The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-10-17
Valley R. r. Stockholders
The LEXINGTON CONFERENCE ADOPTS.
SEpIrc OF RESOLUTIONS.

The LEXINGTON CONFERENCE ADoPTs..A
SERIES OF RESOLUTIONS.
For several weeks a notice was published
in several of our Valley exchanges, calling
for meetingof the Stockholders OF the Val
ley R. r. in Lexington, on Tuesday last,
the 18th. The people of Rockerldge ana
Lexington who had sunk their money IN the
enterprise, have become restless under the
burden, and as last resort determined TO
take matters in their own hands. And so
the meeting was called with view OF arrlv-
ing at something definite with reference to
the road, or else to take some measure look
ing to the relief of the subscribers.
At the appointed time, proxies from Bote-
tourt, Lexington, Rockbridge, Roanoke, and
Stanton assembled, but quorum of the
Stockholders not being present the meeting
was organized into conference, and res
olutlons were adopted providing,
First that the president of the road shall be
citizen Of Virginia and reside therein. and shall
not be an agent or officer of any other corpora
ton and his salary shall be 81 500 until the work
of constructing the road shall be resumed Sec
ond, that the board OF directors snail consist OF
seven, one from each OF the Corporations VINO are
representing the Valley corporation snail be GU
liens of Virginia. third the office OF the attorney
for the company shall be abolished fourth, the
principal office of the company shall continue in
Staunton. The fifth provides for the appoint
ment of directors to fill vacancies.
The conference also adopted the following pre-
amble and resolutions:
''Whe reas the counties and towns along the
line Of the Valley railroad having made repeated
efforts with the said Valley Railroad Company to
have the suspended work from Staunton to Salem
resumed and completed at an early day, SO that
the subscriptions from said counties might De
made availa BILE and they receive the Dement'S OF
a completed road, according to the promise OF the
troll Of the said Valley Railroad Company and the
conditions of said subscriptions, and the Balt1-
more and Ohio Company having failed to COM
ply with the promised conditions OF said sub
scription; therefore be it
',Resolved, That the Baltimore and Ohio Rail
road Company. at the annual meeting OF the VAL
ley Railroad Company, to be held in the city Of
Staunton in November, be most earnestly re-
Quested to give satisfactory guarantee that the
said work shall be resumed on or before the first
day of April, 1879, and pressed to early compile
ton.
road Company falling to respond satisfactorily to
the above resolutions, the great and vital inter
est of said counties demand that some prompt
or individuals to submit propositions for the
completion andrunning of the road.
Resolved, That committee OF five be apron o n
obtain from the Shenandoah Valley Railroad
Company, or other incorporated company, or
from any unincorporated association or private
persons, propositions for the construction OF the
road and for its equipment, and also for the lease
and running Of the whole road, OF for the trans.
fer Of the road or part OF 1t on the condition OF
immediate and speeoy construction OF the road.
Resolved, That. in failing of success in secur-
ing the resumption Of the work and completion
OF the road absolute satisfactory guarantee
therefor at the annual meeting in November, we
will take immediate steps for the repeal Of the
charter by the General Assembly or its judicial
forfeiture by the State authorities.
The preamble and resolutions were adopted by
a unanimous vote, except that the Staunton
proxies dissented from the proposition to amend
the bylaws.
Staunton was represented by Messrs. r.
W. Burke, Jno. B. Evans, and I. Witt.