The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-12-11
| dividends CT four dollars per share, payable
semi-anDualiy.
The following substitute was offered by

dividends CT four dollars per share, payable
semi-anDualiy.
The following substitute was offered by
General Logan:
/ Resolped, That "a additional motive
bower and rolling stock will be needed al
once to transport the fargely-Incrrasing
business OF the company, as explained in
the report OF the President and OF the Su-
perintendent. the stockholders recommend
that the surplus revenues OF the company
be expended during the present year in in
creasing the equipment OF the road and in
improving still further its condition.
After quite lengthy discussion, Mr..
Campbell withdrew his resolution, and the
substitute was unanimously adopted.
To the Stockholders Of the Richmond and
DanUille Railroad Company:
The committe to whom were referred the
reports OF the President and Examining
Committee beg leave to report that they
have performed the duty assigned to them,
and recommend the adoption by the stock
holders OF the following resolutions:
ResoEued, That the report Of the Presl-
dent be accepted and approved, aud that
the suggestions OF the Examining Commit
tee be referred to The President and Board
OF Directors for appropriate action.
Resolued, That the stockholders Of the
Richmond and Danville Railroad Company
have heard with great satisfaction the re-
ports OF the President and Superintendent,
showing an unprecedented condition OF
success and prosperity in our affairs; that
they cordially commend the prudent and
wise policy OF the President and Board OF
Directors in the past, and feel that they can
safely sand confidently enttnst them With
their interests in the future.
The committee have maturely considered
that portion of the presidents report in
reference to the proposed resumption OF
work on the KeysvilIe and Clarksrille raj
road. and recommend the adoption OF the
following resolutions-Viz.
Resotred, That the stockholders OF this
company witness with pleasure the lndlca-
tons Of renewed purpose on the part OF
The people OF Mecklenburg and Charlotte
counties and OF the city OF Richmond TO re-
sumo and complete the unfinished line OF
railway between KeySYille and Clarksvlile,
Va.
ReSoLved, That this company hereby eX-
press their continued interest IN the COM
pletion OF this road, and will give such en-
couragement and aid in the efforts now
proposed as the interests and circumstances
OF the company will justify.
Resoiued, That the President and Board
OF Directors Of this company be, and are
hereby, authorized to take such action to
promote and aid the proposed work as they
shall deem the best interests OF the company
to require in connection Herewith when
ever they shall be OF opinion that the ne
cessary and proper action has been had by
the other friends OF the work to secure its
early completion.
The following substitute was offered by
Mr.. r. T. Hubbard:
Provided, That nothing in these resolu.
tions shall be so construed rs to authorize
any increase OF the funded debt OF the COM
pany or the expenditure OF any sum which
may not be met out OF the current re-
sources OF the company.
The committee agreed to the substitute,
and the report and substitute were unani-
mously adopted.
Colonel 4. L. Buford and the old direct
ors were reelected.
Adjourned.