Swansea and Glamorgan Herald, and South Wales Free Press. — 1862-12-24 (Swansea, West Glamorgan, Wales)

OBSEEVER. a hardship that all gentlemen who held shares to that attiouot should be oxpeetod to aei re se directors -Whether they wished to dose or not. As it stood at present £lOO shareholders were still entitled to become directors if they chose to signify before each annual meeting their intention to do so. He could very well understand that gentlemen with many other claims upon their time—such as the member for the county, or the member for Swansea— would be glad to have the opportunity of declining a duty which they would not be able properly to discharge. Mr. DILLAVYN said that so much was this the case with him, that he had attended the present meeting for the purpose of informing them that as he felt he ohould be unable to discharge the duties of a director properly he availed himself of the privilege of withdrawing. However, at the strong request of Dr. Davies and others, he had etonsented to remain a director. (Hear, hear.) The MAYOR then proceeded to explain that the meeting had been summoned for the purpose of electing twelve directors in addition to those £lOO shareholders who had signified their intention of acting. It was his duty first to declare Mr. Dillwyn, M.P., Mr. H. H. Vivian, M.P., Mr. Biddulph, Mr. Benson, and Mr. J. Crow Richardson, directors of the company.—Subsequently the names of Mr. H. J. Bath, Mr. J. Walters, and Mr. Rees were added,—the clause which requires £lOO shareholders to give notice of their intention to become directors not coming into operation until the next election In the ease of Mr. Rees, the solicitor was of opinion that his request to reduce his subscription from £lOO to £lO could not now be acceded to. The election of the additional directors was then proceeded with, and the following gentlemen were appointed the Mayor (proposed by Mr. Brock, seconded by Mr. Lewis) ; Mr. Townshend Wood (proposed by Dr. Evan Davies, seconded by Mr. Ivey) ; Mr. G. B. Brock, (pro posed by Mr. Ivey, seconded by Mr. Lewis) ; Mr. Charles Bath (proposed by Mr. Thomas Phillips, second ed by Mr. Townehend Wood) ; Mr. Thomas Phillips, (proposed by Mr. Benson, seconded by Dr. Davies) ; Mr. Couper, (proposed by Mr. Townshend Wood, seconded by the Mayor) ; 'Mr. Philip Rogers, (proposed by Dr. Davies, seconded by Mr. Lewis); Mr. John Lewis, (proposed by Mr. T. Philllpe, seconded by Mr. Cooper); Dr. Evan Davies (proposed by the Mayor, :seconded by Mr. Townehend Device, ; Mr. Clarke Richardson, (proposed by Mr. Ivey, seconded by Dr. Davies) Mr. Molliam, (proposed by Mr. 11. K. Eaton, seconded by Mr. John Lewis) ; and Captain Ford, (proposed by Dr. Davies, seconded by Mr. Starling Benson).—Mr. H. K. Eaton, Mr. J. W. James, and Mr. Hoare were also named, but Mr. Eaton declined to act, and it was believed that Mr. James and Mr. Hoare would also decline. The MAYOII then declared the above gentlemen duly elected. It was then proposed and agreed that the secretary should be requested to obtain a seal for the company. Dr. Ravin said that he thought plans and tenders should at once be obtained, and that a general canvass of the town for shares should be commenced, so that by the time the share list amounted to from £2,500 to £3OOO, it plan might be selected and the works pro. ceeded with. In reply to Mr. H. K. Esrow, the Mayor said that the directors were bound to call a meeting of the shareholders within six months, when their acts would be confirmed by the shareholders, and it would be competent to the shareholders at the general meeting to elect a new board of directors. Mr. IVEY moved, and Mr. TOWNSHEND WOOD seconded a resolution embodying the remarks of Dr. Davies,— that a general canvass for shares be commenced, and plans and tenders of the building obtained. Mr. PHILLIPS thought that it would be well to define the powers of the directois, that they might not rush into expenses for which the shareholders were not prepared. Mr. DtrAmate thought that the best guarantee against rash expenditure was that they had elected men in whom they had confidence; and as that was so, the lees their hands was tied the better. The SOLICITOR at the request of the Mayor reed the clauses of the articles of association in which the powers of the directors were defined. After some further conversation, the proposition was arried unanimously, and the proceedings ended with a vote of thanks to the Mayor.  Should Mr. Windham live until the year 1869, he will become entitled to another estate of the value of between four and five thousand a year.' An inquest was held on Wednesday afternoon, at the Beulah Spa. Norwood, on the body of an unknown man, who was found Eying dead ii a wood in the neighbourhood. It was at first supposed that a duel had been fought ; but a close examination showed that the man had committed suicide. He had lain there some days, and was in an advanced state of deeompaition •  Dec. 28, 1862.  giMrirt flteiligcuct.