Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-08-15
AND CHATTANOOGA
RAILROAD.

Annual Meeting of the Stockholders.
Yesterday at 10 O'Clock A. NJ, the annual
meeting of the stockholders of the Nash
VILE and Chattanooga Railroad Company
was organized by calling Col. Marsh, of
F, anklin county to the chair, and Major
.John Woods, of Rutherford, Secretary,
Major l.. d. Nancy of Rutherford, J.W.
Buchanan and A. d. Fugest, committee
on proxy for holding the election.
THE PRESIDENTS REPORT
was then read and received. On motion,
the report was adopted and ordered printed.
An agreement in relation to the Union De-
not between the Nashville and Chattanooga
and Louisville and Nashville Railroad was
read and adopted.
AMENDMENTS TO CHARTER.
The following was read and adopted:
Resolved, that the purchase made by the
Board of Directors of the Nashville and
Chattanooga Railroad Company Of an in
terest of two-thirds in the Nashville and
Northwestern Railroad, and the action of
said Board in providing change of the
name of said corporation by decree of the
Chancery Court, and the amendments to
the charter thereof, and the same is hereby
ratified and confirmed.
Resolved, That the settlement with the
State of Tennessee through its proper off.
GERS of the amount due the Nashville and
Chattanooga Railroad Company on account
of its expenditures, under the two contracts
of lease of the Nashville and Northwestern
Railroad be and the same Is hereby ratified
and approved.
A resolution expressive of the stock
holders approval Of said amendments by
the Chancery Court was made and adopted.
UNION DEPOT.
The following resolution was adopted:
Resolved, That the contract made by the
President of this Company on the 1st Of
May, 1872, with the Louisville aud Nash
vile Railroad Company in relation to the
| erection at Nashville of Union Depot and
the use of tracks be and the same is hereby
ratified and confirmed.
MORTGAGE BONDS.
In regard to the mortgage bonds the ac-
ton of the stockholders was embraced in
this resolutions:
Resolved, that the Board of Directors of
the Nashville and Chattanooga Railroad
Company be and they are hereby author
lied and empowered to issue in lieu of three
million dollars second mortgage bonds
heretofore authorized to be issued, an
amount of first mortgage bonds not TO ex-
coed twenty thousand dollars per mile of all
main lines and branches to be issued at the
discretion of said board as the interest of
said company may require, and to secure
the payment thereof to execute mortgage
upon the Nashville and Chattanooga Rail
road, and all its present branches or
those to be hereafter purchased or con-
| structed, and also upon the Nashville,
| Memphis and st. Louis railroad, formerly
the Northwestern railroad, and all its pre-
sent branches or those to be hereafter pur-
chased or constructed; provided that OF the
first mortgage bonds thus to be used suf-
fcient amount shall be placed in the hands
of the trustees for the purpose of taking up
the endorsed and State bonds loaned the
| Nashville and Chattanooga Railroad Com
pany, and the bonds executed to and held
| by the United States Government.
The meeting then adjourned until three
| O'Clock.
The meeting re-assembled a. p. NJ.
when the result Of
| THE ELECTION OF DIRECTORS
was announced and read, showing that the
present Board of Directors, whose names
we below give, had been selected to serve
| for the next ensuing twelve months: Z.
W. Cole, John NJ. Bass, G. NJ. Fogg, John
Frizzell, E. L. Jordan, John N. Childress,
Thomas Lpscomb, Thomas c. Whitesides.
V. K. Stevenson, John F. Anderson, John
B. Hawkins, A. E. Patton, Jackson Pryor,
w. S. Higgins, Ben May. All received
81, 697 votes except w. S. Higgins, who re-
ceived 1870.
After the result of the election was an
nounced the meeting adjourned sine die.