Sacramento daily record-union., 1880-12-07
PANAMA CANAL.
The UNIVERSAL COMPANY
FOR The
Construction of an Interooeanic Canal
through the Isthmus of Panama,
-UNDER THE--
Presidency and Management OF
nj. FERDINAND DE LEssEPs,
President OF the suez Canal Company,
AND WITH TIE
Patronage ard Assistance Of the Principal
Banks and Bankers Of Europe and
America
ISSUE OF
590,OG0Shares Of 500fr. each,
The Terms OF Organization, en Deposit
with NJ. Champe.ier de RiOos,
Notary Public, OF Paris.

TENHE PANAMA CANAL COMPANY WILL
Il be organized with capital OF 30o,000,00o
francs consisting of 100000 shares OF 500 francs
each 10000 shares have been reserved, ae-
cording to the terms OF organization, for the
original grant es in consideration OF the expenses
incurred and grants eeded bv them TO N. ferdinand
de Lesseps, the remaining $4,000 shares being
offered for public subscription The subscrip-
tion price is par, 500 francs per share, pay
able as follows: Twenty Eve francs O. sgl on
subscription 100 francs on an allotment to be made
within thirty days from date of commission The
remaining s75 francs viii be subject to cal, may
be deemed necessary by the Council Of Admuistrs-
tion notice OF which will be published 1T least three
months in advance. No such call, however, can be
made before the expiration of one year from the
date Of subscription After the payment OF 2;e
francs the shares can be exchanged FOR bonds BY the
consent of the stockholders at general meeting.
The owner Of each 20 shares will be entitled to one
vote in the general meeting. Intere win be paid
at the rate Of per cent. on ali sums paid in
during the progress of the work Eighty
per cent. Of the net earnings viii be dis
trlbuted to the Shareholders according to the
terms Of organization The requirements for
official quotation will be fulfilled soon after the
organization of the company. The public subscrip-
tion will be opened in Europe and America on the
9TH, sth and 9th of December, 1880. The distribu-
ton OF shares subscribed will be made pro rata of
the total subscriptions, withou: distinction of
nationality The following privileged subscriptions
are not subject to reduction First the sharehold-
ers and delegates of the Suez Canal Company have
the privilege of subscribing to one Panama share
for each share of the delegation OF the Suez Canal
Company second, the original subscribers to the
Panama CanS Company have the privilege of SUBJ
scribing for the Panama shares in proportion to
their former subscription. In order 70 avail them
selves OF this right, the privileged subscribers
paying the first % francs should present their Suez
bonds or their certificates, proving their original
Panama subscription, to the respective banking
houses.
Subscriptions will be received in Paris by the
Compagnie Uniyerselle du Canal de Suez Comptitor
Descompte, Soeiete des Depots ct des Complies
Courantes, Soeiete Gener-l pour Ia Development
du Commerce ct de rlndustrie en- France, Banque
de Paris ct de Pays Gas, Credit Lyonnais. Societe
| Financiere de Paris, Banque DescOmpte de Paris.
and at all the offices Of the branches and inland
foreign correspondents. Also, in England, Ger
MANY, Belgium, Holland, Austria, Hungary, Italy,
Russia, Spain, Portugal, Switzerland, Denmark,
Sweden, Norway, Turkey and Egypt, 81 the special
houses designated.
The Council OF Administration has appointed q
Special Committee in America 20 represent the CON-
pany in this emission. Under the authority so giyen
the undersigned will receive subscriptions by mail
and telegraph.
AIessrs DREXFL, MORGAN s. CO.,
j. & w. SELGIAH d CO.,
WINSLOW, LANIER t CO.,
New York City. Special American Committee.
sg subscriptions Received in California
Anglo Californian Bank, Limited,
SAN FRANCISCO.