Chapter LVII. to incorporate the Mechanic Relief Society of Alexandria
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Chap. LVII.— An Act to incorporate the Mechanic Relief Society of Alexandria. April 13, 1818. *Be it enacted, &c., * That the society known by the name of the MechanicIncorporation. Relief Society of Alexandria, be, and the same is hereby, created a body politic and corporate, under the name and style of the “Mechanic Relief Society of Alexandria,” and by that name shall have perpetual succession and a common seal, with a capacity to purchase, receive, and possess, goods and chattels, lands and tenements, in fee or otherwise, and the same to grant, sell, let, or assign: *Provided, however,* They shall not purchase, receive, or possess, more lands and tenementsProviso, as to lands and tenements. than shall be sufficient to enable them to erect a seminary of learning for the instruction of youth, and the necessary accommodation and convenience of the said society; and by the name aforesaid may sue and be sued, plead and be impleaded, in all causes in law or equity.
Sec. 2. *And be it further enacted, *That so much of the affairs of saidErection and superintendence of the seminary to remain under the direction of the trustees named &c. society as relates to the erection and superintendence of the said seminary of learning, shall be and remain under the direction of the following named trustees and their successors, to wit: John Longden, Dederick Shekell, William F. Thornton, Lewis Hipkins, James Galt, Charles Pascoe, James S. Scott, John Collagen, Bernard Cook, Alexander Baggett, James Carson, Adam Lynn, Greenberry Griffith, Horace Field, and Amos Alexander; the said trustees shall have power to fill anyTrustees may fill vacancies.Proviso. vacancies which may occur in their own body: *Provided,* That the trustees named and created by this act shall continue and serve until the first day of May, one thousand eight hundred and eighteen, or until others shall be appointed; and on that day, or as soon thereafter as convenient,Annual election of trustees. not exceeding thirty days, and annually, the like number of trustees, they being members thereof, shall be elected by said society.
Sec. 3. *And be it further enacted, *That this act shall commence and be in force from and after the passing thereof, and for the term of twenty years thereafter. Sec. 4. *And be it further enacted, *That the amount of real andThis act in force for 20 years. personal property which may, at any time, be held by this society, shall not 208 FIFTEENTH CONGRESS. Sess. I. Ch. 59, 62 ,63, 72. 1818. Property not to exceed $40,000, &c.Congress may repeal the charter.exceed the sum of forty thousand dollars; nor shall the said society be engaged in any banking or commercial operations; and Congress shall at all times have power, during the period for which this charter is granted, at their pleasure, to repeal or alter the same.
Approved, April 13, 1818.