Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1872-07-05
capital stock Of said corporation which ~

condition by further increase of an oner-
Gus tax to meet interest and principal
tche11 due upon bonds issued for said sub
ScriptiOn; and
whereas, 1t appears from the report of
the lfeslden of said Company as submit
tel to the stockholders in general meeting
assembled during the month of Nav. last,
That the nett receipts (uow daily increas-
ng) are sufficient to pay the interest OH its
Bonds which, if so appropriated would give
the bondholders DO Justification for such
action on their part; and
Whereas, Il IS the sense of this Board,
that we, as guardians and protectors of the
rights and interests of the city, deem it
our duty and we do hereby announce our
intention to use all honorable and legal
means to prevent the pecuniary sacrifice
of the ~ 900 shares OF stock as well as to
retain the control and management and
direction OF said Road in the hands of its
founders, and the citizens Of our own
e-tncrctGrG DC it
R"SOtCed, That a committee, to consist
of three members OF this Board be ap-
pointed, 10 be styled, "The Committee
upon Wilmington, Charlotte and Isuthcr-
ford Railroad, whose duty it shall be to
make due ANA diligent enquiry into all
matters pertaining TO the said Company to
act and consult with other Stockholders of
the same, to represent the city stock in L
general meetings the same, should it be
deemed prudent and advisable tu counsel,
and to do any and all acts for the prOtec-
ton OF the hest interests of the premises.
ReS0ircd .ttrtAG, That if, after Il care
tul examination, sustained by legal advise
nl"nt, the said committee are satisfied said
interest can be paid out of the earnings Of
the road, after payment of the ordinary
operating expenses shall have been de-
Quoted, they are authorized to become par
ties 10 the suit instituted by the bond-hod-
erS for foreclosure, and resist to the last OK
tremity this great pccuniary loss to the
city
Aldermen Granger, Buncy and Wilson
were the committee appointed under this
resolution.
WE learn that at the Convention OF the
Conservative voters OF Bladcn and Bruins
wick counties, held ut Black Rock last
Saturday, X. *. Council, ESD, was nomi-
mated for the Senate, vice Col. John ID.
Taylor, declined. Yhis is, without doubt,
a most excellent suggestion, rs Mr.. Council
is justly reckoned one Of the strongest men
i'll the district and an earnest and de
terlnined effort on the part of his friends
"ii 0l0oO ti'''i' Iii - ~ '''i0 " i'm S'''0
Shipp l majority, and Bladen gave Phil
lips los, 50 thai the majority to be over
come by Mr.. Council is not Il very heavy
one.
SUPERIOR CoURT.-IhlS body met
again yesterday iioillIIl9 All" stcceeue" III
clearing the criminal docket. The Court
'l1'ii 81, iio0 "ii'ii nioi''''y iiio' lil''S
"eA'' NHen Inc cl'l "ocNe' VIII DC taken
up. ne loi'o"i''9 c'ScS were "iSloSe" Vi
= ,''l''
,r,,.- >r;,,,,,~ ,,,,,.,,. I~a.=1;a.
I'm III l'Ii'' $50
el''' ,,'lI0''' '''l NN'9 .' $50
r;aI,..1 C,,;,1, I,roon-. vouIiot o,,i,,,.
The f,llowino sentences, have been mo-
ro,1nca5.
John Merick. larceny. Four months.
Fred Homes. assault and battery. Dis
cbar,nd ON na,,ncn. of COSTS
Fred Jones and Stephen Rich, assault
and battery. Discharged on payment Of
costs.
Thomas Roberts, larceny. Judgment
suspended.
John hlureli, manslaughter' -Four
months in Jail.
john Brown, assault and battery. Judg-