The Davenport gazette. [volume] (Davenport, Scott Co., Iowa) 1841-185?, 1850-08-29

Union) ~ may be the lawful owner, Of &C.,
stock, and the said capital stock, hereby
rated shall be three hundred thousand .asy",po-
but may BE- increased BY said company ~
greater sum not exceeding six hundred iheu.aaaay
dollars, 10 be, for convenience divided mic
OF fifty dollars per share. '''a'es
Art. 3.--The business OF said comp,nv :. :,
consist in the construction, maintenance All I"aa
Of Rail Road from the town OF Dsvenn"ss, use
Scott county 10 Iowa City In Johp,nn ~ NV N
Iowa, and liz principal Office Of bushes. sh.mH,
at Davenport until the completion OF said Ro. &c
and thereafter Ut Iowa City. "oas,
Art. 4.-Ihis company assumes 10 itself \, +.
use in any manner moi prohibite. By aw -. am
personal estate 10 the amount Of its cap;,ai 0,s
aud also such further nnsnumerated power s s"S
paiibfe with the nature ola cooperation !, Y% u.
directory may deem necessary o, conren;a., ~
the due prosecution Of its business. "'
Art. 5.-1he officers OF this eompa,v j.
consist Of Board Of Directors, President ss qua"
tary and Treasurer, and such subordinate "a; w
and agents as may be, from time 10 time nrona1s
for by the bylaws thereof. The direct = shsu
be elected annually, BY the stock holders n, y"
son being eligible TO said directory who ~ p.'
stock holder aud shall hold their Office, e. wv
year and until their Successors are elected s vs
qualified. The present mber or direc,ors .s 10y
b. seven bit may hereafter be increased u ' a
number not exceeding fifteen, il deemed ey,. say
emf. The President, Secretary and Teasr'..
shall be chosen annually by the director, ,roa.
their own body, shall hold their offices FOR n.
term Of ONE year ard until their suceps.ors ~
elected and qualified, and shall give bond d, #.
laithta! execution Of Their respective Offices.
Art. 6.-The directors are empowered -,
directed to make and enforce al, such \,
laws and rules, not in conflict with the laws !.
State or with these articles, as they NAV deem a.,
pedient for the government and management
/ The general and particular affairs Of said comn,nr
/ Art THE property Of the stock hol.sr., !,
this company which is not included in The car.i
stock held BY them, shall moi be holden for n.
corporate debts, beyond the amour, which NAV
be dne from such stock holders respectively upoa
unpaid ins,allmen's Of said stock; Provided h.,
any liability OF said company which nav ,.snl
from wilfnl Encouragement of its affairs NAV i,
levied upon the private property of such Of b,
officers and agents as shall be found guilty Of snrh
mismanagement BY an inquest-to be prescribed
in its bylaws.
Art &c c. LYON, Thomas Hughes, Jos.nb
T.. Fa!es, Ezekiel Clark, James Mcintosh, ie
Grand Byngio Robert Lucas, L. Lewis. TT
Benton IT,, Samuel Workman, are hereby AZ.
pointed commissioners 10 procure snbscrItior,
/
intend The election Of The first board Of directors.
the said commissioners prescribing rules for, and
giving reasonable notice of said election.
Ait. $50 soon as the sum oil five Thousand
dollars shall have been subscribed 10 ihe eapj,sl
stock Of this company, on election OF il ofeen
may be holden and upon the election and install.
laton OF said officers, the President shall deposit
in the Secretary OF States Office notice Thereof
and Herewith II shall be deemed eomIle'elv
organized and in the rec possession Of eorPs.
rate franchise
Art tO--it shall be competent for The directors,
the stockholders Of this company asserting there.
10, TO sell, transfer and dispose Of % any ether
person or company, the estate, rights and frat.
chises OF which, il may be Possessed, il In thee.
pinion Of said directors such sale or transe,
y oud facilitate the construction or promo's tie
interests Of said Road. Provided that sueh
sale or transfer shalt be voted until all the d,ss
Of said company shall be paid or otherwise dis
charged.
, Art. Il.-It shall not he compsten, fof ar.
ssocshoIdcr 10 transfer any OF the sioc, ofns
compeny when in default OF payment Of any 10.
sfaiineni OF capital stock or otter asse.siee
sta nding against sneh ssockhoder. nor shall atty
dividend be paid to anv such stock holde, durig
the continuance Of his default.
Art. io These articles OF incorporation ns,
be amended bv a vote Of two thirds OF all III
itHcS'oIs w rafu CoiuTSUNS except tH8i " snai
not be- competent for said directors. by any s4ra
amendment. to change the mnde OF election Il
term Of office OF any director or general officer d
said COMPANY.
Art. ia copy nj, these articles, duly csriiffi
by 'h- Secretary OF STATE, shall be competent evi.
dence IN all courts and places. of the crea'on d
this COMPANY. and amendments which may be
in like manner, authenticated by the certhcafscf
the Secretary Of Stae.
i AT. IA THIS company may secure 'he right
Of way Tor sa d road aad perm nsn'iv locate he
"a re az soon their resources viii enable item
10 do SO, and sh II proceed 10 IN. coes,reicn
Thereof, so soon III are in r.cei y, e sufficient
means 10 enable them 10 complete twents con.
'innons miles Of said road.
TIE President of the meeting thea appointed
the following named gentleman a committee Of
correspondence il Pursuance Of the fifth re.ola-
lion. TO wit: Thomas Hughes. lie Grand Ryihs.
ton. Vim. III. henderson, lanes Harl n, S. mae
Wort man. Arson uarsAnd {; D. Palmer
/ o. melton Of F ". irish
| IA Resoifra, hat the Counties between
lows G " and Fort Re, Noine. be requested BIZ
Til. meeting al cary day a possible, 10
organize com any 10 ioca'e so much OF said
road as lies between said towns.
O., motion of pr Fai-s
! The thanks Of the meeting were voted 10 ito
officers and ihereap n,he messing adiound
CoRTIS RATE p, sil.snt
=. c. Ives, Vice President
| GEogsE $. HAMProv. Secretary.