Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1889-02-07


company, hrm or individual, Ia the
language OF Pharoah in the Red Sea,
"ioly Hosesln
bection 4 preuorlbes that tho capi;a,
t'oek snail consist Of 1000 shares OF $50
eaoh, With tho privilege Of increasing The
saihe to any amount. When the 9. QUO
hhAgss shall have bean subscribed and i
per cant or the same paid in, the stock.
holders shall meet OF WILMINGTON. adop,
bylaws, and elect anywhere from s 10 il
ulreotors, o majority Of whom shall bs
oillnahs OF the United States and resident
she'eln. nnd each director shall be q
stoekhoider. These directors are empov.
cred to exercise, In the name or on behal,
OF Inc company, all rights and privilege,
Woioh are intended to be conferred on
me company, Inject only 10 such
liabilities Rs other shareholders are
oupleet 10, which liabilities are nc
more than for the payment or delivery tc
the company Of the consideration remain
iing due on the shArss subscribed for o,
neld hy them respectively. Increases OF
capital stock may bs in the whole com.
mon, or any part preferred stock, as the
company may from time to time deter.
m'nei and the company 10 empowered Ia
issue any suoh Increase OF stock. or any
portion thereof, in paymen. Of any debt
or liability and in purchase OF any prop.
erly, real or personal; and all stock so
lenued Shall be considered as full paid
and shall not be liable to any further
assessment, and the company may sell O,
dispose OF any portions Of said increase
or stock on suoh terms and conditions as
m@y be agreed upon with any parties, OIL
companies, or as may be found advisable
in the doing of any act authorised By the
provisions Of this statute.
Section provides that the principal
Office shall be opened in Wilmington, bu,
may be subsequently, located elsewhere
and either within or without the State.
Ssotlon says TINT the taxable stock OF
the corporation shall be taxable in pro.
portion TO the amount actually invested
within the State, return whereof shall be
made under oath Of the treasurer and
filed in the Office of the secretary OF
State in December of each year; aud oil
earnings or income derived from it's bust.
ness baycnd tho limits Of the State, and
OF capital and property not invested OF
located in this State, shall not be liable
to taxation. The rate OF taxation shall
not eTceed that imposed by law upon
other corporations.
Section provides for the election OF O
president, ice.president, general man.
hger, secretary and treasurer and sec.
lion 0 permits the directors to change the
name Of the corporation ct my time.
How ia this for Credit Mobllier char
ter with most favored nation attach,
ment2
NEW RAILROAD.
Senator Dormsn gave notice to-day Of
bill to charter company to construct
railroad between Georgetown and Mil
ton, o distance of about eight miles
through productive region. Mr.. Dor.
man has not yet seen the bill, which i:
expected to arrive next week. and is moi
TO soy much about the pro
iected railroad, but he understands II Ia
be local enterprise and having 10 con
nectinn with the Pennsylvania company.
He thinks the road may probably be ex,
tended beyond Milton to the bay shore,
which, IL carried in straight line, il
would strike about Slaughter Greek Land.
ing.
oTHIR MATTERS.
The committee on Legislative ball held
o meeting OF noon and decided On Febru.
AIRY 26th as the date and The dining room
OF the Hotel Richardson as the place foi
the hop.
Committees on printing, Refreshments,
room and music were named, and Iessrs.
Riohardson, Gray, Lodge and Dorman
added to the original committee. The
invitations will be limited to 300 and the
tickets will not be transferable.
The Bachelor Boat Club, of Whining
ton, has sent charter down for the
General Assembly to put through. II
names Charles j. Campbell, Alfred A.
Waite, Daniel O. FatrR, John E. Waite
head, Austin Harrington, Willard Hall
Porter, Joseph N. Harman, Jr., Eilwood
o. jackson, Elmer e. Mitchell and CHARLES
o. Bye as inoorpegators, with power TO
hold, take, and seize lands, &c., the clear
yearly income OF which sha!! not exceed
500, 600. Probably, as in the case Of the
Land and Improvement Gem
pany, that word 'take" will be teken ont.
hepfesen's'iye bisRs reported me 10
aetlon OF the state treasurer anu auditar
,onferrees 10 IN doase to dsy, tefsaiy as
iciiows: u beg leave 10 repors thAE taey
net and they parted, and they didat
'gree'" ,,
Iae Frat divorce Dill to gat througn
both houses was thar nnmarrylng Cora
II ~ A L..
Gst.Ns HUS,s'... -, l., d., soda
Geofge ~. WhAtAaer YVES tu-cay mas
,eRdjpR clerk OF the Senate the first to
,tinjalIv hold that title.
ro,.,, TIT Nat fvo r,ar,I,eru a
pare quorum, appeared in tieir seats in
he Senate this afternoon, who, alter .
'ilent session OF 50 minutes, adJournsd
without having done a stroke OF busl'
1eaH, IN the Hpuge there was hut little