Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1860-02-16
Organization Of the PeoPIes' Pas
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organization Of the fA%
senger RafIroad ComPnns.
The inoorporstors Of the Peoples PssssngeI
Railroad Company Of Memphis, eleven 20 nun'
Der, mt yesterday at the Office Of MessFs-
Small a Fouts, and in pursuance Of The terms
OF their charter organized BY the election q
Eve directors 10 act for the ensuing year. II.
D. Small, ESQ was called to the chair, and
COL B. ?. Din chosen Secretary. 4 o'lo'
being taken resulted in the election Of R NJ
Kirby, B. F. DIN, n. A. orns, h. D. Small
and Wa. Kirk
After he incorporators had complied win
the requirements Of he charter they ADJOURNED
sias dc, and the board q directors organized
BY the election Of Wm. Kirk as president and
r N. Kirby as secretary, after which The fol
lowing resolutions were adopted upon The no
tim of M. Kirby;
/ Res5lrsa, That the President be, and is
hereby authorizedt 70 execute the contract with
the city q Memphis, in accordance with he
present existing agreement, and that in 90 do
ing, and TN furthsr - ordered, Be used a rscraWl.
for a seal.
2 That the President contract for the build-
ing Of the railroad on Main street, in pursu
snee OF The contract with the city, for the best
terms be can make, sndrsport the sam 70 this
board a. next meeting.
8. That the president procure sueh books
snd stationery a. are Necessary for the OPEN
ing Of books for subscription, and The business
OF the company, and that he npcn books to.he
public for subscriptions to the stock Of the
same.
Adjourned to meet Thursday at I O'Clock
?. n.
The following Is the eharts under which the
company exercise the rights and privileges
granted them BY the city;
Az ACT to Incorporate ne Peoples Passenger Railroad
Company o. Memphis
Section q. b it snsetsd By ne ssnsFsl ssssmhiy q
the stats Of Tcnncsree. Thst n p Dill a n. Fouie. ~.
A.. Orne, Charles Hafhawuy, c. c. Cteav-s W p.
L-viE Jaseph Bruce. Henry D. Small, R. n Khhy,
D. and are hereby constituted a hsdy plific and o,ruo-
rate. under ne name ani style ~ tue Peoples FassruEer
have Succession fr ne term q twenty-five yCarsi nav
sue and Be sued plead and b. imp'eadedi nay have and
nee a oammous rsli nav uurchHF ane hod such Err
saual snd real esiafe 81 msy D. necessary f1r carrgtrE
on the busine n ne ocrp1-afin and the sane n sell
or displss - a. pessu-ei msg nske on needful bylaw
fr thrir rsveruueut not lncunsistrnt Or in cousict Wiih
the laws q ne United STATE ne State q Tennessee, CT
SIC 2 81 ID furfher enacted. nat he capital siock
% sad ormpany shall b eve hundred thousand dollars,
uhich shall Be diriaed into shares o. any dollars each,
and ne sane may be subscribed 60 and made subject 70 !
such calls ard terms o. payment a. ne diredcy, here
inafer provided for. Ishau daslruatr
SEC. ]. Be DO further enaced. inst the prrs11s shove i
named shal. uifhlu thirty dsz anrr The passage ~ this /
act. meet and hy ballot elect I've % their uuuh-r O. nT 1
As directors o. sid c-upany. and thereupon said cirec- i
a-s shall choose ore % heir number 70 nI a. president, l
and nav rled such othFrCm-eTs e. fhev mink uccessarTt 4
and tx ne salaries % the same, said cmeeu D. remain
10 om.e one year. az Which time, after three EertF
notios In three % the newspapers published b. TIE
e,usr al EhsIbv. stsfs afsrrsaid ~ 10 khaiders Of
oamuarv shah meet and elect he sirectlrs Hfsrr-
said. Each stnctb1ifer hsriur eue rafe for each share Of
st. ack hold b. him Or her aid directors shall fher~u0an
elect fheir Faif 3 eEifcut and other umcsrs, and said
shan take p'ace EuuEt'lr. sud FtncthridrrE
mav vote in persln o. b. prCET Thrre ~ said direciO-s
ahsu uunsdtuie q quorum Tor th1 transaciiun 81 business.
SIC & b b further enaoei. Thai said ouupsay BY Il
theiF fircctors and cmcrul shall have rover o. complete
and eNscuts al o1utracts o. agreements entered IHio
% TIE street. o. said city. or buildiuE raid railroads
znd may alter or snlarEe the terms q same viii said
parties, ard may Operate street raiiroads By animal
DFwer. on an streets IN the cifg q Memphis, win ne
consent ~ said city nav enter into al necessary cu1-
tracts fur ne bliidinE and operating said r'ads. I'D O.
care DIVIDENDS on the capital ffuca q sane
SIC S Ne it further Fnacfed. nat said crwpany
limits ~ the city n Heuphis. not o eEcHed tEo miles
By contracting ard nrreeinr with The county oaurt fr
ne public Highway. sd with individuzs fr The lrnis
.hcugb which theIr rnad may pes. Provided ms ad
nat Be - construed 40 % grant either The iraarse-
nenf ~ The state or ne lazn % any binds.
SEC 8. b b. further enacted Thaf The steckholrr
g said oompsuy shah - individually Fable for ne
.moauf r. thcIr stock suascrihed until The same b. pad.
gsiUedl v G W~HfTH0RNE, II
sp-aksr % the Hou-c q Representatives.
TAZ " EEWMAN.
surafar q ne sena.a. u