The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1886-09-08
PORTLAND AND oCDENsBuRc.
Adjourned Meeting of the Stock
holders Yesterday Forenoon.

An adjourned meeting of the stockholders
of the Portland and Ogdensburg Railway
was held at the Company's offices on
Commercial street yesterday forenoon.
There were present Gen. Samuel j.
Anderson, the president of the COM
pany; Mayor Chapman, Gen. Francis Fes-
sender, Weston F. Milliken. Esq, H. N.
Jose, Esq, Hon. Fred n Dow, City Solicitor
Symonds, S. w. Thaxter, Esq, S. r. Small,
and Mr.. Charles II. Foye, secretary of the
company.
Previous to the stockholders meeting, a
meeting of the directors was held with Pres
ident Anderson in the chair. The record of
the last meeting was read by the clerk and
approved.
Mayor Chapman, in behalf of the COM
mittee appointed to see under what terms
the trust property could be transferred from
the hands of the trustees under the mort
gage of November 1, 1871, read the following
report:
To the Directors of the Portland and Og-
densburg Rdilludy:
The undersigned, a committee of the direc-
tors of the Portland and Ogdensburg Rail
way, appointed by vote of the board on June
%, 1886 copy of which vote is filed here
- AAANN~ 'ANAN
with, hereby report:
That they have conferred with the trustees
under the mortgage of the Portland and Og-
denSburg Railway Company dated NoyeuI-
Der l, 1871, in regard to the disbursements
which have been made by them as such trus-
tess for counsel fees and other expenses and
in regard to the amounts which they re-
spectiyely claim for compensation for their
services as such trustees and that the re-
suits of such conference are stated in the ac-
companying communication signed by said
trustees and in the statement of accounts pre-
sented by Mr.. Putnam as counsel for the
trustees, which is filed herewith, according
to which it appears that the sums charged
by the trustees for their services are $1,000
EACH amounting in all to the sum of $500.
And that the sum Of $7,7S4.03 is the nearest
| approximate statement that can now be had
| Of the accounts charged by the said trustees
| for their disbursements for counsel fees and
| ether expenses.
Upon payment Of these sums the trustees
| give to the new corporation suitable convey
| ances of all their right, title and interest in
the trust property.
CHARLES j. CHAPMAN,
FRANCIS FEssENDEN,
s. X. SMALL,
FRED N. Dow.
On motion of Mr.. ThaXter, the report was
adopted as the report Of the directors.
The following preamble and vote was
passed by the directors:
Whereas, the boDdholders under the fore
closed mortgages of the Portland & Ogdens-
| burg Railroad Company have duly consti-
| tuted and organized new corporation under
| the eme of the Portland & Ogdensburg
| railway, for all the purposes and with the
| rights and powers, duties and obligations OF
| said p. q .. r. L. Company by its charter
| and with all the purchases, rights, powers,
| privileges and obligations conferred upon
| said bondholders by the laws Of the States
| of Maine and New Hampshire; and where
| as, it is deemed advisable that the new cor
poration become partv to certain suits now
pending in which suits the original corpora
tion was party; it is therefore
Voted, That the president be and ne is
hereby authorized to sign the necessary
papers to enable the Portland & Ogdensburg
railway to intervene and become a party to
the suit in equity now pending in the United
States Circuit Court for the district of New
Hampshire, and the suit in equity now
pending in the Supreme Judicial Court for
Cumberland county, in which suits the Port
land Sc Ogdensburg Railroad Company was a
party defendant.
The directors meeting then adjourned.
The stockholders meeting was called to
order by President Anderson. The directors
presented their report in relation to the
transfer of the trust property from the
trustees to the new company, as printed
ABOVE. Inc report was accepted ana Or
dered upon file, upon motion of Mayor
Chapman.
The following vote was introduced by
Mayor Chapman and passed:
That the directors be requested to procure
from the Portland & Ogdcnsburg Railroad
Company suitable deeds Of release and quit
claim to this corporation of all its rights,
title and interest in and to the corporate
property in accordance with the terms Of the
decree of foreclosure.
The stockholders then adjourned sine die.