The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1866-07-12
THE AIB. LINE RAILROAD COMPANY.
ANDERSON. S. c., July 10, 1866

ANDERSON, S. c., July 10, 1866.
A convention of the stockholders of the "Ait
Line Railroad Company in South Carolina met in
the Court House this day, pursuant to call reguA
larly published.
On motion, Gen. ]. W. Harrison was called to
the Chair and A. 7. Broyles requested to act as
Secretary.
The Chairman briefly explained the object Of
the Convention, and requested the Hon. j. P.
Reed to place before it such information as was in
his possession in regard to the proposed Road
Whereupon, Mr.. Reed gave clear and succinct
account of the present prospects and condition Of
the Company, and the probability of an early reA
sumption of Operations looking to the speedy
completion of the Road.
The following resolutions were unanimously
adopted;
Resolucd, That the books be opened Immediately
by the Secretary of this meeting for further SUBJ
scriptions to the Capital Stock of the "Air Line
Railroad Company in South Carolina" That the
payment of one dollar per share, at the time Of
subscribing, as required by existing resolutions,
be waived as to all subscriptions made to-day, and
that the said payment shall be made on the call Of
| the President and Directors.
An interval of thirty minutes was then given to
enable the Secretary to receive subscriptions to
the Capital Stock of the Company, at the expiraa
ton of which time he announced that three thou-
sand shares had been subscribed, whereupon the
following additional resolutions were unanimously
adopted:
Resolved, That the books for subscriptions to the
Capital Stock of the Company stand open until the
whole amount is subscribed unless otherwise or.
dered by the directors.
Resolued, That persons who may beaome SUBJ
scribers to-day shall be eligible to the Office of
President or Directors of the "Aair Line Railroad
Company in South Carolina
Resolred, That upon closing the books Of sub.
scrption to-day, this Convention will proceed to
reorganize the Company by the election of Presi-
dent and six directors, to serve for one year end
until their successors are elected.
Resolved, That the Committee now proceed to
elect President and Directors, and that j. W.
Norris, jr, T. s. Crayton and N. K. Sullivan be
appointed Committee to manage the same.
| The election was then proceeded with, and on
counting the ballots, it was ascertained and de-
clared that the following gentlemen were unani-
mously elected President and Directors Of the
"Air Line Railroad Company of South Carolina
to wit
President-L B. CLARK, of New York city.
Directors.-Messrs c. H. SANBoRN, s. W. TAM
NEn, c. E. CANDLE andJ. L. PoND, ofNew York, and
J. p. REED and ]. w. HARRISON, of South Caroli-
ma.
| The Secretary was then instructed to inform the
President and Directors of their election, and to
furnish them with copies of the proceedings of this
meeting.
The following resolutions were then offered by
Mr.. F. E. Harrison;
Rcsolued, That tie thanks of the Company are
hereby rendered thu Hon. j. P. Reed for his long,
untiring and Jealous efforts to promote the inter-
ests of this COMPANY, and of the District in which
he lives.
To which Mr.. Red replied in a very appropri.
ate manner, claiming that he had always labored
in these matters viii singeness of purpose and
for the public good
Col. Jesse W. Norris, jr., then offered the fol-
lowing resolution
Resolved That tb thanks of the Company are
hereby rendered te the former President and Di-
rectors of the Gar Line Railroad Company in
South Carolina" or their disinterested services
rendered said Company.
On motion, the Convention then adjourned.
J. W. HARRISON, Chm'n
A. T. BRoYLEs, Secretary.