Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-07-29
GENERAL MEETING OF TIE STOCKHOLM
ERS OF THE ATLANTIC & NORTH CARO-
LIMA RAILROAD


LIMA RAILROAD.
The Stockholders met at the EpiScodal Church in
the town of kinston, the 10th day of July,
1857.
On motion of Lewis c. Desmond, Council B.
Wood was called to the chair
On motion of |. Di>soSway, W. H. Oliver and Wal
ter Dunn were appointed Secretaries.
On motion of j. NJ. F. Harrison, a committee was
appointed to ascertain the number of Stockholders
and the amount of stock represented in person and
by proxy This committee consisted Of .Jno NJ. F.
Harrison, j. W. Cox, and l. Dssosway, who pro
cceded to the discharge Of their duties, when,
through their chairman Mr.. Harrison they reported
the amount of stock represented:
In person, 1921 shares.
By proxy, 12,777
There being more than majority Of the stock re-
presented and by more than ten individual stock
holdeas as required by the bylaws, the meeting was
declared duly organized for the transaction of bust
ness.
On motion of Geo. Washington, the officers were
called on to report. Whereupon,
The reports of the President and Treasurer were
read by Mr.. Oliver. BY request of the meeting the
Chief Engineer read his report.
The Report of the Committee OH Finance was also
read by | Dissoway.
Moved by E. Cuthbert, and carried that these re-
ports be accepted.
Mr.. John b. Whtford stated that Mis- Sarah F.
Nets was the only lady who had taken stock in the
A. & N. c. Railroad he therefore moved that she
be allowed free ticket, for e the entire line.
Carried unanimously and by reclamation.
Resolution by George Green, Esq,
Resolred, That the proposition of the State to loan
to this Company four hundred thousand dollars
(S40O,O 00) according to the provision of act Of
the Genera! Assembly of 1867, chapter IS, en-
titled Act to provide for the complexion Of the
Atlantic and North Carolina Rail Road, be accepted
by this Company according to the terms Of said Act
Resolution by Mr.. Stevenson:
Resolred, That the amendment of the Charter of
this Company made by the General Assembly of this
State 1857 by an Act entitled An Act to amend
an Act entitled Act to incorporate the Atlantic
and North Carolina Railroad" be approved and &C
ceptad
Unanimously adopted.
AFTERNOON SESSION.
At o'clock the Stockholders met according to
adjournment, and the meeting called to order
by the chairman.
Moved 10y j. c. Washington and carried, that we
now proceed to the election of Directors for the en-
suing year, and that John ii. PEBBLES and +. Cuth
bert be appointed to supe,intend said election. The
committee proceeded to the discha &c of their duty,
when they announced that John u. Whitford, VIM
7. Moore, George Green and Council Best were
duly elected
On motion of W. g. Wadsworh
Rtsotred, That the Committee on Finance of the
past year be re-appointcd.
Moved and carried that the next Annual Meeting
of the Stockholders be held in Newbern.
Moved by W. B. Wadsworth, and carried, that
800 copies of the proceedings of this meeting together
with the Reports of the officers, be published in
pamphlet foIm and that the Secretaries superintend
is publication.
Z. Woten suggested the proprcty of statement
(Which was concurred in) by the Contractors as to
when the Road would be completed.
The Contractors severaliy answered to their names
and assured the meeting that the whole line would
be so lar completed as to run the train through by
the first day of January next That the Road would
not be completed, there would be unfinished
bridges culverts and a considerable of finishing up
besides the stations, warehouses &C.. &C.. requiring
some time for completion.
Resolution by Mr.. Washington:
Res0lced, That the Annual Meeting of the Stock
holders of this Company be held hereafter on the
last Thursday in June, in each and every year.
Passed.
Resolution by Mr.. Dissosway:
Resolred, That the fiscal year of this Company
shall terminate the first day of June in each and
every year.
Resolution by Mr.. Green:
Resolred, That the thanks of this meeting be- and
hereby rendered to the members of the Episcopal
Church for the use of their building.
Resolution by Mr. Desmond
Resolued That the thanks of the meeting be tend
cred to the Chairman aud Secretaries for the faithful
discharge of their duties.
On motion of c. Wooten, the meeting adjourned
sine die.
G. B. WOOD, Chairman.
W Ill., II; o LIVER Secretaries.