Quasqueton guardian. (Quasqueton, Buchanan County, Iowa) 1856-1858, 1857-03-28
ARTICLE 1. The name of this Corpor

1
alton shall be THE WAPsIPIsIcoN AND
ST. PETERS VALLEY RAILROAD COMPANY,
and the principal place of transacting
business for the first two years shall be at
Quasqueton, and thereafter at such place
as the Board Of Directors shall designate.
Arr. g. The general nature of the
business of the corporation shall be the
construction, operation and use of a rail-
road with double or single track, and
with all necessary appendagcs, branches
and extensions. The main trunk or con-
tinuous line Of said road is TO commence
at Anamosa, and run thence Northwestern
ly through Quasqueton, Independence
and Fairbanks, and thence in a north
westerly direction to the north line Of the
State.
ART. 3. The capital stock of this cor
poration shall be five millions of dollars.
and may be increased by the board of
ulttCtpES. Hc StDCh III ulN lutu
into shares of one hundred dollars each
ART. 4. Every person owning one
share or more of stock shall be considered
a member of this corporation, and shall
at all regular meetings of the stockhold-
ers be entitled to one vote for every share
Of the stock he may own.
ART. 5. AT least one per cent of the
stock shall be paid at the time of sub
scribing, aud the board of Directors may,
after five hundred thousand dollars in
stock is subscribed, order such install
ments to be paid in on all shares as they
may deem necessary for the speedy pros
ecution of the work. But until the first
division of the road from Anamosa to
Fairbanks is completed. no installment
shall exceed ten per cent at any one time,
and shall not be ordered oftener than
once in three months. Notice Of each
installmcnt required shall be inserted in
such newspapers published in the coun
ties through which the road may have
been located, as the board of directors
may select. If any installment of stock
should not be paid, the board may declare
such stock and the payments thereon for
feitcd.
ART. 6. This Incorporation shall COM
mencc on the 10Th day of March, A. D.,
1857, and continue for fifty years, and be
renewed as provided by law.
ART. Z. The officers of this company
shall consist of board of eleven direc-
tors, any six of whom shall constitute a
quorum. The directors shall be elected
biennially by the stockholders-the first
election to be held on the date of these
articles, and all subsequent elections
shall be held on the third Thursday in
March. Said directors shall continue in
Office till their successors are elected
They shall select from their own num-
Der the President, Vice President and
Treasurer of the Company, and shall fill
all vacancies in their board, and shall
have the power to increase the number of
the board of directors to fifteen.
ART. 8. The affairs of this company
shall be conducted by said directors, and
they are, as board, hereby invested with
all the powers and authority necessary to
carry out the object of this Incorporation,
as limited by these articles. Proriaed,
they shall not have the power of subject
ing this Companp to debts exceeding in
the aggregate two and a half millions of
dollars, until the capital stock of the
company is increased.
ART. o. Said board shall employ a
suitable person to act as Secretary of said
company, to keep correct and full ac-
count of all its affairs, which shall at all
times be subject to the inspection of any
stockholder. Said board are authorized
to employ such other clerks, managers
and agents as they may deem essential to
the good Of the company.
ART. TO- The Treasurer shall, before
entrusted with funds, give bonds and Sc
curity to the satisfaction of the board of
directors, for the safe keeping of all
monies subject To the order of said board,
aud for the faithful performance of his
duties.
ART. II. The private property Of stock
holders shall not be subject to the debts
of the company.
Arr. l2. Certificates of stock shall be
issued to all subscribers, with an endorse
ment of the amount paid thereon. Such
certificates shall only be assignable on the
books Of the company under such regu-
lations AS the board may adopt.
Arr. l3. All bonds for loans and cer-
titicates OF stock shall be signed by the
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