| {From the minutes of the
Directors' Meeting of the Virginia Central RR, July 2, 1863} |
| |
| Richmond June 2d 1863 |
| At a meeting of the Board of Directors
of the Virginia Central R R Company, present |
| |
E Fontaine |
President |
| |
Wm Overton |
Directors |
| |
N B Hill |
|
| |
J Baylor |
|
|
| The following letter was laid before the
Board |
| E Fontaine Esqr
Richmond July 2d 1863 |
| President &c |
| |
| Sir, |
| I understand your Company desires to
send abroad as collateral securing certain Coupon Bonds of your
Company of the $200,000 Mortgage. |
| I am willing to let you have these
Bonds, provided yourself and the Directors now in office will
guarantee the punctual payment of the Semi-Annual and the principal
at maturity. |
| Jaquclin P. Taylor |
| After consultation the following reply
was determined upon and was decided by the President and the
Directors present |
| Office Virginia Central R R Co |
| Richmond July 2d 1863 |
| Jaquclin P. Taylor, Esqr |
| Dear Sir, |
| I presume you do not mean to ask
additional security to the Bonds; if you only ask to be secured the
delivery of the Bonds in case yours are lost and to be paid the
interest as if you still held possession of the bonds, and the
principal ultimately as other holders of suseilac (?) of the
Directory are willing to give you that guarantee. |
| Very Respectfully |
| E. Fontaine Prest |
| Wm Overton |
| Jacob Baylor |
| N B Hill |