The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1867-02-16
NEW ADVERTISEMENTS
Prospectus
OF THE
.0G'N CENTRAL RAILROAD COMPANY.
THE uNDERsIaNpn rrcnnponA

ME, THE UNDERSIGNED, INcoRPORA-
tors OF the Oregon Central Railroad Conn
pany," hereby appoint J. CASTOR, Of Salem. Ore
gon, Secretary Of the Board Of Incorporators. and
authorize ana designate him, as one of the IncSr-
porators of said Company, to prepare and omen
the Stock Books ofsaid Company. undsr the folIpw-
ing rules and regulations:
LIST. The shares of the capital stock in said Com-
pany shall be subscribed for at their par valne n
0oId coin or its equivalent ia currency
I'd The Board of Directors may levy assessment.
as often as once ineyery sixty days, but not more
than ten per cent. shall be levied in such period.
Sd. Shares may be subscribed and paid for with
claimed" or improved lands, rating them at q fair
cash valuation.
4th. All persons who paid money or propertv in
aid Of "BarTy's Railroad Survey made in 1864.
shall be entitled TO have the same credited To the
amount Of ton per cent. upon any subscription of
one or more shares, provided they furnish ~satisfac-
ment In said year.
5th. The Board Of Directors shall have the right
70 reject any subscription or subscriptions for
fraud, OF any pther matter bearing upon the inter-
ests Of the Company.
9th. Neither the Board Of Incorporators. or
Board Of Directors shall ever have any right or
power 70 sell Or dispose Of sbe corporate franchises
Of this Company without o threefourths' vote Of
all the stock subscribed, In favor or stch' gale . bd4
this proviso snail not be construed, TO fprsyent the
Board Of Directors from raising money to construct
~b~ AV@% ~ q ~ IH or
other real estate, railroad or equipment; and in
all questions upon which the Board Of Directors
may not unanimously agree, any stakeholder may
appeal 20 the decision Of o ~4Asjosity Of the stock.
which decision shall be final.
Tth. As soon az the Capital gtoek. ~ = I.4g
thereof, Of said Company shall have been subserib1
ed, the said Secretary Is hereby directed 10 ealr :
meeting Of the stockholders, in pursuance Of tbs
General Incorporation Law, for the election Of !
Board Of Directors.
Sth. The above articles are L.xak
Of the contract Of subscription between the stock.
holders and said Company.
The said Secretary Shaii open an Office fer the
transaction OF the Cornpany's business, and pro-
coed 70 the work OF canvasging for subscriutions ~
stock in the counties and towns along the route og
the road the Hon. F.A. Chenoweth being autbo,s
lied 70 canvass Linn and Benton counties. =.
r. X. THOMPSON, EDWARD r. GEARy
J: 6. AINswoRTH, J. Il. MITCHELL,
Mn. hELvIS III. w. cORBETT, r@
1Eo' II; mOOD5, BY hisproxy, VS. .LApn
=, CHENgWETH, B. =. BROWN, :
JOEL PALMER, Z. II. cox.
IncorporatoYs.
IL is not proposed TO discuss the Importance ~
this railroad enterprise 10 the people Of the state.
o. 70 urge the importance Of aiding il at this time.
II has been very fully explained heretofore bv az
cial and The public and the pubic nre..
and what has not been already said. aud l. deeme9
necessary 20 be said, will be urged on the attention,
Of the public at another time.
1t may be Nstcd now that the eutsrprise has
gained sack strength and received such Assurance.
OF Encouragement from practical railroad men and
eapitalthfs, that this present EFFORT will certainly be
crowned with suceeEz. little patience and per.
severance IN addition 20 what aid the farmers and
business men Of Oregon viii be able % give IL Il
all that 10 necessary to put the road through 10 the
head Of the Willamette Valley. From the fact
that thF railroad companies Of California have en-
gagged all the shipping for . long time ahead, for
the transportation Of railroad iron, (sbips being
willing 10 carry only q mail quantity as baIIastf,
u viii be necessary 20 secure an extension Of time
from Congress-, fE the construction Of the frst
section. Arrangements have been made with ouf
delegation IN Congress 70 secure not only this ex.
tension Of time, but also = confirmation 81 the land
grant 70 this company, IN pursuance Of the action
OF the legislature Negotiations are now pending
between the Company and railroad CAPITALISTS IN
the East, and a. soon as positive assurances that
they viii invest their money in the securities of this
company, OF furnish the iron and funds 20 put IL
through. (which are daily expectedl subscriptions
Of stock viii be solicited, so that what is done will
not be a fruitless effort, or time and money thrown
away. The names of the IncOrporators above are
. sufficient guarantee that whatever is done viii be-
done in good faith, and for the best interests of the
enterprise, and thatit viii be perseverlngly pushed
forward - ina success J.. -
VznZ1iw Secretary.