The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1869-07-11

was majority OF the stock.
Mr.. W. r; Robertson, from the Com.
mittee on Consolidation, submitted the
following report; which whs unanimousg,
ly adopted by q stock vote -, 796. votes
being cast:
The committee appointed on behalf of
the Charlotte and South Carolina Rail!
road Company: to meet q similar com.
mlttee on the pnrt of the Columbia and
Augusta Railroad Company, for the par
pose OF arranging the terms of consolidn-
ton OF these two companies into one
and the same body corporate, under the
name OF the Charlotte, Columbia and
Augusta Railroad Company, ask leave
respectfully to report:
With view to full ana proper un-
derstandlng on the part of the stockhold-
ers OF this company, as to The origin and
history OF the proposed consolidation of
deem it not altogether inappropriate on
this occasion to refer briefly to few of
the leading facts connected with the
matter.
at the annual convention of the stock.
holders of the Columbia and Augusta
Eallroad Company, held in the citT of
Columbia. on the Sd day of December.
1868, the matter of consolidating the
two companies into one as formally
presented for the conside .tion of the
stockholders of that company by its Pre-
s1dent, who, on that occasion. in his nm.
nual report, remarked, that as the inte.
rests and policy of these two corporations
were identical, it had been suggested by
many stockholders of each that it would
be to the interest of both to have them
consolidated into one company-that IL
would produce unity and concert in n
more extended line, thereby rendering
both more efficient for public conve,
nlence and transportation, and greatly
economlze the expenses of administering
them separately.
with these remarks substantially. he
submitted the matter to the stockholders
tor such consideration and action as thew
might deem proper. Thereupon, q di-
rector of that company submitted the
following resolution, which was adopted:
"Resolred, That so much of the Pre-
sident,s report as refers to the consolida-
ton OF this and the Charlotte and South
Carolina kallroad Company, be referred
ed to report Immediately as to what ne
cessary legislation may be required TO
allow the consolidation, if such should
be found advisable"
Under this resolution q committee of
five was appointed, who reported that
same afternoon, in substance, that mas
much as it may be advisable for their
company to become party to the con-
solldatlon suggested, they recommend
that such legislation be obtained as will
enable the two companies to effect the
consolidation, should the stockholder,
OF the respective companies approve of
such consolidation. With this report
the committee submitted draft of a bill
to be presented to the several Legisla-
lures of North Carolina, South Carolina
and Georgia, for the purpose of enabling
and allowing the two companies to effect
consolidation. This bill, with some few
slight amendments, passed the several
Legislatures, and became law. Hence.
full legal authority, so far as Legislative
enactment can furnish it, has been given
to these two companies to unite them
selves into one and the same BODY corpo
rate.
So much for the initiatory action on
the part of the COLUMBIA and Augusta
Railroad Company looking to consolida-
ton, and the consequent Legislative ac-
ton thereon.
NOW lof the action which has been
had on the part of tho Charlotte and
South Carolina Railroad Company. At
the late stockholders meeting of this
company, held in the city of Columbia,
on the 2lst day of April last. the follow
ing resolution was unanimously adopted:
'Rcsolred, That this company regard
with favor the proposed consolidation
with the Columbia and Augusta Railroad
Company; and that committee be ap-
pointed to arrange with like committee
from the other company the terms of
consolidation, to he submitted for ratifi-
cation or rejection to meetings of the
two companies, to be called in pursuance
of the Acts Of the Legislatures of Geor
gin, North Carolina and South Carolina,
authorizing the consolidation"
And it was further resolved at the
same time, that the committee should
consist of six-three to be appointed by
the Board of Directors, and three by the
stockholders then in session. Under
this authority, your committee was ap-
pointed as the representatives of this
| company, to meet similar committee
on the part of the Columbia and Anpusta