Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1882-05-23
SOUTH ATLANTIC AND ONO
RAILROAD.
stockholders Meeting.
Late Bristol Coal and Iron N. G, r. R.

Late Bristol Coal and Iron N. G. r. R. Co.
Pursuant 10 published notice, The stock
holders OF the South Atlan,ic aud Ohio
Railroad Company, formerly the b. e. &
I. n. @. r. R..mci NJ the Mayors office,
in the town of Goodson, on the l7lh day
OF May, 1882.
The President of the Company, Major
II. G.. Wood, al II o'clock IN. called the
meeting TO order, and ,ipon his niorion
the Hon. |. {. Fowler was requested 10
take the chair, which was adopted.
The chairman pro tenn then designated
under the bylaws the following commit
tees: On Stock and Proxies, II! w.
Holloway, j. +. Hicks, Stephen Jctt, W
w. james, j. +. Terry. On Permanent
Organization. NJ. B. Wood, T.. b. Hilton.
I. +. Bib, $. +. Mcconnell, w. IL.
Coldron. l i'' 0- "H
The meeting took a recess till O'Clock
Z. NJ. Ht.t Witr ~ NJ
. Tie meeting met again ut o'clock.
The Committee on Stock then made the
following report: The undersigned
having been appointed committee to
and the amount represented, beg leave
to state that we find 0,002 shares sub
scribed. Amount represented 10y proxies
and IN person, 9,SG4 shares, n very large
majority of the shares, all of which is re-
spectfhlly submitted.
III. W. Holloway,
Chairman.
Report Of committee adopted.
The Committee on Permanent Organ
ization then submitted their report to-
wit: |. G.. Fowler, permanent chair
man; j. +. Terry. secretary. On motion
of II. a. Ayrcs the report OF the commit
tee was adopted.
Mai. II. W. Holloway then offered the
following resolution, which was adopted
THAT, WHEREAS The stockholders have
learned with pleasure that the engineers
have so far completed the survey of thu
line OF road from Bristol To Big Stone
Gap as to enable the Company to make
an estimate of the probable cost of COM
pleting the same.
Therefore be it Rssolrcd That the Pres
ident aud directors be end they are here
by respectfully requested TO Increase the
number Of hands employed IN the con-
struriion with view 10 "a carly compile
ton Of ,aid road.
The chair ihcn appointed the following
gentlemen a> u Business Committee: X.
A. Ayrcs, ;. r. Ferguson, T.. ). Hawk
iHs. j. ". owen and J. i. Terry.
The President, III. &. Wood stated thai
he had nor prepared amy written report,
but gave verbal statement of the condi-
ton and prospect of the road
On motion VI II. 4. Ayrcs the meeting
ilies weal into the eicrtiou Of directors,
one OF which would De President. for the
eliFUing ycu. and ~ request 90 W. H..
CultiroD eenle vote WA atahcH ,us fol-
lows: Mai II. G.. Wood, president amt
director 9,S53, G-lQ; j. a. Aps, di-
rector. 0,Sj3 G-l0; W. II. Eoldrtn, direct
or, 0,Sj3 $40; NJ. $. Kemmerrcr, direct
or, 1855 clio; l.. Il. llydman, director,
p.Sj3 G-i0. Tie vote asabove being a
mnjorty Of the stock aud unanimous the
chair declared item elected. The meet
ing adjourned until 730 =. VI.
At S o'clock y. VI. the meeting met
aud proceeded TO business.
The following resolution, offered hy
Mai. H. &. Wodd was read aud adopted
RcS0iccd, That the act of the General
Assembly entitled "An act to change
The name Of the Bristol Coal and Iron
Narrow Guagc Railroad Company to the
South Atlantic aud Ohio Railroad Conn
pany aud confer certain privileges there
on, approved January 20, 1882, rs ne
ccptcd by resolution Of the Board Of Di-
rcrtors ON the let Of Fehr0ary, 1889, and
spread nj large upon tho miilnles be- and
the same Is hereby accepted and The said
au,'On Of The board Is hereby ratified.
The following resolution was reported
by tho committee and adopted;
RsSoircd, 'Thnt the Board OF Directors
of the Company I've and they 6rc hereby
vested with plepary power to make any
such contract and agreement rs may, III
their Judgment. be necessary 10 secure
the speedy construction Of the railroad,
with the right to change, modify u" re-
scind any contract Or c0ntl1lcts hcrctOfo, %
made with uny party or persons lUr the
beat Interest OF lliu Company. aud
EJsOired That Tor the purposciof ear
rylng out aud fulfilling The iurus OF any
conlwrl they may Dukn Va pursuance
hereof they are authorized to increase
the capital stock of the Company by the
issue mud sale of shares thereof 10 any
lawful amount and 10 issue bonds with
OF without conlnns aud sell ,nsdgn, trans.
fer, pledge aud hypolhcpplg the sgne IN
su6lf amount 30 suul tlnIe sad Wpoh such
tcrms as they may deem beat, and TO So
curr the payment thereof principal AMI
interest, byh mortgage or mortgages on
the property, rights aud franchises cf lllc
Company.
Mai, Holloway offered tic Following
which wnnadoptcd
Resoirci, Tint the ihnnkR of the stock-
holders nrs dus aiM are hereby rendered
10 the prrsldcpt and Directors Of The
CoMpanv nH Tho very ellcoilnd manage
mcnt Of the affairs of The Company.
Mai lluldway MAo offered The follow
Ing ..'
Rtsoirtd, That The thanks Ut the meet.
ing are due ahd are hereby tciidpfad The
Mayor vt 0oohson fir The ice OF his of.
lice 10 hold our meeting IN, AMI other
cnurtrslcs extended 10 ~.
Il, A, Ayrps offered the following,
hesolrta, Tint We recognize and highly
appreciate Tie very valuable services Of
The Superintendent and Engineer and hls
corps " usslsianis h plcecg0llng to q