Quasqueton guardian. (Quasqueton, Buchanan County, Iowa) 1856-1858, 1857-03-21
Railroad Meeting,

Project, duly called at Independence,
March 10Th, 1857, d. S. LEE, Esq, was
elected President, aud WIN. II. GIBBS
Secretary.
DaS. DAVIS, one Of the Committee
previously chosen to present this Railroad
project to the directors Of the "Iowa
Central Air Line R. r. Co." and eastern
capitalists, made very flattering report.
He assured the friends of the Road that
the |. c. A. J.. r. r. Co. would do all
that is reasonable or that we could expect
TO aid in the proposed enterprise, and
that eastern capitalists proposed to furnish
iron and rolling-stock as soon as the road
could be graded--he could see no diff
Guilty in the way if the people along tie
line, who are to be immensely benefited,
would only grade the road.
A committee of five, viz: J. S. DIM
NIT, D. S. DAVIS, n. G. SALES, E. B.
OLDER and +. c. PATTERSON, were APP
pointed to draft Articles of Incorporation
and report them at an early hour.
l.. w. HART, H. p. HENsHAw and c..
l.. ID. CRocKwELL were appointed to draft
and report resolutions, who, after some
elaboration reported the following
DECOR TrTJoDc
Resolued First, That as the sense of
this meeting, we regard the project of
building the Wapsipinicon and St. Peters
Valley Railroad Of the highest impor-
lance to the welfare and prosperity of this
county.
Second, That we lend our aid to this
project personally by subscription, and
corporately by a loan of the county 5
credit for $3.50, 900.
Third, That in laboring for the above
object, We consider that we are laboring
for the development of the best resources
and wealth of the whole country through
which said road is to pass, and which can
be developed in no other conceivable man
ner.
Fourth, That we invite the cordial CO.
operation Of all in the furtherance of this
enterprise.
The Committee on Articles of Incor.
alton then made their report, and after a
spirited discussion and certain amend
ments made the following articles were
adopted and the names subscribed to the
instrument as Incorporators
ARTICLES OF INCORPORATION
OF THE WAPSIPINICON & ST. PIE
TIERS VALLEY RAILROAD.
| We, whose names are hereto subscri
bed, do hereby associate ourselves toge
| ther as an Incorporation, under and b,
virtue of the forty-third chapter of tn
Code of Iowa, entitled T" Corporations 70
Pecuniary Profit" approved Februar,
9Th, A. d., 1851, and hereby decla,
ourselves q, BODY corporate in law, to b,
WI DIS The WApsIpISIcoN Asna-s,>n IL.
have adopted the following Articles 0
Incorporation:
ARTICLE 1. The name of this Corpor.
alton shall be TIE WApsIpISIcoN AMI
ST. PETERS VALLEY RAILROAD COMPANY
and the principal place of transactino
business for the first two years shall be al
Quasqueton, and thereafter at such place
as the Board of Directors shall designate
ART. 2. 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 appendages, branches
and extensions. The main trunk or con
tinuous line of said road is to commence
at Anamosa, and run thence north wester-
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
directors. The stock shall be divided
into shares of one hundred dollars each.
ARE. a. Every person owning one
share or more of stock shall be considered
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. S. At least one per cent of the
stock shall be paid at the time Of sub
scribing, and 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
0npp in fhrao ,annfbe N1t,na u