The Stourbridge Observer, Cradley Heath, Halesowen & District Chronicle.
Stourbridge, West Midlands, England, 1868-08-08 00:00:00

STOURI3RIDGE RAILWAY.

An m:tmor.flt,ftry 17.11.,11 mooting .4 lb, dirce.t,rannti
sharoliold,... of the above railway AV:. 1,41 on Monday
I:14. at M.. 4, a. If 11rW:11,1, SNYitherd. all I Ilamara's
tTho A. W. A k,lya, 1.:0 I . the ebair. There.
were llan I'. Ado ek. I:• •C. E. Finind.-11,E•11,
EvPm, ?q., T. if,,01, licel, and John Hanvatel,

1411,1 r. Adeorh) rraft thr r,-)nyettina
tltt. ..tit 01;.,11 Ar.th.l th,,t the meeting

••t. s:1, lion 140 enntion aud issue of rq..t.sh.s au-
thor:.,..l to P.O treated nnd isan..d nneer the power. and
pr of got Stoorloridge Railway (Farther IN,woral
Art, 1863, and lime It I;lmsy Companies Art, 1867 , and to
determine the aniowit of sock shares and the nppropria-
lion and di.pos d thereof."

,
The Chairman said the notice so folly explained the
nature rf the business to be trar sactil that it r'quired
an esplanaticn from Itini, and he need not trouble him-
s-lf to make a spe-eh nu the subj,at. It appeared tint
all they had to ii. was to pass one or two resolutions. if
the meeting thought proper to endorse the proposal of
the directors to cniee the additional capital for the w-
oos, of that line. They, the directors, prop,sed hi
create new ordinary, not preference share s, to the
amount of 1:1::,00:), which would be of the same value
as the original shares, and it Wan also propo,ed to allot
them at Lilt per Aare. which wouLl raise the rennired
capital bv iii is,ne of 1.300 char-s. It was not proposed
to rill up the whole of the money, nor to issne Oa whole
.f the char .s, as the atnoant stated might not he wanted
fir immediate use, lint it wool be as well, he thought, to
give the directors power to issue the whale of the shares
if thoy thooght proper, or If they thought it heeesssary.
Fiat the shareholders might rely mom it that the directors
would act call up more capital titan Wan necessary, or
ask for, or use more money than Wril abodately ueeded
—(ltear. hear).

,
' Mr F. Lbws : I thin`, I rannot rote on the rest,lation
Omni to be proposed. I a.n only a stuveholder in the
.•SLoa LuJ Estresion,- and not the bolder of original
I share,

Mr. Adcock : Oh, yes, cart sinly ; you can rote. Yon
are a shareholder in the •• :ittairbridge Railway." There
is n I such company as thy Stourbridge Railway Eaten-
Won Compunr." it i all one.
The Chair Man then read the following resolution .
•• That this meeting do sanction the creation and issue
of new ordin.try shares in addition to the capital which
the company is authorised to raise by • The Stnuchridge
Railway Act, lfitith the • ttionrbritlge Railway Extansinn
Act, 1501.' the ' Stourbridge Railway Wapi 'al" A at.
awl the Stocrliridge Railway Act, ltitls,' any sinus of
money not exceeding the ftillowing, that into say, in aug-
mentation of the original capital refill el to in the
• Stoluhridge Railway (Further Powers`, Act. lfitlih' the
"run of 1:111.F.00. am: in anrnentation ef the extension
capital, referred to in the sail last-mentioned Art, the
cam of £OO,OOO. That the said additional capital now
anthrwised to be raiaesl. be divided into :1 :TM ordinary
alierea of £lO each. That the directors to, and they
are licreltyanthorised, at sach times and in tsneli wanner
as they in their discretion sltal think fit, and, for the
benefit of the company, to allot and dispose of all or
any part of the said sharer hereby authorised to be in.
sued at such discount per share tto such person or per.
tone as shall be willing to accept the same), and as the
directors shall think fir."
_ _

Mr. E. Swindell seconded the motion.
Mr Wood enquired whether it was a general or special
meeting as the company present was very small. He
did not see any one present bat directors, with the ex-
ception of himself.
Mr. Evers : I am not n director; I am only a share.
holder.

The Chairman: It is a legally•constituted meeting. I
happen to represent four persona.
Mr. Wood Shia the only attempt yon have made
to raise this new espital 5, Have you not had other
meetings for the RR rue purpose:'
Mr. Adcock: This is the only attempt we have made,
and the only nutting we have had for the purpose of au-
thorising the creation of new shares and the raising ol
extra capital. We hay., bail ao meeting previous on this
business.

Mr. Wood wished to know what the directors were
doing in respect of the new stations at Cradley and The
Lye.?

'The Chairman : You can ride your .) hobbies ' now as
much as you like, but ride them sad tilt against the
Great Western Company—daughter). 'fiat company
has now to sue to that. The contract between this com-
pany and the Great Western, which has been in hand
since January last, is now complete, and signed and
sealed and in the hands of both parties--(hear, hear,.
The resolution as above was then pat to the meeting,
and carried unanimously.
The meeting then separated.