West Virginia freeman. (Parkersburg, W. Va.) 1881-1886, 1881-05-04
Wheeling, Parkersburg & Charles
ton Railroad.
First Regular Meeting Of the Corpora
tors and Board Of Directors.
OFFICIAL PROCEEDINGS.

Al meeting of the corporators
of the w. P. & c. r. R. Co. at J. n
Camden's office in the city of Par
kersburg, on Thursday. D. r. Neal,
Esq, was called to preside, and w.
n, Chancellor elected Secretary.
Mr. Neal stated the object of the
meeting and said that the BODY was
ready to proceed with business.
Mr.. |. N, Smith, of Charleston
offered the following resolution,
which was adopted
WHEREAS, The law relating to
railroads is more or less ambiguous.
Resotced, That for the present the
corporators will take no action look
ing to a permanent organization of
the corporation.
Resotoed, That under the 54th
section of chapter II, of the Acts of
the 10th session of the Legislature
OF West Virginia, we adopt the fol-
lowing regulations for our present
proceedings:
l. That subscriptions be taken
tor stock at once at this meeting.
2. That if the stock is subscribed,
the stockholders shall effect tenn
porary organization by the election
of President and Directors for the
Company.
3. That we as corporators duly
authorized SO to do, designate the
city of Parkersburg and the office
OF j. N. Camden in said city as the
place, and half-past two o'clock, D.
M, April %, 1881, as the time for
the first meeting of the stockhold-
ers of the company.
At the time appointed the corpor-
ators met and opened the books for
subscriptions. A large number of
shares being subscribed for, on mo-
ton the meeting resolved itself
into stockholders meeting, with
the same officers, viz D. r. Neal,
Chairman w. N. Chancellor, Secre-
tary.
On motion, it was resolved that
until suitable bylaws are adopted ::
LIST. That the principal place of
business shall be Parkersburg.
End. That the time of the first
annual meeting shall be on the
10Th day of May, 1881.
3rd That the number of the
board of directors shall be nine.
On motion the following persons
were elected directors: D. R. Neal,
B. w. Byrne, /. N. Smith, R. H.
Browse, G. H. Shattuck, J. II. Riley,
w. F. Peterson, John Mcclure and
w. N. Chancellor.
On motion a Committee (Messrs.
Smith, Ferguson and Byrne,) was
appointed by the President to draft
bylaws for the government of the
company to be submitted to the
stockholders at their first annual
meeting.
1t was then resolved that the di-
rectors be authorized to procure
suitable seal and stock book.
On motion the following bylaw
was adopted:
"The directors shall have power
to elect Secretary and Treasurer,
who shall hold their offices until the
first annual meeting, or until their
successors are appointed"
On motion the stockholders meet
ing adjourned.
DIRECTORS MEETING.
The Board of directors elected by
the stock holders, as above, met i'm
mediately after the stockholders
meeting adjourned and organized,
and transacted the following bust
ness:
Mr.. D R. Neal was elected Pres
dent, and w. N. Chancellor Secre-
tary and Treasurer.
The first annual meeting of the di-
rectors was fixed for the 10Th day of
May, 1881.
The President and Secretary were
authorized to call for such per cent.
of subscription as might be necessa-
ry, at their discretion.
A resolution was adopted author
izing the President with the assent
of two of the directors to employ a
competent surveyor. Colonel Camp