NP, MA 4/16A/1861

From the Memphis Avalanche
 
April 16, 1861
 
   At a meeting of the stockholders of the Southern Pacific Railroad Company, held in the city of Memphis on the 21st of March, 1861, the following resolution was adopted:
   Resolved, That each stockholder of the Company is advised to subscribe for and purchase one share of the unsold capital of the Company for each five now held by such stockholders, at the price of five dollars per share, and pay one-fifth the purchase money in cash, and the remainder in two, four and six months from this date; and that R. V. Richardson, Agent, appointed by the stockholders at Louisville, Ky., receive such subscriptions on behalf of the Company.
R. V. Richardson
Chairman
 
   In pursuance of the above resolution, I shall be at the office of Dr. J. Fowlkes, on Jefferson street, or stockholders can call at I. B. Kirkland's Banking House and pay as per the above resolution. Necessity has dictated the policy of protecting all who pay, and cutting off all who fail, refuse or neglect to bear his due portion of what is essential to a common interest. The policy is strictly just, and will be certainly enforced. All who pay must do so promptly.
R. V. Richardson, Agent

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