The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1878-02-28
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Adopted,
Upon motion aud second, 10 was resolved
that the preSidontnnd secretary be author.
iHed ana instructed To execute note to H.
M. Hammond, due February /, 1875, for SIX
hundred and ninety two (el920O) dollars, Tor
audited ClNim adopted.
Upon motion and second, II was resolved
that the president and secretary be author
lied aud instructed to execute u note to
McCoy " Mccoy, due Fe ruary |, 1876, for
eight hundred and ninety-hve dollars for
audited claim. Adopted.
Upon motion ana second, IL was resolved.
that In consideration of the extension OF
time given TO the Dallas and Wichita rail
road company, on the notes of A. Calder, L,
NJ. Hammond, Mccoy N Mccoy and Daliel
HnrlSell, that tue board of directors, and
the president and secretary be instructed,
authorized and empowered for the purpose
OF potter securing said notes, to execute,
sign, seal and deliver mortgage, bearing
even date with the notes, upon the road bed
and bridges, right of way, Easements coon.
crate franchises, chartered rights, privileges,
claims and all material, Office furniture, in-
struments, camp equipments and all per
Eonal Il real property OF every kind and
description whatever belonging TO said cor
poration. Adopted unanimously. Board
adjourned.
Approved.
j. W, CALDER, President.
h. NJ. HAMMOND, Secretary,pD. 6W. II. r.,
Co.
The proceedings of said pretended meeting
are void, because there was no quorum pres.
Gnt, and because there was no Quorum pres
ent competent to act in the matters Of j, W.
Calder and Alexander Calder.
PIaintiil saith that II said Alexander CAL
der, had any real Interest in the said notes
and accounts passed upon by said board OF
directors, and consolidated into one note
latter deducting credits of -, 200 UW OF twen-
tv-one thousand and seven hundred and
ninety-one dollars and seven cents, and
mortgage ordered to be given to secure the
same, a copy Of which Is now ON file in the
district clerks office, OF Dallas county,
marked exhibit ga" that such interest con
stituted only part, and but n small part
of the sum claimed, and the greater mart
belonged 10 the said j W. Calder, and In 4
the said mortgage was not given for tn pur.
poSe OF constructing said Iailroad, but Tor
otherand different consideration, if any.
Plainiln further saith, thar the said reso.
luton ana action of the said pretended
board of directors proposing to au horige
inc eNccu Ion Of NOR; gag, us showniu
said proceedings Is void for want OF power
IN said board of directors or in any board of
directors of the Dallas and Wichita railroad
company, execute any such mortgage
upon such consideration
L at the said j. W. Calder by his yaunt-
ing p-oinis sand pledges that he wou d con.
siiucl the Da las aud Wichita railrl adj,
which was work of great Importance
W Ut ptOploOl bAllaS, nuu induced MANY
TO believe that he would build said railro {,
SO tnat for "a long time, he had things his
own way, and pretty much coLtrO led the
Affairs OF sad company, but when 1t was
seen that he did little towards it's accom-
plishment, while he was contually bringing
NE CD pany in debt to himself, diSsaIi sfaC.
non among the stockholders OF said rail.
road, and among the PEG le % the City of
DALLAS, which had subscribed $1,000 0 In city
bonds in stock OF said compan, began TO
manifest during the yea OF ISIS, aud befo Q
ne clo'e OF that year, had developed To such
IN extent that the said j. W. Calder foresaw
plainly, that II the majority of the stock
holders In said railroad company should be
allowed TO control the affairs OF said COM
lany, that his career as president would
nose VIII the next annual convention of
ne ockholders, and In anticipation of
uch event, he improved the time before the
'Npira lon OF the term OF his office, while by
means fproxi of directors winch he held,
md his influence with some member of TIE
'nard of irectors, to swell his cl i'm i'm the
lame OF A. Calder, against the railroad COM
'any, 10 the large sum OF s26,9gl.U7 in mon
v, ana in al itpn, claim ed to be the owner
through himself and 9th rs OF over tor q
hundred shares OF paid mp stock in said
ompanv.
That while he was president, he received
nrge assets ofthe said company, consisting
4 the sixty-si l6h) land certificates above
tat q, and large amount OF city bo1ds o
he city ~ Dal as. some TWEEN y-fve thou
and dollars worth, for which so far as tn
minutes OF said rai IL DAD company show, h
las rendered no return submitted no q