Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1874-04-09

return, upon the surrender anu cancellation ol
said first named stock.
2. That of the four Directors provided for as
being from this State, in the act of assembly per-
mittng this consolidation, at least two shall DC
selected from stockholders resident i'll York coun-
ty, and two from stockholders rsresidcnt in Chester
county.
3, That no discrimination in charges for freight
or passengers, to or from Yorkvile. over said
road, shall ever be made; but such freight or pas.
sengers shall be conveyed to either terminus OF
said road, or to its intersection with any other
railroad, at the lowest pro 7uttu through rates,
charged for such freight or passengers:
JAMES F.. HART,
J. J. McLURE,
b. II. WHEELER,
J. l.. CLARK,
II. F.. ADICKES.
The following resolution, Offered, by j. j. Me-
Lure was adopted to wit:
Resolved That in case consolidation OF the
Kings Mountain Railroad Company with the
Chester and Lcnor Narrow Gauge Railroad Com
pany be effected, the President and Directors OF
the Kings Mountain Railroad Company are here
by authorized to transfer to said Chester and Le-
nor Narrow Gauge Railroad Company, all the
road, properties and franchises, estate, personal,
real and mixed, of the said Kings Mountain
Railroad Company and make delivery thereof.
A. H. DAvEGA, Chairman.
w. D. SIMPSON, Secretary.
The following was then submitted to the
meeting:
STATE OF SOUTH CAROLINA.
Articles of Consolidation Of "The Kings Noun:
tain Railroad Company" and "The Chester and
Lenoir Narrow Gauge Railroad Company"
bodies corporate in and by the laws Of the said
State, made and entered into pursuantto the pro-
visions of an Act of Assembly Of the said State,
entitled an Act to incorporate the Chester and Le-
noir Narrow Gauge Railroad Company and to al-
thorize the consolidation of said Company with
the Carolina Narrow Gauge Railroad Company
and the Kings Mountain Railroad Company, ap-
proved February 26th, A. D., 1873.
l. THAT said Kings Mountain Railroad Com
pany'' and "rhe Chester and Lenoir Narrow
Gauge Railroad Company" agree to consolidate
and form one and the same body corporate under
the name of "The Chester and Lenoir Narrow
Gauge Railroad Company"
2. The stockholders OF the Kings Mountain
Railroad Company shall surrender their respect
i've certificates of stock and accept, in the stead
thereof certificates Of stock in the Chester and
Lenoir Narrow Gauge Railroad Company. at the
rate of one share Of stock in the last named Com
pany, to two shares of stock in the former 'The
Kings Mountain Railroad Company" and upon
the surrender of the said certificates OF stock in
the said "King's Mountain Railroad Company"
the said "Chester and Lenor Narrow Gauge Rail
road Company" shall issue to the holders OF said
surrendered certificates, respectively, new certi
Gates of stock in the "Chester and Lenoir Narrow
Gauge Railroad Company" at the foregoing rates
of share of stock in the latter Company to ev-
cry two shares OF stock IN the ''klngs Mountain
Railroad Company"
8. In the direction and management Of the af-
fairs of the said consolidated Company, there shall
be elected at least two Directors from stockholders
resident in Chester county, and at least two Dl-
rectors from stockholders residentin York county.
4. No discrimination in charges for freight or
passengers to and from Yorkville, over the rail-
road Of the said consolidated Company, shall ever
be made but such freight and passengers shall
be conveyed to either terminus of said road, or to
its intersection with any other railroad, at the
lowest pro rata through rates charged for such
freight or passengers; such pro rata charges,
however, to be adjusted with reference as well to
the labor of handling. as to the distances over
which such freights are to be moved.
5. 'The Kings Mountain Railroad Company"
agrees to transfer, assign, convey and deliver over
to the consolidated "Chester and Lenoir Narrow
Gauge Railroad Company" all the property, real
personal and mixed, Of the said "Kings Mountain
Railroad Company" including its corporate
rights, privileges, powers, immunities and fran
chises, its chooses in action and assets on hand ;
and the said "Chester and Lenoir Narrow Gauge
Railroad Company" consolidated, agrees to as
assume all of the contracts, debtS and liabilities
of the said "King's Mountain Railroad Company"
and to be answerabe to the creditors Of said latter
Company for the payment of the same.
6. This agreement of consolidation to take effect
from this date the third day of April in the year
Of our Lord one thousand eight hundred and sew
enty-four.
CHESTER, S. c., April 3rd, 1874.
We, tile undersigned the President and Direct
ors of''The Kings Mountain Railroad Company"
in meeting assembled, do hereby, pursuant to the
authority to that end, upon us conferred by 1.-THE
Kings Mountain Railroad Company" at a gen.
eral meeting of its stockholders, held at York
Vile, S. c., on the 25th March, 1874, called by its
President after one month public notice thereof,
given in the newspapers of the towns of Chester
and Yorkville, assent, on the part OF the SAID
"King's Mountain Railroad Company" to the
foregoing articles and terms of consolidation.
Given under our hands the day and year above
GEO. w. MELTON, President.
JAMES F. HART,
JOHN J. McLURE,
w. H. HARDIN,
J. H. ADAMS,
T. n SMITH