The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1869-01-07

:, The stockholders of tho Blue Ridg,
Railroad met in Charleston on Friday
December 18th, 1868. On motion, Gov
r. X. Scott was called to the Chair, ant
VIII. D. Gaillard, Esq, requested to ac'
asSecretary.
A majority of the stock being repre-
,sonted, the Convention proceeded to bus
iness, when the reports of the President
and Superintendent were submitted. On
motion, the said reports we're referred tc
a committee ef FIVE, consisting of Gov
R.7K. Scott, Hon. J. L. Orr, Mayor G
w. Clark and Ex.Gov. VIM. Aiken. The
Convention then adjourned.
aci's e SECOND DAY.
The stockholders met pursuant to ad-
iournmcnt on Saturday ,>l9th of Dscem-
ber..
The Committee tc whom was referred
tho reports of the President and Super
intendent, submitted the following report (:
The Committee, having carefully con-
sideredCthe matters embraced in the report
referred to, do recommend that the report
sbe accepted and approved by the stock
holders, as faithful exposition of the
merits and prospects of the great work:
in the construction of which the company
Iisi engaged
They also recommend the adoption of
tire following resolutions, in relation to
the several matters embraced in the re-
port. on which the action of this meeting
appears to be necessary or proper.
aTouching so much of the report as re-
sates TO the death Of the Hon. Edward
Frost yonr Committee ask leave to sub
.ssiitia separate report.
" \, II. X. SCOTT, Chm'n.
Charleston, Dee. 10, 1868.
RESOLUTIONS RECOMMENDED BY THE COM
M1TrEE OF STOCKHOLDERS IN THEIR RE-
PORT OF DECEMBER 10, 1868.
-, -, i. Rssolusd, That the Act of the Leg.
islaturs passed the 18th day of Scptem
ber,slS6S, giving additional aid TO this
Company, and making also, several alter
:ltions in the charter, be, and tho same is
hereby, accepted by the stockholders.
2. That the stockholders approve the
determination of the Board OF Directors
toalaye 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.
-,,3. That the stockholders concur in the
,ocom M eudation to memorlalizc Congress
and Invoke their aid in the construction
of the, road; and THAI committee of five
abc ap;,o;ated 10 carry this resolution into
effect, andzthat tho Board Of Directors be
Itfiorized and instructed to cooperate
+, with said committee.
~ 4. That the expediency OF an appeal to
the City of Charleston Tor 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 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 advertise
ment. That bidders shall be required to
state the prices at which the work will
be done, on -each of the following differ.
ent terms, namely:
,.A1st. Payment to be made by the Com
pany in cash.
ID. Payment TO be made one-half in
cash, and one-half in the bonds Of the
Company, guaranteed by the State.
Sd. One-half in cash, one-fourtk in
bonds as aforesaid, and one-fourth in stock
of the Company.
4th. One-half in cash and one.half in
the stock of the Company.
5tli. That the Directors bo authorized
and directed to call for the payment OF
the remaining instalments on the sub
scriptions to the capital stock OF the
.Eompany That ninety days notice be
Y,iven for the first instalment, and such
notice for the others rs may be required
2by the charter, or if not 30 required, as
NAV 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 tho Company, and the forfeit
tnre enforced.
The resolutions were, Oh motion, unan-
imously adopted.
On motion, it was also resolved that
the blank in the resolutions providing for
the appointment of Committee to me-
morialMe Congress for aid, be filed with
the number Ave, and that the Chairman
of the meeting be authorized to appoint
the Committee at his leisure.
Tho Committee then submitted the
following additional report:
The Committee of the Stockholders of
the Blue Ridge Railroad Company ap-
pointed to consider the report OF the
President and Directors to the Stock