The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1854-06-02
Charlotte and TayIOrsviGle Plank Road
COMPANY.


The REGULAR annual meeting OF the Stockholders
in this Company was holden in Charlotte on Friday
the 26lh OF May, 1871.
The meeting was organized by calling Mr..
Joseph w Stockton to the Chair and requesting
Mr.. ". Il. Grant and V. e. Blrringer to act as
Secretaries.
On motion, the Chairman appointed Commit
tee of three. 10 wit, Mr.. Wilson, Mr.. Brawiey and
Dr.. Ncsbi, to ascertain and report the amount OF
stock represented in person and by proxy at this
Convention.
The Committee, examination, reported that
800 shares, being a majority OF the whole capital
stock of the Company, were represented III this
G. u,ion, of which number I3l shares were
re- cu'cd by proxy and lS0 shares ia person.
Wh=rcupon the report oil the Cummirlce was
adopted and the Convention proceeded /" business.
William johnston, Esq, III his several caPacIiy
OF PrcSi"n; and Treasurer of the Company, sub
united reports, setting forth the progress OF The
work and lis financial condition; EhIch, on mo-
ton. we're referred 10 Il Committee to Wit, f.. Z.
Jones, ESD Gen John 4. Young, and Dr. Nesbir,
To report sucn matters may seem 10 require the
action Of THIS Convention.
Mr.. John Irwin, on the part of a Committee
appointed by the Board OF Directors To audit the
Trcasurcr's accounts made report, which was
adapted by the Convention.
On motion the Convention adjourned TO meet
al the hour Of ? p. VI.
AFTERNOON SESSION.
Mr.. f. p. Jones submitted the following reports,
10 wit: The Committee whom has been
ferred the aunurl reports oil the President and
Treasurer % the Charlotte and Tdyorsville Plank
Road Company, with instructions 10 propose such
matters thereon as may seem To require The action
of thus Convention, beg leave to report. that they
have considered the several matters contained in
said reports and are grarird TO be able 10 state
that the affairs of the Company have been salts
iacIOrIy conducted during 'hc past year; and, as
the result of their deliberations, your Committee
do respectfully submit the following resolutions
10 wit:
l. Lcso1rca. That The President and other off.
GERS OF the Charlotte and Tny!orsyilie Plank Road
Company "r'i.'. cknOwiodg menrs and
cummenda;iau O.. ,..r elders for the efficient
and faithful manner IN hci they have discharged
their respective duties.
, RcSoiccd, Tint when the steam mills Nos
aud shall b" longer needed al their present
cites, the President ana Directors authorized
to make such disposition thereof as, in their judg
menr, will best contribute 10 the advance and COM
plelion of the road to the town of Stpesvlle.
3. RCS0rcR, That the Sarah Alexander tract Of
land be sold at such time and on such terms
the President and Directors may deem advisable,
and that the proceeds OF the sale be appropriated
to the payment of the debt increased by The Com
panv in The purchase of said land
/. RcSn'rcd, That the proceeds Of the Road
tolls and fines, be devoted to lis further extension.
> RcSq',cl That the President and Directors
be instructed 20 reopen Books and to cause addl-
uonal SubScrptinn To the capital stock of the cum
pany, TO be solicited at such points they may
deem eNpCdIeni for the PurpuS" OF prov ldng the
meau~ necessary to the active prosecution and final
completion of the Road.
IL The question beng taken Oh the adoption of the
foregoing report and resolutions, they were uEani
mousIy adopted.
MI r"ih' br. Nt"ht ana UT. "S"n were
on h'"'h "PPIih" u N"tn"i'''e ~ "o'Ll'"'e
Di'ec'o'S o' me COMPANY 'oL I"e c'S"''S He"i
"m''Tui"n '"'E I'Po''u NV my I''" :"
S Tcnlcrso, Sari,lTS p + sio,nn,on RnLer,
y IVLi,o w - ,ra, - y n,,;J- 49, Ill.,,
" ~ '",, Wv ~, A. ' ': WI"
- " 'r':,
@mouSlv ratified ny the (,nnvan,inn
o., yr,, ,l ,to ru,,,.;.,.. r.,,;,.,
"hch was auoP''d' 70 VII:
h,$nrS", nat the lIrsGc"t and Directors De