Chapter CCCXVIII. to amend the Charter of the Grütli Verein Association
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CHAP. CCCXVIII.— An Act to amend the Charter of the Grütli Verein Association.March 3, 1873. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* ThatGrütli Verein Association of Washington, D.C., may issue building stock. &c. the Grütli Verein Association of Washington, District of Columbia, be authorized to issue building-stock to an amount not exceeding fifty thousand dollars, to be divided into shares of the par value of fifty dollars each, payable in such installments, and under such conditions as shall be determined by a building committee of five, to be chosen from the stockholders, by a stock vote, when twenty thousand dollars of said stock shall have been subscribed, and thereafter annually.
Section 2. ThatBuilding committee to have control. said building committee shall have the entire control and management of said stock and its investment, and of any land purchased or building erected by means thereof, until the subscriptions are paid in, and the building completed, when their functions shall cease, and the said land and building shall thereafter be held and directed by, and be for the use and benefit of, said association in perpetual succession. Approved, March 3, 1873.