The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1878-03-02

Adopted.
Upon motion and second, IL was resolved
that the presidcntnnd secretary pe author-
lied ana instructed to execute note to H,
NJ. Hammond, due February l., 1875, for six
hundred and ninety two (au8200) dollars, for
audited clulm adopted,
Upon motion and second, II was resolved
that the president and secretary be author
lied aud instructed to execute note to
McCOy Mccoy, due Fe, runry /, 1876, for
eight hundred and ninety.iivo dollars for
audited claim. Adopted.
Upon motion an 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. G alder, +.
Nj, Hammond, Mccoy n Mccoy and Daniel
HOrtwell. that tue board OF directors, and
the president and secretary be instructed,
authorized and empowered for the purpose
OF better 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, coop
crate franchises, chartered rights, privileges
claims and all material, Office furniture, iu-
struments, camp equipments and all per-
sonal aud real property OF every kind and
description whatever belonging to said cor
poration. Adopted unanimously. Board
adjourned.
j. W. CALDER, President,
+. M. HAMMOND, Secretary, ID. &W. X. II.
Co.
The proceedings of said pretended meeting
are void, because there was no Quorum pres
Cnt, and because there was no quorum preS-
ent competent to act In the matters of j. W.
Calder and Alexander Calder.
Plaintiff saith that II said Alexander CAL
der, had any real Interest In the said notes
and accounts passed upon by said board of
directors, ana consolidated into one note
(atter deducting credits of 81, 200 O0l OF TWEEN
N-one thousand and seven hundred and
nlnety-one dollars and seven cents, and
mortgage ordered to be given to secure the
same, n copy of which IN now on file In the
district clerks olice, of Dallas county,
marked exhibit "a, " that such interest con-
stituted only part, and but small part
Of the sum claimed, and the greater part
belonged to the said W, Calder, and III 4
the SAID mortgage was not given for tn pur.
pose of constructing said railroad, hut for
other and different consideration, ifany.
Plaintitt further saith, that the said reso-
luton and action of the said pretended
board OF directors proposing to authorize
the execu ion of mortgage, AS shown in
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.
4 at the said j. W. Calder by his yaunt-
Ing promises and pledges that he won d con-
struot the Dallas and Wichita railroad
winch was work of great Importance
10 the people OF DALLAS, had induced many
To believe that he would build said railro ID
so that for II long time, he had things his
own way, and pretty much controlled the
affairs OF said company, but when IL was
seen thAthe did little towards It's accom-
plishment, while he was contually bringing
lie % pany in debt tn himself. dissatlstac-
Ion among the stDckholier. Of said rail
ROAD ana among the people OF the CITY of
Dallas, which had subscribed slQ1 900 In city
bonds IN stock OF said company, began to
manifes, during the yea OF ISIS, and before
the ulO e. Of that year, had developed TO such
an extent that the said j. W, Calder foresaw
plainly, that II the majority OF the stock
holders ia said railroad company should be
allowed To control the affairs OF said COM
plnN, mat his career ms president would
close wito the next annual convention of
The stockholders, and In authorization of
such event, he improved the time before the
expiration of The term OF his office, while by
means OF proxies OF directors which he held,
aud his influence with some mem beers of the
bnard OF iTrclors, to swell his 81 i'm In the
name OF A. Calder, against the railroad com
pauy, TO the large sum Of s26.9gl.U7 In mon
ey, aud In addition, claimed TO be the owner
through himself and 9th rs of Oyei thr.a
hundred shares of paid up stock in said
company.
That while he was president, he received
large assets oftle said company, consulting
OF the sixty-six 1857 land certificates aboys
stated, and q large amount OF city bonds OF
the CITY OF Dallas, some TWEEN y-iye thOn-
sand dollars worth, for which SO FAR ss ths
minutes OF said railroad company show. ia
has rendered no return, submitted no co
= unit nor APP nroprlaied any part of them on
their proceeds TO ha payment of any de IL
OF the com pany, except 10 may be that the
credit OF 70, 30 stated IN the account submit
TED oy MIN as herein above stated, was a