Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1886-12-29
RAILROAD MEETING.
LYNCHBuRe. HALIFAX AND NORTH
CAROLINA STOCKHOLDERS.
Action Looking to Consolidation with
North Carolina Lines-xlsction
Of officers.
rsp.c,s, ,eleenm 70 the Dispatch

Ly,;cBBrrG. Va, December 2s.-At
meeting Of the stockholders OF the Lynch
burg. Halifax and North Carolina Railroad
Canpany held to-day more than tie re-
duisiie amount OF stock was represented.
President Otey read q satisfactory report,
which was adopted unanimously. Tue
meeting was held looking To closer union
With the Roxboro' and Durham and Rox-
boro' railroads In North Carolina. OWING
10 the failure Of the charter OF the Lynch
burg, Halifax and North Carolina To grant
such power the company cannot, without
further enabling legislation, consolidate IT,
stock and assets with the other two eompf
mes. with view of comprising the DIFF
ficnltv, Captain G. NJ. BlackfOrd offered the
following resolutions, which were adopted.
The same resolutions will be presented to
the stockholders az the meeting OF both the
other roads:
Whereas Il i deemed essential &c the sue
cess OF the scheme looking to the coustruc-
ton Of a railway between the CITY OF Lynch
burg, IN the state Of Virginia, and the
town Of Durham. in North Carolina, that
each Of the railroad companies authorized
to build sections OF said hno shall be united
under a common management anu cohtroi,
and aS soon a. practicable shall DE con
soliGaied under common charter; tnef'-
fore he II
ReSolred by the stockholders OF the Lunch.
b,,yg. bthtGy and North Carolina railroad
IN general meeting sembledl. That the
president and Board Of Directors OF said
COMPANY are hereby authorized and en-
powered 10 enter into such contract II
thew NAV deem proper for and on behalf OF
mi. comnauy with the RoXboro' Railroad
COMPANY and the Durham and RoXboro
Railroad Company for the purpose
OF uniting and connecting the line
of This company with the lines
of said above companies, ana TO
thai end the said president and Board
OF Directors are hereby invested with all
the powers conferred on the stockholders
OF aid company by law, but IN making
.urh contracts said Board OF Directors
will be- careful TO see that the corporate
rights Of this company are secured, ana
that the terms and conditions oil all pubic
and urlyate subscriptions TO the capital
took OF this company are duly respected.
ReSohred, That the president ana Board
of Directors OF this company are hereby IN
structed and empowered TO use all proper
endeayOrs 10 secure such legislation on the
mart of tine St2tcs OF Virginia and North
| Carolina a. NAV bc necessary to complete
fbe consolidation Of this company With the
| Roxboro' and the Durham and BOXbOro'
| railroad companies upon basis OF . merge
| Of the stock. assets. aud powers OF said
| companies under one charter.
| The following officers were elected Tor
! three YEAR President. Peter j. Otey, oi
| Lvncbburc; Nice-President, Wood Boul-
avn. OF Halifax. Directors J. ii. Frank
| lin, >. Il. Clark, NJ. II. Payne, and A. W.
| Nowlin, Ol Lynchburg II. A. Edmund
ION, Joseph Sicbbins. and Robert W. Wat
kns. Of Halifax; Robert W.Wither-, John
W. CLAY. and J. NJ. lawson, Of Campbell.
A resolution was adopted authorizing
the presideni and Board OF Director, Il
issue mortgage hond-. The result Gi tux
meeting wa, ,erv satisfactory 10 all con
| cpTuCd,