Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1866-05-01
OFFICE OF VENEZUELA COMPANY, }
No. 729 MAIN STREET,
RIcHNoSD, Va, May LIST, 1866.
MEETING OLE THE ABOVE COM

a M EEL lNu VI hbc ~ YIN
N pany, by appointment and by successive adjourn
ments was held in the city of Richmond on the 25th,
26th and 9th insants at which the following principal
proceedings and action had to wit The grant oi
all the unoccupied lands in the State of Guayana and
District of Amazonas in the United States OF Venezue
Ia made by that Govern men, on the 18th of septem;
Der, lS6 $ to DR.. H. Price and his associates, and
agreed upon by and between the said parties on the 9TH
day of February 1885, accepted by the company
the conditions therein specified.
The following By Laws were adopted:
ART lsr. The grant of the Government of the Uni
ted States of Venezuela, and the authority conferred
thereby DR.. NJ Price and his associates, to or
ganize company for the settlement Of colony In the
State of Guayana and the District Of Amazonas, shall
be the Constitution Of this company.
ART. %. This company, for colonzing all vacant
lands in the State of Guayana and the District OF ANA
ZOnas and for the enjoyment of all rights and Jurisdlc-
TONS privileges and immunes granted and stipulated
in the said charter shall be known as the Venezaea
Company"
ART 81. "CAPIrM srocx."-sec. !. The capital
stock of this pany shall consist of eighty thousand
shares of $50 each, and one half thereof shall be
issued and offered for sale, at the price OF SlOOo
share, in proportion for part OF share, which
shall he known as authorized stock, and thirty thou
sand shares shall be distributed to late Confederate
soldiers and other Southern citizens who on condition
of becoming settlers, will accept each share OF this
stock, which shall be known as gratutous stock, and
the remaining ten thousand shares shall be retained
and disposed of by the grantee and be known as Re-
Sec Q. The Executive Council shall Issue the autho
rzed aud gratuitous stock in and by certificates OF
whole, or half or quarter shares.
Sec g. All certificates of stock issued by the company
shall be signed by the President and countergned by
the Secretary, with the seal of the company annexed
and the certificates of stock already issued by the gram
tee shall be valid and be conformed to this rule.
ART 4TH The entire control and administration OF
the company shall be under Court OF Directory, to
consist of the President and sixteen Directors one oil
whom shall be the Weep resident, who shall act as
President when there is vacancy in the Office OF Pres
sickness otherwise.
ART 5TH Sec /. The Directors shall hold their Of
a. hall 1a Hal
by the Court of Directory The Directory, by vote Of
distrust may compel the resi- nation of any
of its members In ease OF removal by such vote OF
one of the Directors the vacancy or vacancies
shall be filled by vote OF Directory But no one shall
6 eligible to .pe o sde unless he Is the
Sec . The Court of Directory shall elect the Pre,i-
dent and Nce-President, Secretary and Treasurer,
and such other officers as may BE- necessary, and shall
prescribe their duties and compensation and also what
compensation shall be made to the several Directors for
their services.
Sec g. The Court of Directory shall he convened by
pointed by the President and grantee All vacancies
occurring therein shall be filled by the Directory.
STANDING COMMITTEES.
ART GrH There shall be the following standing
committees OF the Directors, each constituting asepa-
rate Bureau, to wit:
lst Finance-three members.
ID. Commentaries members.
Sd. Judciary--thres members.
4th. Public Lands--three members. ...
9th. Mines-three members.
9th. Observation-Disclosures members.
7th. Agriculture-three members.
ART 7TH Sec l. Each standing committee shall have
the exclusive control of the Bureau under its charge
subject only to the Executive Council which shall be
composed Of the chairmen Of the several committees
and the President of the company.
Sec 9. There shall he right of appeal from the Exc
cutive Council to the Court of Directory.
Sec 3. Each of the standing committees shall pre-
scribe the regulations by which 1t shall be governed
and shall be careful that such regulations be not ncon
sistent with the Bylaws Of the company.
4 "a maetinys of the EOurt of Directory, the
Executive Council and of any standing committee, the
business shall be conducted according to parliamentary
law, far the may be applicable and at the
request Of any member, motion made shall be re-
duceJ to writing before the vote shall be taken there
Sec g. There shall be annually stated regular
meeting of the Court OF Directors the first OF which
shall be held at such time and place as the Executive
Council may appoint. " Ai.#t . ~ e.f..
Sec 9th The financial committee shall take such
bonds as in their judgment ought TO be required Of the
Treasurer and Of other subordinate officers and agents
and in such penalties IS the said committee may pre-
scribe and with such sureties as they may approve.
Sec 7. At the meeting Of the Court Of Directory, Of
the Executive Council and standing committees each
member shall be entitled to vote, irrespective Of
the amount of stock held by him. $50" '.'
Sec S. The Executive Council. shall have and be en-
titled to exercise all the authority and power Of the
Court of Directory but it shall be subject to the in
speeion and control OF the Court Of Directory in every
respect.
of the Executive Council the President shall be entitled
to vote.
ART srH No debts shall be contracted account Of
the company except by the Executive Council or the
Court of Directory, and payments OF money shall be
made Of the company but by checks on the
Treasurer payable to order in such form and at such
sight the Executive Council or Cont OF Directory
NAV prescribe, and a complete register OF all snch
checks shall be kept by the Treasurer and other dis
bursting agents shall keep an account Of all payments
made by them.
ART. Cru The liability of this company and Of the
individual stockholders in any and all of the trans
actions of the company is intended and hereby declared
to be restricted tho stock and common property Of
he company.
ART lorH These Bylaws may be altered or
pended by three ourhs Of the whole Court Of Directo
ry or by the unanimous vote Of the Executive Council
when the Court Of Directory Is not in session.
Dr. H. NJ. Price, the original grantee, was declared to
be the President Of the company.
The following other officers and committees were
elected
Vice observation-disclosures W. Mason. i..
Secretary--James Z. Blair.
Treasurer-Jesse T. Hutchinson.
Committee on Finance. w. Mason, Il. r. Collier,
J. K. Tucker.
Committee on Commerce.. r. Tucker, J. W. Mason,
d. p. McCorkle.
Committee on Judiciary-R. R. Collier, Kenneth Ray
ner, Z. H. Musser. o.. ~.
Committee on Public Iands-D. P. McCorkle, J. A.
Doll, w. A. Banks.
COMMITTEES on Mines-s. NJ Barton, R. H. Musser, D.
p. McCorkle.
Committee on Organization-C. r. Bryce, J. B Ker-
shaw, J. K. Tucker. ....l.
Committee on Agriculture-Yett to be filed.
More particular information, and more at large will
be furnished to the public in pamphlet FORM soon as
it can be got through the press. ..l
Published by order Of the
.... COURT OF DIRECTORS