The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1850-03-22
EAST TENNESSEE AND GEORGIA
RAILROAD COMPANY. MEET
ING OF STOCKHOLDERS.

RAILROAD COMPANY.-MLEl-
ING OF STOCKHOLDERS.
Pursuant to a previous notice, published
Tor more than thirty days in the Athens
and Knoxville papers, the Stockholders IN
the East Tennessee and Georgia Railroad
Company assembled at the. Office OF the
Company IN Athens, on Wednesday the
ooh day Of March, 1880, TO vote on ac>
cep,ing OF rejecting the loan Offered by the
State to said Company by an Act OF the
General Assembly OF the State OF Ten"es>
see, passed the 30lh day of January. leoo
On motion Of NJ. b. Prichard, Esq, the
Convention was organized by calling Coll
WIN. uElsKELL to the Chair, and appoint
inoJ.s. C. AlcCARTY and WIN. +. KEITH
Secretaries.
On taking the Chair Col. IIeiskell made
a few happy and appropriate REMARKS eS'
plana,ory Of the objects of the meeting
and urging upon the Stockholders the pro-
priery of accepting the proposed loan.
A. ID. Keyes, Esq Offered the following
resolutions. TO wit:
Whereas. the grazing and masonry are
finished and the limbers prepared for por
,lon of the East Tennessee and Georgia
Railroad, and the work is in such State
Of iorwardness as that 50 miles can be
easily prepared in a short time Tor the su
perstructure; and whereas. it is now ex>
pedient and necessary TO procure the iron
rails and portion OF the equipments Tor
SAID road. at as early day as practicable:
and hereGs. the Stockholders. anxious
for the speedy completion OF the work, and
having but limited available means al pres
emf, are thankful for the action OF the re
cent Legislature of the State, in Offering
the Company a loan to be applied TO the
purchase of iron and equpmtns for the
Road, and are DESTROYS to avail themselves
OF the benefit of said aid Therefore.
Resolved, by the Stockholders OF the
East Tennessee and Georgia Railroad
COMPANY, in convention assembled, a
large majority of the shares being repre-
senled, and voting TO acc'pt-hat we,
said Stockholders. do hereby accept and
agree to and ralliy the trims and conditions
of the Act of Assembly hereinafter mem
toned, and do accept the loan OF .he Bonds
of the Stale for three hundred and fifty
thousand dollars. offered and granted to
said Company by an act Of the General
Assembly OF the State of Tennessee, pass
ed on the 30,h day Of January, 1850, on
the terms. requirements and conditions SCI,
forth in the said act o! the General Assem-
bly, fully asserting and agreeing to all the
terms, conditions and particulars thereof
ReSolred, as evidence Of SAID 'ccep-
lance, and 10 make the same obligatory and
binding, the Chairman and Secrelari's Of
this meeting make out sworn statement
of these proceedings, before some Justice
of the Peace OF McMinn county. and have
the Clerks certificate and the seal OF the
County Court of McMlnn county affixed
thereto; and that said verified statement
be forwarded to his Excelency, the Gov
ernor of the State, and that a true copy
thereof, made out by the Secretaries of this
meeting, be filed in the Office of the Com
panv, and be entered on the minutes of the
Board.
RESOLVED, that the Directors are request
ed to apply for said loan, and that II be
used in inslamens, or for sections, as
needed, and when the same can be judi
ciously expended in the purchase Of iron
and equipments Tor the Road; providing in
the mean time Tor the payment OF the in-
terest on said loan. as il falls due, promptly.
On motion Oft. N. Vandyke, Esq the
ayes and noes were called for on the above
resolutions; and. on motion OF Mr.. Reyes,
Messrs. Jno. l.. Hurst, Il. N. VanGyke. and
D. c. Kenner were appointed ,elers to
take The vote.
The names OF the Stockholders were
called over in alphabetical order. each
Stakeholder voting the number Of shares he
holds in the Company-when il was an
nounced by the tellers that over two thirds
of the entire number of shares Of the
individual Sockhl ders were represented
in this mee'in! and voted upon and thai the
vote was unanimous in favor of the a lop-
ton OF the resolutions.
The c hair then declared the resolutions
unanimously adopted.
Col. WIN. Heiskell offered the following
resolution, which was unanimously adopt
ed:
Resolved, That the vote ust taken
shows that considerably over two thirds u!
the Stock of the individual Stockholders is
represented in this meeting, and that the
vote is unanimous for accepting said loan
on the terms and conditions oil the Act OF
Assembly; and that in the opinion Of the
Stockholders present. there rs reason 10 be
lieve that the Stockholders not present,
would, if present, have voted 10 the ai'ir.
NATIVE.
The Convention then adjourned siac die.
WIN. HElSKELL. Chni'n.
} I'VE e g K Msn,HT'' }secrs'aries.