|
{From the minutes of the
Directors' Meeting of the Charleston & Savannah RR, January 13,
1865} |
| |
| Office of Messrs W. C. Bee & Co |
| Charleston Jan 13, 1865 |
| An extra meeting of the Board of Directors
was held here this day at the call of the President. |
| Present: R. L. Singletary Esq Presdt and
Messrs Bee, Chamberlain, Furman, Gourdin, Richards, Sass
& His Hon. the Mayor. |
| The President stated that he had invited
this meeting to submit a proposition from the So Ca {South
Carolina RR} Railroad Co in
relation to the purchase of the iron now being removed, which is as
follows: |
| "The So Ca R. R. Co. will agree to
purchase the Rails, Spikes & Chairs which the Charleston &
Savannah RRoad may desire to sell, at their value in 1860 or say $55
pr ton a reasonable allowance being made for the wear of the rails.
And in payment thereof will give their Bonds to be made due within
such period, after the lapse of 12 months after the termination of the
War, as may be agreed upon, say two, three or more years. Or they will
give back an equivalent amt of rails at any time after the lapse of 12
months as aforesaid. Interest at the rate of 7% to be paid
Semi-Annually on the value of the iron until returned." |
| |
| Mr. Furman then offered the following
resolutions which were adopted: |
| "Resolved, that it is expedient to
sell our iron to the So Ca Railroad Co." |
| "Resolved, that the arrangement for
the sale be based on the return of the Iron after the War." |
| |
| Also, on motion it was referred to the
President to close the contract with the So Ca RR Co. |