FOBTY-EIGHTH CONGRESS. Sess. I. Ch. 28. 1884. 13 CHAP. 28.-An act to amend the Revised Statutes of the United States relating to April 23, 1884. . the District of Columbia., and for other purposes. ———·—·—————— Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the following sections of the Revised Statutes of the United States of America relating to the District of Columbia be, and they are hereby, amended in the following manner, that is to say: Section five hundred and forty-five, by striking out the words “ not R. S. D. 0. 545, exceeding twenty years ;” so that the same shall read: 66- “ Sec. 545. Any three or more persons of full age, citizens of the Societies; how United States, 2. majority of whom shall be citizens of the District, who f°¤¤°d• desire to associate themselves thr benevolent, charitable, educational, literary, musical, scientific, religious, or missionary purposes, including societies formed for mutual improvement, or for the promotion of the arts, may make, sign and acknowledge, before any officer authorized to take acknowledgment of deeds in the District and iile in the office of the recorder of deeds, to be recorded by him, a certilicate in writing in which shall be stated- “ First. The name or title by which such society shall be known in law. “ Second. The term for which it is organized. “ Third. The particular business and objects of the society.
- ‘ Fourth. The number of its trustees, directors, or managers for the
first year of its existence." Section five hundred and forty-six, by adding at the end thereof the B. S. D. 0. 546, words “and other real and personal property the elem- annual income asfrom which shall not exceed in value twenty-five thousand dollars ;” so that the same shall read :
- 81:0. 546. Upon ming their certificate the persons who shall have Cox-punts powsigned and acknowledged the same, and their associates and successors, °*'•-
sbell be a body politic and corporate, by the name stated in such eertiiicate; and by that name they and their successors may have and use a common seal, and may alter and change the same at pleasure,ond may make bylaws and elect oiioers and agents, and may take, receive, hold, and conveyreal and personal estate necessary for the purposes of the society as stated in their certificate, and other real and personal property the clear annual income from which shall not exceed in value twenty-five thousand dollars: Provided, however, That this section mm. shall not be construed to exempt any property from taxation in addition to that now specifically exempted by la.w.” Section five hundred and forty-seven, by striking out the words “an- B. S. D. C. 547, nually, or oi1:ener,elect from its members," and inserting the word " elect" 66- after the word *‘may," in the irst line; so that the same shall read: _ “ Sec. 547. Such incorporated society may elect its trustees, directors, mf°*¤°¤ °f °¤· or managers et such time and place and in such manner as may be f;‘:;·mI;a““d“* specified in its by-laws, who shall have the control and management of ' the affairs and funds of the society, and an majority of whom shall be a quorum for the transaction of business; and whenever any vacancy ` shall happen in such board of trustees, directors, or managers, the vaeunoy shall be nlled in such manner as shall be provided by the by-laws of the society! That section five hundred and forty-nine of the Revised Statutes re- B- B- D- ¤· 5*% lsting to the District of Columbia be_, and the same is hereby, repealed; °°· andgn lieu of said section the ttolllomng is enacted : be sd. of Nd “ EC. 54 . Any property o the corporation ma leased, enoum- ••- bexed by mortgage or deed of trust in the nature og: mortgage, or sold “‘°· '°°· and conveyed absolutely, when authorized by a vote of a majority of the shares of stock of the corporation or by a vote of an mqjority of the directors, managers, or trustees of time corporation, at a meeting culled for the purpose, and the proceedings of which meeting shall be duly entered in the records of the corporation; and the proceeds arising therefrom
- lm.U”be applied or invested for the use and beneit of such oorpors
non.
