Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1849-11-16
ProceedlInns

Proceedings
/ of the 14th Annadt Meeting of the sto,rbo,z..
Wilmington Raleigh Railroad Compan1 sc,. Tie
W1t'nington, Thursday, 9th No0eanber 1s3So 'e'd IN
/ On motion of Gen ALEX MAcRar. I, u i01s'
AKER, OF the county of Halifax, was called ~ HIT
Chair, and HENRY NuTT and C, w. Rp.n,so the
pointed Secretaries .' .DNADLEY ap.
un NOTION the Secretaries were appointed Con,
to act as proxies and to ascertain the or.aing
Stock represented. "N'0an' Of
The meeting was then adjourned, to meet aea;, ..
3 O'Clock p. NJ. e"n at
| O'CLOCK p M. Nov Q
Met agreeably to adjournment, when the c..
tee appointed for that purpose, reported 1884 shut
of the Capital Stock of the Company were renraaal
ed Whereupon the Chairman declared the meet;.
as duly organized, in conformity with the renmrps
ments of the charter of the Company. The meet;O.
then adjourned to 10 o'clock tomorrow
FRIDAY, 9th Nov
Met according to adjournment. Gov DUDLEY Wa,
called to the Chair, Mr.. WHITAKER having resiunSS
the same. The Governor Of the State who is eT.
ofhcio President of the Board of Internal Imnrovo
ments, and DR.. F. J. HILL, member of said Board
being IN attendance ON the meeting.
Gen ALEX. MAcRAE, on behalf of the President
and Directors of the Company read their annual re-
port, which was received and ordered to be printed
On motion of DR.. F. ]. HILL it was e.
Resolved That much of the annual report Of the Pred
dent and Directors Of this Company relates to the mean,
ton othe this Road be referred to COMMITTEES p
three pe-sons, viz: Col John MaeRae, Mr. Jere Pearsa
thereon to the present meeting as early period NAV be-
practicable and convenient
The following resolution was offered bv Mr. J.
TAYLOR and amended by Gov MANLY:
Resolved That the Annual Committee appointed to
and audit the accounts of the Company and
expenses general alteration tie man
agement the affairs of the Company can be advantageous
ly made.
The Committee appointed to consider so much Of
the report of the President and Directors as relates
to the means of the Company for payment of freight
and duties on the Iron to be received, and report
thereon to this meeting through their Chairman,
Col John MacRae, submitted the following report
and resolution
Your Committee have given the subject referred to
them such consideration the limited time allowed
them would permit and beg leave to report; That if
the bonds OF the Company issued under authority of
the Legislature cannot be negotiated satisfactory
terms, that we recommend that the Stockholders
unite in sustaining the Directors in borrowing the
amount Of money necessary for paying the freight
and duties on the Iron expected from England, and
that the Directors be instructed to retain the balance
Of the bonds as final guarantee against loss
ReSored That the Directors be requested prepare
guarantee and have the same presented to the Sokho
ers for their signatures.
Which report and accompanying resolution was
received by the meeting, and laid on the table for
further action.
On motion of VIM. A. WR1GHr,
ordered That any one of the holders of the capi-
tai stock of this Company, upon the transfer by him
OF one OF the SnareS so nel0 TO the secretary and
treasurer OF this Company and his successors in Of
fce in trust for the and benefit of the Company
may receive certificate, to be signed by the Secre-
tary and Treasurer in the terms following viz -
, Whereas -- has this day transferred to me in
trust, for the and benefit of the Wilmington and
Raleigh Railroad Company one share of the capital
stock of said Company This is to certify that the
said - and his wife, and his children under the
age of twenty-one years and unmarried are permit
ted pass over the whole or any part of the line of
at he of noila
for each person so travelling until the sum duo
for such travel shall amount to one hundred dol
lars This certificate to be void upon the death Of
said -
Ordered, That the blank in said certificate before
, the word "cents,' be filled by the Secretary and
Treasurer follows, viz: when such certificate is
issued to the original holder of the share of stock
transferred by him aforesaid, said blank shall be
filled with the word sac, and when is issued to any
: other stakeholder with the word ten.
Ordered, That it shall be the duty of the Conduc
tors of the Trains Captains of the Steamers, to
whom such certificates may be presented to endorse
thereon the date the places between which the hold
of such certificate may travel, and the amount
cruing for such travel according to the fare prescr-
bed in such certificate, and shall their way bills
u make return, showing the person so travelling and
the endorsement made on his certificate.
= Ordered further, That not more than one of such
u certificates in the Of the same stakeholder,
shall be outstanding at the same time.
/ To which, on motion, the following was added:
Ordered further, That no certificate, aforesaid,
be issued after twelve months from this time.
b The meeting resumed the further consideration of
the report of the Special Committee upon the ways
and means of the Company, when the following
luton adopted substitute for the resolution
6 reported by said Committee
Resred That the Stockholders of this Company will join
letter of Attorney to the Treasurer of this Company
thorzng and empowering him to sign their suretes
to such bonds be made by the Company for the
OF raising sufficient sum to the freight and duties
the iron received be received for the of the
Road the amount for which each Stakeholder shall be liable
$ to be set forth in such letter of Attorney
On motion,
Resolued That Messrs P. K DICKINSON O. c. PARSLEY,
G. GREEN, and A J. DERossET, Jr be appointed Com
mtee wait the Stockholders and obtain their
become sureties such bonds be made the Com
pany for the purpose of raising pay freight and du
ties on Iron.
On motion,
Resolved, That Cs J. McREE JERE. PEARsA11 and JoHx
TAYLOR be appointed Committee to audit the accounts
: port to the Stockholders at their next meeting.
On motion of JAMES GRIswoLD
Resolved That the annual meeting of the Stockholders OF
Company be held in future the Thursday after the
o ond Monday in November.
y The meeting then proceeded to the election of a
: President and six Directors, when Gen. ALEXANDER
e MACRAE unanimously elected President, and T.
. K. DICKINSON, E. B. DUDLEY, o. G.. PARSLEY, G.
; POTTER, w. A. WRIGHT, and JAMES T. MILLER, G-
= rectors.
l. Messrs. JAMES S. BATTLE, E. P. HALL, A. j. De-
RossET, Jr, and JAMES GRIswoLD, were appointed By
the Board of Internal Improvement Directors on the
, part of the State. -
Resolved, That the Secretaries with W. A. WRIGHT be
Committee to prepare the proceedings of this meeting for
r publication.
EB DUDLEY Chairman
N G e. W. w'T BsAD1rr, Secretaries.
,e SUIcIDE-We are informed that David Lilly, Of
= this county, committed suicide by hanging himself
lon lost NJ whatever even