The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1868-12-22
The Blue Ridge railroad. .,

The Blue Ridge Railroad. y
The stockholders of che Blue
Ridge Ridge Railroad met in Charles
ton, ON Saturday. at II M. according
to adjournment. ~ Z =
The committee, of whom Governor
Scott is Chirman, to whom was re-
ferred the reports Of the President
and Superintendent, submitted the
following report:
The committee, having carefully
considered the matters embraced in
the report referred to, do recommend
that the report be accepted and ap-
proved by the stockholders, as q
faithful exposition of the merits and
prospects of the great work, in the
construction of which the company
is engaged. They also recommend
the adoption of the following resolu-
tions, in relation to the several mat
ters embraced in the report, on
which the action of this meeting ap-
pears &c be necessary or proper:
Resolced, That the Act of the Le-
gislature, passed the 18th day of
September, 1868, giving additional
/ aid to this company, and making
also, several alterations in the char
ter, be, and the same is hereby, ac-
cepted by the stockholders.
That the stockholders approve the
determination of the Board of Direc-
tors to have new estimates made of
the work to be done on the road, in
order that the said estimates may
correspond to the present price Of
labor. materials, &c.
That the stockholders concur in
the recommendation to m emorialize
Congress and invoke their aid in the
construction of the road; and that q
committee of five be appointed to
carry this resolution into effect, and
that the Board of Directors be au-
thorized and instructed to cooperate
with said committee.
That the expediency of an appeal
to the city of Charleston for further
aid, be referred to the consideration
of the board, and that such applica-
tion be made by them whenever the
same shall appear to them expedient.
That when the new estimates pro-
posed to be made shall be completed,
proposals for building the several
sections of the road shall be called
for by the Board of Directors by
public advertisement. That bidders
shall be required to state the prices
at which the work will be done, on
each of the following different terms,
namely: Payment to be made by the
company in cash. Payment to be
made one-half in cash, and one-half
in tho bonds of the company, guar
anteed by the State. One-half in
cash, one-fourth in bonds as afore-
said, and one-fourth in stock of the
company. One-half in cash and one
half in the stock of the company.
That the Directors be authorized
and directed t, call for the payment
of the remaining instalments on the
subscriptions to the capital stock of
the company. That ninety days
notice be given for the first install
ment, and such notice for the others
as may be required by the charter, or
If not so required, as may be deemed
expedient by the board; and in all
cases where the said calls shall not
be complied with, and the install
n.ents not be paid, the shares shall
be declared forfeited to the company,
and the forfeiture be enforced.
The resolutions were, on motion,
unanimously adopted.
Upon motion of Judge Orr, it was
ReSoloed, That a Committee of Five
be appointed to go to Louisville and
Cincinnati, to present the claims of
this road to the consideration of those
cities, and that the City Council of
Charleston be requested to send q
committee to cooperate with the
above committee.
George S. Cameron, Esq, was
chosen to fill the vacancy in the
Board of Directors caused by the
death of Judge Frost.