|
{From the minutes of the
Directors' Meeting of the Richmond, Fredericksburg & Potomac RR,
February 16, 1863} |
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| At a meeting of the Board of Directors held at the
office of the Company Feby 16th
1863 |
| Present: P. V. Daniel Jr President, Messrs
Mumford, Myers, Mills, Haxall & Robinson Directors |
| The President having informed the Board
that he had within the last two days received information that the
Seaboard & Roanoke Railroad Company would probably be in
possession of English Sterling funds more than sufficient to defray
the cost of all the supplies immediately needed by that Company and by
this; and that that Company would be willing to let this Company have,
to enable it to pay for such supplies, so much as it shall require of
such funds, upon the following terms viz: That this Company should
within three months after the declaration of Peace between the
Confederate States and the United States replace in Sterling funds in
England the amount so borrowed with any interest then accrued and
unpaid to be computed at the date of six per centum per annum and
shall pay to the Seaboard & Roanoke Railroad Company semi-annually
the said interest at the option of the said Company in English
Sterling funds or its equivalent in Virginia Currency and also if
preferred by the Seaboard & Roanoke Railroad Company shall pay the
principal sum so borrowed in Virginia Currency equivalent to its value
at Richmond in English sterling funds, within three months after the
declaration of Peace between the Confederate States and the United
States. |
| Whereupon motion it was, |
| Resolved that the President be authorized,
if he can, to consummate the arrangement proposed. |
| On motion it was further |
| Resolved that the President be authorized
to make a similar arrangement with the Seaboard & Roanoke RR
Company, if he can, for the payment of interest now due by this
company in London to English bond holders. |
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