The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1858-07-14

y heSU6UEU. HAT iiib bOah0 " 49,
conformity with the Statute in such case made {
md provided, be required to assign ana SCI
apart the sum of twenty-five thousand do,iars
over and above the semi-ahnuai N
terest, as sinking fund to discharge the oPer
cent Coupon bonds heretofore issued oy 'his
Company. and to invest the same in the said
Bonds Of this Company, or in the 0 per cent
Coupon Bonds Of North Carolina, and 50 m
vest the profits thereof from time to time,
Resolued, further, That the said fund thus
set apart shall on no pretence whatever De
used for any other purpose whatever but that
ofnaying the said bonds Of the Company, or o.
meeting the said payment at the maturity Oh
the said bonds and that the Board shall re-
mort annually to the meeting OF the otoek,
bolders the amount Of the said sinking iund
then existing and the particular investment
thereof.
Mr.. Nesbit, submitted the following:
RESOLVED, That the President and Board o.
Directors be required to give Instructions
10 the Conductors to permit no one, wheh.
err director or employee, or Government
agents in discharge Of duty, to ride on the
road free, unless when attending the business
or the Company. and that the Conductor pe
required to keep list of all dead heads, ana
Ireport them to the meeting of Stockholders,
Resoiped, That the President be requested
10 apply to the next Legislature to amend the
Charter so as to require Director to own
TWENTY-FIVE shares Of Stock.
ResoIped. That the President be requested
10 make quarterly report OF the receipts
and expenditures Of the Road, and other mat
ters OF interest to the Stockholders.
On motion Of Judge RufIin the above resolution
,.kep nm sepaa,ey and the first and second wer
LIST, and the third carried
I On motion Of s. Bradshaw,
II PesoIred. That the bye-laws OF this Com
. many be so amended, that hereafter the Com
z nanys shops be one Of the points OF genera
ie meeting ofthe stockholders-Lost.
On motion Of John U. Kirkland,
Resolped, That the bye-laws be amende
g so as TO require hereafter seven Directors,
q whom the President may be one, 70 constltu'
q d quorum Of The Board.
Us On motion Of Judge Saunders, the same ftnan
u Committee were appointed for the present that serv
the past year.
~ On motion of n. A. Boyiep, il was
Resoiped, That there be no further ere
ton of buildings at the Shops without ne
- obtaining Interpretation Of the Stakeholder
n Iudge Ruffn. submitted the following:
y ;2esoirsd, That the Board Of Directors. Q
I" Of the funds Of this Company, pay to !
:" State Of North Carolina dividend oil SIX I
's' cent on the last subscription OF the state
- ST ,O0O, 600 as preferred Stock.
NC The question being taken on this resolution, II
=. rejected.
aS Mr.. Robert M'Lean submitted .he ioosins resC
= lion. which was unanimously adopted
NV Resolved, That the Treasurer Of the NO
Carolina Rail Road be instructed TO "a
the expenses Of the North Carolina Ran k'
ID for the last twelve months printed and Pr
lished IN detail, item By item, and copy
. Of each Stockholder--say 1900 copies.
d at On motion u mesese.i !, ----,s-.s .i1a-'
The ,.,o,,,a 'rha,-s .essNei, upon the North Caro-
was Rail Road during his he, mark q appreciation
ugh, his distinguished services 81 The same.
Sec On motion Of Robert M'Laue. il was resolved,
the following Committee be appointed to verify pro
med :, the next general meeting James soan Robert
Iics Lane, r. a. Garrett an l. Swim.
on molten 81 Gov. Graham. il was resolved.
the thanks n the meeting Be iendsredlo the Chain
ned q b;. meeting for the satisfactory services rsnd
during .ame.
ret On motion Of 4. Bsringcr. Il wss resolved, I
,e The thanks Of the meeting be rendered TO The seere
ioId- for bis efficient services.
the On motion q Gov. Graham, the meeting aijou
dual sine he.