The independent press. (Abbeville C.H., S.C.) 1853-1860, 1858-05-07
proceedings OF the Meeting of the Stock.
holdera Of the Greenvil:o and Columbia
Railroad Company.
COLUMBIA, April 90 1885


The President called upon III" Stockholders
10 report the numhcr of shares Of stock re,r..
sented br them individually and by proxy
The Chair appointed Messrs. 4. c. iInw
thorne. j. Is. Sloan. A. o. Norris. C. l.. Gail
iaru' ana Samuel Donnald conmittv. to ver-
ify proxies.
The stockhold. rs having reported tho amount
ofstock represented by them, the comnttee
retired t1 make up their report
buFihG their absence, on motion. the Pre.i.
oehC read the reports of the President and hi.
rectors and the General Superintendent which
togetifer with the annual tables Of the Audi
tor aud Treasurer, were submitted 10 the Goa.
year.
lhe'Comn:tee on Proxie, reported in part
mat they had proceeded far enough to ascer
tam mat 20. 600 shares wore represented. and
that 2l,+7I shares was majority Of thc whole
stock exclusive of the State stock
The President then announced that as a
quorum was present, tho Convention was or.
gained and ready to proceed to business
On motion Of Jas. D. TradcwrlI. the report
OF the President and Directors aud General
Superintendent. with the tables Of IN. Auditor
ana Treasurer, were received and ordered to
be entered on the MINUTES nf III. meeting ns
Information. in accordance with til. res, s,u,iou
passed at the last meeting Of the s,ockhnldrrs
James d. TradeweA offered the following Re.
s,lu: oa:
feso'rcd TIA. tho Board of Director. Of the
Greenvills and Columbia Railroad Company
he authorized to issue the h"nds of the said
company To the amount of two hundred and
hfy Thousand d"llors. if Sd much hc necessary
Tor the purpose of carrying on such imI,rnva-
ments in the way of permanent construction
rs IN Inc Judgment of said Board mnv he re-.
CURED aud exre'lient aud that said hon.ls be
redefmahlc and payable in three Years from
the date thereof. and shall bear AN interest IA,
tne rate at seven per Se:it. per annuun, pavn.
bic semi annually.
On motion of Mr. A. C. Ciarlinr.or, the con.
s'.i"rnt;on Of the resolution Was postponed un.
:! o'clock y. III.
Resolutions were offered ly Mathew Hall in
regard tn reduction of salaries of til. officers
ana employees ni tie r"nd, from tho rrrsi.
ueht a"wn 70 the ovcrseer or carpenter" Hnl
the time and manner Of payment, Of all debts
due hr the road. for wages. timber or wool
laid upon the tahl.
On motion Of Wn. Smith, the following res.
olui"n wus aiaptt.l:
fcSosrrA That the Directors Of this company
furnish to the stockholders ut the annual n.ei.
1ngs, list OF the names. salaries an orcupa
"on OF all the Officers, agents and ovcrse.rs Elm
Ptoyed III the Service of the company
A. [. Haw'hnrne. Chairman Committee on
i'Tnxies. made the following r.,mrt:
Inc committee appointed to verify prox es
rcs!rciiuiiy report. that We find represented
Wy individuals II, ,lG5 shares entitled to l6i2
votes by proxy 1924 shares. entitled to =
2i2 votes. Shnres % ,3l?: votes. 3,SS3 All
OF which Is respectfully V sui,ni ittrd
a. &. HAWTHORNE. Chairman
" hich. Oh mot ion Of Judge Wii,ncr, was re.
ocived as information AMI lai.l on the table,
j. +. Reed presented TO the convention, the
annual report Of the Georgia Air Line read
and Alabama and Florida road. 10 he laid on
the table as Intnrnti"n. aud offered the follow.
Ing prea:nablc and resolutions:
whereas, The gratifying success that ha-
attended the efforts Of the "(iuorgia Air Lin.
Railroad Company" since our last annual meet,
ing. to rinse the means necessary to construct
their road, not only affords reasonable a.su.
rance OF their ability aud determination to car.
ry out the enterprise in which they nre cnva.
Ecd, but renders it desirable that this company
shall indicate explicitly the amount ani kind
OF a:d It, proposes 10 Render said crt.rrise
BE It therefore Rcxoired That to GciIitute
the construction Of the ..Gcorpia Air Lin.
Railroad, from Atlnnta to Anderson. this com.
Pany VIII guarantee tho bond. Of said Air
Limo Nairoad Company to the amount Of three
handrci collars. as iJ.;ows, to wit : ono hun.
dred thousand dollars. 50 soon as the emil com.
p"ny shall have graded and put in condition
to receive the iron, Il section oftwenty miles of
the road, commencing ut the line of the Star.
Of Souu, Carolina opposte Anderson. and .r.
tending in the direction Of Atlanta: one hun
drcd thousand dollars SO soon an additional src
tion of twenty miles OF said road is graded and
made ready for the iron and one hundred
thousand d"lars whenever a third section of
e"en1y miles la' III lie manner mnde ready tn
receive the iron rails. The said guarantee to
be made upon the express conditions: FIRST,
that the bonds SO guaranteed shall he used for
no other purpose than to procure the iron rails.
chairs aud spikes for said section Of rond and
70 lay down the same /: and. second that the
eail Georgia Air Line Railroad Conupany"
shall give to this company the security Usual.
~ given in such cases. to indemnify agaius,
the possibility of loss on account of eaid guar
snseees ProrideG. That the sail company
shail. within five years, put itself into con,
dition TO receive the guarantee above aifnrie,i
fesotrtd, That this company will transport
he iron and other materials necessary to he
nsed in constructing the Air Line Ruilrond in
South Carolina from Anderson and y section
OF fifty miles Of the "Gaprgia Air Line Rail
road. from the line of the State of south Car.
DINA, i'll the direction of Atlanta, and will re.
ceive pay for ih. same in the stock Of said com
panies respectively.
fesotred That The President and Directors
OF this company for the time being. he AMI they
are hereby charged with carrying ont tn. f,rr
going res .lutl"ns, when. in their judgement.
the guarantee maybe made rs concentrated
ny the foregoing resolutions; without hazard 10
this comrany Ga
On motion of john Smith, the preamble and
resolutions were referred to the COMMITTEES To-
he appointed by the Chair. to consider and
report upon.
The Chair appointed Messrs J. P. Reed. John
Smith. J. D. Tradrwvl. Sin"ou Fair aud Dr,
J. j. Wardlaw. as the committee.
Daniel Brown moved that committee La
appointed I" nominate suitable persons for Pre-.
sldent and Directors Of tb.' company for til. EN-
. suing year. which was adopted.
John Smith moved that the Chair appoint
the committee which notion having been n.
d"pted by the Convention, the Chair appoint.
v ed Messrs Daniel Brown. H. T. Penkr. 4. C.
darlington. B. IIagooJ, J. ID. Trndewcll. l.. j.
Jones. J. ". Coleman. John Drummond, and
Robert Bryce. on the eoinrnitic.
Dir. Vardry McIsee addressed the Converr.
non on'th- general interests and prospects Of
the company. in which address he give some
weI considered and sound views as to the pol.
icy TO be pursued. and especially against the
euggest,on made ofrrducing il,s salaries and
wages Of those employed by the company.