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Secretary ofthe Treasury tovote for presi-dent, &c., ofsaid company,according tothe number ofshares purchas-ed for the Uni-ted States .
river at the head of the said falls, and shall preserve, throughout thewhole section aforesaid, a breadth, at the surfaceof the water,of not lessthan sixty feet, and a depth, below the same, of not less than five feet,with a suitable breadth at bottom.
Sec. 2. And be it further enacted, That the said Secretary of theTreasury shall vote for the president and directors of the said company,according to such number of shares as the United States may at any timehold in the stock, thereof, and shall receive, upon the said stock, the pro-portion of the tolls which shall, from time to time, be due to the UnitedStates for the shares aforesaid; and shall have and enjoy, in behalf of theUnited States , every other right of a stockholder in the said company.
Approved, May 24, 1828.
Statute I.May 24, 1S28.
Corporationof Washington ,Georgetown ,and Alexandria ,to have several-ly, full power,&c., to sub-scribe, &c.
Corporations,severally au-thorized to bor-row money, atany rate of in-terest not ex-ceeding six percent, per an-num.
Certificates ofstock for thesums borrowedto be constitu-ted.
Form.
A list of suchcertificates de-noting their re-spective num-bers, &c., to bedeposited withthe Secretary ofthe Treasury.
Chap. LXXXV1I.— -Jin Act to enlarge the powers of the several corporations ofthe District of Columbia , and for other purposes.
Be it enacted by the Senate and House of Representatives of the UnitedStates of America, in Congress assembled, That the corporation of Wash-ington, the corporation of Georgetown, and the corporation of Alexan-dria, within the District of Columbia , shall, severally, have full powerand authority to subscribe and pay for shares of the stock of the Chesa-peake and Ohio Canal Company ; and all such subscriptions as shallhave been already made by either of the said corporations, shall, and thesame are hereby declared to be valid and binding on the said corpora-tions, respectively.
Sec. 2. And be it further enacted, That the said corporations shall,severally, have power and authority, from time to time, as the same maybe deemed by them, respectively, either necessary or expedient, to bor-row money, at any rate of interest, not exceeding six per centum perannum, to pay their respective subscriptions, and the interest accruingthereon, to the amount which they have subscribed, or shall hereaftersubscribe.
Sec. 3. And be it further enacted, That the said corporations shallbe, and the same are hereby, respectively, empowered to cause to be con-stituted certificates of stock for the sums borrowed, in pursuance of theauthority severally vested in them by this act; each of said certificatesshall be of the form following, to wit:
City or town of [here insert the title of the city or town.]
Mayor’s Office.
Be it known, That there is due from the corporation of the city ortown of [here insert the title of the city or town of] unto [here insert the
name of the creditor,] or-assigns, the sum of [here insert the
amount in dollars] bearing interest at [here insert the rate of interest]
per centum per annum, from the day of-, eighteen hundred and-,
inclusively, payable quarter yearly; the principal sum above mentioned
is to be paid on the-day of-, in the year eighteen hundred
and-, which debt is recorded in this office and is transferable only
by appearance in person, or by attorney, at this office. -, In testi-
mony whereof, I have hereunto subscribed my name, and caused the sealof the said city to be affixed.
-, Mayor.
-, Register, or other recording officer of the corporation.
A list of all such certificates, denoting their respective numbers, dates,and sums, and the persons to whom the same shall have been issued,authenticated by the mayor, subscribing the same, shall be deposited bysaid officer at the time of subscribing the same, or within ten days there-after, with the Secretary of the Treasury of the United States .
The said certificate shall not be issued, in any case, for a less sum