North Carolina standard. [volume] (Raleigh, N.C.) 1850-1852, 1851-03-01
Raleigh and CASTOR Rail Ro.,


IN pursuance of previous notice, number of the
oo stockholders and other persons. interested in the
reconstruction of the Raleigh and CASTOR Rail Road
assembled 1.-THE COURTHOUSE in the City of RALEIGH
on uesday the 25th 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
dHeF which, on motion of Gen. Saunders, Select
Committee of seven was appointed for the purpose
OF considering and reporting what is proper to be
done, in order to the charter granted by the
last Legislature for the incorporation of the Raleigh
and Castor Rail Road Company. The following
gentlemen were appointed this Committee, viz
Zen. Il. M. Saunders, Charles L. Hinton, John S.
Eaton' John u. Hawkins ST., James Gordon, H. D.
Bird, and r. o. Britton. Esquires.
IN oroer 10 give the Committee the necessary time
to confer togher and prepare their report the Meeting
adjourned till o'clock, P. M.
Four O'CLOCK, P. M.
The meeting re-assembled at four O'clock when
Zen. Saunders, from the Select Committee of seven
submitted the following Report and Resolutions,
which were unanimously adopted:
Inc Select COMMITTEE, appointed for the purpose of
considering what is proper TO be done in order to Sc
cure the charter granted by the last Legislature for
the incorporation of the Raleigh and CASTOR Rail
Road Company, report
That in the opinion of the committee the charter
is such to render TO the interest of the old stock
holders in said Roada well of the oblgors to the
ohotOs vi HiSn6Ss importance to the public.
that it should be accepted and secured and that
whilst the old stockholders and obligors have the
privilege for ninety days Of taking the whole amount
OF the individual capital, many of them NAV be
unable to subscribe the full of their liability
so as to make up the of four hundred thousand
dollars it is deemed advisable that Books should be
opened, and all persons feeling inclined should be
Invited at once to subscribe for such 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. hesOtUed, 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 demonstrating the said Raleigh and CASTOR Road
holds out such inducements of advantage to the pub
lie as ought at once to be accepted and the stock
taken.
said be requested to have Books opened with the
view of having the stock subscribed at the earliest
practicable period, and that all persons be invited
subscribe, so as to render the of the work
certain.
g. Resolved That soon as the amount required by
the charter shall have been subscribed the Commits
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 in order the
ganiAaton of the Company and the adoption of such
rules land 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. s. EATON,
H. d. BIRD,
RICH'D o. BRITTON.
Gen. Saunders made some remarks in explanation
of the clerical omissions in the charter granted the
Company by the Legislature, and as to the powers
conferred by said charter; whereupon the Meeting
adjourned. and followed by a Meeting of the
General Commissioners named in the of incorpo-
ration.