The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1864-08-03
Atlantic & st. Lawrence Railroad Com


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pany
ANNUAL MEETING.
The annual meeting of the stockholders Of
the Atlantic g. ST. Lawrence Railroad Com
pany was held at the old city hall yesterday,
Sc. John smith, Esq, President OF the corpo-
ration, presiding.
The Annual reports of the Directors, Treas
urer and Commissioners of the Sinking Fund
were read and accepted.
From these reports we gather that the in
terest upon the City loans to this Company
have been promptly paid; and that since the
resumption OF payment to the Sinking Funds,
the current installments have been promptly
paid.
The aggregate of the stock account is the
same as by the last report, being - ,494 ,900,-
exclusive of the Is, 900 shares held by the City
OF Portland, as collateral to its loans and for
other purposes.
The debt of the Company, which
is all funded, consists oil its OBJ
legations to the City of Port
\ amounting to 100000
Mortgage Bonds OF the Compa-
= ny in Federal currency, Dated
4 April |, 1851, on Is years-ex-
elusive OF those pledged to the
|, City of Portland as collateral 9ss.OOO
Bonds Of the Company, in Ster-
ling currency, dated November r
/. 1853, on Is years, payable in
London-el000000 at S4.S4
per & $4,000
s3,472,OO0
The interest on this Indebtedness has been
promptly paid.
The connections of the Grand Trunk Rail-
way Company at the west and at Portland,
for facilitating and increasing the business OF
their lines, continue as heretofore, with such
extensions as the business offering requires.
The last winters business of Messrs. Allan
& Company's lines of Steamers, running TO
and from both Liverpool and Glasgow, in con-
nection with the road, was, as we understand,
very large. Full cargoes each way were car
ried, nearly all Of which passed over the
road
The Anchor line of Steamers from Glas-
gov, on their way to New York, also touched
at this port semi-monthly, landing passengers
and freight for the road.
In addition to the above line of Steamships,
we understand, that during the ensuing win
ter, new line of Steamers now running be-
! tween Montreal and London Ia Montreal en-
terprize) will make Portland their winter
port.
1t is gratifying to the directors to state, that
the traffic of the Grand Trunk Railway Gem
pany, with which this Company is so intimate
ly connected, continues TO increase from year
to year; each years receipts exhibiting fair
per centage of increase over those of the pre-
cedng year.
The Capital stock is divided on
the books as follows:
1925 shares in Federal curren-
cy. of $100each S1l2,50O
1920 shares in Sterling curren-
cy of eiOO or s474 2.ss1, $50
20 fractional share rights of
SIG each 1,l20
S2,4g4, SOC
The Sinking Fund or the City loan of 81
! 100000 amounts TO 1907 ,SS6S9. On the $500
| 900 loan to Sl35,90S.53. Total s443, I95 AZ
The assessments for the years 1861 and ls6.
have not yet been paid by the Grand Trunk
Company.
A ballot was taken for nine Directors for
the ensuing year. The number of votes cast
was 9,553, all of which we're for the last
years list, viz: st. John Smith, John b.
Brown, Phinehas Barnes, Charles Z. Barrett,
George f. Shepley, Harrison J. Libby, james
L. Farmer, Byron Greenough, Alex. T. Gait.
The Grand Trunk Company having re-
quested early action in reference TO the bonds
of the A. & St. l.. r. 4. Co., which mature in
1866, the following vote was unanimously
passed by the Stockholders:
Whereas. By the terms of an agreement entered
into between the Atlantic 4 ST Lawrence Railroad
| Company and the Grand Trunk Railway Company
of Canada. on the 10th day of February, A ID. 1850
the Company, under csrtsin 90 ditions and stipuis
ton named ia said agreement, is Obliged 10 issue &
the orand Trunk RaIlgay Co. new series Of bons
in renewal of aud SUI % tiiute Tor the Company
mortgage bords dared April !. 1851, and maturing
April !, 1858; aud. whereas, the Grand Trunk Rail
way Co has sigDined TO the Directors the desrs Q
ness of making early provision for such fspewa
bonds; therefore, under the I'd article of the NOTES
calling the meeting. IL IL
Voted, Tuat the whole subject of preparing ant
issung such new bonds be c mmittai 10 the Bosrc
Of Directors. who hereby fully authorized Il
cause q new ser ss of bonds, TO an amount not ex
ceeding 81. oo00o, to be prepared and properly e>
ecuie1, bearing sucn date and in such sumo. snt
pa able, principal and interest. at such ace and OF
currency as the Board shall determine; said bond
10 be secured BY mortgage TO Trustees Of the Raj
road, its appurtenances aud the real and persona
property and franchise of the Company, 10 the ssi
extent as the now existing mortgages-wbich new
mortgages the Direct rs hereby au HORNED 70
make aud execute: and 10 deliver such bonds tc
the order Of the Grand Trunk Railway Company
upon the conditions provided in the agreenent o.
February 10 b. 1855.
The meeting then adjourned