Charles City Republican intelligencer. [volume] (Charles City, Iowa) 1861-1864, 1862-09-04
aaest6arS tbe COURSE Of empire tah,s its d0lap."

| Union Pacific Railroad and Telegraph
Company, and twenty-five shall con-
stitute quorum for the transaction
of business. Tic first meeting of said
board shall he held at Chicago at such
time as tho commissioners from Hi
nois herein named shall appoint, not
more than three nor less than one
month after the passage of this act,
notice Of which shall bc given by
them TO tho other commissioners by
depositing call thereof in the post
office at Chicago, post paid, to their
address, at least forty days before
said meeting, and also by publishing
said notice in one daily newspaper in
each OF the cities of Chicago and Saint
Lonis. Said board shall organize by
the choice from its number of presi-
dent, secretary, and treasurer, and
they shall require from said trcasur-
er such bonds as may be deemed
proper, and may from time to time in
crease the amount thereof as they
may deem proper. IL shall be the
duty OF said board of commissioners
to open books, or cause books to be
opened, at such times and in such
principal cities in the United States
as they or a quorum of them shall
determine, 10 receive subscriptions
to the capital stock of said corpora
tion, and cash payment of ten per
centum on all subscriptions, and to re-
ccipt therefor. So soon as two thou.
sand shares shall be in good faith
subscribed for, and ten dollars per
share actually paid into the treasury
of the company, the said president and
secretary of taid board of commission
ers shall appoint time and place for
the first meeting Of the subscribers to
the stock of said company, aud shall
give notice thereof in at least one
newspaper in each State in whixh
subscription books have been opened
at least thirty days previous to The
day Of meeting, and such subscribers
as shall attend hc7mectfng SO called,
either in person or by proxy, shall
then and there elect 10y ballot not less
than thirteen directors for said corpo.
ration and in such election each
share of said capital shall entitlc the
owner thereof to one vote. The pres
idcnt aud secretary of the board Of
commissioners shall act as inspectors
Of said election, and shall certify un-
der their hands the names Of the d.
rectors elected at said meeting; and
the said commissioners, treasurer, and
secretary shall then deliver over to
said directors all the properties, sub
scription books and other books in
their possession, and thercupon the
duties Of said commissioners and the
officers previously appointed by them
shall cease aud determine forever, and
thereafter the stockholders shall con-
stitutc said body polite and corpor-
ate. At the time of the first and each
triennial election of directors by the
stockholders two additional directors
shall be appointed by the President
of the United States, who shall act
with the body of directors, and to be
denominated directors on the part of
the Government any vacancy hap
pening in the Government directors
at any time may be filled by the Pres
ident Of the United States. The di-
rectors to be appointed by the Presi-
dent shall not be stockholders in the
Union Pacific Railroad Company. The
directors SO chosen shall, as soon as
may be after their election, elect from
their own number q president and
vicc-president, and shall also elect a
treasurer and secretary. No person
shall be director in said company
unless Inc shall be bona fide owner
of at least five shares of stock in
said company, except the two direc-
tors to be appointed by the President
as aforesaid. Said company, at any
regular meeting of the stockholders
called for that, purpose, shall nave
power to make bylaws, rules, and
regulations as they shall deem need
full and proper, touching the disposi-
tion of the stock, property, estate, and
effects of the company, not inconsist-
ept herewith, the transfer of shares,
the term OF Office, duties, and conduct
Of their officers and servants, and all
matters whatsoever which may apper.
tain TO the concerns Of said company
and the said board of directors shall
have power to appoint such engineers,
agents, and subordiuates as may from
time to time be necessary to carry
into effect the object of this act, and
to do al! acts and things touching Tho
location and construction Of said road
and telegraph Said directors may
require payment of subscriptions K
the capital stock, after due notice, a
such times and in such proportions a,
they shall deem necessary to complet,
the railroad and telegraph within tn.
time in this act prescribed. Said pres
; ident, vice president, aud director
shall hold their office for three years
| and until their SUCCESSORS are dul,
: elected and qualified, or for such les
time as the bylaws OF the corporation
: may prescribe and a majority o
: said directors shall constitute a anO
\ rnnnfv the transaction of business
D The secretary aud treasurer shall, Civ
: such, bonds, with such security, as th
! said board shall from time to time re
j quire, and shall bold their Offices at tn
I. will and pleasure Of the director.
ii Annual meetings of the stockholder
: of the said corporation, for, the choic
1 Of officers (when they are to be chos
! fen) and for the transaction Of annua
business, sholl be hoidcna at such tim
J, and place aud upon. such notice a
/ may be prescribed in the bylaws.
: |, !. SEC. g, Aad be Il further enacted, Tha
j the right of way through the publi
5 Hands be and the same is hereb,
i granted to said company for the con
D struction of said railroad and telegrpI
' line and the right, power, and au
: thority is hereby given to said con,
I pany to take from the public lands ad
Z iacent to the line Of said road, earth
+ stone, timber, and other materials fo
-