The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1902-06-20
ATLANTIC COAST LINE.
MEETING OF THE STOCKHOLDERS
IN H NJ YESTERDAY.
The Bond Issue authorized and n
MorfEaxe Deed Was PIaced-AI1
the Officers Re-eIected-An Assis-
sayannah-To Meet Again July
the Sth.
Especial to the Messenger.)

Richmond, Va, June 16.-At the meet
ing of the Stockholders of the Atlantic
Coast Line Railroad Company held this
afternoon at the general office in this
city, a resolution was adopted authoriz-
ing the issuance of bonds not to ex-
coed $780, 900 per mile On the mileage OF
the new consolidated system Inc
stockholders further authorized a mort
gage to be given TO the United States
Trust Company of New York on all the
property and franchises of the road.
There were no changes made in the Of
fcials or directors Of the company. The
officers mentioned in the merger con-
tinuing i'm service and the old board of
directors were unanimously reelected.
The appointment Of an assistant treas
urer, who shall have his headquarters
at Savannah, was authorized. His ap-
pointment will be effective July 1st.
Prior to the meeting CT the stockhold-
ers the board of directors held a brief
session at 1920 o'clock at which Presl-
dent Elliott presided with MI. James r
Post as secretary. At this meeting the
board declared the regular dividend
usually paid in July. The stockholders
met at IL ClOCh. Inc SOillAhiSlCC III
proxies composed of H. Walters, NJ.
Jenkens and James I. Post reported
that over 400, 900 shares of stock out of
a total of 420,0 600 were represented where
upon the business in hand was taken
up and the resolutions tor the issuance
of bonds and mortgages were speedily
adopted.
The new system of the Atlantic Coast
Line Consolidated with tn. Plant Sys-
TEN consists of over 5000 miles OF rail-
way lines
The stockholders adjourned today to
meet again in Richmond on July Sth.
Among those present at today's meet
ing were H. Walters, NJ. H. jenkins and
Waldo Newcomer, Baitimore; w. G.
Elliott, Wilmington, y. c.; F. w. Scott
Richmond; DIR. D. w. Lassiter, Peters
burg; E. B. Borden, Goldsboro, N. s.;
George Howard, Tarboro, N. C.; j. w.
Norwood, Wilmington, n. c.; Donald
MacRae, Wilmington, n. c.; ii. y.
Short, Lake WaccamaU. N. G., ana j..
]. Lucas, Society Hill, S. c..
CBy Associated Press.o
Richmond, Va. June 16.-At the meet
ing of the stockholders Of the Atlantic
Coast Lin Railroad Company held this
afternoon at the general office in this
city, a resolution was adopted author1z-
ing the issuance Of bonds net to ex-
coed $4,000 per mile on the mileage or
the new consolidated system. The
stockholders further authorized a mort
gage to be given to the United States
Trust Company of New York on all
property N franchises of the road.
There were no changes made in he Of
fcials or directors of The company, the
officers mentioned in me merger con-
tinuing in service, and the old board OK
directors being unanimously re-electeu:
The appointment OF an assistant
treasure. who shall have MS head
quarters at savannah, was authorized.
His appointment will be effective July
1st. Prior to the meeting of the stock
holders. the board of directors held a
brief session at 1880 o'clock at when
President Elliott presided with MI.
Iames r. Post as secretary. At this
meeting the board declared the regular
dividend usually paid in July. Inc
stockholders adjourned TO meet again
in Richmond on July Stn.