Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1856-11-21
FrOoeeuHhgN OF the StOckhOIuaEs OF tnB WffMkRnN
ton B Weldon n. r.. Co.

Proceedings STOCKHOLDERS w -
ton & Weldon II. r.. Co.
Pursuant 10 the published notices and the previous
resolutions the Stockholders of the Wilmington and
Weldon Railroad Company convened at the Court
NJ, on Thursday, the 18th day OF November, 1856,
to hold the regular annual meeting.
The meeting was called to order by the appoint.
ment of Col Owen R. KenaH, of Duplin county, as
Chairman and Messrs. John Wright, of Wayne coun.
ty and John C. MacRae, as Secretaries:
The Secretaries, with Mr.. VIM. A. Wright, were
appointed Committee to examine proxies, and
certain the number of shares of the capital stock Of
the Company represented
| The Committee reported that SOIL shares, viz
67O shares in person, md 4,34l shares by proxy,
were represented, whereupon the meeting de-
clared to be duly organic, d.
The President of the Company, w. S. Ashe Esq,
then submitted to the meeting the report of the Pres
dent and Directors together with the accompany ing
reports of the Treasurer and Superintendent.
On motion of Henry Mutt Esq,
Resolved. That the report of the President and Dr.
rectors be received and laid upon the table.
On motion of p K. Dickinson Esq,
Resolped That the meeting adj ourn till half-past
two, P NJ.
AT half past two o'clock, P. M, the meeting was
again called to order.
On motion of John A. Taylor, ESQ.,, the Presidents
report was taken from the table, and the following
resolution, offered by MIR. Taylor, Was adopted, viz
That much of the report OF the President and Di
rectors, refers to q branch Road TO Fayetteville
be erred 10 committee consisting of Messrs. o.
6. Parsley, K. H. Lewis and ]. j.. Hathaway
On motion of Donald MacRae, ESD,
ReSoiued, That in future, the President and Direc
tors afhx to their annual reports, list of the officers
and agents of the Company, with their respective
salaries.
DR.. F. J Hill offered the following sesolution viz
That the meeting in pursuance CT the requirements
of the charter proceed to regulate the salaries of the
officers of the Company was, after debate
rejected
The Committee to whom referred that portion
of the Presidents report relating to branch Road
submitted the following report, which, upon motion
was adopted
To the Stockholders of the JVH 4 VEL Rail Road Go
GENTLEMEN Your Committee 10 whom was r..
ferred that portion of the report of the President E.
, lative to the expedency of obtaining connexon by
Rail Road, with Fayetteville, submit that the adyan
lages to a Rail Road of increasing the amount O
freight and number Of passengers by any mean:
commensurate with the benefits thus to be obtained
is truism and requires argument
That connection with an interior town, posses
sing the advantageous Location for trade and business
of Fayetteville, would insure immense benefits, no
only to our Road, but also to the town of Whining
ton and the people of that portion of State con
a neced with the former pace. is beyond doubt o.
, question.
Your Committee would therefore recommend, tina
the President and Directors of this Company, b.
authorized and requested TO take such action as ma,
lie necessary at the ensuing session Of the General AS
sembly of our State, TO enable this Company to &C
n compsh this object and to cause 10 be made pre-
limnary survey Ct route and estimate of the cost
building road from some point of connexion will
the present and report to the next annual meet
n ing, or q called meeting if they deem the latte
a course expeiIent.