Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1859-05-27
nHeiaI Proceedinrs.

WILMINGTON, MAY 10Th, 1859.
special meeting of the stockholders of the Whining
ton and Weldon Rail Road Company was held this day
at the Court House in the town of Wilmington, pur
suance of call made by the President and Directors of
said Company by the following resolution, adopted on
the 26th day of March last that is to say
this ompan @ 5 Be Se the Of %m
tom the 10th day of May next for the purpose of
omnagy ss shall be- from some point on the line
of the Road of this Company between Rocky Mount and
Joyners to point the East side of Taw River in the
county of Edgecombe at the county road leading
from Tawboro to Greenwood and that due notice of the
Treasurer by advertisement in the Standard and
gser, Tawboro Southerncr, and Wilmington Journal and
Herald.
It appearing that notice of the time place, and the
purpose of this meeting las been given required by
said resolution by advertisement made in the papers
referred to in the said resolution from the first day of
April to this day, the meeting organized by the
pointment of Owen r. Kenan, of the county of Dupin,
as Chairman, and Patrick Murphy and Stephen ID.
Wallace as Secretaries.
The Secretaries, with VIM. A. Wright, were consti-
tn ted committee to examine proxies and ascertain the
amount of the stock of the Company which is represen
ted at this meeting who reported that 1891 shares of
the capital stock of this Company was duly represented
1915 in person. and 5,9O6 by proxy.
ma ority of the stock OF the Company being repre-
sented the Chairman declared that the meeting was
duly organized.
The following resolutions were offered by VIM. A.
Wright, and amended by A j. DeRosset.
ReSOlred That branch to the main road Of this Compa
ny be constructed from such point such main road be-
tween Rocky Mount Station and mile and half south
OF the same which may be determined the President and
Directors of this Company along the most practicable route
and passing within half mile of the northern limits of the
town of TawborO and thence enthusiastically
crossing Tar River the Redmond Barn. and terminating
the county road leading from Tawboro Green
wood, at point between the residences of VIM. L. Petit
way and VIM Braswel provided that the total costs of
constructing said Branch Road including land dan and
all expenses shall not exceed the of hundred and
forty thousand dollars
ResoIUed That for the purpose of raising the means ne
cessary for the construction of the Branch Road aforesaid
books of subscription to the capital stock of this company
be applied exclusively to the construction of said Branch
Road, shall be opened at Tawboro Rocky Mount, Green
wood Wilmington and such other places the President
and Directors may direct under the supervision of such
Commissioners the President and Directors of this Com
pany desgnae and the stock be subscribed for
shall be payable at such times and in such instaments
the President and Directors shall determine.
ReSolUed That the President and Directors of this Com
pany shall not commence the construction of the branch
road aforesaid until the of 100000 shall have been
subscribed the books to be opened aforesaid by sol
vent and responsible persons and of the cost of
constructing said branch road beyond $00 00 be
vded for by the issue of six per cent bonds Of this Com
pany, be secured by pledge of the earnings Of said
branch convertible the pleasure of the holder
the stock of this Company otherwise the President
and Directors of this Company may deem best and the sub
scrbers such stock shall participate any dividend
of the profits of this Company until such branch road
trely completed and in full operation.
The foregoing resolutions, amended, were adopted
by the following VOTE viz 6808 in the affirmative, and
TIA in the negative.
OWEN r. KEENAN,, Chairman.
PATRICK MURPHY, Secretaries
S. D. WALLACE,