The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-10-10
Annual Meeting OF the stockholders
OF the e Il. IL 4. RAilT cad.
Omcial Proceedings.
OFFICE OF THE E., II. IN. R. R. Co, /
Ir-~rrpGnrv Nv Opf e 1870.

published In the newspapers, the |
Stockholders Of the Evansville, Hen |
derson & Nashville Railroad Compa
ny, met IN annual meeting, IN the |
Court House, In Henderson, Ken
tGcky, on this, the sixth day Of Octo
Der, 1870.
On motion of Gen. j. T. Boyle. the
meeting was organized by the nomi
nation and election of Hon. VIM.
Bradley, of Hopkins County, as
Chairman.
On motion of Col. E. G. Sebree, of
Todd County, Phelps Sasseen was
elected Secretary of the Stockhold-
ers' meeting.
On motion of II. B. Hanson, Esq,
of New York, the lisE of Stockholders
was called, to ascertain the number
of shares present. and there was found
TO be present, in person and by proxy,
1854 shares; absent, or not voting,
3,242 shares. Total number of shares,
1886.
After tho organization Of the Stock
holders meeting. Gen. j. 7. Boyle,
President of the E.. III. & N. Railroad
Company, on behalf of the Board of
Directors, made the following annual
report to the Stockholders:
PRESIDENTS REPORT.
OFF.CE OF THE E., II. & n. RAILROAD,
uENDkRsoN, KY, Oct. 8. 1870.
To the Stockholders of the E., Fl. & n.
Railroad Company:
After repeated unsuccessful efforts
to secure from the counties and cities
on the line of your road the necces-
sary aid to insure Its completion, it
was deemed proper to convene the
Stockholders IN a general meeting,
and submit to them the condition of
the Company, and leave it to them to
devise means for the completion of
the road. Accordingly, a meeting of
Stockholders was called and held in
the City of Henderson, On the 24th
of June, 1869.
At this meeting plan to insure the
completion of the road, and which
was finally adopted, was suggested,
but it was deemed best then to make
another effort to obtain the requisite
aid to complete the road, from the
counties and cities interested in It's
completion. By the direction of this
meeting of Stockholders the question
of making additional subscriptions to
| the stock Of the Company by the sew
oral counties on the line of the road,
was submitted to the vote OF the
people of the respective counties at
the August election, 1869, and the
proposition was voted against by large
and decisive majorities.
In the event of the counties voting
against this proposition at the August
election Of 1869, the Stockholders d.
rested that the President of the Com
pany should convene the Stockholders
in meeting, at Madisonville, SO soon
as the result of the election should be
ascertaine1. In pursuance Of this
order of the Stockholders, they were
| called to meet, anddid meet. at Madi-
sonville, on the 18th day of August,
1869 At this meeting there was an un-
usually large attendance and repre-
sentation of Stockholders there being
present and represented IL, LOG shares,
out of IA ,536 shares of capital stock.
This meeting of Stockholders, of
the 18th of August, 1869, so largely
attended, and in which nearly all the
stock was represented, adopted the
following resolution:
"ResolUed, By the Stockholders of
the Evansville, Henderson & Nash
Vile Railroad, in meeting assembled,
| That the President and Directors of
this Company be, and they are hereby,
] requested. authorized and directed to
take all such steps as they deem
necessary to secure the payment of
the debts of the Company and the
completion and equipment of the
r ii. & N. Railroad at the earliest
practicable period; and to effect this
object they are authorized to use the
mortgage bonds of the Company, the
bonds of Evansville. and the pre-
ferred guaranteed seven per cent.
stock Of the Company, securing to the
parties wao will take the stock and
bonds of the Company a controlling
majority of the Board of Directors,
If necessary. and the President and
Directors are instructed to make
the best contract they can, and do
what they deem, under the circum-
stances. for the best interest Of the
Stockholders of the Company.
This resolution was adopted with
almost unanimity, fourteen thousand
and six shares being for it, AID one
hundred being against it.
After the Stockholders passed the
above resolution, the Board Of Di-
rectors adopted the following resolu
ton:
"Resolued, That the President Of the
Company be and he is authorized to
ascertain parties and make negotiations
for the building of the road on such
terms as he deems most to the inter.
est of the Company, and report the
same to the Board of Directors at a
meeting to be called by him."
Under these resolutions, l made
earnest and urgent efforts to induce
parties on the line of the road to en-
ter into a contract, the same as was
afterwards made, to complete the
road, hut was unable to make such q
contract, after days consumed IN ne
gotiations with parties having means,
and very DESTROYS to have the road
completed.
Failing here, with no other a1terna.
tive left, l presented the subject tc
different parties IN the East, and af
ter its rejection by some of them.
entered into negotiations with H. B
Hanson, of the State Of New York
and finally agreed on the contract
subject to its approval by the Board
of Directors. The contract with II
B. Hanson, under which the road i;
now being built aud nearly comnleted
was reported to the Board of Direct
: ors on the 9th of October, 1869. and
approved and ratified by the BOARD
aud ordered to be executed, and was
executed on the 9th of October, 1869
On the next day, the 7th of Octo
Der. 1869, the contract with Il. B
Hanson was reported to the Annua
. Meeting of Stockholders, and tht
Stockholders confirmed the same BY
the following resolution:
"Reso7ved, That this meeting o.
Stockholders approve of the contrao
made by the Board of Directors an(