Private Law 31–III

That the act entitled “An Act to incorporate a fire insurance company in Georgetown, in the District of Columbia,” approved the second March, eighteen hundred and thirty-one, and the act entitled “An Act to amend the charter of the Potomac Fire Insurance Company of Georgetown,” approved the third of March, eighteen hundred and thirty-seven, be, and theTHIRTY-FIRST CONGRESS. Sess. II. Ch. 4, 5, 6. 1851. same are hereby, reenacted and extended to the first day of March, in the year eighteen hundred and seventy, and until the end of the next session of Congress which shall happen thereafter, until which time the said company may exercise all the powers, and have and enjoy all the privileges and immunities, granted to them by the said original act of incorporation, and the amendment thereto, any thing to the contrary thereof notwithstanding. This act shall commence and be in force

This act to take effect from its passage.

Individual liability of the stockholders for the debts of the company.

Proviso.

from the passage thereof.

Sec. 2.

And be it further enacted, That the stockholders of said company shall be individually liable for the debts and liabilities of said corporation to an amount equal to the capitol [capital] stock held by them respectively: Provided, That such liability shall be confined to the stockholders who were such when such debts were contracted or liabilities incurred.