The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-08-13

be at least the second named figure es-
pecially when one or two industries have
been secured
The stockholders lots s33. are not re
ferred to in this report.
The reports, as above given, We're fully
discussed, by stockholders present, and
Messrs. Mushback and Sheppard having
infinitely and clearly explained all the
transactions of the Company, the policy
that has controlled it, and the reasons
which have governed in the manage
lnent, r. G. Roades, offered the follow
ing resolution. which was unanimously
adopted:
RcsolUed, That this stockholders meeting hav-
ing heard the several reports submitted to it by
the President, Treasurer and General Manager,
and having heard the affairs Of the Company
fully discussed, hereby express its approval of
the management OF said Company by the Board
OF Directors during the period covered by said
reports
| On motion of G. A. Mushback, the
| following resolution was adopted:
| 1t being represented that F. L. Karnes will re-
lease his vendors lien upon all the lots drawn
by the stockholders. on the payment of S1250O to
| him, whereby each stakeholder viii be enabled
| to obtain a deed for his lot free of ell incum-
brance Resolped, That the Treasurer be instruct
| ed to pay to him tie said sum OF money, and
obtain such release at soon as, in the Judgment
of the Board of Directors, it is expeGient, and
that thereuron the President of this Company.
under the sal Of the Company, attested by the
Secretary, do execute and deliver to each stock
holder who IS fully paid up, or his assigns, a
| good anu sufficient deed, for their respective
| lots.
Col E. c. Best offered the following
! resolution W h ic h was unanimously
adopted:
Resolped. That from and after this date the
Board of Directors shall consist of nine mem
bers.
Col Best then placed in nomination
the following named persons for the re-
spective positions named, for the term
of 10 months, from this date, and they
were unanimously elected.
Presidents. M. Yost.
Vice-President-H Fl. Shepperd.
Directors-S NJ Yost, Staunton; e. A.
Mushback, Alexandria; John McQuaide,
and W. H. Fowle, Staunton; j. W. Per
ry, Norfolk John T. Cribbens, Staunton;
James L. Barbour, Washington, d. G.;
J. S. Mason, Fauquier county. Va, and
r. c. Roades, Ronceverta, w. Va
They were elected by a stockholders
vote of 1861 in the affirmative and none
in the negative.
On motion of John T. Cribbens it was
resolved that the salaries of the Secre-
tary- Treasurer and General Manager be
$125 per month each.
On motion of j. w. Perry it was
ResoJUed, That it is the sense of this meeting
that the Secretary be hereby instructed to adj
wise all delinquents of the amounts they respec-
| lively owe to the Company, and if such amounts
are not promptly paid, then the Board of Direc-
| tors shall proceed to take legal steps for the
collection of the same
On motion of g. A. Mushback, it was
Resolued, That the whole matter in all of it's
| details, of contracting for and acquiring an in
dustrial plant or plants, to be located on the
property OF the Company, be committed to the
Board of Directors,
Subsequent to the meeting of the
stockholders the Board of Directors con
vened and under instructions from the
stockholders proceeded to make provis-
ions for issuing unincumbered deeds to
the lots of all subscribers when their
stock is FULLY paid. These embrace the
1873 lots drawn by the stockholders
The meeting was throughout harmo-
NOUS, and the best feeling prevailed as
result of q thorough understanding of
the condition of the Company and the
many great advantages its property pos