Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1858-09-15
STOCKHOLDERS MEETING.

MoRGANroN, Aug. 26tb. 1858.
The Stockholders of the Western North Car oina
Railroad Company convened in general meeting in
the town of Morganton, N. C., this day, at IL
o'clock-when
On motion of R. c. Pearson, Esq. George F. Da-
wilson. Esq was appointed Chairman, and on mo.
tion the meeting further organized by the ap-
poin,ment of Samuel Med Tate and NJ L. McCor-
kle, Secretaries
Whereupon E. j. Erwin, Esq on behalf of the
Committre Proxies reported that l4l Stockbold-
ers holding 1888 shares nf Stock represented
ny Proxi,s, and 60 Stockholders, holding 3lsl
shares were personally in attendance, which report
was received and adopted: And it appearing from
saiG Report that the requisite Lumber Of Siockhold
ers holding majority Of the Stock subscribed by
individuals. were present in Ferson and BY proxy,
the Chairman declared the meeting duly organized
and ready for the transaction OF business.
Burgess S. Gather, Esq, presented credentials,
authorizing and empowering him to act as the proxy
and representative Of the State of North Carolina,
which were duly received, and he was allowed TO
take his seat in the meeting accordingly.
The Report Of the President on behalf Of the
Board OF Directors also the Reports of the Chief
Engineer and Committee of Finance, were then
orally submitted and read, and, on motion, laid upon
the table.
On motion Of NJ L. McCorkle, the meeting pro-
ceeded to ballot for four Directors.
The Chair appointed ID. A. Davis and f. j. Erwin
Esqs to take the vote, who, upon the performance
Of that duty reported that John Shaver, Of Rowan
Otho Gillespie, Of Iredell Jonas Cline, Of Catawba
and John c. Mcdowell Of Burke, had received each
majority Of the votes cast and were therefore duly
elected Directors the part Of the individual Stock
holders for the ensuing year-which report con-
| Cured In.
On motion. the meeting then took recess until
| q o'clock, P. NJ.
81 O'CLOCK P. N.
The Meeting was called to order by the Chair.
| IN rpotiop If Charles Y Fisher ESo the ReDOrts
of the President, Chief Engineer, and Committee OF
| Finance were taken up and considered, and, after
debate, were severally received and adopted.
Tod R. Caldwell, ESQ, offered the following reso.
lutions, to Wit:
"Resolred. Tha, the Committee of Finance for the
ensuing fiscal year, be required to furnish to the
Stockholders at the next annual meeting, report OF
statement showing how and for what the funds be
longing to the w. N. c. Railroad Company have
been expended and that in their said report state
ment thoy set forth each item OF expense. to whom
due, by whom contracted and how paid, and thai
said report extend back to the beginning of the FL 81
fiscal year.
Resolred further, That said Committee, after they
shall have completed said report shall cause . sufi
cent number Of copies Of the same to be published
so as to furnish each individual Stakeholder with
copy thereof on the first day of the next genera
meeting Of the Stockholders and that the Treasurer
of the Company be authorized to defray the exPen
ses thereof"
D. A. Davis, Esq, moved to amend the first reso
luton by striking out all after the words show
paid" After debate, and before q vote Was had
upon the amendment the resolutions, together with
said ameddment, were, on motion Of W. W. Avery
ESQ. laid upon the table.
It was then ordered that Milus F. Freeland, A. w
Jameson and Charles A. Carlton, be appointed {
Committee Of Finance to examine into the 6nances
of the Company and the accounts Of the Treasurer
and make report at the next annual meeting Of th'
StoekheldsrA = -;