The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1878-12-04
STOCKHOLDERS MEETING.
East Tennessee, Virginia and
Georgia Railroad Company.
ON fine KnoxyiIle Tribune.

der by Col. j. r. Anderson and upon
motion DR.. w. r. Sewer was elected
Chairman and Frank A. Moses Sec
retary.
] Messrs. H. B. Davis. John White
and S. I. Newman, were appointed
Judges, and Messrs. w. P. Miner,
R. H. Campbell and H. w. Lynn,
clerks, to hold the rlection for Di.
rectors for the ensuing year.
The reports of President Wilson
and Vice President McGhee which
were published in the Tribune of
yesterday, were read by the Secre-
tary, and upon motion of j. r. An
derson adopted and the usual num-
Der ordered printed for distribution
among the stockholders.
The following resolutions which
had been adopted by the Board of
| Directors were read:
TRIBUTE OF RESPECT TO THE MEMORY
OF JOS. H. EARNEST.
To the President and Directors Of the
East Tennessee. Vtrginia and Geor.
gia Railroad Company:
1t devolves upon your committee
to instance the great loss which has
been sustained by the Board. since
! its last meeting, in the death of Jos.
H. Earnest, who, for many years was
one of its members.
Tributes to the dead are often
formal, commonplace and meaning
less, but we feel that we but echo
the sentiment of all who knew him
when we say that his death was q
public calamity.
In social life, the deceased was
distinguished for his strict, uniform
and supreme regard for what he con-
ceived to be just and honorable. His
genial nature rendered him uniform
ly polite to ever class, and attentive
to the story of sorrow. suffering or
want, whilst his hands we're ever
ready and willing in the ministra-
tions of kindness and love. He was
sincere in his friendships, faithful in
his attachments and conscientiously
alive to every call Of duty to God |
and to his fellow men.
AS Director of your Company he
contributed much by reason of his
practical business capacity, his sound |
judgement, his sage counsel and his
energy TO its success. But he is
gone? We shall greet his cheerful |
face no more in the walks of life. |
Peace be to his ashes! and may the
unalloyed and perpetual rest and re-
ward of the just be his.
To his bereaved family we beg to |
express our heartfelt sympathy, and /
to mingle our griefs with theirs over
The freshturned earth which marks
the resting place of al that is mortal |
of our beloved friend.
Resolved, That a copy of these
proceedings be furnished the family
of the deceased and that the same
be spread on the minutes of the
Board. w. r. SEWER,
JOSEPH JAQUEs,
Jos. r. ANDERSON,
Committee
On motion of T. G. Barrett the
resolutions were adopted by the con
vention, and it was ordered that they |
be spread upon the minutes and
copy sent to the family of the de-
ceased. 1t was also ordered that
the Knoxville papers be requested !
to publish the resolutions.
In order to give the stockholders
time to vote in the election for Di-
rectors. the Convention then took a
recess until o'clock.
AFTERNOON SESSION.
The Convention was called to or
der at 2 o'clock p. m. by the Chair
man.
President Wilson stated that in
view Of the fact that a portion of the
bonded Indebtedness of the Com
pany would mature July 1st, 1880. |
it was deemed expedient to bring
the matter to the attention of the
stockholders in order that the Board |
of Directors might be authorized to
make arrangement for its payment.
Mr. Wilson offered the following
resolutions
WHEREAS, in order 10 provide
means with which to take up the
bonded Indebtedness Of this compa-
ny consisting of the divisional bond.
ed indeb' edness of the East Tennes-
see and Virginia Railroad Company
and the East Tennessee and Geor-
gia Railroad Company, which indeb-
tedness was assumed in the consoli-
dation of these companies by the
East Tennessee, Virginia and Geor-
gia Railroad Company. and also to
provide means to take up on or be-
fore the meeting the direct bonded
indebtedness of this company consis-
ting of an issue of three million and |
five hundred thousand dollars of sev.
en- per cent. bonds, il will in all pro-
liability become necessary to create
one or more series of bonds; now,
therefore,
ReSolUed, That the President and |
Directors be and they are hereby |
authorized and empowered to issue
and use the bonds of this Company
in such amounts and at such times
and rates of interests as in their
Judgment may be essential and neces-
sary for the above purpose and to
secure the same by such mortgages
upon the property and franchises of
this Comnauy as they shall deem es-