The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-04-12
TILE BLUE RIDGE r. R. coMPANY.
Adjourned Meeting.

the Mayors Office at O'Clock P. NJ, and ma
3ority OF the stock being represented, the meet
ing was called to order-the Mayor in the chair.
Mr.. Trenholm, chairman OF the committee
appointed to take into consideration the reports
of the President, Chief Engineer and Superin-
tendent, submitted the following report and
resolutions, which we're unanimously adopted.
MIR. Scott moved that when this meeting ad-
journs it adjourns to meet on day to be ap-
pointed by the President, on receiving from the
Chief Engineer the reports and estimates now
being prepared by him.
The meeting then adjourned.
w. H. u. GA1LLARD, Secretary. i
Report OF the committee.
The committee to whom was referred the
three several reports made to the stockholders
by the President, the Chief Engineer and the
Superintendent, ask leave to submit the follow
they have given these important documents
the most attentive and earnest consideration,
and they cordially recommend the accept snce
also the Immediate publication thereof as the
best means Of drawing public attention through
out the United States to this important enter
prise. 1t will be seen by thess reports that the
unfinished work hitherto done upon the line of
road is in an excellent state Of preservation,
having been originally most faithfully done,
and having suffered but little injury from the
it plain that the work already done, having
cost three millions and half dollars in coin,
and being now in good state OF preserve
tdon, constitutes. when united to the cost of
completion, an undoubted security under
the mortgage, for the bonds to be now is,
aued, limited in amount as they will be to
thisIindependently of the State guarantee. In
these circumstances, and the bonds having in
addition the Endorsement and guarantee of the
State, your committee are OF opinion that no
further time should be lost, and that bids
should at once be invited by public advertise
1nent for the construction and completion of
the entire line of road from Walhalla to Knox-
,xille, 80 as to bring every part Of this State
INTO early and direct communication by rail-
foad with all the great cities Of the Western
valley. 9l-.
out to the stockholders the energy and zeal
displaye by President Harrison and Chief En-
gineer Low, in the services of the company,
and the very clear and satisfactory character
Of the reports submitted by them; and to ex-
press to those officers, on behalf of the stock
holders, the sense that is entertained of their
services.
In relation to those matters upon which the
stockholders are expected to instruct these Off
GERS and the Board of Directors, the committee
have, for brevity, embraced their views in the
form OF resolutions, as hereto appended. and
which they respe ,tfully submit as q part of their
report, and recommend to the adoption Of the
as the roofing Of the bridges with metal, they
propose to leave to the care Of the President
and Board Of Directors, All OF which is re-
spectfualy submitted as the report Of this COM
mittee. IA. TRENHOLM, Chairman.
City Hall, Charleston, April 8, 1859.
Resolutions.
Resolued, That the President and Directors
be and they are hereby authorized and direct
ed to take the necessary measures to prepare
and execute the bonds, securing the same by .
franchises OF the road, in the several States of
South Carolina, Georgia, North Carolina and
Tennessee but excepting from the operation
the property pro in shat State, to secure the advsn-
ces to be made by the said State, as provided
by law. anW s-i
. Adopted. ta4a .!f.. w. ta 4
Resolved, That the President and Directors
be and they are hereby authorize and required
to advertise for bids to build the entire road.
nom Walhalla to Knoxville, payment to be
State of South ;CaroIpas and to enter into con-
tracts for the accomplishment OF the work.
Resesued, That it be left to the discretion Of
the board when to terminate the lease to the
Greenyille Railroad Company, but that they be
and are hereby instructed to require If said
company that they commence at once and COM
plete as speedily as possible the necessary re-
pairs to the road, s,.,+
Adopted.
Resolued, That committee Of three stock
holders be appointed TO prepare and report at the
next general meeting of stockholders a body Of
bylaws for the government OF the corporation,
and that they consider and report upon the ex-
pediency Of giving the holders OF mortgage
bonds Of the company representation in the
Board OF Directors.
Adopted. .
Raso'ued, That the President and Board or
Directors be and they are hereby empowered,
at their discretion, to appoint an executive
committee, consisting OF not fewer than three
members Of the board, and to delegate to them
the power to carry into effect 80 much Of the
foregoing resolutions as they may deem proper,
subject always to the ratification Of the board.
Adopted.
Resolved. That the Board Of Directors be
and they are hereby authorized to 68 the COM
pensation of the President and Superintendent
OF the company. and to make the necessary ar
rangenaents to pay the arrear of the same for
the ldsstwo years. 81 ta
Adopted. 'ys I1s3
.Fan ReNoxf >013 the' Fsrssiaent.
~ 6e aocEatdsdery 4y thS Btss Ridge Ras.roaa