Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1863-11-26
2A o'cIcck, L. H., Nov. l9!h, 1863.


preamble and resolutions, submitted by Col. g. L. Ere
mont, 10 the morning were tsken up:
WHEREAS OF vital inportaroe to the stockholders
of this company IL at the roadway machinery every
kind buildings and repair shops should be put Ia
Rail Road to accomplish this and enable the
to reap all the bonefts that should rightohy aceure to
them by good and economical management OF their
Road AID at the afford the most ample acli
ties the public the transportation Ut persons and
Resooed That the Board of Directors requested
take immediate eps to "ceopsh the results asked for In
the ori going preamble To end to set aside
pie renewal fund.- to csct purchase lands and
commence such wcfk as in thsr u91neut may be deem
ed best and without unnecessary delay to complete the
Road and Aachinery Depot buildings and sheps upon
scale OF permanoncy aud style
with the Importance OF 1ae Work TO which they be-
Iesooed That Is the opinion of e ckhelders all
the permanent improvements that be made udciousy
during the war should be made practicable and
that liberal portion Ct the nett income ould be annual
" applied completing the works called for above.
Col Fremont urged the adoption Of the preamble
and resolutions in few appropriate remarks when
Col John McRae offered the following as addition:
al resolution
Rseoleed That the Board of Directors, hi connection
with other Rail Road Iompa.ies consider
the d9g by Of m Rs ~ goaS and
other iron neces1a for the maintenance OF the Road and
machinery.
The question being put upon the passage OF the pre-
amhle and resolutions offered by Coils Fremont and
McRae thsy were r. ad Senatin and passed unanimous
Col Fremont then offered the following:
COO that tie Treasurer at $4,000 the current
fiscal ysar.
j. A. Taylor, ESQ. moved to amend the resolution
by fixing the salary of the Treasurer at 1880. The
amendment accepted and the resolution adopted.
On motion CT Colonel John McR4e it further
Resooed That President and Treasurer this Com
paDy be paid bonus equal to the salaries received BY
them respectively for the yeer as dst and wsearn
ed compensation tor past services.
On molten of J. A. Taylor, Esq, the meeting pro-
ceeded to the election OF President OF the company
fI,n ntorin vvIfh A
Taylor Esq, were appointed committee to receive
and compare the votes
The election resulted in the choics of s. ID. Wallace,
ESQ., for President, unanimously, aud TIE following
stockholders members OF the board of directors, viz
Hon. r. r Brdgers, OF Edgeconlbe, and Messrs P. K
Dickinson, Bennett Fanner, Edwar! kddsr A j. De-
Rosset Walker Measss aud j. d. B-liamy, OF Whining.
ton
Col S. L. Fremont, proxy for tho State, officially
announced the appointment by the board of internal
improvements of Col u. w. Collier, OF Wayne, W. w.
Brickell, ESQ of Hsfax and w 4. Wright, ESQ ,
Of Wilmington, directors the part of the State
Ga motion of Hon. r. r. BrIdgers, the resolution
above offered by Col. John McRae, giving bonus to
the president and treasurer for past services
sidered ard the following resolution fff:red substi
tute
Rssolged That all officers now il the services of this
spective salaries of the year fixed by the stoekhod
at Il cir last Getting by the directors at taeir meet
ing the 9th of December, 1862 ana that the board of
directors requested to make proper increase OF the
wages aud employees OF the company for services
during the year. The resolution being seconded pass
ed unanimously.
Ga motion If Col Fremont,
ResolUed hat the president directors, officers, ens
employees of this mpany have always allowed
their business pleasure when they had
occaEion do part OF their )lnents and
the STOCKHOLDERS i'll annual meetng assembled do hereby
declare that this privilege shall be extended to them ia tu
and they shall be dered to have paid two and
half per mile in their services TO She company for ali
the mileage they thus make il addition to such
allowance maC be pail thea FRO u sims 90 time.
On motion,
RESOLVED. That P. Murphy j. C. latts and d. Love be
appointed committee sul hG Is I'll lhs
pany for the enku;ns year WIN o~e to H. - in
said committee shorli if be l:prac icabc any III
to serve.
On motion Of ). D. W Allac2, E.q,
ReSooed, That the next annual OF this ampany
be held in the Toan If WiciLg the first Il ed
day after the third Monday novemi l.6l aud that
the president of the company ed cha he
place of meeting if it should be mpraoticabe LoI The
meeting at Wilmington.
On motion,
Resooed, That the Secretaries, with Col Fremont, be
appointed committee to prepare the proceedings Of the
meeting tor publication.
On motion of q. E. French, Esq,
RssoUed That the thanks Of the meeting be rendered to
which he has presided the meeting and to the
taries for the faithful performance their Duties
Thereupon, the meeting adol ned sine die.
TH0s. d. WALKER, Chm'n
B. =. EH5TA af Secretaries.