Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1871-03-31
Meeting of Subscribers 60 the - fii"ingf"n
md UnsiosT Railroad.

Meeting of Subscribers TO the Wilmington
md Unsio.~ Railroad.
( Under Tie call Of the Chairman Of the
Corporators OF the Wilmington and On
slow Railroad Company, the subscribers to
the capitaI plock met at the Commertial
Exchange, in the city Of Wilmington,
March %, 1871.
| On motion of Col. Hobert IL Coaan,
| Col. John MacRae was elected Chairman,
and G. :. Ellis. Secretary.
| Cant. d. H. Murchleon, with the oecie
tarY, were appointed to ASCERTAIN the
amount Of stock repres ented, and reported
1850 shares present in person and by
proxy. This being q majority of all the
CAPITAL stock, the Chairman declared the
meeting organized for business.
Col. Robert II. Cowan. Chairman OF the
Corporators, submitted the following re
Iport, which was received
COL. CowAN's REPORT.
To The Subscribers TO tie C1pla! Stock If tie
| Ulbntnqtols and CnSIptC Il. IL. u.
GENTLEMEN ON the nth day of februsrs
last, we caused to be advertiZad in two Of the
newspapers OF Wilmington, aLd to be posted ~
Iconyenlent points in the counties or New h,.n-
over and Dreiow. The following
NOTICE.
Books OF sub :cription 10 the Capital stock OIL
the Whining ton 4 OHslow Rail, oad Company will
be opened On Mo lday, the Is h instant, at The
following places. and under the direction OF the
following persons
At Wilmington un9cr the direct on OF VIM /"
DeRosset, (. w. KerchGcr, joe. A. Engeihar-
At Scott's dill and SlOop Point, under the dl
rection of Dugsld MoNiIian, Robert X. Bryan, Il
At Jacksonville. onsow county, under the d:
rection OF E W. Ward, &. j. Ward, J. G- Scott
Q At New River, under ;he direction OF Georg'
N. Ernet, john j. YopP, Daniel Henderson
At Richards, under the direction of j. N
Wooten, c. Stevens, D. e. sand6n.
y Aud viii remain open for thirty days,
Signed. RoB'T II. CowAH,
, Chm'n Corporators.
! Wilmington. X. O, teo. 11th, ls7l.
O oommu uic alton from Col VIM. l. DeRosset
. Ohaitman of the Commissioners of the Town {
= "''''' WILMINGTON, N. O., March 81, 1871
CT Robt II. C0todn, Chairman Of CorI2TGtoT
! of Wilmington and OnSloto hdA'OG4 Com
pdny, Wilmington, N T.:
| DEAR SIR Il have the pleasure to Inform yo
that one hundred thousand dollars have bee1
subscribed to the capital stock Of the WiminGto
q and Onslow Railroad Company, ard five pc
t lcentum OF ssme paid IN Cash. Is provided by III
charter.
= + enclose certificate of deposit Of the Fire
National Bank OF this city for i've Thousand dol
. lars, 10 the credit of the Treasurer OF the Will
minRton and Onslow kaiiroad Company
q Very respectfully.
y Your obedient selvant.
y VIM. l.. DEEossEr,
. Chairman OF commissioners To open Books o
: subscription IN Wilmington, No
q Subsequent to the receipt or this oCmlnu1ica
tioD and prior to the closing of the books on the
q 18th day of March. seventy shares additions
. we're su; scribed for, and FIVE per cent. of tli
= amount OF subscri ion wac paid III thus making
q the whole number of shares subscribed two
q thousand and seventy, snd the total amount oil
A stock paid In five thousand one hundred and
, iseventy-tiVs dollars.
. The seventh eeotioa Of the charter of the
> Company makes it the dry Of the o~rpOI atcTi
q " herein named, so soon as the eQm OF che hun
. dred thousand dollars sha have been s4bscrb
| to the capital stock of said corporation and tive
per cont. of said ain )nnt saat be paid as here
inbefore required, to Cal! d general meeting OF
the subscribers to said capital stock, TO he held
a in the city of Wilmington. a:.d OF the tm3 an,
place OF said meeting twenty daye' notice shsi
be given in two or moro Of the Il lily newspaper
. published in said city "
Immediately, therefore. upon the receipt d HI
t communication from Col. Dekosset, with the Ger
tiicate of deposit fer five thousand coIiar
($5, OOO), issued the following cal for thu
g general meeting or the subscribers. now as
sembled:
Notice.
Cne hundred thousand dollars having beer
Q subscribed 20 the capital stock of the Whining
ton aud cnslow RallIQ ad Company. and five pei
cent: of the said subscription having been pait
a lin, in accordance with the provisions of HI
charter. notice is hereby given that genera
meeting OF the said subscribers will he held il
8 the city of Wilmington on Saturday, the 25th dav
of March 1871, for The purpose of organizing thu
said Company.
(sigDed) RoB'r q. CowAH.
q Chairman, &c.
| Having thus discharged our duty uuder the
, charter, we haveinow only to say that pre-
pared to surrender our trust to those whom you
may designate to receive it. We congratulate
g you on the prompt and liberal response made Il
the call for subscription to your capital stock
and we express the earnest hope that it will fore
shadow the early and complete success OF you
enterprise.
Respectfully submitted. by order of the OoTpo
rators RoB'T III. OowAN, Chairman.
Wilmington, =. O., March 18th, 1871.
On motion of Mr.. F. W. Kerchner, the
number OF Directors was 6xod at sever
I'D
, The Chair having. announced that thu
election of Directors was in order, the fol
lowing gentlemen were nominated, and oil
. ballot were declared elected for the ensu
ing year
"m MacfSae. Z, U4
T. ". Kerchner .........2,O Oh
VIM. A. Walker. .2,O4
10. ". MGClammy. .2,O4
E. W. Ward. ,O4C
d. r. Murchison. 2,O4
ISCl. haas. ................. ,O3
Col. Cowan offered the following reso
luton which was adopted
RESOLVED. That the President snd Directors be
Ian Atnxx AAo 4kwxs Nok~ AkA4 30