Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1874-04-24
North. Carolina Kali Road COnsosE.
dGTfnn

: North .afoEin:. Kali Road ConsoiI
dation.
> The following proceedings at tbt
meeting of the Stockholders OF tht
North Cal olina Rail Road Company
, held in Salisbury last week, we clir
from the Charlotte Observer:
Col. W. r. Myers introduced tie
following:
"The Stockholders of the North
Carolina Rail Road Company in gen
eral meeting assembled do resolve,
That we accept and adopt as part
and parcel of the charter of said com
pany, an act passed by the General
Assembly of the State OF North Caro-
lind, at the session of 1924, and
ratified on the 10th day OF February,
1874 entitled ''an act to amend the
charter of the North CAROLINA Railroad
Company, and for other purposes
therin mentioned" except SO much
of the 10th section of said act as at
tempts to prohibit Il certain class OF
persons, who have refusel, or may
hereafter refuse, to answer questions
having tendency 70 criminate them
selves from being commissioners,
directors Or general managers. This
portion of said act we DO not accept,
but reject, because in our opinion it is
| a conflict with the constitution of the
State and an attempt on the part of
the Legislative department to inter
fere with the rights and pi pie-ogatives
| of the executive department of the
State
After considerable discussion on the
adoption or rejection of the resolution,
w. A. Smith called for a stock vote,
those in favor Of the adoption to vote
''for" and those opposed against. .
Upon a call of the roll of the private
stockholders 4,245 voted 'for," to
which was added the State vote. 80. 600,
and 3,247 ''against," making an over
whelming vote in favor of consolida-
tion, including the State vote, as well
as majority of 99S of the votes cast
by private stockholders.
Pending the announcement, IHos.
Webb, Esq, rose to point OF order,
and desired to enter the following pro-
test against the action of the meeting,
which was accepted after considerable
discussion:
81 do hereby protest against any and
all action of this meeting, for the
reason that no notice was given BY the
ing; because no notice was given IS |
required by the charter and bylaws of !
the North Carolina Railroad Company. /
(Signed) /
THoIAs WEBB. /
The following protest was also sub .
mitted:
STOCKHOLDERS' MEETING, \. &. r.. r., |
SALISBURY, n. c., April 1G, 1874 ! |
Tie undersigned, stockholders Of /
the North Clrolina Railroad Company,
do hereby protest against the amend
ment now propo ed, because it alters
and varies the original charter, and
the amendment thereto, which have
been heretofore accepted, and because
the proposed amendment is illegal and
injurious to their rights We also pro-
test against the State proxy voting on
the acceptance Of the amendment, and
we further protest that this Is an iile-
gal meeting. {Signed)
Donald Mci:aP, for myself and rs
proxy for J. {. McRae, Il. Latimer, ],
l.. Hathaway, A. j. DeRosset, Thos.
Branch, i. L. Scott, w. L. Sutherlin,
Kemp p. Battle, F. Myers, NJ. Myers,
Isaac Bates.
The following pvotcs! vas also offer
ed aud received by The Chairman:
We, the undersigned, Stockholders &C
the North Carolina Railroad Company,
having cast our Votes against the a,iop-
ton OF The resolution by the meeting
of the stockholders, whereby the
amendment 10 the charter Of sGid
company proposed 10y ac' of Assembly
of the State OF North Carolina, rati-
fed February 10Th. entitled an act, &c,
is accepted an'l attempted TO lie made
Il part OF the charter of sad company,
do hereby enter our solemn protest
against the adoption Of said T, soiLt on
and against the acceptance OF the
OF said company aS con
tained ana proposed III said act, as and
for Il part Of the charter OF the said
company, and We ask that TINS protest
be spread ON the minptes of this iICCt-
ing.
(SignedD 2. c. Cameron, NJ 3. Nor
dacar. NJ. &. Cameron, ThnnHs Webb,
r. W Foa4J, J. L, Mo1eh,;,d.
Turner Moreht;tl. L. IL Walker,
A. f. Evans, j. 4. Gray, EU
gene Morehead, NJ G. Avery, p, L.
Caldwell. Ralph GorreI!, David Wliar-
ton, Ilenly B. Stafford, j. 6. Gnnning-
ham, jose oh B. Datchelnr, W. II. and
r s. Tncker. y u. Mcphtters, %astn
". Graham, ". 4. Graham, and J. "
Graham. by West.
On motion, the meeting adjourned
sine die