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

s 3. The Board of Directors shall be
elected annually, and continue in Office
until the next annual meeting after their
election, and until q new Board of Di.
rectors are elected and enter,on the du-
tiee OF their Offices, which J'oard shall
elect from its members the President OF
the company. I =.
4, I'm case the day Of annual election
OF Directors should pass without any
election, the Board OF Directors shall
appoint another time and place for such
election, and call general nesting of
the stockholders for that purpose.
B.. The President and eight Directors,
or majority OF the Directors, shall con-
etitute q board to transact the business
9f the company. s
q, The Board of Directors shall fill all
vacancies which may occur in the Board
Of Directors; and the Director so ap.
pointed may serve until the next general
meeting OF the stockholders. f
n. The Board Of Directors shall ap-
point such officers and agents as may be
required for the company, who shall for
1heir services receive such compensation
assthe Board may determine; aud all re-
ceiving and disbursing officers shall give
bond and security for the faithful per-
formance Of their duties in such amount
as the Board may require.
8. The money OF the company not
otherwise disposed of shall be deposited
TO the credit of the company in such bank
or banks as the Board of Directors may
designate; and the money thus deposited
shall be considered in the treasury, and
shall ba drawn only by an order, draft or
check signed by the Treasurer.
9. ALI vouchers, whether for moneys
paid out or received, shall contain on
their face the object FOR which it was
paid, or the source from whence de-
rived. as 30 >4 ..
10. The books and accounts of the
Treasurer shall, at all times, be subject
10 the inspection and examination of the
President, or committee of the compa-
ny, or any member Of the Board Of Di-
rectors.
IL. The Board of Directors may, at
any time when it shall be deemed neces-
sary, call meeting of the stockholders,
and designate the time and place of
meeting; of which due notice shall be
given.
12. No person shall be Director of
this company unless he now owns, in bis
own right, at least twenty-five shares of
stock i'll the company; nor shall be eligi-
BILE as Director mt any future election
Of stock, in his own right, for at least
three months next preceding his cleo
ton, which shall be evidenced by O
transfer of the same on the stock book
of the company.
13. No person shall act as proxy for
any stockholder or stockholders at any
special or general meeting of the stock
holders of this company, unless such
person shall himself be the owner, in his
own right, of at least five shares of stock
in said company for at least three calen-
dar months anterior to the meeting,
which shall be evidenced by transfer of
the same on the stock book of the COM
pany; or unless such proxy is the Off
cial appointee of some corporation own
ing stock in this company.
Col, James Ct. Gibbes offered the fol-
lowing resolution; which was adopted:
Resolped. That the salery of the Presi-
dent of the Charlotte, Columbia and
Augusta Railroad be fixed at $4,000 for
the first year, and at $5, 900 thereafter.
DR.. F. S. Lewie submitted the follow
ing resolution; which was adopted:
Resoloed, That the zeal. skill and un-
untiring devotion to the interests of the
road exhibited by james 0. Moore,
Chief Engineer of the late Columbia and
Augusta Railroad, entitle him to the
thanks OF this company; and the Board
of Directors are requested to exhibit
their gratitude by liberal salary.
W. r. Myers, Esq, moved that o
Committee of Seven be appointed to
nominate suitable persons for Directors
of the company.
The Chair appointed the following on
the committee: W. r. Myers, Chair
man. North Carolina; Mathew White,
Chester; j. H. Cathcart, Fairfield; An
drew Crawford, Richland; DR.. VIM. H.
Tutt, Augusta; Gen. L. M. Law, York;
DIR. B. s. Lewie, Lexington.
Major @. D. Melton submitted the fol-
lowing resolution; which was adopted
by stock vote:
Resoloed, That the consolidated stock
of the Charlotte. Columbia and Augusta
Railroad Company, and all other stock
. u