The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1879-12-10
STOCKHOLDERS CONVEN--
TON
on THE EAST TENN, VA. d Ga.
RAILROAD COMPANY

The Annual Convention of the Stock
holders of the East Tennessee, Virginia
and Georgia Railroad Company occur
red in the Company's depot in this city,
Yesterday. The Convention was called
10 order by DR.. W. r. Sewer, of Jones
boro' at 10 O'Clock, and was organized
bv electing Jos. r. Anderson, Esq, OF
Bristol, Chairman, and Frank A. Moses,
of this city, Secretary.
On motion, a recess of one hour was
taken, in order to give the Stockholders
time to vote.
At the re-assembling after noon, Presi-
dent r. T. Wilson read the report OF the
committee on the bonded Indebtedness,
and made some statements which show
such Indebtedness to be about 81 ,O42, OOO,
which will mature in the course Of the
NEXT five wears. OF said amount, the
| first to be provided for is $237, 900 of the
| old E. T. s. G. Railroad bonds, which
| fall due in July, 1880.
! President Wilson also submitted, In
the shape of resolution, three plans by
| which the money to meet this demand
| NAV be raised, which resolutions were
adopted, with the understanding that
whichever plan is agreed upon, the 9TH
er two will be annulled.
Col. Jas. NJ Meek, of New Market,
| offered in this connection a resolution,
which was adopted, instructing the Di'
rectors to exhaust all efforts to secure
the funds on the first plan proposed, be
fore resorting to the other two, OF
either.
President Wilson next read paper
setting forth the facts about the propos
ed amendment of the lease existing be
tween the Memphis and Charleston Rail
| 4 4 NAnnRQGPR
Virginia and GeOrgia-which is fully
explained in his report, published by Vi
and offered a resolution proposing TIT
adoption of said amendment, explaining
It's great advantages
The resolution was adopted.
The result of the election of Boar'
of Directors, fifteen in number, for tn
ensuing year was then announced, a
follows:
Jos. R. Anderson, Bristol; Thos G
Barrett, Augusta, Ga; Adrian lselin
New York; r. c. Jackson, Knoxville
NJ. K. Jesup, New York; Joseph Jacques
Knoxville; VIM G. Kyle, Whitesburg
: G. M. McGhee, Knoxville; B. F. New
conner, Baltimore; S. D. Reynolds, Lou
, don; r. H Richards, Atlanta, Ga. ID
W. r. Sewer, JOnesbOrO'; E j. Sanford
Knoxville; w. T. Walters, Baltimore
| IL. L. wilson, new 1OTk.
A resolution was presented and adoI
, ted changing the time of holding tn
Stockholders Convention from the SCI
ond Wednesday in October till the sec
ond w ednesday in November, each yea
also comforting upon the President til
{ power to postpone the meeting by 81
! ing go days notice.
On motion, it was resolved that whe
) the Convention adjourn 1t be to meet {
: the call of the President, instead of s51
( de-
No other business, the ConventiC
then adjourned.
e DIRECTORS MEETING.
] The Board of Directors, above me-
toned, held a meeting last night, al
p reelected Is officers of the road for ii
ensuing year, Maj. r. 7. Wilson, Pre-
ident; Col. c. M McGhee, Vice Pre-
= ident; James G. Mitchell, Secretary al
e Treasurer. The other management
8 the road is also continued without al
change, and is as follows: o. II.
Rogan, Auditor and Paymaster; Maj.
F. O'Brien, Superintendent and Chi
+ Engineer; J. B. Hoxsie, Master of Tran
portation; James r. Ogden, Gener
= Freight and Passenger Agent
The report of the President, Col.
T. Wilson, is a concise and plain exl
bition of the condition of the cOmpan
proving that Notwithstanding IN
sual difficulties have arisen tn
have been satisfactorily met and Ov'
, come. We make the following extra
. from the report, showing what the ear
iugs of the road have been as cOmpar