New-York daily tribune., 1858-08-10
TIE CHARTER OF THE COMPANY.

at the fcord se sion Of the Ergsh Paauert for tie
ytsr 1856, ADd receiving the royal ascent July y of
tbbt :, sT is document Of twenty ore pages Il is
entitled "An Act to incorporate and fesu,te the
| "Atsrtc Telegraph Company, and to enable tho
Coupsny to estsolish ard work 1elegraphs between
" Crest Brtsin, IrelS d AID Newfoundland; and for
otterrurroses" II beeins by se'tirg forth tia. 10
October 1856, q company was established 10 England
TO correct Gfest Britain or Ire sad With Nswfourd-
land by eutma,-e electric telegraph. TtEs estsb-
ishrg electric communication between Europe ara
America having a cspisi OF three hundred thousand
pouI ds divicec into three hundred shares OF oae thcu-
sar pourc each The number Of shares was aver yard
i,crsssed to three tutdred ara ffty, sl OF which
were nsued, eId tie cum Of si1 runcied pounds
wss paid uron each share. II also get forth that N
couieauerte Ct agreements entered into with other
conptLes ano peraOrs, and In order that IRE uncer
tasiIg which l. ore Ct great pubic ana na,onai IN
prstai ce shall Re speedly carried into execution, 1t Is
dee.rable inst rev company Including tle orgns
sbsebode.s should be n.tued with the nece sssry
powers TO carry out the raeetskng, ara re A,iL,s
ali the rights aud prveegee and essuuil3g ell the la
biities entered into by the old company. The night
ve. v e,s'ie 20 nee 20 'ni the c.pits stock g 100000
the Directors having authority to create additional
shares of not mcre than E UO nor lees than E2U
each. TIE right ws given TO borrow onethird OF TIE
cspltl On bord or mortgage, but ouetnird OF the
rncney received for calls mu-t be applied to the repay
n ert Of such money until the whole shall be dis'
chs'eed.
Cisco Fave authority TO require the Directors to
call an extraordinary meeting OF the Company, the
time Of TIE annual meeting being hxed for ihe mouth
of February, il Londor twenty shareholders having
stt ck 70 the amount of 80 600 constituting quorum
twothirds vote OF the Company shall authorize the
Directors to subdivde the 600 shares into hity
shares Of f21 Zach, 900 share conterr1ng nifty
votes upon the hoiier. Ire Board of Directors B
Fixed st eighteen oct the number may bo reduced a.
ony general eeiirg, but rot below eight. The quail
lficaton Of Director is the holding OF Il 900 IN tie
stock Of tie Company and the Directors OF toe org
nal Compeny shall be the fret Directors OF the new
Con pany Tie Remuneration of the Directors is to
be fixed by the stockholders. Inc Compsny mas su-
tho,ity to elect from the shdrehoGers orc res
den. in the United States or the British Provinces Of
North America not more than eight from the former
al four frcIn the latter who shall be Honorary Drec
tors sha tave the right to be present. tske part IN
and vote at the meerg Of Directors, but are not 10
DO couI ted in determining whether there II quorum
and shell receive remuneration for Their services.
Tne BIsh Government reserves the right to ap-
point an ex-oiico Director of the Company, for the
purrose of securing the due iulbment on tie part OF
The Company of al contracts for the Transmission OF
signals sId messsges for her Mejesty or OF her Msj-
esty eervce This oficio Director is not 10 so oat
Of Office With tie other Drecor but be ls removable
AT the pleasure Of the Government. He is to be a
shareholder in The Company CT not, az the Govern
next may think fit he s to be presert at al meeting,
of the Directors ard of the Company asd has power
10 examine al books ard documents ct the Company,
but Las lot the right to vote, aud does not receive
aIy remuneration from the Company.
lie has tie power, in the he il of opinion that
6Ct or course VI OJulpbhy ~
Eelolmsnce Ct the contracts With Govefndsat, or the
reeeJar, tpeeoy aud impartial tTansriss.on OF meg
ssges for tie public or otherSi.e dsadyan'sgeour 10
Government or tne pubic. TO veto ths takins VI rucn
couTfe Or the doing Of such act when the mat s1a
be rote;rd 10 tie Loros Commssoners OF the Treas
ury whOse opinion shall be hnsl, unless the Board oil
DectOrs see fit 10 appeal to two judges o the Supe-
rior Couit at Westminster, whose dS,ision shsI oe
final and ,Crcusve on al parties. Inc tIecTon OF
Dirsct Of the Company, ordinary or honorary, IS
subject to the approval Of the Lords Commissioners OF
the Treasury
be tie LAYING Down OF one more submarine tee
graph cables between Ireland and Newfoundland or
on the Continent CT America and the working OF Such
lies. They aIe Authorized ard empowered 10 make
errargemei.ts with the New-Iork Newfoundland and
Iord, and other Companies, fcr the IGrsnisso1 OF
ges end for the charge on ire same as may %
recesssry for the carrying cut OF the OBJECT oil the
Company. They empowered TO TX ard receive
reasonable charges ior the transmission OF MESSAGES,
ard may demand prepayment OF the same WIN Tue
exception OF the priority OF government messages, 81
otheis for the public to be received ard sent with
out favor or preference, ordns TO the otdsr OF
time in which they shsll have been received by the
Company. The following section, 10 regard to the
right Of government priority, We quote entIe;
delivery for her As.ey % on her Mse.'ys .sr,cs
ms have IGy o 0tis he - their oe and
TO ees.r MESSAGES and nsnas scc1reney
tie ss gee and signals iha fst been transmitted
PROVIDED swuy. nat ne Con- pay may IL e
nited States equal IN rae OF amount 70 E esnec " o
On nan 81 q ~ H. ss s1e sss. Ii Is py o as.oe
OF their Yvice al other messages and szpls
s:psfs' Ms.,s. ~Iyies Tie .nd s Se they & 5.,. aoa.
i ,na hsye notified he .'Ins 80 fS.' I 20 .ss
and rTns service OF the Of toe Ued S.es
.ba be entitled TO- ana shall have during tSe
continuance OF any such guaranty or t.s nse
priority .nd 'zrss oi Der Mssy oI on Der Naes
SrresorsrS ne..ss. aud ara. Sr her M,eay Der
Massys service snd ;ho-e on me service Of M overa len 0
he United ses .an :. o'sesn .es sr rcsp-rs, h IL.
order of time in winch hey nay D. T-'Pee'y "'
II the Government and the Company cannot agree
upon the rate of remuneration for sending pubic mes-
ssges the matter is 10 be settled by referees.
The Company is authorized whether or not they
shall grant 10 the Government Of .he Cnitad Sates any
such priority stated in The section before quoted
10 make srarg cement with tlst Government ior the
ion of their messages. Ine ioho xing secuon
authorizes the English Government, under certsin
circumstances to lake Possession OF tEe works OF the
IxiI At al time. and rhr psiSi OF twcny I've
soa ys.5: Sh G is :is Isnon Of s... whsssesr
tsy's principal Secretaries OF STATE ~ ne .ine beng .s
m Mses.ys GveIlmer. toe corI Of the ope,son OF zoe
cos,taDy s5S y awful Tor srca ScEe.Ay Of sa,e e~
egrsphs snd ,e-rLphc spqt;us Of he various sAions ie
company. their onss nsEr io' TIE 'Pse Of one we.
COZ riuniC.,.on beng made sAls s'en save .iea -
.ha be Aeiet Aad ss'Aor1ea sy y .s. q s,e, :,
.in Of the ..d telegraph. .ss,pe spgsrsa. 70 Be
Sse s1l Pos.0n txpee Tor tie .ssv.e;
tb, !. 80 rsi.ined tie CorF.ry AeT sssn'
,p receive and be paid BY the Los Commi '.ioosf. oi
psy would hayv they had ,oan % the WORKING Of
h SAID ,elesrsphs sh pros 70 te sd Up N AZ aveiIr
Sia.y prsceaias ,Ae ..uing Of lie ,si w.aais
Apy negligence OF delay IN the TRANSMISSION OF
message makes tie ctficer liable to tine not exceed
IN, go Any dsmsge 10 the works OF the Company
racoxsrshe - nv exit 81 lsw, aLi any person CON-