Smyrna times., 1872-04-03

MEETING OF THE SMYRNA & DEL. BAY
X. X. Goa meeting of the tOckholders OF
the Smyrna Il Delaware Bay Il. Il. Co. was
held at the hotel of &. f. Foxwell, on Satur-
day afternoon, March 30th. On motion, VIM.
Dcnney was called to the Chair and Geo. H.
Raymond appointed Secretary. The call for
the meeting was read by the Secretary.
On motion Of y. I. Underwood, the Prcsi-
dent Of the road-John H. Hollecker-was
called upon to make report Of the finances Of
the road, which motion prevailed. The Presi-
dent then stated that there was about ST.
10000 in the hands of the Treasurer.
letter was read from &. *. Lands, an
nouncing that if tie stockholders would paw up
their subscriptions the road could be graded at
once, and direct communication opened with
New York.
Il. Ii. Cummins offered the following resolu-
ton:
Resolrei, That all subscriptions of stock TO the
Smyrna ana Delaware Bay Railroad Company, not
regarded as bonahde by the Board of Directors, be
stricken from the subscription book.
~ Stockly offered the following, as a substi-
tute
Whereas, nt the annual meeting Of the stock
holders OF tins company held at the hotel of G.. E.
toxweIl, on the llth day Of January, 1871, sub
scrlPtlons to the capital stock Of the SMYRNA n
Delaware Bay Railroad Company, Amounting in
the aggregate, to lO,UU0 shares were annu,led and
The subscribers OF the same were released from all
obligations to pay for the sand stock as required bv
the charter ot the Company: and whereas, other
subscriptions To the SAID Capital Stoch afn0uufiu
IN the aggregate TO 4 $40 >hlres were by a resou
ton pi the Directors of the Company virtually an
nuiled or recalled to the company in order that the
same might be taken by the party who had contract
ed iaS 1t Is SalG) to construct the raitro 3D. at rate
OF compensation which would absorb the whole
value at the work when cnmDlr ed al
HhereaS, equal and exact Justice demands that
all subscribers to the said Cdrtal st OK shall occupy
precisely the same position under the charter and
stand on the same footing as to rights PRIVILEGES
and Responsibilities; therefore
Rc$oired that, in consideration of the facts above
r1c'ted, and o. other well known facts not necessary
to enumrrate, all the stockholders in and subscriber,
/" TIE Capital Stock of the Smyrna and DE a.yarr
pay kalIfoid Company ought H. be, and hereby are
released from any and all obligations to the said
1ompany or any aud ali other parties. incurred nv
mem or each' or either OF them, by reason of anv
subscription to the Capital Stock aforesaid made by
hem, or either OF them al any time and the Direc
ors of SAID Company are hereby instructed to con- /
'lder all the SAID Subscriptions the capital as
absolutely null. void, and "i NJ ctI: Ct Hroriled
oDfreF, That tins resolution shall not be held or
Aken as absoivlug any subscriber to the (anit,l
stock OF the Company from full liability for anv |
ehiS due from the sand Company, which. in the I
~ HI"I VI t"G ID tfu ui Directors, ought 10 be |
ald' Should such dcbt, exist they shall be paid by
Just assessment OF an amo INT sufficient ior thai
urpp'e, upon each share Of stock upon which no
nSitIment has heretofore been paid P,oridsd .
lrtaer, that any >t"chh lIer who may 50 desire
liF retain the number Of shares subscribed by INN
IL. II. Cummius moved that two tcIl.rs be-
appointed, which motion prevailed. and the
,hrlr app lIntcd John II. Hollccker and \. r
.nderTood. Mr. StpcklyS resolution was
hen adopted by the following vote
YEAs-Geo w. Cummin>. 4 StockIv " p,ioo
c. Griffith. y. T. J.rnan,J II. HoIsckcr. w g.
Iitchell, ;. Roberts, 6 II RAYMOND r Dcuncv
V. Eiotirclcr, J. H. Bidcrhlck. J. G. & XII
'ocNIY, y. 1. Uadcrwood, J. Brocl>on. r. Davis
ont II CummlnS, W. stevens, b F. BlacNi>ton.
hos. Middleton, J. Il. All.e VIM. Surgen, +. e.
Aimh'ary, ). +. Dl>rI, w. Dcuucy. a. Ennis, d.
WIds, w. VI. Bell, Jon. Bcown, ,me, Starlino.
W. Dcnney, !. d. HamItoo, W. S,ubbs-33.
NtYs-J. NJ VoShcll, T., Ward, J. W. S,ru,nco
. l.. Hudson, j. Trulx G. II. Rcgls,cr,A A & Cam.
ms /. j. inmoden, +. f.. Jefferson, A. Scont.
e. Douglass, u. K. Pcniugtol-l2
q. W. Cummn> move that the Secretary
tins meeting ;r authorized ta erase from
la stock Nu5-,ril 'inn hook til" nam,. If any
"rIho.d"r who should Apply to Giia for th.f
1rpo>e. Carried. About 20 names were
IN erased
q. ": Cummins movr@ that the proceedings
Published in the SMYRNA TINES and the
ci1Wnrctn. (
On motion Of Il. II. Cummins, the meeting
journed.
GEo. II. RAYMOND, Secy.