Chapter 3602. To authorize the Grand Lodge of the Independent Order of Odd Fellows of the District of Columbia to sell, hold, and convey certain real estate
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CHAP. 3602.— An Act To authorize the Grand Lodge of the Independent Order of Odd Fellows of the District of Columbia to sell, hold, and convey certain real estate. June 29, 1906. [[S. 6448](/us/bill/59/s/6448).] [[Public, No. 348](/us/pl/59/348).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, District of Columbia. Grand Lodge of Independent Order of Odd Fellows authorized to sell, etc., real estate in. That the Grand Lodge of the Independent Order of Odd Fellows of the District of Columbia, a corporation created under and by virtue of an Act of Congress approved June twelfth, eighteen hundred and sixty, be and hereby is authorized to sell and convey, for such sum as may be satisfactory to the several organizations hereinafter named as owners, those parcels Description of property. of ground in the city of Washington, District of Columbia, known and designated on the plat of said city as lot numbered eleven and part of lot numbered ten in square numbered four hundred and fifty-seven, together with the buildings thereon known as Odd Fellows’ Hall, the title to which property is now held in trust by the said corporation for the following organizations, owners thereof, namely:
Owners of. The Grand Lodge of the Independent Order of Odd Fellows of the District of Columbia; Columbian Encampment Numbered One, Independent Order of Odd Fellows; Central Lodge Numbered One, Independent Order of Odd Fellows; Washington Lodge Numbered Six, Independent Order of Odd Fellows; Columbia Lodge Numbered Ten, Independent Order of Odd Fellows; Beacon Lodge Numbered Fifteen, Independent Order of Odd Fellows; Excelsior Lodge Numbered Seventeen, Independent Order of Odd Fellows, and Eastern Lodge Numbered Seven, Independent Order of Odd Fellows, the consent of each of said several organizations being evidenced by a written instrument Proceeds. bearing the seal and the signature of its executive officers, the proceeds of said sale to be applied to the payment and liquidation of Erection of new buildings. an existing debt on said property, and the residue of said proceeds to be applied toward the purchase of other ground and the erection thereon of a building or buildings for like purposes as those for which the above-described property has been held, said ground to be purchased and the improvements to be held in trust for said abovementioned organizations according to their respective interests in the net proceeds of said sale of said Odd Fellows’ Hall, and for such other organizations of the Independent Order of Odd Fellows as may hereafter contribute to the cost of said ground and improvements according *Proviso*.
Purchase money. to the amount respectively contributed by each: *Provided*, That the purchaser or purchasers at said sale shall not be required to see to the proper application of said purchase money. 615 Sec. 2. That the said corporation shall be capable of taking and Realty holdings. Maximum. holding real and personal property in trust for said organizations to any value not exceeding the sum of five hundred thousand dollars, and shall have full power and authority upon a resolution or resolutions of each of said beneficiary organizations to, from time to time, encumber said ground so to be purchased and the improvements thereon, or any part thereof, in such manner, for such purposes, and in accordance with such regulations as may be prescribed by said resolution or resolutions.
Approved, June 29, 1906.