of Virginia, on the Potomac river, Chesapeake bay, or the tributaries of the same, and Boston, in the State of Massachusetts. Sec. 4. *And be it further enacted*, That said company is authorized toReal estate &c. purchase, hold, and grant such real estate, not exceeding in amount one hundred thousand dollars, as may be necessary to carry into effect the purposes of this act, and to build all necessary docks, wharves, and buildings thereon for their own use; may transport passengers and freight of every description, subject to the rules and regulations and laws of the United States; may sue and be sued; may have a common seal, andCommon seal. generally may have and possess the rights and privileges usually possessed by similar corporations.
Sec. 5. *And be it further enacted*, That the affairs of said companyOfficers and agents. shall be managed by such officers as the stockholders in general meeting shall elect, and such agent as may be appointed by the board of directors. The persons named in the first section of this act, or a majority of them,Meeting for organization. may call a meeting of the stockholders for the purpose of organizing said company, at such time and place as they may determine upon, after advertising the time and place of such meeting for ten days, in one or more newspapers published in the city of Washington.
The officers of saidTenure of office of officers. company once elected shall hold their offices until their successors are chosen. Sec. 6. *And be it further enacted*, That the said board of directors mayBy-laws. make all necessary rules and by-laws for the transfer of the stock and the general management of the business of said company ; and each stockholderPersonal liabilities. in said company shall be liable for all claims against the same to an amount equal to the stock which said stockholder shall have in said company.
Sec. 7. *And be it further enacted*, That this act shall be enforced fromAct when to take effect; the passage thereof. Sec. 8. *And be it further enacted*, That Congress may at any timemay be altered, &c. hereafter alter, amend, or repeal this act. Approved, May 4, 1870.