Clarke courier. [volume] (Berryville, Va.) 1869-1997, 1901-02-13

upon which the report was based.
This report also set forth the several
amounts alleged to be due from the
various stock holders upon calls here
totore made 10y the company, and the
decree of January 5, 1898, directed
the several sums ascertaIned TO be
due from the stockholders 10 be paid
To Thomas ID. Gold, receiver of the
court, aud if not paid within spec
lned time be was ordered 10 institute
suits at law against the stock holders
ia default.
Among the documentary evidence
lied before the commissioners aud
returned with this report is the re-
cord of the hrst and only meeting OF
the stockholders of tho Berryvllle
Land and improvement Company
neld October %, 1891, at which
meeting the following resolution was
adopted:
Resolved, That the Board of Di-
rectors be authorized to assess the
stockholders for sufficient sum 10
pay the Indebtedness Of the COMPANY,
aud thereafter there shall be no fur
tner assessment except by the direc-
ton of the stockholders"
When the BerryyiIle Company was
organized a. Moore, Jr., was elected
president, aud at meeting Of the
Board of Directors held November :,
1880, his salary as president and gen
erdi mauager was liked at -, 900 per
aunum; that OF IhOs. ID. Gold, treas
urer, at $1,000 per auuum; aud thai
Oh Edward y. richardson, secretary g,
Al T4UO per annum; anu, by = reSo
luton OF the Board Ut Directors, uaL-
cd November ., 1890, the salary ui
the president anu general mauagvi
was Increased TO $4,000 per auuuu,
aud on the same day the Board OF
Directors adopted tue following reso-
luton:
The members of the Execu-
tive Committee, excepting the presI-
dent, be each allowed so month
foI the period of SIX months, as re-
muneratIOn for their services"
On the 29th of October, 1891, the
following resolution was adopted:
"Resolved, That the president ol
the company be elected general mau
Ager for the ensuing year, and that
nis salary be fixed at $1,000 per au-
mum, payable monthly"
As mas already been said, the first
and only general meeting OF the
stocA holders Of the BerryNlle Com-
pany was held on October Is, 1891.
Al THIS meeting the Board OF DIrec-
tOrs, through Its president, and Iho>.
ID. Gold, treasurer, made reports, auu
the latter purpOrts 10 embrace ''tuo
entire receipts and disbursements,
and showing actual assets aud nabI.-
tiles AS of October p, 1891" AmunA
the Items appearing III thlS report Is
one for S3,49S.l3 for salaries paid,
aud another for 81, 1891 for sala-
rles due and unpaid.
al pom motion of NJ. w. Jones, the
meeting resolved itself into com
mIttee to consider both the above re-
port and TO ask questions about The
same. After some time spent IN the
discussion OF the above reports II Wa,
moved 10y Joseph Price that tn,
treaSurer's report be adopted, which
motion was carried"
On motion of j. T. Griffith, tn,
following resolution was adopted:
"ResOlved, That this general meet
ing of stock holders having heard tn,
report of the Board OF Directors anl
OF the treasurer, hereby confirm aut
ratify the actions aud proceedings u
the Board of Directors for the hrs
twelve months; and then upon tn
motion of Joseph Price the resoluuo.
already quoted was adopted, which
forbids any further assessment ex cep
by direction of the stockholders.
On the 3Oth of April, 1892, tn
Berryville Land and improvement
Company borrowed of A. Moore, Jr.
! $4,000, for which it gave its bond
payable twelve months after date
with interest, and secured it by dee,
of trust upon certain real estate; an,
on the 2Sth of July, 1892, it borrow
ed from him the further sum of S3.