The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1881-07-07
Convention Of the Stockholders OF the
s.. ". r. z. Cnmnanv

Pursuant to call Of the President an,
Board Of Directors, convention of th
stockholders of the Savannah Valley Rail
road met in Lowndesville on Thursday
goth June, and was organized by the elec
ton Of Maj. E. B. Murray President, ant
John E. Breazeale, Esq, Secretary.
/ Delegates from all the townships that
subscribed to the capital stock of the Com.
pany, except Centreyille in Anderson coun.
ty, were enrolled as delegates, after which
the report of the President of the Com
pany was read, as follows:
To THE CONVENTION OF STOCKHOLDERS OF THE
SAyASNAn pa. VALLEY RAILROAD COMPANY On the
the Townships that had subscribed to the capital
stock of the Savannah Valley Railroad COMPANY
met at this place, adopted set of bylaws for the
government of the Company, and elected a Presi-
the time of the annual meeting of the stockbold.
ers Tor Wednesday after the second Monday in No
Vembcr, and BY resolution Of the Convention
ANDERSON z; h. was named US the place fol- the
next annual meeting The Townships that had
!ailed to elect delegates to the annual meeting In
!Sso, and the time passed without convention OF
Inc stoekholders. In consequence Of this failure
to hold the annual meeting and to elect a new
President and Board of Directors, The present
board, unier the the charter and bylaws have
heid over until their successors could Be elected
your bylaws give to the Board the power to call
special meetings Of the stockholders whenever thew
might deem 1t necessary to do so. q power which
ior several reasons they have not thought it prop
er TO exercise until now.
at your last meeting (in November, 1879 YOU re-
luesteo the President by resolution to procure On
lion with Edgefeld, and thence with Aiken. Ow-
ng 10 ihS failure to get the bill through the Lcyis.
AZURE In December, 1879, this was not accomplish
q until the last session. December, 1ssO) It was
Enterprise that we should, If possible, procure con-
net Labor to do the grading. Having failed to nro
ure couvicts from the Board entrusted with The |
,r,ng ~, Oh them on applications made in $780, re-
nth no better result. And more than ali, in the
arly Fall OF last year certain taxpayers residents
I the different Townships in Anderson that had
y aoser,oed 10 the capital stock of the Company,
ae taxes. and threatened to institute a suit or
lits in the Courts to test the validity of the tax
ach suit was imminent during the time of hold,
lg the Courts of this Circuit, and have been more
less 50 ever since; and not only checked, by its
me, Dut rendered 1t nexpedient, in the Judgment
the Board, to encounter its force in the primary
e,etings preliminary to the Convention Of stock
',aers. y ihey hesitated to call these meetings in
% lace OF SO determined an opposition; and hav-
8 IN the meantime addressed themselves to every
Ultimate expedfent to quiet and, if possible re-
owe II, they are gratided to be able to say that
acn , OF 1t has been overcome, and that, in their
i;snient, q better and more hopeful feeling pre-
lis In regard to the future OF the road No suit
been brought by the taxpayers in Ander- !
D, and the Board now entertain the hope that |
ne will be.
Moreover, the Board having in the Summer of
" commenced the work Of surveying and loca- q
g the road, desired to be able to report the com
tlon OF this part of the work to the next Con- I
ltlon OF the stockholders. The survey and final a
alton has been recently completed, but the Il
1rd regret that 1t has not been accomplished
hout creating dissatisfaction among certain tax
'ers In Calhoun Township, in Abbeylle County,
TO the line adopted through that Township. p
road In the Summer Of 1850, as many rs three -. =.
tes we're surveyed intersecting the Greenwood 81
.ul sta Railroad at different points-the Wes- III
J or Mt Carmel route, the middle or Kennedy
te, and the Eastern route. When Maj. Lee, the
lpany's Engineer was ready TO submit his ro- ~.
OF the survey, full meeting of the Board of g,
ectors was held at Anderson on the 23rd day OF -,
I, 1851 when, by previous notice and invitation, bl
IRA! gentlemen from Calhoun and Bordeaux | er
'nships interested in these different routes,
present to advocate the claims aud advanta,
oi each: Alter hearing their views fully, and
considering the advantages of each of these Di
. routes, both upon the report Of the Engineer ca
upon Tree inquiry Of the parties present, the
ID reached tho conclusion that the Western
combined more advantages than the other two
!, ana hnaliy adopted 1t making it, however
nditlon OF its adoption that the taxpayers or | on
ems OF bordeaux Township to be benefited by m a.'
line should secure to the Company an addi- pei
Il subscription of $4,000, Which they did by pu
secured bond, one-third Of which has been | cea
TO the Treasurer Of the Company mr.
view Of the opposition which the adoption of P.t
line has developed among the advocates and po'
as OF the middle line, commencing in local ma
ings disapproving the location of the road, !
In the institution Of law suit, sOu