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Valuation of loss in

secretary,

1837. shall be lawful for the directors, in such case, to order the money

insured thereon to be paid within three months after the notice given of the loss aforesaid.

SECTION 19. And be it further enacted, That in case of a tal destruction partial destruction by fire, the loss shall be determined by asses

sors appointed as follows: the person whose property is insured shall have the privilege of selecting one disinterested person, the board of directors of this association shall select another; should these two persons disagree in their valuation of a loss, they shall

select another disinterested person, and their award shall be final. Appointments of SECTION 20. And be it further enacted, That the president clerks, &c. and directors shall have power and authority to appoint a secre

tary, and such other clerks and officers under them as shall be necessary for transacting the business of said institution, and

may allow them, together with the president, such salary as they By-laws, &c. shall judge reasonable; to ordain and establish such by-laws, en los be made, ordinances, and regulations, as shall appear to them necessary

for regulating and conducting the concerns of said institution, not being contrary to or inconsistent with this act, or the constitution and laws of the United States; they shall keep full, fair, and correct entries of their transactions, which shall be at all times open to the inspection of the stockholders; they shall also have power to hire or purchase a suitable building or buildings in the city of Washington or Georgetown, for the purpose of transacting the affairs of the institution, and generally to conduct the entire business thereof.

SECTION 21. And be it further enacted, That no stockholder or member of this said company shall be answerable in his person, or individual property, for any contract or agreement of said company, or for any losses, deficiencies, or failures of the capital stock of this company, except in the case of a director by his vote declaring an improper dividend, but the whole of the said capital stock, together with all property, rights, and credits be. longing thereunto, and nothing more, shall at any time be answerable for the demands against said company.

SECTION 22. And be it further enacted, That the stock of this institution may be assigned and transferred on the books of the company in person or by power of attorney only ; but no stockholder indebted to the company shall be permitted to make a transfer, or receive a dividend, until such debt is paid, or secured to the satisfaction of the president and board of directors.

Section 23. And be it further enacted, That the president and directors may call a general meeting of the stockholders for any purpose relative to the affairs of the institution, giving at least two weeks' notice thereof in the newspapers of Washington and Georgetown; and any number of stockholders, not less than one hundred, who, together, shall be proprietors of twelve hundred shares, may, at any time, apply to the president and directors to call a general meeting of the stockholders for any purpose relative to the affairs of the institution; and if the president and directors refuse to call such meeting, the said number of stockholders, proprietors of not less than twelve hundred shares, shalt

No stockholder,

&c. answerable in his person, &c.

Assignment, &c. of stock

Meetings of stock iblis.

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have power to call a general meeting of the stockholders, giving 1837. at least two weeks' notice in the said newspapers printed in the cities of Washington and Georgetown, specifying in such notice the object of the meeting.

SECTION 24. And be it further enacted, That, should it so In case of the happen, from any cause whatsoever, that the annual election of of directors not directors should not take place in any year, on the day hereinbe- the day fixed, fore mentioned for that purpose, this corporation shall not, for &c. that reason, be dissolved, but such election may be lawfully held on such convenient day thereafter as may for that purpose be fixed on by the president and directors, they causing ten days' public notice thereof to be given in one or more of the newspapers printed in the cities of Washington and Georgetown.

SECTION 25. And be it further enacted, That the president Reduction and directors shall have power to appropriate such portions of the profits accruing to the company, to the reduction of the stock notes of the stockholders, as the board of directors shall, from time to time, deem advisable.

Section 26. And be it further enacted, That this act shall Act to continue continue and be in force until the first day of June, one thou- 180. sand eight hundred and fifty-eight.

Section 27. And be it further enacted, That it shall be law- May be altered, ful for Congress, at any time hereafter to alter, amend, or repeal gress. this act.

Approved, March 3d, 1837.

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stock notes.

CHAP. 70. An ACT authorizing the Secretary of the Navy to place the name

of Doctor John P. Briggs on the navy pension list. (Sec. 1.) Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Navy be, and he hereby is, au- To be placed on thorized and required to place upon the list of invalid pensioners pensioners of the of the navy pension fund, at the rate of twenty five dollars per fund. month, to be paid out of said fund, John P. Briggs, late an acting surgeon on board of the ship Saratoga, who was wounded by a splinter in the action with the British fleet on Lake Champlain, on the eleventh of September, eighteen hundred and fourteen; to commence on the first of October, eighteen hundred and thirty-two.

Approved, March 3d, 1637.

CHAP. 71. An ACT for the relief of George Frazar, and others. (Sec. 1.) Be it enacted, by the Senate and House of Representatives of the United States of America in Congress assembled, That the collector of the customs for the district of Plymouth, Torben paida in Massachusetts, is hereby authorized to pay to George Frazar ance. and others, late owners and to the surviving heirs of the late crew, of the schooner Quero, of Duxbury, of sixty-one and

1837. thirty-six ninety-fifths tons burthen, which was lost on a fishing

voyage in eighteen hundred and thirty-three, together with her late crew, such allowance, to be distributed according to law, as they would have been entitled to receive, had the said schooner completed her fishing term and returned into port.

Approved, March 3d, 1837.

curred.

CHAP. 72. An ACT for the relief of Philip F. Voorhees. (Sec. 1.) Be it enacted by the Senate and House of Repre

sentatives of the United States of America in Congress assemTo be paid e Gioo bled, That the Secretary of the Treasury pay to Philip F. Voor

hees, out of any money in the Treasury not otherwise appropriated, the sum of six hundred dollars, in full for expenses incurred by him while commanding the ship John Adams, in the Mediterranean, during the years eighteen hundred and thirty-one, and eighteen hundred and thirty-two, in conveying our consuls to and from their consulates, and the Tripolitan Ambassador from Malta to Tripoli, by orders from Commodores Biddle and Patterson.

Approved, March 3d, 1837.

CHAP. 73. An ACT granting an increase of asion to Empson Hamilton.

[Sec. 1.) Be it enacted by the Senate and House of Represen

tatives of ihe United States of America in Congress assembled, To be paid out of

privateer That there be paid to Empson Hamilton, an invalid pensioner, pension fund.

an increase of pension of one dollar per month, to be paid out of the privateer pension fund, and to commence from the time that he was placed upon the list of pensioners, payable out of said fund.

Approved, March 3d, 1837.

CHAP. 74. An ACT for the relief of George F. Strother. [Sec. 1.) Be it enacted, by the Senate and House of Repre

sentatives of the United States of America in Congress assemHis accounts to b: settled. bled, That the proper accounting officers of the Treasury be,

and they are hereby, authorized and empowered to settle the accounts of George F. Strother, late receiver of public moneys at St. Louis, Missouri, according to the principles of justice and equity

Approved, March 3d, 1837.

1837.

CHAP. 75. An ACT to give the approval and confirmation of Congress to

three several acts of the Legislative Assembly of the Territory of Wisconsinincorporating banks.

[Sec. 1.] Be it enacted, by the Senate and House of Representatives of the United States of America in Congress assembled, That the following acts of the Territorial Legislature of the Ter- Confirmed with ritory of Wisconsin, viz: an act entitled "An act to incorporate tions, &c. the stockholders of the Bank of Milwaukee,” an act entitled “ An act to incorporate the stockholders of the Miners' Bank of Dubuque," and an act entitled "An act to incorporate the stockholders of the Bank of Mineral Point," be, and the same are hereby severally and respectively approved and confirmed by Congress, with the following limitations and conditions, that is to say: that neither of said banks shall issue bills or notes for circulation, until one-half of the amount of their respective capitals shall have been actually paid in ; and that, to enable the directors named in the said charters respectively to comply with this limitation and restriction, they shall be authorized to make calls, according to the provisions contained in the said charters, to an amount not exceeding, at any one time, forty per cent. úpon the whole stock subscribed by each stockholder, and shall not be restricted to ten per cent. at any one call, as is provided in the said charters; and that neither of said banks shall have any authority to enlarge or augment its capital, or to make it larger, at any time, than the sum of two hundred thousand dollars, without the consent and approbation of Congress previously obtained ; and that neither of the said banks shall, at any time, owe, either by bond, bill, note, or other contract, over and above its actual de. posites, an amount to exceed twice the amount of its capital stock actually paid in, instead of the limitation in this respect contained in the said charters respectively; and that each of the said banks shall have complied with all the requirements of their respective charters, as altered, modified, and restricted by this act, so as to enable them to commence the business of banking, and shall actually have commenced banking on or before the first day of January next, or their charters, or the charters of such of them as shall have failed to comply with this limitation, shall be void and of no effect; and the acceptance of said acts of incorporation, by the grantees or stockholders respectively, shall be deemed and taken as acceptances, subject to the conditions and limitations herein prescribed ; and any infringement upon, or violation of, the provisions and requirements of this act, or of the limitations and restrictions therein contained, on the part of either of the said institutions, shall forfeit its charter, and put an end to its corporate powers and privileges.

Approved, March 3d, 1837.

CHAP. 76. An ACT for the relief of John P. Becker.

[Sec. 1.) Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

be placed That the Secretary of War be authorized and directed to place the posion roll

.

1837.

the name of John P. Becker on the pension roll of the United States, and that he pay the said Becker the sum of twenty dollars per annum, to commence the fourth day of March, eighteen hundred and thirty-one and to continue for and during his natural life.

Approved, March 3d, 1837.

RESOLUTIONS.

(No. 1.) A RESOLUTION to enable the Postmaster General more readily to change the cominencement of the contract year in the Post Office Department.

Resolved, by the Senate and House of Representatives of the Postmaster Gen: United States of America in Congress assembled That the na make con. Postmaster General be, and he is hereby, authorized and empiere om bish be powered to let the contracts for the transportation of the mails in comber, 1877, '8 those sections of the United States where they expire on the minate on 30th thirty first days of December, eighteen hundred and thirty-seven,

eighteen hundred and thirty-eight, and eighteen hundred and thirty-nine, respectively, for four years and six months, so as to cause them to terminate on the thirtieth day of June, eighteen hundred and forty-two, eighteen hundred and forty-three, and eighteen hundred and forty-four, to the end that the contract may commence on the first day of July, instead of the first day of January.

Approved, March 2d, 1837.

June, 1812 '3, and '4.

(No 2.) RESOLUTION granting a pension to Susan Decatur, widow of the

late Stephen Decatur.

Resolved by the Senate and House of Representatives of the To be paid from United States of America in Congress assembled, That Mrs. Mon fund, a pen. Susan Decatur, widow of the late Commodore Stephen Decatur, mounts the five be paid from the navy pension fund, a pension for five years,

commencing from the thirtieth of June, eighteen hundred and thirty-four, in conformity with the provisions of the act concerning naval pensions and the navy pension fund, passed thirtieth June eighteen hundred and thirty-four. and that she be allowed from said fund the arrearages of the half-pay of a post captain, from the death of Commodore Decatur to the thirtieth of June, eighteen hundred and thirty-four, together with the pension hereby allowed her, and that the arrearage of said pension be vested in the Secretary of the Treasury in trust for the use of the said Susan Decatur: Provided, That the said pension shall cease on the death or marriage of the said Susan Decatur.

Approved, March 3d, 1837.

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