| From the Charleston Courier |
| |
| April 12, 1861 |
| |
| Proceedings of Stockholders Meeting |
| Office Charleston & Savannah R. R. Com'py |
| April 10, 1861 |
| |
| An adjourned meeting of the Stockholders
of this Company was held this day, Hon. Charles Macbeth, Mayor,
presiding. |
| The minutes of the meetings held 20th and
27th February last, were read and confirmed. |
| The Committee to who was referred the
Report of the President, submitted through their Chairman the
following Report: |
| [Copies of the Report may be found at Messrs. Evans
& Cogswell's, 3 Broad Street.] |
| Mr. P. Pritchard, from the same Committee,
who was absent from the City, and unable to sign the Report, being
present and concurring in it, desired to affix his signature, which
was granted. |
| Mr. Ravenell offered the following as an
amendment to the Report, which was adopted: |
| Resolved, That the amount of Bonds
to be issued, to form a third lien under a Second Mortgage of the
Company, as proposed in the Report of the Committee just submitted, be
made $625,000, instead of $525,000, the additional $100,000 to be
reserved for future use, in case the profits of the Road be
insufficient for the completion of the Bridge over the Savannah River
and the payment of its coupons. No part of the Bonds to be so reserved
to be used until after the expiration of six months from this date,
and not then except by a vote of three-fourths of the Board of
Directors. On motion it was adopted that the Directors be and they are
hereby instructed to take the necessary measures to carry the same
into effect, if the necessary conditions can be obtained in the ?? of
settlement purchased. |
| The following resolution, offered by Mr.
Brayins was adopted: |
| Resolved, That the books of the ???
be ???, annually, ??? days prior to the third Wednesday in February. |
| Mr. T?? stated that a desire had been
expressed by the City ??? to have the ??? of President and Directors
??? and ??? that the ??? be postponed on the ?? of May next, which was
adopted. |
| On motion, it was |
| Resolved, That when this meeting
????? |
| On motion, it was ordered that the
proceedings of this meeting be published in the daily papers. |
| The meeting then adjourned. |
| Wm. H. Swinton, Secretary |