The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1853-10-07


| road Company.
We rvbiished day or Two since, the names
OF the Gentlemen elected on Monday last,
Directors Of this Co., for the snsuing year.
The Board, in consequence Of the indisposi-
ton Of the President, met for organization at
his Office in Princetons Oh Tuesday last
The election for officers of the Company re-
suited (as heretofore stately a. follows:
/ For President-HON. SAML HALL.
Secretsry-JOHN e. MARTIN.
Chief Cngineer-W. J. BALL.
The Board passed unanimously the follow.
ing resolutions, viz:
Rssolpsd, That the Evansville and Crsw.
fordsvilIe Railroad be separated into three
divisions:-The first division to extend from
Evansv lille to vincennesS the second from
Vincennes to Terre Haute, and the third from
Terre Haute to Crawfordsvilles or as far
north as the road shall be, from time 10 time
put under construction; that the several d.
visions shall be kept separate and dislinct'
and, for the purposes Of construction, shall
be severally independent. and subject to the
immediate control Of their several SuPerin.
tendants. That until the I'd division shall
be SO far completed as to admit Of the pass
age Of cars over the same for the Transports.
ton of passengers and freight, oil income
from the business OF the Is division shall DO
applicable exclusively for the benefit Of the
same, including the payment Of the debts or
of interest accruing on the debts contracted
for its construction. But so soon as the sec.
ond division shall be completed as aforesaid,
the same shall be united with the lst division
for all purposes. and thus they shall come I'M
der the general direction and management of
the President and Directors of the Company
and the whole business of the two shall be
carried to one account.
! In the same manner shall the third division
be held separate and independent until the
same shall be finished northward as far as
Rockville. The monies subscribed and paid
or otherwise procured Tor its construction, Is
we'll as also for the construction Of the second
division, shall not be diverted from its proper
application on the proper division, but when
completed as far as Rockville, shall become
united with the road south from Terre Haute,
and then the whole, from Evansville to Rock.
vile, shall come under one general jurisdic-
ton and management, and be kept altogether
under one account. But the portion of the
Sd division north of Rockville, shall continue
under the same superntendance, and shall
be prosecuted to completion upon the same
independent principle, and when flushed in
the same manner as specified for the second
division shall be united with all south of
Rockville in the same manner % the other
portions were united; all coming under one
account and one CONTROL
But the Chief Engineer Of the Company
shall have the same charge over all the divi-
sions, and no contract for the construction OF
the Road or buildings, or for purchase OF En-.
gines or Machinery, shall be made on either
division which shall not meet the approval OF
the President of this Board or the Chief En-
gineer of the Company.
That until the second division ehall
be completed, the same shall be under the
superintendance of a single person appointed
by the Board, and subject to be removed BY
the Board at any time, and who shall havo
such compensation as the Board shall settle
who, with respect to the same while his au-
thorty subsists, shall have all the powers of
general direction within his division that the
President Of the Company now has upon the
Road-including the power to appoint all
necessary sub-agents and receivers. to receive
subscriptions Of stock, negotiate and settle
for right Of way and take releases for right
Of way, and other necessary grounds upon
reasonable consideration; and also to take
charge Of the financial interests of his division.
In the same manner shall the third divi.
sion be under the superinte ndance of a single
person, until completed to Rockville, and af.
forwards as to the part not completed, until
its completion. with similar powers to those
conferred on the person in superinte ndancc
of the second division.
Resolved, Tha: the Superintendants ap.
pointed pursuant to the foregoing Resolution
shall severally give Bond to the Company in
such penalty as may be fixed BY this Board
and with security to be approved by the
President of the Board, for the honest dis
charge of their duties, and that they viii
faithfully account for aud pay over all monie'
which shall come to their hands as such Su.
Perintendants.
Resolssd, That said Superintendants shall