Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1877-06-14

winds, partly cloudy ana CLOUDY "saSne'' WIZ
ra.a areas. ------- .. f
Y. i 0. r. L. BoNDuoLDERS. MEETING
The adjourned meeting otthe bondholders
tbe ". ( O. X. Il. was held TO day at tut
lcro, OF tho company, in this city, with JOIN
" Bake, chairman, anil J. }. JamicS9o
secretary.
The coiamit!e1 appointed d. the last uitcllng,
,,nrn,ttc! thrir report, which made 10 dehntt
r,,onmnyda.ion but merely Incorporated tht
,,apram Of Mr. McCcub, mentioned IN yester
i,y's Gazette, and "a statement OF the indebted
.ass Of The company together with the arrange
pcrts heretofore eotcrcdiu With McC2mb NO
IS which they became bOadhoIder5 OF TIE com
rany. also suggtstinna II tic fTesideht as 70
,j,n maanec 10 wtiicn he Indebtedness OF the
.o,nnaDy could be met anl tic progress Of the
sad facilitated which report having been read
me following resolutions were adopted:
Resolved, Tha: the chair sinai! appoint a
,,mmiltoc who are auhoriZod 70 represent
n, interest IF tha first mortgage boCd bold
rs Of the Washington & OAio railroad, 10 the
n;t recently ios:i;utrG lI he Circuit Court OF
re Il. 8, tJr lba f.lss2lu District VI Virginia
70 :. Mcto!ns and Others, and 70 take
s;i3,, sfc,.s a. they cray ieem necessary to pro-
.pci ,Es in:sfrsta Of tho said first mortgage
Y,2r.it5 iacEs hu: TIE ACTON Of this commit
iac eh.I, b. sntjent 10 the !u:ufc ratlhcauon
,f general meeting Of tbe SAID p3ndhc!dern
also - ascertain l,om toGdh2'aols m! otaHr
,J,tors # they will consent 20 the sehcue
= r.. ,rsan:Z alton and sc:;inS i"e dfh! mat
has ha.T srugeste3. -,
Mns.,a g. e. Nes!e, 4. f.. AtdiS30. J" L.
, H5,,hc terry Strauss AID |. y. CNoal
,orc ounojnted :b2 commltte" under the
Mr., 4 r. Ai ;iaou uede the ioiI6v'ng
.;a;,,,so, Of the manner in winch McIomo
\ C.. procured their bond; :,
j,lv ., l569-McCocnb, Kennedy, j. IRA.
lex Sni,n and six othc:s (belng directors or
lie /. &. II. Il. k.) entered in'o f"ntf"cS
18th themselves.
|. 10 atigaUce SD uth.
O.. 70 Construct AMI equip M raj !fom
Hamilton 10 Winchester wl;Eio th:aa years, Or
,ieh lne.r period as may /" necessary 10 II
y.,j;;r t;:c tnnd1 q! The r5ai.
d, :. 49,. o;,alc 10" bonds u r1paj iiiem
,.yes AM - 20 with ta" c;"slTnc'loA ii
.an road.
f. The company c1venanisd to rEecn;e ahu
aIjy,T The first mortgage bccI& 81 SAID CON-
,,1y t. McCouJ 4 Co. uGd woui Nc. issue any
r said lords - others until toe c4teG,ion
,lau! Jl compiatcd.
=, !, wss agreed lhst should the said com.
nuny change rs corporate ngulc 1t may call III
and carcn! It's FIRST mortgage ho1ds which may
hen i.aY. ba"a hypoti!cca;eG or sold AMI sub
yl,,n., for them the first mortgage bouus 81 tbe
,)mn2gr he mortgage boGGs Of tic y. J.
y. Railroad secured upon the said property.
trrji !, l6Ti-The bond holders became
''.,,..asa.s o.! the first ". & 0. bonds under
,hc Aco} CT April |, ISL. This mortgage
,Yte,1el e be leaa upon the whole Inc to
,ha Ohio rive, cyceps the first 45 miles !s sub
80, t,a iean of SO. 900 CT the outstanding
%gna. Of the l.. s. Il. Railroad, q contingent
.;gbiiiy ;9 Clarke county Of $lO0,0O0, and to
INC STATE q: N:gil;a o! $1,000 TO be With,
ael out ut - .V)0, 800 authorized TO be issued
y sulal 4mounts OF said amount.
ii arch 4th, lSIl-McCorn5, Edgar and }.
Fraloy Smith, Kennedy, w.. co7caan;eu 70
consideration OF the Premises: III Is agreed o.
.hc parties whose names are mere slsueo that
,,.vinr uccorla holders OF c,r;ai0 bonds CT The
l., l.. 4 II. r. Il. Go. II collateral er $50 OOO
paid bg each oi Sld parties We pledge ourselves
% surrender said bonds acd receive lG exchange
G,r the samn uD5u Z tender being made of the
st mortgage bonds OF the y. & 0. II. Il. Go;
n eoual amounts Of the A., Il. e Il. R.ih. 20.
,,ipncd March l.h, 1871, by the contractors.
Nav 3lth, 1872 The executive cUmmtten,
COMPOSED of Matomb, Kennedy, and j. +.
Smith, was authorized to retire the lst mort.
age bonds Of the l.. l. II. L. i. Go. by sub
.,n,liay tho bonds Of the W d ". II. j.. 20.
Ar,nrGugIy the President went North to
max. thc cxyhGoge aud sue :ecdcd IL dong so
yirh three ii Lie OBSERVATION-DISCLOSURES. heonedy
sad R1rSws;l Jut Nj McComb representing
himself. Edpar }. and Eralcy Smith eVadcd aud
ioIycd and fins!iy REUSED, bnt made this prop
aS!!ion
August 9th. lS74-Let the interest On The
aivances 10 YOUR company be added thereto 10
U.ober |, 1874, AID we will accept the bonds
cl your company at1he rate OF oO cents on the
dollar, retaung the boGds VIC now hold sccur
ID by the present deed Of tgu5. il favor CT the
L., l.. & II. r. r. to Alexander ana Eals2rr,
trustees Tor The Washington Oe!o KaIiroaa'
the company haviog the right to repufchaSe
the bonds by the lst OF October, 1915, by pay
,ue 80 cents % tho face aud ~ cents 90 'he
interest. The board accepted the proposiil?n,
bu! tho President refused to carry 1t out as be
,ag fraud on the parties who mao purchaser
he bonds uudcr the deed Of April l. 1871.
y; has never delivered the bond-) the W.
- !, ,nis
- ., Tie c0n.tsc. Of the Il Of July, letJ, was
w. >snceptiun. lst, on gonoral principles
' :i ~ ~, by acts o. ta3 Leglsaturci 'l' ny
=: -" u, Ftho company.
Inc 3y l"%s .. ttae Compsny-Ariic!s ~
Laws . sident nor any director or on:
acItner tho r. >lsent Of the company shall
s.Ts sn m 3s Tpad 9ds my, 10
paid by tho company o.. Iresider1 or drec.
snv contract IN which tho go -, ITO nnn,-
tors, or engineer in tho employ. rtf,c,. snrh "a
psoy Shall hsvo any interest; & I'll; i; or osers.
:4sy havo been cast upon him by :, u" VI 0ps'"'
ton Of law. u !, mt
:l-TLoy have violated tha:. cjntrss V IN aa AZ,
extending the road and returning tho L. uu ioao
and Hampshire 4. r. bonds and taxing in 'H''
thereof tho w. s. O. r. 4. bonds. So. Of
NO bonds Issued since April l. le.l ~
mo l.. s ii. r. R. or rei:suel alter being taken
csn hsvo priority OF tho W, u o: H. 4, neo
tho purchasers had legal notice u, lns i sns
Il mor!eaae WAS taken only subject to the llen I
therein specified, AMI taking thcm under sacu
,jrcumstances was legally fraud ON the holders
Il the ". s. 0. bonds
+h-Any officer or member ol me DJAt ~
.,.,s;,r IN q f,ucarv csopcItY WAS DOunQ 10