Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1851-03-05

In pursuance of previous notice, number of the
old Stockholders and other persons, Interested in the
reconstruction of the Raleigh and Castor Ra Road,
assembled at the Court House in the City of Raleigh,
on Tuesday the s5th of February, 1851 when, on
motion of Gen. R. M. Saunders, the Hon. Duncan
Cameron was called to the Chair, and George Little
and w. w. Holden were requested to act as Secre-
taries.
The Chairman explained the object of the Meeting;
after which, on motion of Gen. Saunders, Select
Committee of seven was appointed for the purpose
of considering and reporting what Is proper 10 De
done, in order to secure the charter granted by the
last Legislature for the incorporation OF the Raleigh
and Castor Rail Road Company. The following
gentlemen were appointed as this Commlttee' VIZ
Gen. R. M. Saunders, Charles L. Hinton John S.
Eaton, John D. Hawkins, ST., James Gordon, H. D.
Bird, and R. o. Britton. Esquires.
In order to give the Committee the necessary time
to confer togther ard prepare their report the Meeting
-Four O'CLOCK, P. M.
The meeting re.assembed at four o'clock, when
Gen. Saunders, from the Select Committee OF seven,
submitted the following Report and Resolutions
which were unanimously adopted:
The Select Committee, appointed for the purpose OF
considering what is proper to be done in order to Sc
the incorporation of the Raleigh and Castor Rail
Road Company, report
That in the opinion of the committee the charter
is such render it to the interest Of the old stock
holders in said Road we'll of the oblgors to the
State, and of the highes: importance to the public
that it should be accepted and secured; and that
whist the old stockholders and obligors have the
privilege for ninety days of taking the whole amount
OF the individual capital, many Of them may be
unable to subscribe the full amount Of their liability
so as to make up the sum of four hundred thousand
dollars, it is deemed advisable that Books should be
opened, and all persons feeling inclined should be
invited at subscribe for such amount of stock
as they may be disposed to take. With this view
the committee submit the resolutions herewith repor
ted, which they recommend should be adopted
l. Res0ived, That the charter granted by the last
General Assembly for the incorporation of the Ra-
leigh and CASTOR Rail Road Company for the purpose
of re.cons,uc.ing the said Raleigh and CASTOR Road,
holds such inducements Of advantage to the pub
lie as ought at once to be accepted and the stock
taken.
g. Resolred, That the Commissioners appointed under
said act be requested have Books opened with the
view of having the stock subscribed the earliest
practicable period, and that all persons be invited to
subscribe, so as render the success of the work
certain.
3. Resolred, That so the amount required by
the charter shall have been subscribed, the Comms-
soners give notice for meeting Of the stockholders
at Henderson such day as they shall name, with
the request that the subscribers be punctua in their
attendance in person or by proxy i" order 10 the or
gan-a,ion of the Company, and the adoption OF such
rules and regulations the object and purposes OF
the corporation may require.
All of which is respectfully submitted.
R. Nj. SAUNDERS,
JNO. D. HAWKINS, SR.
JAMES GORDON,
c. L. HINTON,
JNO. 5. EATON,
H. D. BIRD,
RICH'D o. BRITFON.
Gen. Saunders made some remarks in explanation
of the clerical omissions in the charter granted to the
Company by the Legislature. and as to the powers
conferred by said charter; whereuPon the Meeting
adjourned, and was followed by Meeting OF the
General Commissioners named in the act of ncorpo-