debt in their poffeffion which relate to the city of Washington, and the affairs heretofore under their fuperintendance or care.

ant to be appointed by the

Sec. 2. And be it further enacted, That the affairs of the city of Washington, which Afuperintendhave heretofore been under the care and fuperintendance of the faid commiffioners, Prefident. fhall hereafter be under the direction of a fuperintendant, to be appointed by, and to be under the controul of the President of the United States; and the faid fuperintendant is hereby invested with all powers, and shall hereafter perform all duties which the faid commiffioners are now vested with, or Powers fame are required to perform by, or in virtue of as commifiany act of congrefs, or any act of the general affembly of Maryland, or any deed or deeds of truft from the original proprietors of the lots in the faid city, or in any other manner whatsoever.

oners.

counts im

Sec. 3. And be it further enacted, That the faid commiffioners fhall forthwith fettle Commiffioners with the accounting officers of the treasury their accounts for all monies received and mediately. expended by them in their capacity as commiffioners, and fhall immediately thereafter pay to the faid fuperintendant any balance which may be found against them upon fuch fettlement.

Superintend

obligations

Sec. 4. And be it further enacted, That the faid fuperintendant fhall pay all the debts heretofore contracted by the commif- ant to pay all fioners in their capacity as fuch, the pay- contracted by ments of which are not herein after specially his predecesprovided for, out of any monies received by him arifing out of the city funds.

for.

fold to pay debt to Maryland.

Sec. 5. And be it further enacted, That Lots fhall be the faid fuperintendant fhall, under the direction of the Prefident of the United States, fell fo many of thofe lots in the city of Washington which are pledged for the re-payment of a loan of two hundred thou fand dollars, made by the ftate of Maryland, in the years one thoufand feven hundred and ninety-fix and one thousand seven hundred and ninety-feven, to the commiffioners for the ufe of the faid city, as may be fuf ficient to pay the intereft already accrued on the faid loan, and the interest and instalments thereof, as they may refpectively be come due: Provided, That if in the opinion of the Prefident of the United States, the fale of a fufficient number of the faid lots, to In default of meet the objects aforefaid, cannot be made fale, the debt without an unwarrantable facrifice of the proto be paid

from public treasury.

fold which

had not been paid for.

perty, then fo much money as may be neceffary to provide for the deficiency is hereby appropriated and fhall be paid out of any money in the treasury of the United States not otherwise appropriated.

Sec. 6. And be it further enacted, That Lots to be re- the faid fuperintendant fhall, prior to the first day of November next, fell, under the directions of the President of the United States, all the lots in the faid city, which were fold antecedent to the fixth day of May, in the year one thousand feven hundred and ninety-fix, and which the faid commiffioners are authorized by law to re-fell, in confequence of a failure on the part of the purchasers, to comply with their contracts; and the monies arifing thereupon fhall be applied, on or before the first day of Novem

of sales to be

ber next, to the payment of the sum of fifty The amount thousand dollars and the interest thereon to applied to the state of Maryland, which said sum was the payment formerly loaned by the said state to the of a sum due to Maryland. commissioners for the use of the city of Washington: Provided, That if a sufficient Provision in sum to meet the objects last aforesaid, shall case of a denot be produced by the sale of the whole of the lots aforesaid, then so much money as may be necessary to provide for the deficiency is hereby appropriated, and shall be paid out of any money in the treasury of the United States, not otherwise appropriated.

ficiency.

already con

monies ad

Sec. 7. And be it further enacted, That After debts after the debts already contracted by the tracted are commissioners shall have been discharged, discharged, all monies advanced out of the treasuary in vanced out of pursuance of this act, shall be reimbursed the treasury by the said superintendant, by paying into to be reimthe treasury all monies arising from the city superintendfunds, until the whole sum advanced, with ant. the interest thereon, shall be repaid.

bursed by

former act

ment of a

Sec. 8. And be it further enacted, That Part of a so much of the act, entitled, "An act to relating to establish the temporary and permanent seat the appointof government of the United States," pas- mard of sed on the sixteenth day of July, in the commissionyear seventeen hundred and ninety, as re- ers repealed. lates to the appointment of commissioners shall be, and the same is hereby repealed.

to be open

Sec. 9. And be it further enacted, That Books of it shall and may be lawful to open books in subscription the city of Washington, for receiving and ed for comentering subscriptions for opening the canal pleting the to communicate from the Potomac river to the Potomac the Eastern Branch thereof, through a part to the Eastof the city of Washington, under the ma- ern Branch.

R

canal from

direction.

Sum to be raised, amount of shares.

Subscribers incorporat

Under whose nagement of Thomas Tingey, Daniel Carroll of Duddington, Thomas Law, and Daniel Carroll Brent, which subscriptions shall be made personally, or by power of attorney: the said books shall be opened for receiving subscriptions, and continue. open until the sum of eighty thousand dollars shall be filled up, in shares of one hundred dollars each; and that each person shall, at the time of subscribing, pay down ten dollars, being one-tenth of each share; and after fourteen days previous notice, by advertisement, there shall be a meeting of the subscribers, and they are hereby declared to be incorporated into a company, by the name of the "Washington Canal Company," and may sue and be sued, as such, and make all necessary by-laws and regulations for the proper management of the business thereof: And such of the subscribers as shall be present at the said meeting, or a majority of them, are hereby empowered and required to elect a president and four directors for conducting the said undertaking, and managing the said company's business for, and during such time not exceeding three years, as the said subscribers, or a majority of them, shall think Shares to in- fit. Each member shall be allowed one vote holders to an for every share, by him or her held at the equal number time in the said company, and any proprie

ed;

Empowered

to chuse a president and 4 directors.

title the

of votes.

A proxy may, act.

tor by a writing under his or her hand, executed in presence of two witnesses, may depute any other member or proprietor to vote and act as proxy for him or her, at any general meeting.

Sec. 10. And be it further enacted, That the shares in said company shall be deemed

personal, and not real property, and transfer- Shares to be able in such manner as the company shall personal pro

direct.

perty.

Powers of

when elected

Sec. 11. And be further enacted, That the president and directors so elected, and the president their successors, or a majority of them, shall and directors have full power and authority to agree with any person or persons, on behalf of the said company, to cut such canals, erect such locks, and perform such other works as they shall judge necessary for opening the canal aforesaid, and the forks thereof; and out of the monies arising from the subscriptions, wharfage and tolls, to pay for the same, and to repair and improve the said canal, locks, and other works necessary thereto, and to defray all incidental charges, and also to appoint a treasurer, clerk, and such other officers, toll gatherers, managers and servants, as they shall judge requisite, and to settle their respective wages.

give bonds

Sec. 12. And be it further enacted, That Treasurer to the treasurer of the company shall give securibond, with such penalty and such security ty.

as the said president and directors, or a majority of them, shall direct.

may call up

payments on

Sec. 13. And be it further enacted, That President the said president and directors, so elected, and directors and their successors, or a majority of them on the proassembled, shall have full power and autho- prietors for rity to demand and receive of the proprie- their shares ; tors, the remaining nine-tenths of the shares, from time to time, as they may be required by previous advertisement, at least one month in the Washington, Georgetown, and Alexandria gazettes; and if any of the said proprietors shall refuse or neglect to