The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-05-22
IsFHMIAN CANAL CHARTERS.
Three Companies Incorporated IN
der the Laws of New Jersey.

hao oeen discovered, relating 70 ship ca
nails in the Isthmus Of Darieu. The char
ters include the Panama Canal Company
of America, the Inter-oceanic Canal Com
pany, and the American Isthmus .CarNl
Company.
Mr. Morgan had given notice that he
would call up the Canal bill for considera-
ton al o'clock today but as Mr. Spooner
had the fioOr for an address on TIE Philip
pine question. he yielded and will call the
matter up later in the day.
The Panama Canal Company's charter
states that the company is formed Tor the
following objects:
ITO acquire by purchase CT oiherE ise.
the maritime ship canal Of the Compagnie
NouyeIle du Canal de Panama and the rail-
way across the Isthmus OF Panama be-
tween the Atlantic Ocean and the Pacific
Ocean; TO construct, exploit. complete,
manage. maintain, and control said canal
and railway and the various enterprises
connected herewith; to collect tolls and
revenues therafroIn, and 10 use and enjoy
the same
To acquire BY purchase or otherwise and
TO construct, operate, exploit, manage. and
control lines Of railway along or in the
vicinity OF such canal.
To acquire by purchase or otherwise,
and to construct, operate, and exploit,
manage, and control cable lines, telegraph
lines. and telephone lines along and 10
connect with such canal and such railway
or railways, and in and along the shores Of
the oceans. seas, gulfs, and bays at. near,
OF to connect with such canals or railways.
To acquire by purchase. lease. or other
wise, and 10 construct. maiL.aiB. operate,
manage, and control. and TO sci, let,
pledge or otherwise dispose Of ships, boats
and other vessels OF every kind and nature
and propelled by any power; TO acquire
concessions. gantes. privileges. or licenses
Tor the establishment and working Of lines
Of steamships or sailing vessels and 10 es-
tablish and maintain lines or regular serv-
ices Of steamships or other veeseIs be-
tween any ports Of the world. and generally
TO carry on the business Of shipowners,
and TO enter into contracts for the carriage
OF mails. passengers, goods, and merchan-
disc by any means. either by its OWE yes
sells, railways, or conveyances. OF BY the
vessels. conyeyances. and railways OF 9TH
ors; and 10 collect. use. and enjoy revenues
Ihere1rOm-
To enter into any arrangements with
any governments or authoritiss-national.
state, municipal local. or OtheTWise-that
;
JeCts or any OF them. and 10 obtain from
any such government OF authority any and
all rights, privileges. grants. and con-
cessiors which the company may think Il
desirable 10 obtain. and 20 carry cut. ex-
ercise and comply with any such arrange
nents. rights, privileges. and concessions.
including the construction OF any and all
internal Improvements Of any and ever.
nature.
The a-norr-- % The -,-ar ar,-A.oriz.1 "a
itai stock Of the corporation is $50. .000, Gee;
The number Of shares into which the capt
tel stock is divided is 800 eco shares. con-
sisting Of 5e,000 shares CT first preferred
stock. 150.GOa shares OF second preferred
stock. and 1C50 0o0 shsres OF common
stock, and the par value OF each share IS
SI0e TIE amount OF capital stock with
which i Will commence business is S5.00O,
consisting OF twenty-four shares Of first
preferred stock. nine shares Of second pre-
ferred stock. and seventeen shares OF COM
mon stock
The charter Of the Inter Oceanic Canal
Company states that the objects for in
corporation are as follows:
To survey. locate. excavate. construct,
enlarge. extend. use. maintain. Own, and
operate maritime canal and its aeeessor-
les between the Atlantic and Pacific oceans
through the territory Of Nicaragua or any
other territory IL Central OF South Ameri-
ca
To acquire the concessions granted. or
here tofore granted By any Government for
the construction and operation Of a mari
time ,anal and its accessories between the
Atlantic and Pacific Oceans in Central or
South America: and the corporation shall
have all the rights prerogatives. and POW
ers necessary % fulhH the duties and OBJ
legations imposed. and 10 enjoy the privil-
eyes conferred upon il by such co1ces-
sicns; and the corporation shall have the
power 10 formulate rules and regulations
for the construction. management care,
protection. improvement use. and opera
ton Of the canal and its accessories and
sppurtenances. and for the collection Of its
tolls. anr may modify such rules and regu-
lstions at its discretion"
The American Isthmus Ship Cana Gem
paly gives the following objects:
To take, obtain. purchase. acquire. own.
have, hold. possess. locate. excavats build
construct complete. enlarge. extend. i'm
prove. operate, navigate. use. maintain,
manage. and control and receive the emol-
uments thereof. be vested with the powers
and entitled TO all the immunities. exemp-
tons rights and privileges belonging
thereto or incident 10 the same. any and
all canals. canal lines ship railways, rail-
roads. and routes therefor as existing or
y
TO be built on and across the American
Isthmus Of Panama or anywhere within
or across the States Of Central America
Mexico. or United States OF Colombia il
South America, or elsewhere. as herein
after provided. and including all and every
Of the canals and ship railway or routes
therefor and railroads or ways at Tehuan-
tepec. Honduras. Nicaragua ChiriQui, Pan
ANA. Mandingo. Darien, AtraJo, Truando,
Nappipi, San Bias. Costa Rica, and al any
and all other points OF places within the
territorial boundaries Of said isthmus OF Of
said states and countries named. and for
the purpose Of connecting the Atlantic and
Pacific oceans or the bays and harbOrs
opening thereon, or the lakes. rivers. and
streams within said territorial regions
emptying into the same.
Also to take, obtain, purchase. acquire
own, have, hold, posses. use. and enjoy any
and all franchises, concessions. grants.
rights, and privileges therefor. connected
herewith, or pertaining or relating there
to from any Government or other source:
also any and all surveys, Iayouts. locations.
maps, plans, plots, profiles, prospectuses.
designs. sketches, elevations. drawings field
notes, reports, archives, and papers Of CT
respecting the same
TO enter upon. make. and complete any
and al explorations, surveys, and layouts
for such canals and ways and roads, or
any others that may be built by this com
pany; 10 prospect for and acquire, whether
by purchase or otherwise, any and all in
| formation and facilities in and about the
| same as shall be necessary thereto, and
| fer the establishing and determining upon
the 80 - 49, feasible OF advantageous
| route or routes for any such canals or ways
| and roads. and to locate, select. lay out.