The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-07-04

INCREASE OF CAPITAL STOCK AGREED UPON BIZ
THE STOCKHOLDERS IN ACCORDANCE WITH
THE RECENT ACT. OF THE LEGISLATURE.
A meeting of the stockholders Of the
Richmond and Danville Railroad Company
was held in the office OF the company In
this city yesterday, commencing at noon.
On motion Mr. A. Y. Stokes was called to
the chair. Mr.. Il. p. Brooke acted rs Sec
retary..
On motion Of Colonel A. s. Buford the
following resolutions were adopted:
RESOLVED, That this company hereby ac-
cepts the provisions Of the act Of the Gen.
eral Assembly OF Virginia approved April
%, 1882, entitled an act to authorize the
Richmond and Danville Railroad Company
to increase its capital stock, and that the
President OF this company be, and he Is
hereby, authorized and directed 10 execute
and deliver, on behalf Of this company,
the deed Of release mentioned and pro-
vided for in said act Of Assembly.
Whereas the capital stock OF the Rich
mond and West Point Terminal Railway
and Warehouse Company has for good and
sufficient reasons appearing TO eaid COM
pany, and in pursuance Of authority thereto
given, increased its capital stock from $5,-
600, 900 to SI5,000,000, with the privilege to
all stockholders to subscribe to such in
creased stock in the proportion Of two
shares for one OF said stock heretofore held,
upon payment OF S35 per share OF such
increased stock, and has extended
to the Richmond and Danville Railroad
Company the option Of paying Sl,000,0 900
of such subscription to be made on behalf
Of this company in the capital stock Of this
company at par; and whereas the Board
OF Directors Of this company on the 29th
day Of May, 1882, accepted on behalf OF
this company the privilege OF subscribing
to such increased stock in the proportion
and on the terms aforesaid, and also
the option OF paying for Sl,000,00O
thereof in the capital stock Of this
company as aforesaid, subject to the ap-
proval OF the stockholders Of this COM
pany; and whereas it is deemed important
to this company in reference to its present
large holding in the capital stock OF the
said Richmond and West Point Terminal
Railway and Warehouse Company, and in
reference to the continued control by this
company Of a majority OF the capital stock
Of the said Terminal Company, that the
subscription aforesaid on behalf OF this
company should be perfected and pro.
vided for; therefore
Resolved, That the action Of the Board OF
Directors aforesaid, accepting the privilege
OF subscribing for $4,000 additional share:
OF the capital stock Of the SAID Richmond
ard West Point Terminal Railway ant
Warehouse Company, and accepting the
option aforesaid Of paying $1,000, 900 there
OF in the capital stock OF this company n
par be, and the same is hereby, approved
and such privilege and option are hereby
accepted by this company, and the presi
dent Of this company is hereby authorized
to make the subscription aforesaid upol
the terms above stated.
ReSoiUed, That the president and Boart
OF Directors be, and they are hereby, an
thorized to take such action rs may be ne
cessary to carry out the foregoing and T.
cause ten thousand shares OF the capita
stock OF this company TO be issued and de
livered in payment Of one million dollar
OF its subscription aforesaid.
AdiournpI