FREE BOOKS

Author's List




PREV.   NEXT  
|<   438   439   440   441   442   443   444   445   446   447   448   449   450   451   452   453   454   455   456   457   458   459   460   461   462  
463   464   465   466   467   468   469   470   471   472   473   474   475   476   477   478   479   480   481   482   483   484   485   486   487   >>   >|  
izing the investment of, any moneys, or the sale or transfer of any stock or securities belonging to the Corporation, or the appointment of any officer receiving any salary therefrom. "SEC. 4. _And be it further enacted_, That the Board of Trustees of the Corporation shall have power, from time to time, to make and establish such By-Laws and regulations as they shall judge proper with regard to the elections of officers and their respective functions, and generally for the management of the affairs of the Corporation, provided such By-Laws and regulations are not repugnant to this act, or to the Constitution or laws of the United States. "SEC. 5. _And be it further enacted_, That the general business and object of the Corporation hereby created shall be, to receive on deposit such sums of money as may, from time to time, be offered therefor, by or on behalf of persons heretofore held in slavery in the United States, or their descendants, and investing the same in the stocks, bonds, Treasury notes, or other securities of the United States. "SEC. 6. _And be it further enacted_, That it shall be the duty of the Trustees of the Corporation to invest, as soon as practicable, in the securities named in the next preceding section, all sums received by them beyond an available fund, not exceeding one third of the total amount of deposits with the Corporation, at the discretion of the Trustees, which available funds may be kept by the Trustees, to meet current payments of the Corporation, and may by them be left on deposit, at interest or otherwise, or in such available form as the Trustees may direct. "SEC. 7. _And be it further enacted_, That the Corporation may, under such regulations as the Board of Trustees shall, from time to time, prescribe, receive any deposit hereby authorized to be received, upon such trusts and for such purposes, not contrary to the laws of the United States, as may be indicated in writing by the depositor, such writing to be subscribed by the depositor and acknowledged or proved before any officer in the civil or military service of the United States, the certificate of which acknowledgment or proof shall be endorsed on the writing; and the writing, so acknowledged or proved, shall accompany such deposit
PREV.   NEXT  
|<   438   439   440   441   442   443   444   445   446   447   448   449   450   451   452   453   454   455   456   457   458   459   460   461   462  
463   464   465   466   467   468   469   470   471   472   473   474   475   476   477   478   479   480   481   482   483   484   485   486   487   >>   >|  



Top keywords:
Corporation
 

Trustees

 

United

 
States
 
enacted
 

deposit

 
writing
 

regulations

 
securities
 

proved


acknowledged

 
received
 

receive

 
depositor
 
officer
 

transfer

 

discretion

 
interest
 

payments

 

current


deposits

 

appointment

 

section

 

preceding

 
belonging
 
exceeding
 
amount
 

direct

 
military
 

investment


service
 

certificate

 

accompany

 

endorsed

 

acknowledgment

 

subscribed

 

moneys

 

prescribe

 

authorized

 
trusts

contrary
 

purposes

 
practicable
 
establish
 

Constitution

 

general

 

created

 
object
 

business

 

repugnant