Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1853-10-29
PIooeedhies Of the stoelsholders Of the Va. and
Tennessee Rail Road

/ Tennessee Rail Road
I frIHRp pAY.)
! The meeting Of Stockholders was called Ia
der Yesterday morning at 10 O'clock.
The following resolution. offered by Mr. VIM
u. Preston, adopted by legal vote, two
thirds of all the Stockholders voting in the afiir
mative.)
Resoired, That In the opinion Of the stookhol-
ders, the Branch Of this roud 20 the Salt Work
aud Plaster banks in Washington and Smythe
countless aud also a Branch from n point OF the
main stem nj or near ehristiangbuTg 10 the Goal
Fields on Ihons Creek ia Montgomery county,
and not exceeding ten miles in length caeh, ought
90 be built, and TINT tn Board of Directors
instructed by any mems under their control. not
necessary either for TIN completion of the min
stem "a the Tennessee line, or 10 pay the liabil-
tiles of the Company other than the ~ ,O0O000 To
the State and -5DD.OOD to contrHctors,to proceed
10 construct said branches But il the Bonrd of
Dircctora,on proper surveys and examinations Ia
be made, shall find TINT Coal Fields said creek
and the mountain hardly arc not sufficiently ex-
tcnsye aud Of such quality, ~, in their opinion,
TO justify the expenditure then they shall not
construct the Brunch Ia snid Coal Fields. And
if the l}oard of Directors shall decide To build
both of said Branches mud not have funds suifi-
cicnt for that purpose, then they shall construct
that Branch first which, in their opinion viii
conducc most To the general interest Of the Com
pany.
The following resolution, offered as n substi-
tute for the first BY Law, was adopted
Resoiued, Ihat nj each annual meeting of the
Stockholders, or oftener if necessary, they shall
appoint two fit md proper accountants, whose
duty il shall be TO examine quarterly the books,
accounts, state Of the funds, and the vouchers
for all moneys received and disburscd by the
company, from the time of their appointment, up
to the end of the current fiscal year, upon which
examination il shall be the duty of such commit
tee to report in writing 10 the next annual or call
ed meeting, if deemed neccssary-an for such
services, the persons composing said committee
shall receive compensation of five dollars per
day each.
n. &. Manson and Charles w Christian were
appointed to compose said committee.
Mr.. G. II. Lynch offered the following resolu-
ton, which was adopted
Resotred, Tint the committee, appointed under
the preceding resolution, he authorized and re-
qurcd 10 extend their examination over the trans
actions of the last fiscal year preceding this meet
ing.
Mr.. c. L. Mosby offered the following resolu-
tons; which were adopted:
|. Resoiped, That the Stockholders tender to
the President aud Directors their thanks for the
zeal, ability and fidelity with which they have
discharged the duties of lheir Offices, during the
past year.
Z. That the Principal Engineer and Corps of
Engineers and other officers of the Company are
entitled to the thanks of the Stockholders for the
fidelity with which they hive discharged the re-
spectivc trusts conlided 10 them.
Mr.. Samuel Garland offered the following reso-
luton, which wns adopted
Resoired, That committee of five be appoint
ed to examine into and report upon the salaries,
which should be paid To the officers of this compa-
ny, and report at the next annual meeting of the
Stockholders.
The following gentlemen compose the commit
tee: O. &. Clay, ,Jno. NJ. Preston, Jno. NJ. Speed,
VIM. Watts and Maurice Langhornc, ir.
The meeting then proceeded to the election of u
President and two Directors for the ensuing
twelve months, wherenpon John II. Mcdaniel was
unanimously chosen President, and Henry Davis
of Lynchburg and George Stuart of Wythe Di-
tcctors.
On motion of {. L. Moshy
Resolred, That the thanks of this meeting be
rendered Ia the Chairman for the dignifed man
ncr in which he has presided over il during its
deliberations.
On motion,
RcSoircd, Tint the proceedings be published
in the papers Of the city.
And then the Convention adjourned