The Jersey City news., 1891-03-25
HERE'S A FUNNY MOVE.
A London Newspaper 10 Be Pub
lished by a New Jersey
Corporation.

"The Sun Publishing Company" has
been Incorporated under the laws Of this
state, and certificate Of Incorporation
has been fled with the County Clerk
The incorporators are George E. Barrett
OF Newark, Carey Taylor of North Bergen
Township. and John p. O'Conuor Of this
city. The object Of the company is the
publication of Sunday newspaper in
London. England. Also to acquire, print,
publish and circulate or otherwise deal
with any newspaper or other publication,
aud generally TO carry on the business of
newspaper proprietors and general pub
fishers.
The total amount OF the capital stock of
the company is $150.O00. The number Of
shares into which the same is divided Is
1.5OO, and the par value of each share IS
Sl00
The shares will be divided into two
classes, common and preferred; the COM
mon stock TO consist of / ,499 shares and
the preferred stock to consist OF one
share.
an annual dividend of per cent. aud all
profits of the company in excess Of Z per
cent preferred dividend are TO be
used to pay, first, 10 per cent. cumu-
lative dividend on the common stock and
second, the remaining profits are TO be
divided into two equal parts, one-halt of
which shall belong and go to the holder
of the preferred stock, and one-half to the
holders OF the common stock.
The amount OF capital the company is
to commence business with Is $4,000.
which is divided into $50 shares OF 500
each.
There will be three directors classified
so that one director shall hold Office one
year. one for two years, and one for three
years. Thereafter each director shall hold
Office for three years. One of the directors
shall be elected annually by the holders
of common stock. The other two direct
ors will be elected by the holder of the
one share of preferred stock.
The directors of the company will be
subject to removal, each or all of them, at
any time by Thomas Power O'Connor, of
Chelsea. England, the subscriber for one
share of preferred stock and a new direc-
tor or directors may be substituted in
their place ny him. The holders of the
common stock have no power to elect
directors until the death of Thomas Pow
er OiConnor.
Thomas p. O'Connor will receive a sal
ary of s., 900 Il year except in case the COM
pany shall conduct a daily paper; then
OConuor will receive $4,000 a year.
II Thomas T.. O'Connor should sell his
one share of preferred stock he shall
cease to be a director in the company.
1t is needless to say Thomas p. O'Con-
nor is one of the Irish members of Parlia-
ment belonging to the Nationalist group.
He is newspaper man OF high standing.
having been one of the New York Her
aids London correspondents for many
years, and having since corresponded for
the Sun and other American papers.
Some years ago he founded the Star, a Lou
don afternoon penny paper of radical ten
dencies. He sold il some time ago for
e20, 900, and contracted not to engage in
the publication of any other paper in
England for two years.
The john p. O'Connor of this city, who
is one of the iucorporators of the COM
pany, is a well known figure in this city
and Hoboken, where he has worked as a
newspaper reporter on many papers d ur-
ing the last four years. He is brother of
T. p. O'Connor.