Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-01-24
X. N. PACKET COMPANY.
A New Board of Directors Elected-Reso-
lutions Adopted Against the Assignment
Of the Company's Property.

| A New Board of Directors Eleeted-Reso
| lutfOns Adopted Against the Assignment
Of the Companys Property.
The st. Louis Republican of Saturday con
tains full account of the action of the stock
holders of the Keokuk Northern line packe
company, at meeting held in that city tn
day previous, called "for the election of min,
directors to serve for the ensuing year, and fo
the transaction of such other business as may
be brought before them.', The voting fol
directors resulted in the election O.
Henry Lourey, F. L. Johnston, R. G. Kerens
R. G. Gray, Darius Hunkins, T. H. Griffith
John F. Baker, j. O. Kennedy and James Fl
Andersen. Tho lastnamed gentleman is {
resident OF Keokuk. The others reside In st
Louis. The election of Messrs. Lourey
Johnston, Kerens, Gray, Hunkins and Griffith
was a reelection. The remaining three were
elected in place of D. R. Powell, Thos. B. Hill
and James Ward. At the meeting of the ole
board last Saturday afternoon, Mr.. Powell
voted with Messrs. Lourey and Johnston
against the resolution to assign the company't
property to receiver, and Messrs. Hill and
Ward voted with Messrs. Gray and Griffith In
favor of it. All three of the new members
Baker, Kennedy and Andersen, are Davidson
men, SO that the now board stands to 6
against the Hunkins faction. The new board
was organized by electing Mr.. Lourey presi
dent, and Mr.. Johnston secretary, by a vote oi
to 3.
The new board organized, the matter of the
assignment of stock of the company, for the
benefit of its creditors, made by the old board
was brought up by Mr.. Anderson, of Keokuk,
in resolution ratifying the assignment. to
which Mr.. A. a. M. Hutchinson offered a
substitute repudiating the same and declaring
1t null and void. Upon vote being taken the
subtitute was adopted, by $500 shares against
2,46l shares.
Capt. w. F. Davidson then offered the fol.
lowing resolutions, which were adopted by
the same vote.
RESOLVED, That the action on the part OF
the board Of directors of the Keokuk- Northern
line packet company on Saturday, January Is,
1851, and of D. Hunkins. president IF the
company, in pursuance thereof, whereby an
attempt to transfer the property of the com.
pany to Charles Green as assignee under the
insolvent laws Of the State Of Missouri was
unnecessary, unauthorized and against the in.
terests of this company and its creditors, and in
violation of their duties as directors, and
was an attempt by minority in interest to
ruin the company, and as against the company
was fraudulent. The assets of the company
being, in the judgment of the stockholders in
meeting assembled, ample to pay the debts and
leave surplus for working capital.
Resolued, That the attempted action on the
part of four members of the board be and is
hereby repudiated by the stockholders, as the
action of this company, and the newly-elected
board of directors are requested to make de-
mand on said Charles Green for the delivery
of any pretended conveyances which may have
been delivdred to him, should any have beer
SO delivered to him, and in case of refusal or
his part the newly-elected board shall take such
steps as may be deemed advisable to protect
the interests of the company