Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1867-06-19
LOCAL NEWS.
WEDNESDAY EVENING. JUNE 10.
ALEXANDRIA, .LoUDoUN AND HAMPSHIRE

stockholders of the Alexandria, Loudoun ant
Hampshire Railroad Company was held at to-
Office Of the Company, 10 this city, at noon to
day, for the purpose of considering the act au
thorizing the transfer Of the States interest II
the road to the company
The meeting was organized by the APPOINT
ment Of COL c. B. Ball, of Loudoun, as chair
man R. Johnston, clerk of the company act
ing as secretary.
Messrs. j. NJ. Orr, of Leesburg, and Z. T.
Lee, of Alexandria, were appointed comm'''ee
on proxies, who reported a large majority OF
the stock represented in person and by proxy,
whereupon the chairman stated the object OF
the meeting, and the Secretary proceeded to
read the act as published in yesterdays ia
zette at the conclusion OF which,
Mr.. Mckenzie offered the following resolu-
tons, advising the company to accept the act,
if advantageous terms can be made with the
Board of Public Works:
Reso1red, That the Alexandria, Loudoun
meeting assembled, do accept the act OF The
General Assembly of Virginia, passed on the
18th day of April, 1867, entitled, IAN act dis
posing of the State interest in the Alexan
dra, I.oudoun and Hampshire Railroad, on
certain conditions. "
Rcsohed, That, 10 case the purchase OF the
State interest shall be made, as authorized by
the said act, the Board Of Directors (who are
hereby authorized to make and conclude the
same) be, and they are hereby, empowered to
execute and deliver the bonds of the company
| therefor, payable as required by said act and
| to secure the payment thereof, by mortgage or
! deed of trust upon the companys franchise,
and real and personal property, or any OF them.
| Reso7ced That copy of the foregoing res
olutions, certified by the President, under the
company's seal, be forwarded by the CLERK OF
the company to the Board Of Public Works.
On motion Of Mr. Jno Janney, of Loudoun,
the resolutions were unanimously adopted:
Mr.. Mckenzie then offered the following
preamble and resolution, which were unaDi-
mously adopted:
WHEREAS, By an act OF the General Assem-
bly of Virginia, passed on the 18th day of
April, 1867, entitled, can act disposing OF the
States interest in the Alexandria, LoudOun
and Hampshire Railroad on certain condl-
TONS this company is empowered to borrow
money, for the purpose Of extending its railroad,
at rate OF interest not exceeding eight per
centum per aGnum, and TO issue its bonds
therefor and secure the payment OF the prln-
cipal and interest OF such bonds by mortgage
or deed Of trust upon its franchise and real ant.
personal property, or any OF them and where
as, this company is leslrous OF extending its
road from Lcesburg to its western terminus, at
a point in Hampshire county, west OF Paddy
town, and for that purpose to raise the neces
sary funds by loan as aforesaid belt therefore,
Resolvel, That, in order TO raise the funds
requisite for extending the company's railroad
from Leesburg westwardly to point in Hamp-
shire county, West Virginia, west Of Paddy
town, the Board of Directors ct this company
be, and they are hereby authorized and EN-.
powered to make and issue the bonds Of this
company to an amount not exceeding eight
millions of dollars, payable thirty years from
and after, bearing q rate Of interest not exceed
ING EIGHT per centum per annum, With proper
commons of interest attached; and to dispose
of the said bonds for the purpose aforesaid,
upon such terms as they shall deem eypedlent
and advantageous.
Reso1ued, That the Board Of Directors of this
company be, and they are hereby, authorized and
empowered to make, execute, deliver, and cause
to be recorded q mortgage or deed OF trust up,
on the franchise, ana all the real anu pelsoua,
property Of the company, including. its road
now built and hereafter to be built, with ITS de-
pots, and station grounds and houses, and APP
purtenanccs, and all it's rolling stock, mechlne-
~, equipments, and other movable property,
now on hand or which shall be hereafter &C
CURED, for the purpose Of securing the pay
| ment of said bonds, and the aceruing interest
| thereon; and that the Board be empowered to
arrange and adopt all details Of said bonds,
and the said mortgage or deed of trust not be-
fore provided for, and all things relating to the
form thereof.
Mr.. Mckenzie next submitted the following
| resolution, which he urged upon the grounds
of the favorable condition of the road, and its
fattcring prospects:
Reso7ued, That, for the purpose Of promo
ting the early completion OF the company.
railroad to Mercer's Station, the Board OF u
reetors be authorized to make and issue the
companys obligations to an amount not eX
ccedmg 10000, in such form and sums, pay
able at such times, and bearing such interest
mot to exceed 1870 per cent. AZ the Boart
may deem most expedieni.
The resolution was unanimously adopted
and the meeting adjourned sine die.
|