Des Moines courier. ([Ottumwa] Iowa) 1848-1854, 1854-03-23

pany shall be one million and five hun
dred thousand dollars, divided into shares
Of one hundred dollars each. The la
bililies of The company shall not al any
time exceed ten hundred thousand dol
lars.
ART. 8. In all elections by the stock
holders, each s,ockhoIder may vote IN
person or by proxy. He shall be emit
lied TO one vote for each share OF stock
owned by him, TO The extent of fifty
shares, and fer every five shares above
the number Of fifty he shall be entitled
to one vote.
! ART. 0. The principal place of bust
ness of the company shall be al Bloom
field Iowa, but The Directors shall have
power TO transfer such place Of business,
to any more convenien. place by giving
the notice thereof required by law.
ART. 10. he object of this lncorpo.
ration is 10 construct and use Rail Road
extending from pon, on the north line
of Schuyler county Missouri, where the
North Missouri Railroad terminates, to
Ouumwa in Wapelo county, by the way
of Bloomfield in Davis county Iowa,
along The most eligible route.
ART. IL. The Board Of the Directors
may cause Books TO be opened for the
subscription of stock at such times and
places as they may deem desirable.
ART. l2. They are also authorized
to make any arrangements, which are
suitable and proper with the state o!
Iowa, for the purpose of securing Tie
benefit of any lands, which may be CIV
en- to the state for the purpose OF aiding,
in the construction of the Road herein
contemplated.
ART. l3. Special meetings o. the
stockholders, and all meetings of the
Directors themselves may be called In
such manner as shall be prescribed By
the Bylaws.
/ ART. ID. The Board may require of
the Treasurer, as well as of any other
officers or agent of the company, such
security for The faithful discharge OF their
respective duties as they may deem ex-
pedien,.
ART. Is. They may call for install,
ments upon the stock, to be paid at such
times and places as they raay,,direct. Such
notice thereof must be given as they, in
their Bylaws. prescribe. If such in
s,alments are no, promptly paid the
Board may render the delinquen, shares
forfeited.
ART. l6. These articles may at any
time he changed by the unanimous con-
sent of The whale Board of Directors.
or they may be changed by the vote of
the stockholders at any regular or spe-
cial meeting, Provided tina, not less than
four weeks notice OF such change, speci.
flying its exact characte be given imme-
dateIy prior to such meeting, in two
newspapers printed one in the Town OF
Ouumwa and the other in Bloomfield or
Keosauqua and in such other manner as
the Directors may prescribe.
The committee on resolutions then
reported through their Chairman the fol
lowing, which were unanimously adopt
ed. .
/. Resolued, That we, as ci,iZens OF
Southern Iowa. are deeply interested In
having a Rail Road conhexioI with 81.
Louis,as atftrding an outlet 10 the South
ern market for the vast products OF the
Des MONIES Valley and that we while feel
the deepest interest in our Eastern Rail
Road, and look with great confidence to
It's speedy completion, we will lend all
the aid in our power not inconsls,an,
with the interest Of the Burlington and
Missouri River Rail Road to secure the
speedy construction OF the Iowa Ex.en-
sion of the North Missouri Rail Road.
2. ResoiUed, That we deem 1.-THE in
terest Of said Iowa Extension of the
North Missouri Road. 10 intersect the
Burlington and Missouri X. r. X. al its
! junction with the Des Moines River a;
Otlumwa thus to secure TO said Road
the greatest interest in the Des Moines
Valley, as well below as above said juno
ton; and that the direct junction of said
Road above said point would be barren
and unfrui,ful to the interests of all stock
holders, or. ut least great majority OF
them, and thereby destroying the grand
object of said laidable enterprise.
| 3. Resoiued, That the interest Of the
North Missouri Rail Road compa ny,
requires that said Road should in
terseci the Des Moines River where the
Burlington and Missouri River Rail Road
crosses the said river, thereby securing
at that poia,, the double advantage oil
Rail Road and River conveyances. being
a point where, to best advantage could be
concentrated the greatest interest of
Southern and central Iowa.
! 4. ResoiUed, That we request the CO.,
of Wapello to subscribe one hundred
thousand dollars stock to the North Mis-
souri, Rail Road Extension.
5. ResolUed, Tha. Oiumwa is the
nearest and best point at which the North
Missouri Rail Road can tap the Des
Moines Valley.
On motion the Convention then pro-
ceeded to elect Board of Directors; and
the following gentlemen were unan-
imously elec.ed: George Gillaspy, G. G.
Warden, Joseph Hayne.J. w. Hedrick
and E. Washburn, of Wapello county,
J. w. Ellis, HI. w. Briggs, ii. II. Trim