The Idaho world. [volume] (Idaho City, Idaho Territory) 1864-1918, 1871-06-01
THE NEW RAILROAD.


ton of the new Railroad Company, filed on
the Odd Of May in the Office of the Secretary
of State of California. The paper containing
them came after our leader had been set up.
The names of the incorporators, some OF whom
cantrol the financial destinies OF Europe, Is eV
idence that it is no mere "paper railroad"
and the payment of ten per cent. upon their
subscriptions shows that they are in earnest
and mean to build the road. The vast i'm
portance of this undertaking to our Territory
and the general interest manifested therein, &C
counts for the great space we have given to
this subject in this issue:
KSow ALL MEN BY THESE PRESENTS: That we,
whose names are hereunto subscribed. being the
smhscrihers To the stock of contemplated railroad,
there follows the same description given IN article
first below. Which stock, so subscribed by US
amounts to at least 600 per mile for each ana
mile of the said railroad so intended TO be ouht anu
has been subscribed by us in good latin, ana
TEN PER CENT. THEREON
Tn each has been maid actually and in good faith, to
Milton s. Latham one of our number, who mas peen
appointed and named by as Trustee for that pur-
pose And Also being DESTROYS OF forming corpora
ton for the purpose aforesaid, dol hereby at reg-
lar meeting of u.s. the said subscribers held IN pnr-
suance of the statutes in such cases made and pro-
yded and after due written notice thereof given TO
each OF by the said Treasurer adopt the following
ARTICLES OF ASSOCIATION.
First-The undersigned. whose names are hereunto
subscribed do hereby organize. form and become a
ance of an Act of the Legislature OF the State OF Cal
ifornia title of the Act for the purpose OF owning
constructing and maintaining railroad In the states
Of California and Oregon, and the Territories OF
Tytal rfn0 NJ a
or near the town of Davisville county OF 1olo ana
State of California; thence northerly through the
Sacramento Valley, and thence in northeastery d.
recton through the counties OF Iolo, Iehaina Shas
and Siskiyou in said State. crossing the northern
boundary Of California at point near Goose Lake, TO
point Christmas Lake in the State oil oregon;
thence easterly through the State OF oregon the
ritory Of Idaho and the Territory OF utah TO ogden
CITY, in Utah. Also from point on the nrst-named
route in the bend of the Pitt River near the 4lsi
parallel of latitude northeaserly TO Junction IN the
State of Oregon with the railroad of the Oregon and
California Railroad Company. Also. from point on
the frst-named route near Christmas Lake. westerly
to q junction with the railroad OF the oregon and
California Railroad Company at or near Lower klam-
ath Lake In tue State of Oregon the length of the
said railroad as nearly can be ascertaned, being
923 miles.
ARTICLE SECOND.
The name of the corporation hereby formed and
organized shall be and is, 1.-The California PACING
Railroad Eastern Extension Company" and the term
Of its existence shall be fifty years from the date
thereof.
ARTICLE THIRD.
The capital stock of the said corporation shall be
and ia hereby fixed at $50 600 000 being the actual
CONTEMPLATED cost of constructing the said railroad
the cost of the right of way motive power and every
other appurtenance and thing for the completion and
running of the road nearly as can be estimated by
competent engineers and is divided into five hundred
thousand shares, Of the par value OF 500 each.
ARTICLE FOURTH.
The number of Directors who shall manage the af
fairs Of the said corporation shall be thrteen and
the names of the persons chosen TO act As sucl
Directors, and to hold their oices until others are
elected are: There follows the same names as arr
belowl, all OF whom either in person or by proxy
are subscribers to these articles of association hav
ing duly paid the ten per cent required by law upoi
their subscriptions.
In witness whereof we have hereunto subscribed
our respective names, places of residence and thu
number Of shares by each Of US respectively takeI
in said corporation, at the City and County of SAT-
Francisco California, this 22d day of May, in thu
year of our Lord one thousand eight hundred anC
seyenty-one.
William P Roelofsen San Francisco. 900 900 share
Milton s. Latham, San Francisco $4,000 shares
l. Friedander, San Francisco. $4,000 shares
Richard p. Hammond, San Francisco. 5000 share
A. Gansel, San Francisco ........... 5000 share
Eugene L. Sullivan, San Francisco :. $4,000 share
+. d. Atherton, San Francisco. ..... $4,000 share
J. p. Jackson San Francisco $4,000 share
J. B. Frisbie, Vallejo. .,........... $4,000 share
Alexander Delaski, London England. 5000 share
William II. Tilnghast, San Fran oisco $4,000 shares
Edward II. Green, (by his attorney-in-
fact Milton s. latham London :. 80. $1,000 share
Rudolf Sulzbach, Frankfort-on-the-
MAN, (by his attorney-in-fact, Milton
| s. Latham). Observation-Disclosures. o. 900 shares
julius May, Frankfort-on. the Main, (by
his attorney INTACT Milton s. Latham) 49, 900 shares
MEETING
OF Directors was held for permanent organization
and chose VIM. F. Roelfsen for President Colone
John P. jackson. vice-Presdent Milton S. Latham
Treasurer. and w. II. L. Barnes, Secretary.