Sioux City register. [volume] (Sioux City, Iowa) 1858-1871, 1862-07-12
.. SIOUX CITY, IOWA, SATURDAY, JULY l2, 1862


ers Of the Union Pacific Railroad and
Telegraph Company, and twenty five shall
| constitute quorum for the transaction Of
business The frst meeting OF the board
shall DC held al Chicago at such time as
the commissioners from Illinois herein
shall appoint, not more than three nor
less than Que month after the passage Of
shis act, notice Of which shall be given by
them 10 the other Commissioners by de-
posting call thereof in the post Office at
Chicago, post paid to their address at least
forty days before said meeting, aud also
by publishing said notice in one daily
newspaper in each of the cities Of Chca.
20 ard ST Louis. Said board shall or
cnnizc by the choice from IFS number OF a
President, Secretary and Treasurer. and
they shall require from said Treasurer such
bonds as may be deemed proper, aud may
from time 20 time increase the amount there
Of as they may DEAN proper. 1t shall be the
duty Of said board of com missioHers to
open books, CT cause books to be opaned,
at such times, and in such pliucip.e cities
IN the United States as they or q quorum
Of them shall determine. TO receive sub.
scriptOns tO.the capital stock OF said cor
p0ra;ion, and a cash payment of ten Per
centum on all Subscriptions, and to rece pt
therefor. So soon as two thousand shares
shall be IN good faith subscribed for,
and ten douars per snare actually paid
into the treasury ol the company, the
said President aud Seer tary of sad
board OF cummlss ougIs shall appoint "
lime and place f.. the first meeting Of tn
Subscribers 10 the stock OF said company
and shall give notice thereof in at least
one newspaper in each State in which
subscription books have been opened at
least thirty days previous to the day Of
meeting, and such Subscribers as shall at
tend the meeting so called either in per-
son or By proxy, shal. then aud there elect
by ballot not less than thirteen directors
for said corporation aud in such election
each share Of sad capital shall enttle the
owner to one vote. The president and
secretary Of the board ot commissioners
shall act as inspectors of said election,
and shall certify under their hands the
names Of the directors elected at said
meeting; and the said commissioners,
treasurer, and secretary shah then deliver
over to said directors all the prope! ties,
subscription books and other books in
their possession and thereupon the duties
OF sald commissioners aud the officers
previously appointed BY them shaI! cease
and determine forever, and thereafter the
stockholders shall constitute said loiy
polite aid corporate, At the time OF the
FIRST ard each tre0nal election Of d.
rectors by the stockholders two addi-
,ional directors shall be appointed By the
Il, I - J IL. Il,
act with the body Of the directors, aud to
be dcuomiRated directors on the part of
the government; any vacancy happening
N the government directors at any time
may be filed by the President Of The
Uuited States. The directors to be ap,
pointed by the President shall not be
$ 'ockholders in the Union Pacific Railroad
Company The directors 80 chosen shall,
as soon IS may be after their election,
elect from their own number president
| and vice President, and shall also elec:
| treasurer aud secretary. No person shall
be director III said company unless ho
De bona f3e owner Of Mt least tive shares
of stock in the said companH except the
two directors to be appointed by the
President as aforesaid. SAID company, at
any regular meeting Of the stockholders
called Tor that purpose, shall have power
TO make by laws, rules, and regulations as
tney shall deem needtnI a1t proper,
touching tho disposition If the stock,
property, estate, and effects Of the COM
pany, not inconsistent here sith the trans
fer ct shares, TIE term of Office, duties
and conduct of their officers aud servants,
| ami all matters whatsoever which may
appertain to the concerns Of said com.
panv; and the said board of directors
shall have power TO appoint such engt-
neerS, agents, aud subordlnntes as may
| from time TO time be necessary to carry
into effect the object Of this act, and TO
! do all acts ard things tolching the loca.
ton and construction OF said road and
| telegraph Said directors mey require
payment OF subscriptions 10 The capital
| stock after due notice. at such times aud
IN such proportions rs they slail dec
necessary To conptei> the rajlr Dad AMI
| telegraph within the time in this act pre-
scribe1. Said president, vice president,
and directors shall hold their Office log
| three years ard until their successors are
| duly elected and qualified or for such less
! time as the bylaws Of the corporation
may prescribe ard majority Of sad
directors shal. constitute a quorum for the
transaction Of business. The secretary
and treasurer shall give such bonds, with
such security us the sad board shall from
| time to time require, aad shall hold their
oi!ices at the viii and pleasure OF the di-
rectors. Annual meetings Of tho stock
ho'dors Of the said corporation, for the
choice Of officers (when they are to be
ehoeen) and for the transaction OF annual
| business, shall be holden ut such time aud
place aud upon such notice as may be
prescribed in the BY laws.
See ?. 13t3 bc il .fajthey enaa's3 That
the right Of way through the public lands
be, and the same ID heraby granted to
said oompany for the construction Of said
railroad aud telegraph Inc, ,.nd the right,
power, and authority IS hereby gwen to
said company 10 take trem the pablc
lands a8t.ceut ty the linz. If glii 1,omJ