Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1872-10-17
Consolidation Of the Orange. AIeXan-
lIria and Manassas and Lynchburs
and DanViIle RailrOndS-The tir-
ginia and North Carolina Railroad
(tnvrtxNnnr


Company.
AS stated in yesterdays G.zcttc. the Stock
holders of the Lynchburg and Danvllle Railroad
Company met in Iynchburg on Tuesday, MIR.
Geo G. AyreS. of Danvile, in the chair. After
the completion of the organization, MrJohn 5.
Barbour, President, submitted the following
report:
To the Stockholders Of tie Lynchb'ug md
DuurM RutLrond Company:
The present meeting has been convened in
accordance with the tcuct of the resolutions
adopted at the last annual meeting of the Stock
| holders, by which the act OF the General As
sembly passed, January 18th, 1871 au.horiZ
ing the consolidation Of this company and the
Orange, Alexandria and Manassas Railroad
Company, was accepted, aud the Board of Di-
rcctors directed to take the necessary steps to
carry the same into effect, whenever, In their
! opinion it might be deemed advisable.
La pursuance of the resolutions referred to,
the Directors proceeded to perform the duty
assigned them, aud invited conference on the
subject with the Directors of the Orange, Alex
audria and Manassas Railroad Company, who
| had been empowered t. adjust terlns uf cOusoh-
daion by the Stockholders Of that Company.
\ Joint committee on he part otthc two com
paneS was appointed, who, latter giving the mat
ter mature consideration, submitted report Tor
adoption TO their respective Boards OF Directors
which was adopted and Il contract ordered to be
presented to the Stockholders of each company
Tor ratification and final approval as requested
| by the act of Assembly above referred to- The
terms and conditions OF consolidation OF the two
companies rs recommended by their respective
boards of Directors. ale believed to be just and
equitable tn both. and will enable this company
to accomplish Ultimate results which otherwise
could not be secured. As the act OF coI>ollda-
ton is also III harmony with the policy OF the
company. az heretofore announced, and fulfill
ncnt of the pledges made to the Oradge. Alex
audra and MANASSAS Railroad Company in So
ilciting their aid and co operation to the con-
structon Of the work, II Is respectfully recon-
mcndcd that IT now be perfected on the
terms aud conditions, set out III the Resolutions
and contract adopted by the Directors of both
companies and which are herewith presented
ior approval and adoption.
Your consideration is invited ut this time in
order to give the associated company the OPP
lmrtunitv IL act upon the subject 1T their all
uual meeting next month.
The following rcpnrt OF the Joint Committee.
referred 10 III the President report. was then
read:
The undersigned. II Wit: j. 5. Barbour. t.
! C,,hIl Il u U,rt "a T. r,y,.,,,r and
LIN j. Inrs,
And J. 5. Barbour. Peter W EIair>ton, I.
G. :. Ferguson. George u. Davis. &. T. Pace
and Fleming Saunders,
Appointed Committee by the directors
RESPECTIVELY. vi the Orange, Alexandria aud
MANASSAS Railroad Company and the Lyuch-
burg and Danvi!ic Railroad Company to con,
!, slider and report to said boards the term on
Ia.nI - ,,,L,r,y.I hr an ,rt nf rho t,rnrr.l
I. N'yn,hl, r,.,nncrfi,Iy r,.,nrt
H., ,I,., INV, ,nyu,,.', c,ns;,I,.r.d ,h,. snl,-
;.,.. md ~. - on;n;nn and 50 r,.,,nrr ria,
"a harlan -i,nu;J hn .f,c,nI an ,h;,
49, ",G
lst The -t,rL share. Of said consolidated
nSa ~ n,; ~ ,, ,ar ,,,nn ~ : -
o on'.h ''''''0' '',0'''>' Wv i''' '''''>
'". .,nd The sto.L 81 the s,;d Or,orc, A).xan-
"a N W. s'SA u r ie Si'u r W"nH -n:Ht, ,,
I ~, "':i b,ro AMI r. .n;i vnrhnTr and han.
- , ,'i rsrn1 " Wnr - sn ~ ,I sb,ro
,''c i.a.,UIu TI ~ ~ ;.suna =, ,h;. ,;mc
-Innid he considered n cn,,, nar value and
oncb .,ockh,Ij # S,ij connan;e. should re.
c"ivn sock # ,hc consolidated coIunany 70 an
amount equal to the par value Of the stock
hc!u ny hiu!-'hc >l'GN''o,uel VI .'ie quo COM
pany receiving share Tor snare ana III the othtr
receiving TWO shares Tor each share SO held.
3rd. Said consolidated company should have
authority to issue stock, exclusive Of that now
subscribed for or Issued. to an amount not OK
,oo,l;r,, ,Lo ,nnpnt nnu ,ntbory.I l,v l,w RI
.'1'"5 ~ ~, III ,,r,, ,,n,''.nn
: oc lI>"'E y s"'O W. ooin ''h'en 1
4th No discrimination Should pc maze III
: the transportation OF persons or property on
the liue of said consolidated road. in favor or
against any of the cities or towns on said line
We think thar 4 contract should be made
ho,,ronn ,ho ,rn co,nn,nins nm this b,sis and
II. y, 49, ; t'I H., H. ,
'netcoy al 'nc U'!o0's ~ 'ne al
OF Assembly VIII De attained, as by the ACT all
rights of property and franchise held By either
COMPANY, rest in the consolidated company,
wban consolidation i cfF,ctel ,c.or1inp "a its
"noI
piPT si11 9 Dl D.:l
l3ighe4 ~ y: . DaToour' u, feSloe ~ II. y
Goghlil, iliiam II. Hart, W. U. laZcnoVc
j, John ID. CorSe,
Committee on the part of the Orange, Alex