National Republican., 1873-04-10
A NRw RAILROAD PROJECT.
washington City, virainIa Midland, and
Great soathern Railroad Company -
Georgetown the Tcrmlnus-Ricction or

washington MY Nrainth "tuihuos unu
Great southern Railroad Company -
Georgetown the Tcrnlnus-Ricction Of
Oneers.
A Joint meeting OF the Stockholders OF the
Grunge, Alexandra and Manassas and the
Lynohburg and Danyillo Railroad Companies
was held In LynchbuTR on Tuesday for the pur-
pose OF consolidating the two companies. After
a temporary organization had been effected
addseHsea were made by number OF gentlemen,
and resolution adopted that the meeting re-
garled with interest the extension OF the road
into the State OF North Carolina by tho most
eligible route for tho development OF the local
Mr. Barbour then submitted his report, as fol-
lows, and u was adopted:
T1As Sooihsld,rs " h' rir0iHia and Horh caro'i"a
Tho necesSzry steps having been heretofore
taken, and all the requisite prellminaries adj
justed for the consolidation OF the Orange,
Alexandria and Manassas and the LynchburR
and Danyllle Railroad Companies, as provided
name and style OF the Virginia and North Caru-
lima Railroad Company, the present meeting OF
stockholders has been convened 10 organize the
said consolidated company, by the adoption OF
appropriate rules and regulations for its gov
crnment and the election Of president and
board OF directors TO serve until the next annual
meeting Of the stockholders.
10 Will also be necessary, In order 10 mako the
same enective, Tor tho present meeting TO ao-
cept u approved, the several acts recently
passed by the General Assembly relative TO tho
company, certified copies Of which are herewith
submitted for consideration. The acts referred
TO are four IN number, and relate, respectively,
10 proposed change OF the corporate name OF
the consolidated company; to provide for new
Issue Of bonds by the company, and the execu-
tion OF mortgage on tho road and la property
10 secure the same; 70 authorize the company
to extend It's railway nom the present northern
terminus at Alexandria TO point opposite 10 or
above the cities Of Washington and Georgetown,
on the Potomac river, and 20 allow the lands
liens OF all other Indebtedness, aud TO be held
primarily as security for the purchase money
due on the same, and the proceeds Of sales to he
applied only 70 payment oil the land bonds OF the
The several acts, as above described, will ex-
plain themselves when read, and require but lit
Tie explanation In detail. The act TO change the
corporate designation Of the company and 10
adopt that Of the Washington City, Virginia Md
land and Great southern Railroad Company was
passed At the suggestion OF capitalists, In view
OF the necessity Imposed on the company to ne
gotiate large loan Of money for itS purposes,
10 adopt a name descriptive OF Its line OF rail-
road and ultimate destination, for the informa-
name, 70 be thus descriptive, must necessarily be
long one, as 1t involves the national capital as
Us starting point, trayerses from thence the cen
State TO the North Carolina border, and looks 70
nnal connection with the great railway system
OF the South.
Respectfully submitted BY
JouN 3. BARBOUR, President
The election OF officers was then held when
Mr.. John =. Barbour was unanimously elected
president, and MesArs. WIN. q. CazenOVe, q,
Y. Suttle, s, A. CoifmAn, K. q. Marshall, ID. y.
slaughter, VIM. D. Hart, Il. A. CoRhill, q. N.
Blackford, 7, 9. Z. Ferguson, q. 7. Pace, VIM.
T, Clark and W. X. Sims, Directors.
The following gentlemen were appointed the
examining committee; Col W. H. Shepherd,
Judge j, NJ. Chapman, Mai. T. T. Ili Gen, s.
q. Meem, James M. Booker, esq. and Capt Wal
ter COles
After the adjournment Of the meeting, the
board OF directors held session and transacted
considerable routine business.