The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1883-05-17
Total disbursements 40 asI

lOlul ulsUuTSetneNlS........ ~
The reports Of the President and Treasu-
rer were referred to committees, which re-
ported favorably upon the same and recon-
mended their adoption, which was agreed
to.
The following preamble and resolution,
which were offered by Gen. w. W. Hum
phrcys. were adopted:
Whereas, from the amount of grading
completed and the amount subscribed from
various sources to the capital stock of the
=. V. K. X. Co., the Convention is not
without hope that q sum sufficient will be
realized to resume the work and complete
the grading, and it may become necessary,
before the next annual meeting, to urge for
ward the completion of the road by put
ting on the supcrstructure and equipping
it. Therefore, be it
Resoired Tint whenever in their judg,.
inent the time shall have arrived to conf
plete the road as above indicated, the Pres.
idpnt and Board of Directors be authorized
and empowered in their discretion to create
bonded debt of such All amount as shall
be necessary to secure the completion and
equipment of the road and to issue bonds
in such denominations as shall seem to
them advisable; and, to secure the pay
ment of the same, to execute first mort
gage of the said ruad and its franchises, and
all the property Of the road, as is usual in
such cases and to take such steps in plac-
ing and disposing Of said bonds, or such
promote the end in view and that free
power and authority as to all details,
amount of bonds, rate of interest, time
when payable, denomination Of bonds, and
any other details not herein mentioned, be
conferred upon the said President and
Board Of Directors.
The election of officers EnItha next snsu-
ing year was announced to be in order,
whereupon Col. Jas. Nj. Latimer arose and
said:
Before going into the election of officers
I would like TO make q statement. Ever
since the permanent organization of the
Company, more than three years ago.
have served as President. have done
what could to further the enterprise, even
neglecting my own private affairs. This
have d. ne cheeriully, and without any
compensation. desire 10 state in advance
that l cannot accept the position longer,
although shall not suffer my interest in
the enterprise to abate. I desire to nomi-
nate one who has been friend to the en-
terprise from the first, aud has done rs
much for the road as any other lnun. /
nominate for President OF the Savannah
Valley Railroad Company, w. w. Hum
phreys.
The nomination. was seconded, and Gen.
Humphreys unanimously elected.
The election for nine Directors was then
entered into by ballot, and resulted as
follows: Jas. N. Latimer, ST., B. F. Whit
ner, 8. Bleckley, J. N. Brown, Dr. J. A.
Gilbert, w. G. Watson, r. II. May, p. X
McCully and DR.. T. ;. Hester.
The following resolution, which was Of
fered by r. l.. Morehead, was unanimously
adopted, by rising vote.
Resolved, That this Convention desire t.
tender Col. Jas. Al. Lalimer their thanks
for the valuable services which he has rem.
dered, gratuitously, for more than three
years as President Of the Savannah Valley
Railroad Company. Being one of the first
and the principal originator OF the enter
prise, he has not suffered bis zeal for thu
success of the road to abatc from Its first
| conception to the present time, making hii
| own private affairs o secondary object, he
justly deserves not only the thanks OF tn
Company, but the gratit' 1e OF all who wi!
be benefited in the c'r pi ttlon OF the ROAD
Afler protest bei..s entered BY Col. J
w. Norris against electing the Board o
Directors by nomination from the floor o
the Convention and by ballot. as being
departure from the precedent established o
electing one Director from each township
and two from the city OF Anderson, tn
Convention adjourned.