Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-07-29
RAILROAD DIRECTORS.

CUAaAtAAboAtAaCAN
Resolutions. Protests, etc
When the Directors re-assembled at -
o'clock yesterday morning, on motion oil
DR.. Menees, the report of the committee
appointed at ihe stockholders meeting on
the 18th of June WIS read. n.
On motion of Col e. s. Cheatham, the
report wss adopted. Messrs. Galbreath,
Saddler and Kinney, State Directors
present, declined to vote as to the adop
ton of the report, not believing that they
had the right TO do 50.
The following is a copy of the report:
To the President and Directors of the Edgeneld
and Kentucky Railroad Company:
At meeting of the stockholders Of said
COMPANY, held st the Courthouse in the
city Of Nashville on the 18th day of June,
1871, amongst other proceedings Of said
meeting was the following, to-wit:
sit Is further egreed that - are
hereby appointed our agents TO select
proper corporate name for said compsny,
to employ counsel to obtain said charter,
and to settle tho details of the special pow
ers to be asked for in said charter; and
Afterwards to-wit On tho 22i day of Juue
1871. at a meeting OF the Board of Direc-
tors of the Edgefeld and Kentucky Rail
road Company, it appeared that the blank
in said proceedings of the stockholders
nesting had not been filed with the names
Of persons to act IS agents or as commit
tee to carry out the wishes ard directions
of the stockholders, the said Board Of Di-
rectors thereupon passed the following
resolution:
Resolved, That GEO. A. Washington,
President of said company, confer with A.
w. johnson, chairman Of said stockhold-
crs' meeting Ia reference to The appoint
ment Of - agents TO carry out the order
Of the stockholders at their meeting on the
l2th day Of June, 1871" The conference
referred to being held between the parties
referred TO in he foregoing, when the
chairman, A. w. johnson, appointed the
undersigned 70 carry out said order, ETC.,
and Afterwards tO-Eit: on the 18th day OF
July, 1871, at meeting of your Board in
connection with the Railroad Commission
ers Of the County Of Davidson, it appeared
that 10 direction was given as to whom
said committee should report, and upon
motion of one of the Railroad Commission
ers it was ordered by the Board that We
should report to the t>oasd Of the E1gefeld
and Kentucky Railroad Company.
Nov VIC, the undersigned, in pursuance
of said orders, beg leave most respectfully
to submit the following Tepor':
In the selection Of proper and suitable
ccsg0rate name for The new company or
organization, We respectfully suggest the
rane of The Nashville ard Kentucky
Rsilread Company." As to the duty ic-
posed 7pon az 70 employ counsel to OBJ
tain tia charter for said company, and to
grtfIe The details of special powers &c be
= I-sd for IL said charter, we state that
We have with great care and thorough in
vsstipation. examined tbs original chatter
Of tie Edgefield and Kentucky RailroI ID
COMPANY. with the various amendments
t ereto. passed by the Legislature ct Its
different sessions, including an oct passed
Dec Is. 1850, entitled 'Au Act 20 amend
tie charter of the Edgefaid AID Kentucky
Rulroad Company" chapter T." Also
Ifh section OF eu sct passed Nov. II, 1865,
cEhpter y: also tie act OF Jan L, 1852, SO
Ear AS the same may be applicable TO sad
company: and ESQ tbs act PASSED nov.
X 1s53 chap er 326, entitled An Act to
amend be charter of the Edgedeld and
Ksa lucky Railroad Company, all OF which
amendments we're unanimously adopted
Ey he stockholders ~ their meeting on
the 10Th June. 1871, as viii more fully Gp-
near by reference TO the proceedings Of
said meet ipg. as g part Of said charter; aud
your COMMITTEE Is fully persuaded that said
charter "a preferable TO any new charter
tba. can hs o5.8iaed from the Cha1cery
Conf: that Il contains 81 the details and
,pecial I)5weTg that are necessary, or at |
do ;ygb'e tor tins successful operation OF
said ro.d, while Il vontsins soma spsclel
privileges that no otter railroad charter in
he State contains, and such Is the Chan
c9rv Count cannot grant under the gene. oil
laws governing its jurisdiction IN such
cass=. Nc therefore mos, respectfully but
caruestiY u-gc the adoption OF the Old
chatter aLa smss dmelts iherego
Z speciIuily submitted,
q. A WASHINGTON,
THos MENEEs
10 y. STARK,
JOHN H. Dunn
July q, 1871.
MIR. DavidsaC, IS a Railroad Commits
sioner from Davidson county stated that
The Coniuissi5 era we're opposed to the
shove rrsGllbis and resolution, and 6esir-
cd 90 eutss their p otsst against their
Adoption.
Oh Cleatha1u addressed the Board at
leruh IL support Of the measure intro
duced by himself, and in the course of his
remark avowed that the Directory had no
iatenti D or purpose that was inimicai to
ihe re 1p,o # Dsvid scr c1u ty, or the In
teres. a the County i tie Railroad
Mr.. n Hobson thought the increased
stock Dvopo &c vas important TO the sue
cess of Tho Cntarpvi1e and therefore, hoped
inc preamble aud resolution would be
adopted
J1dge James whitrorth, by consent
oldr, sSed thu Botrd ta&jngground against
lie pro- oSed iEcrease # c"Ptai stock sud
Insisting hat 'ae present dreo52ry had 10
sncb riohs. He desired tc see The prop
rr,v purchased, aad was willing 10 see 1t
5oi,e BIZ the present President Of the
Board Of Dir, c-ois. l. was his opinion
tbat OoI Washington desired only to do
Whit was right and proper ia 'he prem
ises. Judga WLitworih also insisted Il a.
the Company had no more need 81 new
,berter ihsn it had tor new road. He
ADMITTED the following agreement as
basis Of purchase and settlement and fullS
explai2ed the meaning and bearing OF III
several proyisio2s
A preamble end resolutions offered by
Col. z. 5 Che 'ba'n, IN Tespec' 10 tht
new OTgOnE Do' AEI LIZ ttSASocOu OWN
oocasioned considerable discussion, bot IL
definite result was reached
WHEREAS, BY the terms of the decree
-.paer,a ~ the Cbancery Cours st n Ssh
-Ea. IN the case Ct the State of Tennessee
v. the Elgsie!d and Kentucky Railro az
Colnpan-, The ssid company have slxt.
DAYS from the ID day of June, 1871, til
exclusive RI. h to purchase, at sum Ii
said decree specified, the debt Of the STATE
e i,snr,:g,ce -gsinst said company, Will
I'll RIGHT ol iieu upon said railroad and IN
franchises aud various properties of sal;
oomugpv aog held by The State Of Tonne
zee; ana,
yb,r IS BIZ the terms of said decree i
!, p-ovids d that if the said L igehe d an
Kentucky Railroad Company shonld, IN II
coruo-ato capacity, decline or fail TO max
said uurchcse within the time stipulated
tho Tor thirty days hfter the e1plfatio
tb. REQ. the like exclusive right OF pur
che sho1ld be exieadea tn the stocb
holders of 8 10 cucl any, iDciGdng IN
covuly # Davidson aud TO such person
- ssi1 company and other stockhoidef
Desiring B" make tho purchase snail ch"os
30 associate with them; and
WHERrss, IN u meeting of the stool
}ol ,els q 'ie L geheld aid kentuck
i;ilirusd Company tRllei to ooasider th