Democratic enquirer. [volume] (M'arthur, Vinton County, Ohio) 1867-1873, 1871-08-16

the GaIlipOlis, Macarthur
Il Columbus Railroad.
On Saturday last the Direc-
tors of the g., McA. q G. r.
r.. met ut their Office in CALI
polls. There was present a full
board, to-wit:
w. ii. LANGLEY, President,
VIM. SnoBER, Secretary,
REUREN ALEsHIRE,~
II. S. BUNDY, y
n. B. DAVIS,
J. J, CULBERTToN,
W. ii, EAGLE,
There was a full and free
consultation in regard to the
affairs of the Road, and several
matters Of Importance were
considered.
A set of bylaws was adop-
ted for the government of the
Board of Directors, and in ad.
dition to the officers now pro-
vided for, it was decided to
appoint an assistant Treasurer
to take charge Of funds at the
other end of the route. Mr..
Dan. Will, President of the
Vinton Co. Bank, was appoin-
ted assistant Treasurer. Mr..
Will is one of the most respon-
sible and energetic citizens Of
Vinton county, and it was a
good act in the Board to ap-
point him.
1t was decided that the
meetings of the Board shall be
held at the principal office in
Gallipolis, until otherwise or.
dered, and meetings were or
dered on the first and third
Saturdays OF every month, and
special meetings may be called
by order Of the President.
An annual meeting of the
stockholders of the company
shall be held on the third
Wednesday of January of
each year. The annual election
of officers shall be held at the
same time and place. Compen-
sation ofofficers and employees
of the company to be fixed by
Board of Directors.
The following resolution was
adopted:
y Resolved, That the Board of Di-
rectors hereby adopt and affirm the
spirit of the Resolution adopted by
the Corporators at their meeting
held at Macarthur on the 22d day Of
September, A. ID. 1870, to the in
tent and effect that the SAID Direc-
-ors will not commence work on the
Road until a sufficient amount of
'arital stock shall have been sub
,cribed to assure the grading, ma.
;onry, &C., of the Road, so as to
prepare the same for the super
structure, on the line from Galipo-
is to Macarthur Station, and from
Macarthur Station to Logan, except
he necessary incidental expenses
or soliciting subscriptions, engi-
leering, obtaining estimates, &C. :
That this Resolution shall
not prohibit the said Directors from
securing time loans by issuing and :
domestic bonds, or 9th.
,rwise, running five or more years,
With interest not exceeding seven '
,cr cent, amounting in the aggre-
rate to not exceeding one hundred
thousand dollars at any one time,
which, with the stock so subscribed,
hall be sufficient to prepare the
,cd of said road to receive the su. :
aforesaid.
On motion,
The Secretary was ordered
O make a call for the five dol
ars due on each share of stock :
ubscribed to the Gallipolis,
IcAthur 81 Columbus Rail
Dad Company, by giving ten
lays notice through the news.
papers of the various counties s
long the line.
Reuben Aleshire and r. B.
Davis were appointed a FL
lance Committee, whose duty
t shall be to examine and au. S
lit all accounts, bills, ETC.,
lgainst the Road.
1t was expected that at this
the Directors would
ocate the Road, but as the es.
,imates were not complete, such
,ould not be done. Maps and
orofiles were presented and re-
,eived careful examination
At a meeting, soon to be called,
The location of the Road will
be made.