The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1877-11-28

The following articles of incorporation
of the Central Mississippi Railroad
Company were registered by the Sec
rotary of State Tuesday. So says the
Nashville American:
WHEREAS, Under and in pursuance
of an Act of the Legislature of the State
of Mississippi, approved February L, 1877,
entitled " An Act to authorize purchas-
ers of railroads under foreclosure OF
mortgage to organize as incorporated
companies" and under and in pursuance
of an Act of the Legislature of the State
of Kentucky, approved March 1, 1876,
entitled " An Act to incorporate the pur-
chasers of railroads" the purchasers of
the railroad property and franchises here
tofore owned and operated by corpora
ton known as the Mississippi Central
Railroad Company, and afterward by a
corporation known as the New Orleans,
st. Louis q Chicago Railroad Company,
have agreed to organize as a corporation,
and for that purpose have fixed the
amount of capital stock representing the
said property so bought by them at 1872
900, divided into 1920 shares of 500
each; and adopted as the name of said
company, 1.-THE Central Mississippi Rail
road Company" and have elected board
of directors to the number of nine, be-
ing the persons whose names are appen-
ded, and bave established the principal
Office of the Central Mississippi Railroad
Company in the city of New York. Now,
therefore, the undersigned directors of
said corporation, In pursuance of the acts
of the legislature aforesaid, do hereby
state and certify:
First-That they have adopted as the
name of said corporation, 1.-The Central
Mississippi Railroad Company"
Second That they have fixed the
amount of capital stock at 1872, 900,
representing the property bought, and
have divided the same into 1920 shares
of 800 each, full paid, with liberty to
increase the same.
Third-That the number of the board
of directors to manage said corporation is
nine, aud the directors thereof for the
first year, and until their successors are
elected are as follows:
William G. Osborn, residing in New
York.
Stuyvesant Fish, residing in New
York.
Benjamin F. Aver, residing in Chica-
go, Ill.
R. P. Nicely, residing in Bolivar,
Tenn.
William Alex. Gordon, residing in
Pike county, Miss.
Jamer B. Clarke, residing in Pike
county, Miss.
q. W. Paschal, residing in Fulton,
KY.
Fl. D. Murphy, residing in Fulton,
KY.
Fourth-That the road so purchased,
hoy owned and operated by the corpo-
ration so formed and designated as the
Central Mississippi Railroad Company,
is situated IN the States of Mississippi,
tennessee and kentucky, between the
town of Canton, in the State of Mississip
ii, and a point on the Ohio river. oppo-
site the city of Cairo, in the Sta.e of ILL
nois.
aE;e.L-TIat the said railroad, or tn
corporation by which it was constructed,
was originally chartered and known
by the name of the Mississippi Railroad
Company and the Mississippi Central and
Tennessee Railroad Company
Sixth--That the company owning and
operating it for the past three years has
been known as the New Orleans, St.
Louis & Chicago Railroad Company, be-
ing formed by the consolidation of the
New Orleans, jackson and Great North
ern Railroad Company, corporation ex-
g IL sc
Louisiana and Mississippi, and the Mis-
sissippi Central Railroad company, cor
poration existing under the laws of the
States of Mississippi, Tennessee and Ken
lucky.
Seventh-That the private property of
the individual shareholders of this corpor-
alton shall not be liable for the corporate
debts.
In witness whereof We have hereunto
set our hands, this fifth day of November,
1877.
W. Fl. OSBORN, President.
B. F. AVER,
JAMES B. CLARKE,
w. ALEX. GORDON,
JAMES FENTREss,
r. 2. NEELY,
III. D. MURPHY,
g. w. PAsCHALL,
STUYvEsANT FISH.
E The principal of the debt of the Mis-
sissippi Railroad Company amounts to
81 , 1919, 900. Upon this is due interest
amounting to about 800, 900, making
the total indebtedness to the State, in
round numbers 81, 800, 900.
The above interest includes the follow
ing instalments July, 1875; January,
1876; July, 1876; January, 1877; July,
1877.
General R. P. Nicely was appointed re-
ceiver of the road little over a year ago,
anil up to the last meeting of the Legs
lature had paid over to the State $780,
900 on past-due interest account. Since