The weekly Lancaster gazette. (Lancaster, Ohio) 1852-1855, 1852-09-30
GAINESVILLE and IIaysviIIe Turn
pike Road.

Pursuant TO public notice, large number |
of the creditors of the Zanesville & Mays
vile Road Company convened at the City
Hall, in Lancaster, on Monday, September
20, 1862,
4. On motion of II. H. Hunter, Esq, Gen.
! GEO. SAEDERsoE was called to the chair,
and J. c. WEAVER appointed Secretary.
Mr.. Hunter then stated and explained the
objects for which the meeting was called;
that twas for the purpose of consulting up
on the propriety of bidding the Road ut the
sale to be held at Chillcothe on the 10th of
October, andfor the appointment of suitable
committees or agents, clothed with power to
carry out the objects of the articles of associ-
alton, adopted by the creditors at their meet
ing held October II, 1851.
Mr.. Stanbery being called upon, stated that
all things now look favorable towards the con-
r summation Of the sale of the road, and that
, so far as creditors, claiming priorities, were
concerned, he now had confidence and felt
satisfied that they will come into the ar
engagements as equal creditors; and by reason
of the late action of the District Court, held
e in Muskingum county, those persons, who
: have thought they had priorities, will find
Il that their own interests require them to
I make some arrangements with the general
) creditors, that will be acceptable.
d Mr.. Stanbery then submitted the following
|. resolution, which was adopted:
N ReSOlued, That a committee of five be ap'
II pointed by the Chair, whose duty it shall be
IF to report to this meeting, at 8 o'clock, p. M.
10 resolutions for the action of the meeting, fo
n the purpose Of consummating the sale of thu
O. road.
n. The Chair appointed Messrs. Stanbery
D. Woods, Ballard, Crossen and McGinnis, t.
''r, compose the said committee.
n. On motion, the meeting took a recess un
w til o'clock, p. NJ.
O'CLOCK, p. M.-The meeting havin;
re-assembled, Mr.. Stanbery, from the com
O. mittee, submitted the following resolutions
no ReSolued, That Otis Ballard Charles A
,t Woodbridge and John d. Martin be consti
te tuted agents for those who have signed tn
al articles of association, with authority to thcI
he or either of them, for and in behalf of tn
- association, to attend the offering Of tn
road, or the 9th day of October, and to bi
&C. for the said road the amount to be then an
for there declared by the Receiver to be tn
in sum necessary to pay the ascertained debt
itc and the probable expenses; provided the tc
on tai amount does not exceed the aggregate {
re- principal and interest Of the debts now file
,te with the Receiver, under the proceeding
= had for the sale of said road, and the cxpens
es. .-
Resolued, That Henry Stanbcry, SoIomo
re- Sturges and II. Fl. Hunter be a committed
M whose duty it shall be TO attend at the teri
"a of the Court of Common Pleas, of Muskin9
ile um county, at which said sale shall be re
ri turned, and in case no further claims are file
he than those already filed, under the proceed
lr ings had for the sale then to urge confrmo
m tion Of said sale; and ifother claims flee
nc and the persons owning such other claims
IL shall elect to join the association, ther
To- also, to have the sale confrmed bu
if other claims are filed, and the person
owning them do not agree to join this assoc
ott alton, that then the committee do urge tn
* continuance Of the confirmation until tn
NO ensuing term, or if that cannot be obtainct
me that they direct the agent to clect to Withdraw
said bid in order to another offering of sal
~. road; unless, in tho discretion of said con
mittee, the amount of the additional claims
brought in and not subscribed to the assoc
ation, shul not be too great to be assume
I by the association, in which event the CON
ire mittee may consent to the conlirmation \
so, the last named committee is hereby au
thorizcd, in behalf of the association, to rcI
resent its interests in regard to the matte
. ul the confirmation OF sale, and the arrange
,es ments with claimants, who may not sui
nee scribe to the articles of associaton,until I'll
confirmation of sale of said road shall
my had by the court.
vs ;s' The resolutions being considered and di
Gus cussed were, on motion, adopted, and Il
committees therein provided for appointed f
the chair.
red red Mr.. Hunter offered the following resol
OK ton, which was adopted;
ung Resolved, That bond be prepared, an
O9( signed by members of the association, to 81
'oN' cure the payment Of the amount bid by Il
y G, agent, according to the provisions of the ~
was for the sale of the road
ny The meeting then adjourned.
rr GEO. SANDERsoN, Pres
J. C. WEAVER, Sec.