The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1902-11-25
WilmingtOn's Tobacco
Warehouse Project
Assured.
MEETING HELD
The Wilmington r sacco Ware
,cy-Dircctors EIcCted-Commfffce
spoinsed to select u SIte-Tbe nj
rrrtors viii Meet This Auersosn
- .Iert OniccrS.

the charter OF the Wilmington Tobacco
Warehouse Company. The corporators
are Messrs. ". + Worth George T..
French. George O. Gaylord. II. L. Vol
lers. w. Il. Cooper and Gabriel Holmes.
The term OF the charter is for sixty
years. and the authorized capital 10 $50
900 with the privilege OF increasing il
10 100000 at the discretion Of the stock
holders. The is pow to
begin business As soon as 81. 9sh in
st1ee h nave been subscribed. The
stock in divided into shares OF the par
value Of SIS each. The charter - a
very liberal one. authorizing the COM
pany to erect and operate tobacco ware
houses. prize houses and stemmeries.
20 buy and sell tobacco. TO manufacture
and export tobacco. TO engage in mann
featuring generally and to do nearly
everything else under the sun.
Yesterday afternoon at $3.50 O'Clock
the c~orporators and stockholders met ~
the rooms OF the chamber of
for the purpose of effecting an organiza-
ton.
The following were present: Nessrs-
". Il. Cooper. Walker Taylor. Sigmond.
Bear. l. Shrier. W. c. Peterson. c. w
Worth. John L. Crow. ]. VanB. Nets
Victor Granger. @. j. Boney. Gabriel.
Holmes II. L. Vollers. III. T.. Bonitz.
John II. Render. Thos. II. Wright. ]. \.
Taylor. r. II. Pickett. Joseph II. Wat
tiers. y. jacob. VI. W. Jabobi. n. S.
Willard. Il. F. Hall. George O.. Gaylord
George r.. French. l. c. Sutton. ] II.
-larcer. Frank Andrews. II. w. KONG.
}. ). Westbrook. Charles NJ. Whitlock.
]; I. Sellers, and S. p. McNair.
On motion Of Mr.. Gabriel Holmes. :
Mr.. ". b. Cooper was called to the
chair. and Mr.. James Kyle acted as
secretary.
MEETING OF THE CORPORAToRS.
4 meeting Of the corporators was first
held for the urpos OF adopting the
bylaws. Mr.. George Z. French sub
nIltted and read the bylaws and they
were unanimously accepted by the cor
porators. The bylaws provide for the
election OF a board Of directors to en-
s.st % nine members who shall elect q
president, a vice president and a
secretary and treasurer, the latter of
whom shall not necessarily be a stock
holder. The directors shall control ana
direct the business of the
affairs. elect all officers. define their
duties. fix the salaries of officers ana
he compensation Of all employees. and
have general supervision Of ali the af-
fairs and business of the
Tho bylaws provide tina: the first an
nual meeting Of the stockholders shall
De held on the second Wednesday in
January, 1903. and annually thereafter
OF the second Wednesday Of each Ian
uary.
|. After the bylaws had been read. they
porators.
STOCKHOLDERS MEETING.
The stockholders meeting was then
held.
Mr.. George L. French submitted the
following directors as recommended by
the corporators: w. b. Cooper. George
O. Gaylord. w. E Worth. S. Z. McSair.
VI ". jacob Il l. Vollers. II. r.
Stone. Joseph Il Waters. Of Whining
ton and Frank Andrews. Of Jackson
Vile. Onslow county.
On motion of Mr.. ". s. Willard. sec
onded by Mr.. Thomas H. Wright. the
secretary was authorized TO cast the
vote of the stockholders for the above
directors. The secretary cast the unan-
imous vote for those named and they
were declared elected.
ON motion OF Mr.. George 4. French.
the following committee was appointed
to select and recommend a site for the
warehouse and other plant Of the com
pany: MeSsrs. w. Z. Worth. ID. Nc
Eachern and w. b. Cooper.
Mr. j. A Taylor inquired how much
Of the capital stock had been gubscFib-
ed, and was informed by Messrs.
French and Gaylord hat nearly SO. 900
had been subscribed, and that other
stock had been spoken for. They also
stated that Il was the plan OF the cor
porators to build a warehouse and STEM
merry and hat the idea was that a
maximum Of S30,000 or a minimum Of
$500 would be necessary for that pur-
pose.
After discussing al some length the
| amount Of capital il would take TO be-
gin business. Mr. N. S. Willard moved
that the capital stock be fixed at sI5, 600
and that the directors be authorized TO
begin business when s1o,o 600 shall have
been subscribed and $1,000 shall have
been paid in.
The stockholders then adjourned
After the stockholders adjourned the
directors met. Five of the nine were
present. but as IL was desired to have a
full meeting, an adjournment was taken
till $3.50 O'Clock this afternoon Officers
will be elected at this meeting. We un-
derstand that Mr.. W. f. Worth will be