Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1868-07-10
From the Tsrhor., .,

meettn z of the Stock dersoftL. xx;,I,-
ston and TarboroUgh RatIroad Companv
June, A. ID. 1868. ""n
At an annual meeting of the stockhold-
ers of this Company an organic alton wos
effected by calling A. H. Coffield, ESQ, to
the chair, and the appointment of J. Ed
WIN Moore, Esq, as Secretary.
On motion of Gen. W. G. Lewis. the
Chairman appointed committee of three.
consisting of Gen. w. G.. Lewis, Hon. Asa
Blggs and Jos. 5. Station, Esq, to ascertain
the amount of stock represented in person
and to verify proxies.
This committee, upon investigation. re-
ported that the number Of shares represen.
ted In person was two hundred and eleven.
ana Dy proxy one hundred and twenty
alhe' constituting a majority of the stock.
Lne report was concurred in by the stock
holders, and the chair man announced a
quorum present for the transaction of
business.
Hon. j. r. Stubbs, President, submit
ted his report for the past year, detailing
the OPT ranons Ct the Company for the pre-.
cedlng twelve months, which was aGopted
and ordered to be filed.
full aud minute report of tho Fno;n-
eers department was then made bv Gen'
w. G Lewis, detailing the different lines
surveyed, distances, and estimated cost of
eacn. Ihe report contained many excel
lent suggestions in regard to the mode
necessity and advantages Of the constrlc
ton of the Road.
Ihls report was likewise adopted and
ordered to be filed with the records of the
Company.
Elder @. B. Hassell, Treasurer Of the
Company, submitted his report, SHOWING
the amount Of receipts aud disbursements
during the past year. A committee of three
consisting OF d. W. Bdgley, w. H. Cars
1aiper ana John Il: Lanier Esqa was ap-
pointed to audit the accounts and report
upon the same at the next regular meet
ing of the stockholders.
Judge Blggs, as chairman of the CON.
mlttee appointed by the Directors at their
last meeting to prepare suitable Rules and
regulations for the government of the
company, reported series of Bylaws.
which. after some discussion, were adopt-
ed and declared to be the laws by which
the Company will in future be controlled
A re- oIutIon was adopted accepting the
loan granted by the late Convention in be-
half OF the Road and returning the thanks
OF the Company to the delegates from this
county, and other members of the Conven-
tlon' oy whose efforts the same was etfec-
ted.
The following resolution, offered bv Can
taln WIN. Blggs, was unanimously adopted
by the meeting:
ResolUed, That it is the desire OF the stockbod
ers OF the Company that the location and con-
strnctlon or the Road should be proceeded with az
rapidly as possible, and the Directors are hereby
instructed TO use every available means to accom-
plish this result.
On motion of Edwin J. Moore, ESQ. the
following resolution was adopted:
Resotoed, That the p esident nd Directors arc
Hefeoy au norlZed ana empowered 70 borrow mo-
ney IN behalf OF the Company on such terms and
conditions as may to them seem best the nmount
thus borrowed not to exceed fifty III, usand dol
lars.
The election of seven Directors for the
ensuing year was then, on motion, entered
upon, under the superintendence of Elder
=. B. Hassell and General W. G.. Lewis.
and the following gentlemen having receiv,
ed majority Of the votes cast, were de-
clared duly elected, viz: Hon. j. r Stnbbs.
hon. Asa Bggs, Fl. ID. Robason, ID. W.
Bagley, y: Edwin Moore, JOS S. Station,
Esqs., and Elder c. B Hnssell.
Aresolution wasadopted, authorizing the
Directors to have the Charter of the Com
pany, Bylaws, reports of the different Of
hcers, and proceedings Of this meeting pub
lshed IN such form as they may deem
most suitable.
On motion, the Secre' ary was directed
to furnish copy of these proceedings to
the Iarboro' Southerner for publication,
with request chat the State and Norfolk.
Va, papers copy the same
The meeting then adjnurned
A. d. Coz HLD, Chairman.
y. EDWIN MOORE, Secretary.