Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1866-11-27
Proceedings OF the COnventIOa Of
RaIlrOad StOekbolders.
From tho Columbia Herald. "a

isu9ns " appointment, the stock
holders OF the Tennessee and Alabama. III,
Central Southern, and the Tennessee aDC
Alabama Central railroads, met in Colum.
bia on the 2lst day of November. 1850
and Judge Whitworth, of Nashville. swas
called to the Chair, and Hunter Nicholson
appointed Secretary. on bs r ,ls
AT the request of the Chairman. Mr.
Sless, Of the Tennessee and Alabama Cen.
tral, explained the object of the convention
to be, hrst the consolidation of the Ten.ps.
see and Alabama, and the Central Soutb-
ern roads. Second, the cousoli5atio,,. =,
those two ROADS with the Tennessee and
Alabama Central, under the name and
style Of the Nashville and Deeatnr rail.
road, In pursuance with the enabling act n
the Legislature of Tennessee, which Mr..
Sloss read to the convention BY this aet
the executive committee were empowered
to make terms of consolidation, which has
been accomplished. J05goa ~ - sslsF
On motion Of Maj. Thos. NJ. Jones. the
Chairman appointed Messrs, DonneII
Thompson and Tanner, JUDGES: and I r
Anderson and W.. w. Phillips Clerks 10
hold an election Cor stockholders. IA the
consolidated Tennessee and Alabama and
Central Southern Road. The Judges being
qualified, the election was held and resulted
in the following: ~ o. .vah 7.rsl D. j
ni 7HUl-aa BOARD on pfRkcFoRs. s' a2-a
J.L. Claybrooke. W. Park, Sam. Henderson
HRae,. hInes aRndres, J9hn MG6ayOek, c. ". Nance
Y: I. Reed, John Bellafsnt, c. N. Orduay w
On; Perkins, Thomas N. Jones, James Whit
WIN I-s -.a t--a .-gr tHEes
Who we're duly sworn in. PEE.
On motiou of Mr.. Claybrooke, the con-
vention took recess to enable the newIv
chosen Board to meet Upon reassembIin1
OF the Convention, Mr.. Hardeman. "a Sae,
retary Of the Board of Directors for tba
consolidated roads, reportedto to the Convap.
ton the action of that Board, to the effsct
that the terms of consolidation between tI,o
tennessee and Alabama, the Central South
ern and Tennessee and Alabama Central
Railroads, as agreed upon BY the Execu-
i've committees, aud as accepted by Mr..
Sloss, in behalf, and as the authorized asent
OF the Tennessee and Alabama Central
koad, has been accepted and confirmed bv
this Board, add this action is submitted for
the ratification of the Convention. On
motion of Maj. Thos NJ. Jones. the action
Of the Board was unanimously confined
by the Convention, and the three roads de-
clared to be united and consolidated hinder
the style Of the Nashville and Decatnr
Railroad s ~l- -9E i,I
Upon motion of Mai. Jones, the C,ouvsf-
tiOn proceeded to the election of Roara
OF Directors for the Nashville and DecaEnr
Railroad, for the year 1867. a'.7 ~ 'ff
Mr.. Sloss offered the following resoIu-
tioR;il y.s.eiis.. fIne5 u i7,{ 7l~'
Whereas, The shares in the Tennas.oe -; Al.
3alna central Railroad Company. represents nn-
der lis charter hat twenty-five deliays e.eb
Mnlle me same a IN the Central Southern and Ten
nessee ana alabama Railroad Companies reDre-
sent hfty dollars each Therefore Be IL '1rft1
.heselyed' That the stockholders in this Con-
ventlon ~ holding shares in the Central Southern
shall be entitled to vote twice the ber ~
Shsres, 90 as 70 equalize them in humber with
the stockholders of the Tennessee and lIabaIoa
Central Railroad Company.
After much discussion Mr.. Baird offered
the following resolution in lieu: - -
Whereas. In the Tennessee and Alabam., .,d
Central Southern Companies a share Of STOCK Il |
Central II is twenty-five dollars And vrbersss
N the election about TO take place for Direcfo-s
otths Nashville and Decatur Road, when ibs 1
9Sam5eT OF votes IS regulated By the number Of
Resolved. That in this election sftv. dollsx.
viii be regarded and recognized IA oye
ssoek, ana each stakeholder viii be REQUIRED fosl
Eote aecordngly. 5 II - IL, ~ 'Ofr'iSu : -
WhereupOn, Mr.. Nance introduced the
following in lieu of the whole:
Resolved That this stoekholdeTs, b,,s.ss;,,,
ecu % sieet Board Of Directors, and that every
Henty-nye dollars Of stock shall ontifIe he
lolder to one vote in all the original
10. merged, into the Nashville and Becafur1 4
AalTQada AdOpled-ayes 80; noes, q. = -
Mr' hose offered the following, which
vas adopted after considerable discussion
;Res9igsa, That this stockholders eopveDt;o,
,is 4Or lts present gnldanee and until other
ected and elected from the following sran,e5s
ountle5 IN the proportion as follows to-SSit :. 1
~ :. ! tason, i,hamson, 3; Maury, q; Giles
4lT. ME-. Claybro9ke moved the consideration
DR.. Stout moved that the salary of the
resident be fixed at 5000 per annum. !
Dr. Stout, BY request having Withdrawn
Is motion, Mr.. Sloss moved a reconsider
ION OF the resolution fixing the salaries
hich motion being adopted, Major JoDes E
owed TO lay the resolution on the table 7
7 the purpose of entering into an election c
Directors. The motion was adopted n
I'd the election ordered for Board of III II
ctors5 70 be organized lst Tuesday in July p
,6f. The Chairman appointed Messrs ~
bernathy, Ordway and Tanner, Judoes
ID Messrs. Edmundson and Stout clerks ~
I'D the election. f-sH- lao,t q n 712t
The Judges and Clerk reported the fol.
wing as the result Of the election. and vi
err report was accepted and ordered 40 tg
spread nPon the minutes: Directors AZ
S: Claybrooke, John M'Gayoek james
bitworth, w, ON. Perkins. John Relic Ja
Z. 7. NJ. Jones, George S. Houston. Ia 81 81
Tanner, John Fisher, G. n. Oriwayl q ~
!, Nance, w. p. Cannon, Thomas Martin al
bert Buford. and J. w. sloss. = = 20
Mr.. Sloss then submitted the foIlowiny ov
olutions, which were adopted: 17 on
Thereas, In the consolidation which has h.., no
day eheeted and confirmed the JeonesSo- dv
Alabama Central Railroad Comeapy hos :. :
u oFeught and Teceivei into the aforase;5 j :.
soIdation, with the full understanding - - int
iuti0ns passed by the stoekhOlders AZ - 4
lpany on the I'd Of August, iSd6 and n = - A .
ndea and accepted, that the eOnsOlidsfiao 81 =,
several companies with the NaSbyiIIS - =
atar hallFoad Company is not and shsII- - u
NJ wise inFalidate or impair apv oi fhe s-,.I A
e, IOrns, nights and privileges and int.-a-t / :
I'd to property real. pers0D Al a. - i: not
vested, or which could. shoui1 -, ,.sLs | and
'afIer vest or accrue to the same -o1J .-IL -