Page:United States Statutes at Large Volume 16.djvu/200

166 FORTY—FIRST CONGRESS. Sess. II. Ch. 152,153. 1870. ment of premiums in trust for the benefit of the person paying the same, or some other person designated by him, ppon the endowment plan. nit any meeting of the corporators, or a majority of them, theytmay prescribe By.laws,&c; such rules and by-laws for the governmentlof their association, and the transaction of its business, fix such rates of insurance and tpremiums, and provide for the payment of losses in such manner as may. e necessary to Proviso; carry into etfect the objects of fhe incorporation: Prtwtded, That such rules and by-laws shall not conflict with the Constitution of the United States, nor with any laws in force within the District of Columbia; which how may be rules and by-laws may be changed at any regular meeting of the board °h““‘°°‘ of trustees of the association by a majority vote of the members of such board present. Beal estate. Sec. 4. And be it further enacted, That it shall be lawful for the said association to purchase, hold, and convey real estate, as follows z First, such as shall be requisite for the immediate accommodation of its- bustness; or, second, such as shall have been mortgaged to it in good faith by way of security for loans previously contracted, for money due; or, third, such as shall have been conveyed to it in satisfaction of debts previously contracted in the course of its dealings; or, fourth, such as shall have been purchased at sales upon judgments, decrees, or mortgages obtained or made for such debts. Number' of Sue. 5. And be it further enacted, That the number of trustees to g,';i,l°:;8f},';€,w_ manage the business of said corporation shall be. twenty, a majority of whom shall be residents of the District of Columbia; and the first board Vacancies. shall be elected from among the corporators herein named, and any va- ‘5’t¥’£Z.?’2“““2`g °'t°ifi§`"Ei S”'t“`Etl’.’°€ig“iIi2"" “ °$l`“‘iI"i“’ i" iz`? 1 ruseessa e e y oasuc imeas e y-awssial 0¤;c;>r¤ QT the prescribe: and fhat said trustees shall elect one of their number to be the °'°°°° ° ’°"’ president of the said board, who shall also be the president of said alssociation, and shall elect two of their number as vice-presidents, one of t cir number as secretary, and one of their number as treasurer of the same. a. . i. Ssc.6.Adbe't rch td'l`htth ‘ ‘. ‘ g,;_;;?‘J»$°€€5— y, Jlé .tZ.f.C‘»$'.f.ft; 3m..$.p§§S'i§22.Z'§? ‘2lZSL‘1€L‘Z?i 5,;,,,4,, cram. ation shall respectively give such security for their fidelity and good con- Mrs and &g¤ut¤· duct as the board of trustees may from time to time require, and the board shall fix the salaries of such officers and agents. Approved, June 23, 1870. June HB, 1870. CHAP. CLIII.——An Ad to authogze the of the Accounts of Officers of the rmyand ary. Be it enacted by the Senate cmd House of R resematives 0 the United °°£¤;&¢:?lg5_¤<>· Scales of America in Congress assembled, thizt the propel! accounting b,,,.,,,,! mean officers of the treasury be, and they are hereby, authorized, in the settlepfwaigndgavy ment of the accounts of disbursiug officers of the War and Navy Departcalif;. cffdiph ments arising since the commencement of the rebellion, and prior to the bg snowed twentieth day of August, eighteen hundred and sixty-six, to allow such W¤¤¤. M- credits for over payments, and for losses of funds, vouchers, and property, 2; may may deem Just wd reassngple, wlgen recommended under authority 1 .. ecre aries o ar an av th h ds f th 'li n naral bureaus to which such accountshesrirectigelylaperiain. G ml my a d m,·p€;j;*:;¤d°f Sec. 2. And be it further enacted, That the accounts of military and mul cmcm for naval 0ill¢61‘S, whether of the line or staff; for government propertyiclmrggd g::°;1;\%¤a;r Gd to §h¤}¤, may Glo-58<i by the proper accounting officers whenever, in to tim my ew their ljudgnient, it will be for the interest of the United States so to do: ,,;,,,,,,;,,;,,,,,1 &,,_ Provtded,_1`hat such accounts originated prior to the twentieth day of Promos. August, eighteen hundred and sixty-six: Provided, That no settlement shall be made by the officers of the treasury under this act which shall