The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1872-10-03
From the Roanoke Times.
VALLEY RAILROAD MEETING.
The Road to be Built

On Wednesday, 18th inst, the Stockto OIL
ders of the Valley Railroad assembled in the
Town Hall for the transaction Of business
The Committe, on Credentials reported ma
jority Of all the stock present. President
Robert Garrett presented the annual report
Of the President, Directors. Chief Engineer,
and Treasurer. %
| The Presidents report was an able and
interesting one, giving review Of the entire
history Of the enterprise.
The Engineers report estimated the cost
of road, with iron bridges, $57OO,O00; aud
gave in detail the reasons upon which his es-
innate was based.
| The Treasurers report showed that there
had been paid, cash, by B. & 0. r. R. $500,
600, Staunton $54 1000, and individual SUBJ
scriptions S32 TIT, aud that S93.552 II had
been expended, leaving balance of $293, 224
| 83 in the hands Of the Treasurer.
Judge Shefcy offered the following resolu-
| ton. which was unanimously adopted.
Resolved, That the President and Direc-
tors having submitted to this meeting their
annual report, accompanied by the report of
J. L. Randolph. chief engineer of the COM
pany, showing, 10 pursuance Of the resolution
| Of the Board Of Directors passed on the 9TH
day of March 1872, the location of the road
| on what is known as s'the central line :"
through the county of Rockbridse, this NEE
ting doth approve the same, and doth dire t
| the Board OF Directors to proceed as promptly
| as practicable to construct said road on the
line SO located through the county Of Rock
bridge.
Resolucd, That the Board Of Directors be
and they are hereby authorized and empow-
cred to issue the bonds of this Company, TO be
secured, in legal form, by a trust deed upon
the franchises, effects, assets, and property Of
! the Company, for the purpose Of providing
the means, in addition to the subscription of
stock adequate for the completion of the Val
ley Railroad from Harrisonburg in the county
Of Rockingham, to some point on the Virgin
ia and Tennessee railroad at or near Salem,
as required by the Ordinance of the city OF
Baltimore.
Resotvcd, That so soon as the Finance
Commissioners Of the city Of Baltimore have
paid up thirty per cent, upon fhe stock in
this Company, subscribed by them, the Board
Of Directors are directed to let contracts in
each of the counties through which the Val
|.ley Railroad has been located, and to procure
the bonds Of the respective counties along the
line according to the terms of their subscrip-
tions) in order that they may proceed, as
promptly as practicable, to complete the con-
struction of the road throughout its entire
line.
Mr.. Norris of Baltimore, offered the fol-
lowing resolution, which was unanimously
adopted
Resozued, That in view of the heavy cx-
pense necessarily incurred by the Company
in connection with the meetings of the Board
Of Directors, and Of the greater efficiency of
Board consisting of less number than that
Of the present Board, that hereafter the Board
of Directors of this Company shall consist OF
10 members, besides the President
An elect ion of President and Directors
being declared lin order, Col. NJ. G.. Hartman
re-nominated Robert Garrett for President.
He was declared President by reclamation. :
Messrs. John Hopkins, VIM Keyser, P. P
Pendleton, Il. L. Baldwin, D. Fl. Miller and
r Norris, Jr., Of Baltimore Edmund Pen
dleton, Botetourt; NJ. G. EIarmau, OF Staun-
ton; VIM. Allen, of Rockbridgc, and Geo. w.
ilanSDrOuSn, OF hoanoke, were elecseo Dlree
tors.
The following gentlemen were present j
Randolph Tucker. Chas A. Davidson, 5.
Tutwiler, R. G. Mcclure, and J D. H. Ross,
Of Rockbrdge; R. NJ. Guy, W. A. Burke,
J. B. Evans, and G. NJ. Harrison, Of Staun-
ton; II. Morris. Jr., and Robt. Garrett, OF
Baltimore Lewis Inkenhotfer, Jno. 7. An
derson, AID Ed. Pendleton, OF Botetours
II. L. Blair and G.. W. Hansbrough, Of Roa-
noke.