The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-12-21
REsoLr T1oNs REcoMM ENDED BY THE COMMITTEE
OF sIuCKHvlHyRs IN THEIR REPORT OF DE-
CFlIBER 19. 1868.

RESoLt TOYS RECohMENOEO By IhE ooAlNl11Ei
OF STOCKHOLDERS IN THEIR REPORT OF DE
CEMBER 19. 1868.
1, Resolued, That the act of the Legislature
passed the 18th day ofSeptember, 1868, giving
additional aid to this company, and making
also, several alterations in the charter, be-
and the same is hereby, accepted by the stock
holders.
2. That the stockholders approve the deter
mination Of the Board Of Directors 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, ma
terials, &c.
8. That the stockholders concur in the rec.
ommendation to memorlallze Congress and
invoke their aid in the construction Of the
road; and that committee of five
be appointed to carry this resolution
into effect, and that the Board OF Directors be
authorized and instructed to cooperate with
said committee.
4. 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 application be made by them whenever
the same shall appear to them expedient.
5. That when the new estimates proposed
to be made shall be completed, proposals foT u
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:
1st. Payment to be made by the company in
cash.
I'd. Payment to be made one-half in cish,
and one-half in the bonds OF the COMPANY,
guaranteed by the State.
Sd. One-half in cash, one-fonrth in bonds as
aforesaid, and one-fourth in sSock of the com.
pany.
4th. One-half in cash and one-half il the
stock of the company.
6. That the directors be authorized md di-
rected to call for the payment OF the remaining
instalments on the subscriptions to the capital
stock of the company. That ninety days no
tice be given for the first instalment, and such
notice for the others as may be required by the
charter or if not 80 required, as may be deemed
expedient by the board; and in all cases where
the said calls shall not be complied with, and
the instalments not be paid, the shares shall
be declared forfeited to the company, and the
forfeiture be enforced.
REPORT.
The Committee Of the Stockholders OF the
Blue Ridge Railroad Company appointed
to consider the report OF the president anc
directors to the stockholders, ASK leave 10 suo'
NIT the following additional report:
The sentiments ofregret and grieffor the loss
of our late distinguished associate, Judge
Edward Frost, contained in the report OF the
president and directors, meet with the cordla
sympathy and approval Of the committee. liz
his death the company have sustained, IN COM
mon with the whole community OF which he
was member, loss that may, Justly be deem;
ed irreparable. His great ability, energy and
perseverance, combined with the purity and
elevation of his character, gave dignity to the
offices he filed, and secured for the cause he
advocated the confidence and support o1
the public. To his zeal in their service