Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1857-01-29

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---->sOsS-
MEETING OF TIE STOCKHOLDERS OF TIE CHAR
TsEs VALLEY RAILROAD CoxPANY-We find in
lhe Pittsburgh Journal Of yesterday, the follow
ns proceedings Of meeting of the stockhold-
rs of the CHARTERS Valley Railroad, held in that
Pity on Tuesday evening last:
Mr.. M'Aulcy stated that the committee from
Councils, to represent the city, had been iustruc
FL 10 vote for consolidation, first, and secondly,
lOr an increase Of capital stock.
The following resolution, which was under
eOnsiiCration at the last meeting, was taken up:
"Rcsoircd, That, in accordance with the sec
pnd section Of the act Incorporating this compa-
hy, the Stockholders now assembled, do hereby
Increase the capital stock from five hundred
lhonSand dollars to one million dollars; two Aun-
Pred thousand dollars Of such increase may be
s'ned as preferred stock, bearing an interest of
fiSGt per cent per annum, if the Legislature
snail make it lawful so TO do"
General Morehcad thought it was necessary
70 increase the capital stock, whether there was
consolidation
supposed that the road could be finished for five
pNNdrcd thousand dollars
on motion Of Mr.. Errctt, the above resolution
as Iald on the table, so as to give the represent
Au'sS of the city an opportunity of carrying
pu' Their instructions, which were, to vote for
fonSolidation first.
DIR Errett then offered the following resolution:
,h1sotred, That the Board of Directors be
~ a'lorzed TO enter into arrangements with the
Na'letta and Cincinnati and Hcmpicld Railroad
company to consolidate the same into one COM
i,'.y, IN conjunction with the CHARTERS Valley
4 ,ss ~ Company, under the name of the Ohio
aIey Railroad Company, upon the basis OF tue
agreement made between the Presidents of the
ffG Companies, at Wheeling, on the second day
Ianunry, 1857; and that the Directors of this
onrany be authorized to apply to the Legis-
.sIlte OF this State for such action rs may lie:
s''.Se the said agreement"
AVER little discussion, the question was
s".ied fol, and there being division, it was
included ~, to take the vote by stock Nr, Me-
M iuey voted the city stock in the Affirmative
Isr. cooper the county stock in the negative.
.! request, We did not record the vote of the
Private stockholders
TIE resolution was lost
o!niiOn: =
+; &eoised, That the capital stock of tho Char.
!; ''ts alley Railroad Company be, and the same
An hereby Increased from five hundred Thousand
~ .3'AES TO one million of dollars Which was
~'g y unanimously. IA
f hiy following resolution was then offered.
O. -sN''rfd, That the Board of Directors of the
+, "s'"erS Valley Railroad be anthsrized to apply
n. sie Legislature of this State for such amend
.,s Of their charter us shall permit them to is
sroS t.ihcates Of preferred stock, bearing an III
css ssoi eight per cent. to an amount not eX'
W ing two hundred thousand dollars Which
/, alSo adopted unanimously. s
y was now moved that the vote on the reso-
WL;pl, relating to consolidation be RECONSTRUCTED
inch "a was carried. =
CoD wn ge question on the original resolution, fol
Council the Committee appointed by
isyinSap e 70 represent the city declined voting
VA. is fulfilled their instructions. The rcsoln
jio,s s.JNeVer carried. The meeting then ad