Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1851-02-21

W A MULDROW
Which was read and laid on the table for the pres
emit
Gen Wheeler called up the adoption of the report
of the Special Committee upon the interest account
of the TreasurerS report, and moved its adoption.
Concurred in.
On motion of Mr.. Moses
Resored That all meetings of this Company, person
shall be allowed proxy except he be Stock
holder in his right in the Company and that proxies
shall be recognized valid unless they be in writing
Agreed to-
On motion of Gen Harlee,
RpSoed That Committee of three be appointed to draft
Bylaws for the Company.
COncurred in.
The Chair appointed Gen. Harlee J. Eli Gregg
and A. Taylor, the committee under the resolution
The Chairman from the Committee to whom
referred the report of the President, Engineer and
Treasurer, reported through A. L. Moses, follows
The Committee to whom referred the Annual Report
and Manchester Railroad Company have had the subjects
embraced the under consideration and beg leave to
Your Committee take pleasure their
approval the udcous pursued by the President in
South Carolina the Stock of the Company well as the
contracts made with the Agent of Crutwe, Allies Co.,
Iron the Western end of the Road should
doing justice feelings to notice the asslu
ty zeal with which all the officers have discharged their
duties.
2ndy We recommend respectfully the first of April next
be the latest period allowed subscribers Stock to make
their election whether the payment for the be made in
work in and that after due notice given in wr
ting each and every subscriber fails call up
the Engineer and make such election and enter into such
contract shall presumed his election pay
in money, and be dealt with delinquent subscriber.
3rdy. With view of havngthe Western end of the Roat
Ito the forty mile Gon in readiness for the Iron daily ex
such funds be under the control Of the Board be
for that purpose.
4thy OF the greatest Importance in estimation is the
of the Bridge the Great Pee Dee River
and earnestly recommend the construction of the
the earliest period that the of the Company will usti
fly the contract for the accomplishment of the work
5thy Fully impressed with the Importance of the speedy
completion the whole Road your Committee after much
deberaton and thorough discussion of the subject unanl
majority be obtained authorizing the ac the issuing
of the bonds of the Company payable ten twenty years
dolars) necessary to accomplish the work.
All of which is respectfully submitted
Moved by D. B. McLaurn that the report by laiC
on the table-reiected.
Moved by Gen E. B. Wheeler. that the report o
the committee be adopted which, on motion Of Jess
Keith amended as to be taken up by sections
which was unanimously adopted
MIR. Mc[auren moved the following amendmen
to the 5th seeton--provded that the President ant
Directors of the company shall first be authorizes
and required to offer equally advantageous terms tt
such persons as may be willing to take stocl
and to pay up the cash in full for the same; provi
ded also, this arrangement shall not be the mean
of retarding the progress OF the Road
Mr.. Mullins moved the following amendment t.
the above amendment
Resolved That there ourned meeting of the Stock
holders of the company to convene at
ReSOird That all stock subscribed between this tim
and meeting Stockholders this Company
pay cash the of per cent per
until the completion of the Road The vote being Gale
the amendments rejected
The vote being put upon the original question, at
ter much debate was agreed to.
Mr.. Mullins moved the following Resolution
RCSoUd That there be meeting of the STOCK
holders of this Company to be convened at Marion u "
Wednesday after the second Monday in March
Resolred That the President and Directors be nstructe
subscriptions of the Stakeholder at par value
for cash paid in advance pledgng the faith of the compan
the Of six cent interest annually till tn
completion Road reservng the right to mortgage tn
Road for the payment such of Bonds they
hereafter think proper to issue
Agreed to-
Mr. McLaurin moved that committee be appoint
ed to nominate officers for the ensuing year. Cor
Cured in.
The Chairman appointed the following gentleme
as members of the Committee: McLaurn and May
of Sumter: Keith and Byrd of Darlington; Dckir
son and Potter of Wilmington Powell and Smith {
Columbus: Mcdonald and Gichrist of Marion.
Mr.. Keith being called to the Chair, it was move
bv F. J. Hill
That the salary the President of the Wilmington
Manchester Railroad Company be fixed 900 per
Int consideration of the arduous duties of that officer dt
rne the construction of the Road additional
ton of 81 900 be paid him. provided the whole OF his time
devoted to the Of the Company as large porto
thereof the Directors may suppose such interest requires
Conquered in.