Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1870-09-06
VALLEY Railroad Meeting.


office of the Company in Staunton, on Tuesday,
August 3Oth, 1870, at ii A. M.
On motion of Col. B. Christian, Col. j. ].
Anderson, of Botetourt, was called to the chair
and Mai Jed Hotchkiss Of Staunton, appoint
ed Secretary of the meeting. -.
Col. M. G. Hartman submitted his report as
President of the Company, showing its present
condition &c., and stating that he declined
re- election, and desired the election of Gen. r.
E. Lee to the Presidency OF the Board.
On motion, Col. Harman's Report was re-
ceived - % AA IS Az ~ 4.
On motion of Col. Christian, the chair was
directed to appoint committee of three stock.
holders, to examine the credentials Of proxies
and report the shares of stock represented in
the meeting. Col Christian asked to be ex-
cused from serving on the Committee. The
chair appointed Col. j. B. Baldwin, Col. j. W.
Massie and Maj. j. B. Dorman. o9 -
COL Baldwin, chairman of Committee on
proxies, &C., reported that there were present,
proxies representing 1000 shares of stock, OF
the city of Staunton; proxies representing
1000 shares of stock OF the county OF Bote..
tourt; proxies representing 1000 shares Of
| stock of the county of Rockbridge, and some
Sc shares of stock are represented by stockhold-
| ers. The report of the Committee was re-
ceived and the Committee discharged. On
motion of COL NJ. G.. Hartman, Gen. 4. b. Lee
was unanimously elected President OF the Val
| ley Railroad Company. 91ai m.I. =
| On motion of Col. Christian, the chair ap-
| pointed committee of five to prepare and re-
port code of bylaws for the government OF
the Directory of the Company Col. Christian
asked that MIR. Tams be named as chairman OF
the Committee the chair named Messrs w.
| FL. Tams, NJ. II. Efinger, Geo. E. Price, Maj
j. B. Dorman and Judge T. D. Houston as
the Committee. a.4ef a.e I
On motion of COL Christian, the chair APP
pointed Coonels Christian, Allan, Pendleton,
BALDWIN and Patton, Committee TO wait on
Gen. Lee and inform him of his election to the
Presidency of the Valley R. R.
On motion of Col. Baldwin, the chair ap-
pointed Committee, consisting Of Colonies }.
B. Baldwin, NJ. G.. Hartman, B. Christian, j..
! w. Massie VIM. Allan and Edmond Pendle-
ton and Judge Ell. w. Shefey to consider and
report business for the meeting, especially the
organization and number OF Board of Directors.
Mr. Tams, chairman of the Committee on
| bylaws, made report in writing, which, on
motion of Gen. Echols, was received and laid
upon the table.
On motion the meeting adjourned to 2 P. NJ.
The meeting re-assembled at the appointed
hour. tlstl rroR eaa
| Col. Baldwin, chairman of the Committee on
Directory, &c, reported as follows, viz:
The Committee respectfully recommend that
the accompanying resolutions be adopted by
the stockholders and that eight Directors be
chosen, four from Rockbridge, taco from Bote-
tourt and tUo from Staunton, and In any IN
crease of the number Of Directors the new mem
bers shall be selected with view to present in
due proportion the new stock hereafter to be
subscribed by cities, counties or others.
Res0lred. l. That Board of Directors be
now selected TO consist Of eight members, In
addition to the President.
2. That until otherwise ordered by the stock
holders In general meeting, the Board OF Dlrec-
tors shall have plenary power to do IN the Or
ganization and government of the company,
whatever the stockholders themselves might
lawfully do in general meeting. .gaodra
/ 8. That the plenary power hereby conferred
shall be construed to include the right to In
crease the number of irectors and to fill all
vacancies by selections to be made upon the
nomination of the Pres dent, SO as to give fair
representation to all interests concerned, and
also to prescribe what number shall, for any
/ purpose, constitute quorum OF their body.
Judge Houston offered an amendment
THAT the number Of Directors be increased to
| 10, so as to give Baltimore and the b u U. Il.
R. Is, Roanoke 8. Botetourt 8, Stanton 2,
and Rockbridge 5.
Judge Houston advocated, and COL Baldwin,
Col. Pendleton and Mai. Dorman opposed the
amendment. Judge Houston called for scale
vote, which being ordered, the amendment was
defeated by large majority and the preamble
and resolution as reported were adopted.
The election of Directors, on motion, then
took place. j IN Sod 19d 81
Col. Massie, of Rock bridge, nominated Col.
VIM. Allan, Col. VIM. T. Poague, JAS E. A.
Gibbs and j. T. Patton as Directors on the part
OF Rock bridge county, and, on motion, they
were unanimously elected. Ja5iEg g..
IL D,,1 of rnoto al
NJ G. Hartman and Capt w. A. Burke as Di-
rectors on the part of the City Of Staunton,
aud, on motion, they were unanimously elected:
| Col T. Anderson, of Botetourt, nominated
Col Edmond Pendleton and Judge t. D. Hous-
ton as Directors on the part OF Botetourr
county, and on motion, they were 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 Direc-
tors n
! Judge Houston offered resolution, from
the supervisors of Botetourt county, as follows
| ResolUed, That in locating the Valley Rail
road through the county of Botetourt, the
Corps of Engineers be instructed by the Direc-
tory to make careful examination OF the to-
biography of the county with view of ascer-
tanning the practicability Of making Fincaste
point on said route and if Corps should find
such route practicable, but prefer another on
account of advantages In grade and distance,
that then it be required to report to the Dlrec-
tory the difference in grade and distance be-
tween the two routes. +aal efeiaTf v .
On motion the resolution was adopted.
COL Christian, chairman of the Committee
to inform Gen. Lee of his election to the Pres
idency, reported that they had discharged that
duty aud that Gen. Lee accepted the Presi-
dency.
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: srt
! Whereas, The stock holders of the Valley
Railroad Company feel deeply grateful to Col
NJ G. Hartman for the earnest zeal and energy
which he has displayed in behalf of the inter
ests of said Company whilst acting as its Pres
ident, and whereas, it is due to services so faith
full that there should be some suitable acknowl-
edgment OF the therefore, Resolved /:
that the thanks Of said Company are hereby
rendered to Col. Hartman, and as a further tes-
timonial 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 are hereby presented to the late
| President of the Company Col NJ. g. Har-
| man.
Col Massie, in behalf of the county of Rock
and resolution, and Judge Houston seconded
| the motion They were unanimously adopted
On motion of Judge Houston, the blank was
filed with thirty shares, aud the resolution &c
ordered to be spread upon the record. Col.
Hartman returned thanks and pledged his con-
tinual efforts and means in behalf OF the Road
| Mai. Shumate stated to the meeting the par