Vicksburg weekly herald., 1878-04-26

The Mississippi Valley and ship
Island Railroad The StOcks
holders have q ThIFd Meeting
ana Make a Harmonious Set.
element.
This road made another step forward
yesterday, In final settlement with the
resident stockholders, aud a great oh.
stacle to the resumption Of work upon
1t has now been removed. The stock.
holders, as we'll as Col. Case and bis
associates, have had but one object iu
view-the building Of the road-but
they have differed on some material
conflicting points, and bad that differ
ence continued, It might have proved
serious obstruction to the enterprise.
The stockholders have acted, however,
solely with reference TO the public
good, and In this spirit, hAve met half.
way. At the meeting, yesterday even
ing, The following contract was unan.
imously agreed TO, and all the stock
holders present signed 1t. 1t explains
itself:
NICKsBUEG, April %, 1873.
WHEREAS, A proposition has been SUBJ
milted to the stockholders OF the Missis-
sippi Valley and Ship Island Railroad
Company by W. e. Case aud assO
Ciates, to the effect that they shall sur.
render their stock in said Company
and shall assign the same over TO w. X.
Ingersoll, as Trustee, on the following
terms and conditions, to-wit:
The said w. X. lngersoll, as Trustee,
shall hold said stock SO assigned to
him until The said Case and his asso.
ciates shall deliver to him five thousand
$4,000 dollars of new stock in said
Company, the whole amount Of said
stock to be fixed at 500 900, the said
$1,000 In said stock to be distributed
by said Trustee pro rata among the old
stockholders In said Company, who
shall enter into this agreement, accord.
iLg TO the amount Of stock held By
them respectively. Aud when said
stock shall be delivered TO said Trustee
for such distribution, he shalt thereupOu
be authorized and empowered TO trans
fer the stock assigned by us severallY
10 w. G. Case and associates, or to can
Gel the same, or to make such other
disposition thereof as the said Case and
associates may direct,
And we hereby subscribe, assent and
agree 10 said proposition, and for the
purpose of carrying the same into eff
feet we, severallY, hereby make, con
stitute and appoint the said w, X, In
gersoll onr agent and attorney In fact
with full power and authority as such
attorney 10 make such transfer Of said
stock upon the books Of said Company
or TO do and perform such acts and
things as may be necessary 10 carry Ou
the purpose and intent of this writing
and we do further authorize aud EN-
power the said lngersoll, IS such Trus
tee, to vote said stock at any regular
or PpeciAl meeting of said stockhOlderI
which may be held during the conIin'
uance OF said trust.
II is understood that said railroad
shall be completed across the Big BlacE
river In the manner and within the
time provided for In the recent Act OIL
the Legislature of the State OF Missls.
slppi, and of the agreements with tht
county, and ordinance Of the city o
Vlcksburg to carry it north Of Clay
street in said city.
In default whereof, this instrumen
shall be void aud OF no effect, other
wise to remain In full force and virtue
In witness whereof, we have here
unto set our hands and seal this twenty
third day OF April, AID, 1878