Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1870-11-24

Jas, Barbour did not see the necessity ior
giving away share Ct stock to The OLD SUD-
scribers, and thought that il The object was 10
mako the road popular every bo5y nan DcCeE
be given a share.
John II. Lee, OF Orange, desired to knoW the
original action in reference to the SUBJECT
B. G. Marshall explained what had been
dana 81 the meeting at which the transfer OF
the road had been made, when al! stockholders
having five shares we're allowed one snare III
the new COMPANY, and those owning less -lhau
five had been dropped altogether.
Mr.. Willis thought that all the stockholders
ouoht to know the action OF the meeting re-
ferred to by Mr.. Marshall. ,-,:
The question vas hen taken on the sucSll-
tutc, and ii vas adopted.
Jas. Barbour. from tie COMMITTEE on tnc
By Laws made the following report:
That the tenth Bylaw oe 80 aHcnucd 'hal
it shall read as follows:
1.-The number Of Directors CT this company
shall be twelve, Of whom eight shall &c elected
by the private stock holders, the other four ap
pointed by the Board Of Public Works on the
part of the State.
The Goth Bylaw shall be 50 amended that
it shall read as follows:
1.-The Directors OF his company shal De 81
lowed their actual expenses Incurred while al,
tending to tho business ct the company, and
no o!neI ply Va eo M ';;rccron ~ the Board
sh be allowed them"
D. L. Smoo! thought that by the adoption
Of the proposed amendments there would &c TOO
treat dispropor;ion between the State and
stockholders directors, aad objected to the In
crease proposed.
Jas. Barbour read ti! law the subject
shaving that The Stale va; entitled 20 one
third and the stockholders 10 two thirds III The
directory according II the proportion % s'ocS
held by each.
Thos Whitehead explained the proportion
Of the Directors, ana mace quite : h'lnoi''
speech in rely 10 Mr. Smoot's objection.
NJ Smont renrd, f,D,dlus 10 his original
;dca
- " R)ack,cra cyDlainal the interest o
rho Set. and uriy.ts stockholders, end said
that The proposed chang: did NOT give III"
Stockholders their u,l PROPORTION.
G. D Gray though; that il order 10 make
| !, a legal Board tic .Iopustd amendments
should be adopted.
&. S. Neon opposed the change.
r. Whitehead saIii th"t the stale naS'nR
! Insisted upon more lhan hcr Rights me otGck
holders NH have i.s,.s, and that 10 these
I,r. vhnn rrhra y.ra ,circe he was ior get
49, 49," al
| C,n .Ircm nropos,..i that tbs St0ckn0I'icis
c,ccf I'll ,wrlye directors.
Mr. GRAY said !hat Ii. 'daTH WORM E''
Their 10 !cga! oy".
| Cen Mclm sail Iii: was "a advantage
taken hy the S.o.sho,,.r:
'"S W = ,la:.ry i,,,.rl tie amendments, on
tho orn,,nd ,,,;,t ,,:. ,,iyate stock holders
shouJ have H.. .,.u. iisa,s as t;.c Stale. lie
I'D a cunpIiuc,, TO tie :,r.Seut il! :uagelncnt
~ the rand AID r.u:icd very witt ) 10 some st
C.n uDcn's rpn.:rn;. viiyi.i;:y Il good deal II
o. rI.rso
9pW,I ~ e.. ,b,u.i,. thu, 10 other Board than
~, a. o,ro no.oJ ns "a, uropostL by the amend
49, tII nrii Ia IanaI
| The debate wss cJntaued by I. ii. Latham
and Tbos Wkitshcad, when Stakeholder
susges 1 .na.
M1 uli, ,,,,. ,.Is,, ~, ,h.. 1ct amend
| The vote WIS thci TAX y Oh III" ! - SH'' Ht