Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1871-04-28

had been done after the motion to adjourn
was put aud carried, was void and without
any binding force whatever, and that this
was 81 adjourned meeting of Oonven.
ton, legally and properly organized, and
was fully empowered 10 act n tle prem.
ises, and, referring to the fact that his mo-
tives had been questioned, and unfair ale
cations made against him, he thought it
/ proper, in justice to himself and In order
q greater harmony, to resign his position
as chairman. Col. Robertson then left the
chair. On motion of w. S. Higgins,
seconded by r. E. Lasater, he was imme-
diately and unanimously recalled, for
which evidence of their confidence, and
| endorsement of his action, he thanked
the audience and resumed his position and
| announced the Convention ready for bust
| ness. On motion, L. j. Wilson was re-
| quested to act as Secretary. By request
of Col. Matt. Martin, w. S. Higgins gave
an explanation of the conference at Nash
vile, which resulted in the selection of
Gen. B. ]. Hill, G. N. Smart and himself
as Commissioners to purchase the road for
the stockholders, claiming that the decree,
as published in the UNION AED AMERICAN,
of April 8, and entered up in the minutes
of the Ohanoery Court at Nashville,
was not in accordance with the
agreement made between the par
ties, and stating that he was willing-and
be believed every stakeholder present was
willing-to abide by that agreement as
written out and signed by the parties, a
copy of which he produced and read, and
to which the ready assent of the Oonven-
ton was given. he further stated that
great injustice had been done him person.
ally, in the publication in the NeD Era
OF what purported to be the proceedings
had In the Convention at McMInnvilIe, on
the LIST Of April, but which he would re-
frain from noticing at this time, except to
say that he had Comptroller Pennebakers
written statement, that the deposition,
about which so much had been said, was
not sworn to. He then offered the follow
ing resolutions, which were adopted.
Whereas, We have information that a
large amount of stock said to be set up on
the books of the Company is bogus, never
having been subscribed or paid for by the
parties claiming the same; and, whereas,
we also have information that q large
amount of tax receipts, which have been
converted into stock, are in the hands of
the Secretary uncancelled, and which, if
found, might again be converted into
stock; also large amount of certificates
of stock, which have been surrendered and
new certificates issued, in many instances
to other names than those which appear in
the original, which are also liable to be
lost or mislaid and again set up into stock
therefore, be it
Resolved by the stockholders of the Nc
Minnville and Manchester Railroad Com
pany in convention assembled, That j. G.
Akin and Sam Henderson, of Warren coun-
ty, and James Price, of Coffee county, be
appointed committee, whose duty it shall
be to call on the President and Secretary
for the stock-book of the company, and ali
railroad tax receipts and surrendered GER
tificates of stock in their possession, and
also call upon the Secretary of State for
the original list of stockholders on file in
his office, and that said committee be en-
powered and instructed to carefully exam
inc all the evidences of ownership of each
claimant of stock in said Railroad Com
pany, and shall set up the same on the
stock-books of the company to the names
of those they shall fiud entitled thereto le-
gally, either by original subscription or
transfer or by sale or gifI-showing in each
case the respective amounts owned by
each and certify to the correctness of the
same. That then the stockholders on the
list so made out by said committee on the
books of the company shall be prima facie
held and deemed for al purposes the legal
owners thereof, and shall be entitled to
vote his or her stock in person or by proxy
at any regular, annual or called meeting of
the stockholders of said company for Direc-
tors or for any and every other purpose, and
on any question coming up for action at any
stockholders meeting that the President
and Secretary be directed TO issue certii-
Gates of stock in accordance with above
resolution, to all who may call for the
same; aud that said committee, be instruct
ed to either burn or so cancel the surren-
dsred certificates o. stock and railroad
receipts, as that they cannot be again used
as stock.
Resolved further, That said committee
be requested to proceedat once to perform
the duty assigned them, and that any two
of them may act In the absence of the
third. James Price, Esq, then offered
the following: ]
Whereas, q meeting Of the stockholders
of the MchliDnville and Manchester rail
road Company, upon the call Of the PTesi-
dent, was held st the town of McMinnville
on the LIST day of April, 1871;
And whereas, at said meeting various
in reference to the proposed
sale and purchase of said road, were made |
and discussed, but not finally or definitely
acted upon. the meeting having, by vote, |
adjourned to meet at Manchester, with the |
view of securing q general aud full attend |
anee.
And, whereas, since the Albumin mt of |
said stockholders meeting at McMinnville, |
a conference and consultation by Gen. B. |
J. Hill, The President of said company,
and others interested in said questions, |
has been had at Nashville with the attor- |
news and solicitors for the State in said |
Chancery Court proceedings, resulting in |
a written agreement defining and setting |
forth the terms of a proposed decree in |
Eaid court, said agreement being subject |
TO the adoption or rejection of the stock |
holders of said road.
And, whereas, since said conference was
had and agreement entered into, Gen. B.
j. Hill, President, has, by printed notice,
called meeting and requested full at
tendance Of the stockholders of said road
at Manchester, on the 25th day of May,
1871, to consider and deliberate upon the
terms of said agreement.
And, whereas, ewing to the fact Of this
call, and other causes, there is not a fall
and general attendance of stockholders on
this occasion; now, therefore, be it
Resolved, That when This meeting ad-
journ it shall adjourn 10 meet on the 25:h
day of May, 1871, at Manchester, and that
ali the stockholders are earnestly requested !
to attend ct that time.
Resolved, That the stockholders in at- !
tendance at this meeting are in favor of !
accepting the proposition Of the State !
through her icitoFs, of the sale OF the |
State interest in said road to the sto7k- !
holders at the minimum price of $4,000, |
payable in State bonds.
Resolved further, That the stockholders
present at this meeting are entirely salts
fed with the names Of B. j. Hill, w. s.
Higgins and G. NJ. Smartt, designated in
the agreement before alluded to, as suita- |
bic persons for AID in behalf OF the stock |
holders to negotiate for the purchase of |
said road in the name Of the stockholders, !