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![handle is hein.slavery/ssactsfl0128 and id is 1 raw text is: 59
distributed by decree of such court among the creditors of said
corporation.
Sec. 9. Bo it enaeted. Thlt the dividend. and profits of said Dividendsand
corporation may le declared among the stockholders thereof, prufits.
whenever expedient ; but such dividends shall in no ease exceed
twelvei per ce'ntum per aunum, and the surplus profits, if tiny,
shall he reserved as a sfi.t)-fund, to meet any losses which may
happen to said corporation. and he considered as a part of the
capital stock thereol'; and the said corporation shall make on-
nual reports to the Guvernor of the Territory ol Florida, at lanst
one week pr-vious toi the meeting of the L[,gislatare thereof of
its state, eutdition, and afitirs, the same to be laid before the
Legislature, who may appoint to committee or commissianers,
as they may deem expedient to exatniro the books of said car-
porutinn.
See. 10. Be it enn'ted, That said corporation shall pay n tax Territorial
to the Territory of oIorida of three iper ceitum per annunt on tax.
the nett profits of said corprilir n ; and that this act shall be
Ink 'n nd regarded as it public ielitind shall be favourably con-
strued by atll courts in this rerritory, and may b given in evi.
denve in all eases where said corporation may b concerned
wvithout special plmadiug.
See. 11. Be it further enacted, That this charter shall conti- Limitation of
flue, and be in force until the year one thousand eight hundred charter.
and eighty-six.
Passed, February 12th, 1836.
Approved, 14th February, 1836.
CHAP. 977. (NO. LxvI.] An Act to incorporate the City of Key West.
Be it enated by the Governor and Legislativo Council of the
Territory of Florida, That till the free white inuhitants or that
part of thia Island or Key West, conprehended witlint the Limits of cor-
limits of the town of Key West, its designated on the plan or poration.
mlup of said town, now oil We in t .h Clerk's a nice in the coutty
of Monlrie, (excepting thait part tit plesenil, or trat may be here.
afiter oceiupied by the Uiiited Stites for military plrposes,) be,
unit they are hereby conistituted a body corporate, b) the ia1u
and style if the City of lKey West ; and by said c(orpotate
name, [nay sue nlid bt sued, plead nnd be impladed, grant amid
receive dotiliiins, purchase aind hold real, personul, lind mixed
propurtv, in the lim its 0. Ilie snid corp .rimtim ind dispse ior the
sunu Ir the benefit of ruid City ; uid do till ili acts, and pos-
soms all the rights, libertioe, and privileges that . corporation,](ViewImageLocal?handle=hein.slavery/ssactsfl0128&div=1&collection=&method=preview&ext=.png&size=3)