The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1865-08-17
Railroad Directors Meeting.

Railroad Directors Meeting.
Thursday, August 10, 1865.
Board Of Directors of North Missouri &
Cedar Rapids r. r. Co., met in the May
or's office, in Ottumwa, and was organized
by appointing DR.. G. c. Warden, Chair
man, and J. H. Saunders, Secretary.
On motion of f. l.. Burton, the Board
proceeded to ballot for President of the
Board. The Secretary was directed to act
as teller. H. H. Trimble nominated Hon.
George Gillaspy for President.
A ballot being had, George Gillaspy re-
ceived six votes, the whole number of votes
cast, and he was declared duly elected
President of the Company, and being pres
ent, took his seat as such officer.
Mr.. James Hawley was unanimously
elected Vice President, Z. L. Burton, Sec
retary, and w. b. Bonnifield, Treasurer.
H. H. Trimble offered the following res
olutions, which were adopted:
Resolved, That the President, Vice Pres
ident, Secretary and Treasurer, and the
resident Directors of Wapello county, be
constituted an executive committee.
ID .-" BYLAWS.
The executive committee is hereby au-
thorized to call meetings Of the Board at
any time they may deem advisable, by Civ
ing ten days notice of such meeting. Such
notice may be given by being published
in the Ottumwa city papers, or by mail.
Resolved, That the executive committee
he authorized to employ a. suitable engi-
neer to survey the line of the N. NJ. & c.
r. r. r., and that they do SO as soon as is
practicable. .nE s.. .....
Resolved, That the executive committee
be authorized to appoint a general agent,
and as many sub-agents as may be neces-
sary, whose duty it shall be, after cam
vass along the line of our road, to awaken
the people to its Importance, to take sub
scriptions. &c. az .".. ....
Resolved, That the executive committee
be authorized to purchase all necessary
books and stationery, to open subscription
books, and to complete the organization of
the company. ....r.... ...
J. H. Saunders offered the following res
olution, which was adopted:
Resolved, That the President Of this
Board be requested to visit Cedar Rapids,
and such other points as he may deem nec-
essary, to ascertain upon what terms a
consolidation Of this Company and the Ce-
dar Valley r. r. Company can be effected
Board adjourned to 8 o'clock a. M, Au-
gust II, 1865.
Board met at a, M; President Gillaspy
in the chair. la..".
+ TT Canlars >fcarol tt~o f>l ,.rs,
olutions. which were on motion adopted:
Resolved, That none of the stock sub
scribed in any county shall be used out
side of the county in which it is subscribed
until the road is graded, bridged and tied
through the said county; Provided, how
ever, that an assessment of not more than
five per cent. may be made for contingent
expenses. -...- ...
Resolved, That no money shall be ex-
pended in the work of grading and bridg-
ing the road until satisfactory assurance is
received that the North Missouri Railroad
Company will adopt this as their route, or
until the Board shall be entirely satisfied
Of their ability to complete the road
Hon. III. III. Trimble offered the follow
ing resolutions, which were, on motion,
adopted:
Resolved, That the stock Of this Compa-
ny shall not be demanded except by in
stallments, and no levy for an amount
greater than ten per cent. per month shall
be made, and no money shall be expended
except as legitimately required in the con-
struotion Of this road. '.
Resolved, That the executive committee
be directed to procur. twenty-five copies
OF the Ottumwa city papers containing our
proceeding. including articles of incorpor.
alton, resolutions, bylaws, &c, and dis
tribute the same among the directors,
agents, &c.
Resolved, That tho resident directors of
each county be directed TO use oil rsason-
able efforts 10 obtain from their counties a
donation of say 500 for every 1000 inhab-
itants, to aid in defraying the expenses of
surveying the N. NJ. & C. r. II. II.
Resolved. That the resident directors of
chcounty through which our road passes.
be requested to furnish, at as early day
as possible, to this office, full statistics of
the population, wealth, products, &C., of
their counties; also. the probable amount
OF paying subscription which probably
can he raised. &a-." ....rat -g s.-.......
On motion Of J. III. Sanders, Mr.. r. l..
Bnrteo was appointed odraft BYLAWS for
the government of this corporation, and
report the same at the next meeting of the
BOARD. s..aaas s... e.......-.. =.
On motion OF j. II. Sanders, the Giirec-
tors in each county wereinstructed to take
immediats steps To make a thorough can
vass to procure subscriptions Of stock in
| their counties. ..sa-e..r -..-~
On motion the Board adjourned. to meet
ut the call of the President.
| GEO. GIIiLASPY, Pres't.