The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1870-09-01
Mr.. Tams, chairman of the committee on by

Mr.. Tams, chairman of the committee by
laws, made report in writing, WHICH, on motion
of Gen. Echols was received and laid upon the Ia
Bile.
On mot on the meeting adjourned to 2 P. NJ.
The meeting reassembled at the appointed hour.
Col. Baldwin, chairman of committee Direc-
tory, Sc, reported as follows viz
The committee respectfully recommend that the
accompanying resolutions be adopted by the stock
holders and that eight Directors be chosen,
four from Rockbridge teco from Botetourt and taoo
fron Staunton, and that in any increase of the
number of Directors the members shall be Sc
lected with view to represent in due proportion
the stock hereafter to be subscribed by cities;
counties or others.
Resolued, l. That Board Of Directors be now
selected to consist of eight members, in addition
to the President.
g That until otherwise ordered by the stock
holders in general meeting the Board Of Directors
shall have plenary power to do in the organiza-
ton and government of the company whatever the
stockholders themselves might lawfully in gener-
al meeting.
g. That the plenary power hereby conferred
shall be construed to include the right to increase
the number of Directors and to fill all vacancies
by selections to be made upon the nomination of
the President, so as to give fair representation to
all interests concerned and also to prescribe what
number shall, for any purpose, constitute quo
rum of their body.
Judge Houston offered an amendment: ssThat the
number of Directors be increased to 10, so as to
give Baltimore and the ,. & Q. R. r. l6 Roanoke
8, Boetourt 8. Stanton 2, aad Roekbridge s."
Judge Houston advocated aAd Col. Pendleton,
Col. Baldwin and Maj. Dorman opposed the amend
ment. Judge Houston called for scale vote.
which being ordered, the amendment defea-
ted by large majority and the preamble and res
oluton reported was adopted.
The election of DiractorS on ,nofion then tooly
place.
Col. Massie, of Rockbridge. nominated Col.
VIM. Allan Col. VIM. I. Poague, James E. A.
Gibbs and J. T. Patton as Directors on the part
of Rockbridge county, and on motion, they were
unanimously elected.
George E. Price, of Stanton nominated Col.
NJ. g. Hartman and Capt. W. A. Burke as Direc-
tors on the part of the City of Staunton, and on
motion. they were unanimously elected.
Co. j. T. Anderson, of Botetourt, nominated
Col. Edmond Pendleton and Judge 7. D. Houston
as Directors on the part Of Botetourt county, and
on motion, they unanimously elected.
On motion of Col. Baldwin, the report of the
committee on Bylaws was taken from the table
and referred to the new Board of Directors.
Judge Houston offered resolution, from The
supervisors of Boteteurt County, as follows:
Resolued, That in locating the Valley Rail-
road through the County of Botetourt the Corps
of Engineers be instructed by the Directory to
make q careful examination of the topography of
the county with view of ascertaining the prac-
ticabilty of making Fincastle point on said
route; and if said Corps should find such route
practicable. but prefer another on account of ad
vantages in grade and distance that then it be
required to report to the Directory the difference
in grade and distance between the two routes
On motion the resolution was adopted.
Col Christian, Chairman Of the Committee to
inform Gen. LEE Of his election to the Presiden
,,talfh had
and that General LEE accepted the Presidency
On motion of Col. Christian, it was ordered
that the report of the Committee be received and
spread upon the record.
Col. Massie, after some remarks, offered the
following preamble and resolution.
Whereas, The Stockholders of the Valley Rail
road Company feel deeply grateful to COL NJ. g.
Hartman, for the earnest zeal and energy which
he has displayed in behalf of the interests of
said Company whilst acting as its President, and
whereas, it is due to services faithful that
there should be some suitable acknowledgment of
the same-therefore, Resolved: that the thanks
of said Company are hereby rendered to Colonel
Hartman, and as a further testimonial of the high
appreciation in which his labors in behalf of the
Company are held that - shares of the Stock
Of said Company be, and the same hereby
presented to the late President Of the Company,
Col NJ. G. Hartman. Col. Massie, in behalf of
the County of Rockbridge, moved the adoption of
the preamble and resolution and Judge Houston
seconded the molten. They were unani-
mously adopted. Onmotion of Judge Houston,
the blank was filled with thirty shares and the
resolution, &C., ordered to be spread upon the
record. Colonel Hartman returned thanks and
pledged his continual efforts and means in behalf
Of the road.
Major Shumate stated to the meeting the par=
tal results of the efforts of citizens, along the
western line surveyed from Harrisonhurg to
Staunton, to procure conditional subscriptions.
Col. Hartman moved that the subscriptions re-
ferred to by Major Shumate, when completed be
referred to the Beard of Directors. Adopted.
On motion of Col Hartman, the salary of the
President was fixed at Five Thousand Dollars per
annum. to commence from this date.
On motion Of Gen. Echols, the meeting ad-
journed sine die. JOHN T. ANDERSON,
JED HoTcHKIss, Sec'y. President.