Public Law 83–90

That section 3 of an Act entitled “An Act to incorporate the Washington Gas Light Company”, approved July 8, 1848 (9 Stat. 722), as amended, is hereby amended to read as follows:

“Sec. 3.

That the stock, property, and affairs of the said corporation

Management.

shall be managed and conducted by or under the direction of seven directors, being stockholders, or such other number, not more than fifteen nor less than seven, within which limitation the membership may be in any case increased or diminished, as the stockholders may from time to time determine; that the said directors shall hold their offices for one year, or until their successors shall be elected and shall qualify; and shall be elected at a meeting of the stockholders to be held each year at such time and place in the city of Washington as may be fixed from time to time by the stockholders of the corporation; and that notice of such annual meeting shall be given as provided in the bylaws of said corporation and shall be published in at least two of the public newspapers printed in the city of Washington, at least fourteen days previous to the time of holding such annual meeting; and every such election shall be by ballot and by such of the stockholders entitled to vote who shall attend the annual meeting for that purpose either in person or by proxy; and each stockholder shall be entitled to one vote for each share of the stock held of record on the books of the corporation on the record date fixed as provided in the bylaws; and the persons having the greatest number of votes shall be the directors; and if it shall happen that two or more persons have an equal number of votes, the directors in office at the time of such election shall, by a plurality of votes, given by ballot, determine which of the persons so having an equal number of votes shall be director or directors, so as to complete the whole number to be chosen; and the directors so chosen shall, as soon as may be thereafter, proceed by ballot to elect one of their number president; and whenever any vacancy shall happen, the same shall be filled up by the remaining directors, by a plurality of votes, until the next annual meeting.”

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Sec. 2.

There be added to said Act to incorporate the Washington Gas Light Company, as aforesaid, a new section to read as follows:

“Sec. 12.

The shares of the corporation shall he represented by

Certificates.

certificates signed by the president or a vice president and the secretary or an assistant secretary, and sealed with the seal of the corporation. Such seal may be a facsimile. Where such a certificate is countersigned by a transfer agent other than the corporation itself or an employee of the corporation, or by a transfer clerk and registered by a registrar, the signatures of the president or vice president and the secretary or assistant secretary upon such certificate may be facsimiles. In case any officer who has signed or whose facsimile signature has been placed upon such certificate shall have ceased to be such officer before such certificate is issued, it may be issued by the corporation with the same effect as if such officer had not ceased to hold such office at the date of its issue.”

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Sec. 3.

That section 1 of an Act entitled “An Act making appropriations

Report to Congress.

to provide for the expenses of the government of the District of Columbia for the fiscal year ending June thirtieth, nineteen hundred and eight, and for other purposes”, approved March 2, 1907 (34 Stat. 1119, 1133, ch. 2510) (D. C. Code, sec. 43–1206), be amended by delet-ing from the caption “Electrical Department” the proviso appearing in the paragraph designated “Lighting” and reading as follows: “Provided, That any association or corporation engaged in the manufacture and sale of gas for illuminating and fuel purposes in the District of Columbia, through its president, or other duly authorized officer, shall make a sworn statement to Congress annually, on or before the first day of February in each year. Said report shall contain a detailed statement of the condition of the business of said association or corporation for the year ending December thirty-first next preceding, and such statement shall set forth the actual cost and also present value of the property of such association or corporation used in the conduct of its business, the amount of paid up capital stock, the amount and character of the indebtedness of such association or corporation, the amount and cost of materials used in making gas, the amount of gas manufactured, the amount of gas sold, the average price per thousand cubic feet received for gas sold, the revenue from the sale of all byproducts, the revenues from all other sources, the extensions and improvements made in the plant and works, the actual cost of the same, the amount expended for labor, the amount set aside for depreciation, the amount set apart for insurance and renewals, the amount paid out of earnings for betterments, the amount paid for betterments from other sources, the amount set aside and paid in interest and dividends, the surplus after paying the operating expenses and fixed charges, the statement of the operating expenses to be itemized and classified as is done by other public utility corporations, in the District of Columbia, the names of the stockholders and the amount of the stock held in such association or corporation by each of them on December thirty-first next preceding the date of such report.”

Sec. 4.

That section 6 of an Act entitled “An Act making appropriations

Rates for public buildings.

Repeal of limitation.

to provide for the expenses of the government of the District of Columbia for the fiscal year ending June thirtieth, nineteen hundred and seventeen, and for other purposes”, approved September 1, 1916 (39 Stat. 676, 716, ch. 433) (D. C. Code, sec. 43–1207), is hereby

40 USC 23.

repealed.

Sec. 5.

All charters, statutes, Acts and parts of Acts, laws, ordinances, and regulations inconsistent with or repugnant to the provisions of this Act, but only so far as inconsistent herewith or repugnant hereto, are hereby repealed.

Sec. 6.

The right to alter, amend, or repeal this Act is hereby

Rights reserved.

expressly reserved to the Congress.