| From the Raleigh Standard |
| |
| July 16, 1863 |
| |
| Annual Meeting of the N. C. Railroad Company |
| Greensboro', July 9th, 1863 |
| The fourteenth general meeting of the
Stockholders of the N. C. R. R. Co., assembled this day in the
Court-House at 11 o'clock, a. m. Dr. Wm. R. Holt was called to the
Chair, and J. H. Bryan and Jed. H. Lindsay, appointed Secretaries. The
Committee appointed at last meeting reported 7401 shares represented
in person or by proxy, owned by 274 individuals; the meeting was
therefore declared duly organized. On motion adjourned to 3 o'clock,
P. M. |
| On reassembling the several reports from
the Board of Directors, the Committee on the Sinking Fund, the Finance
Committee, and Committee of Examination were read and received. |
| The following resolutions were then moved
and passed: by J. W. Thomas, returning the thanks of the Stockholders
to the President, Directors, Superintendent and employees for their
faithful and efficient services during the past year. |
| By Arch. Carter, requiring the cars to be
run under the shelter at Salisbury Station for the convenience of
passengers. |
| By Wm. Murdock, authorizing the Board to
purchase negroes to the amount of $100,000, to be paid out of current
receipts. |
| By Ralph Gorrell, State proxy, resolutions
in accordance with those passed on the subject by the Governor's
Council, relating to the tariffs of fare and freight, which on motion
were laid on the table. |
| By D. M. Barringer, instructing the Board
to erect a shed over their track at Raleigh Depot, and to have the
grounds thoroughly drained. |
| By Alex. McRae, authorizing the Board to
reserve sufficient land for their own use and to lay off convenient
lots and streets at Company Shops, and to expose said lots to sale. |
| By Ralph Gorrell, instructing the Board to
ascertain the amount of private subscriptions raised to assist in
purchasing the land on which the Shops are situated, and to refund
the same. |
| By D. M. Barringer, authorizing the Board
to erect a Round House, as recommended in the President's Report. |
| By R. S. Tucker, requiring all the general
officers, except the President, to reside at the Shops. Laid on the
table. |
| J. W. Kirkland, amending the By-Laws
relating to transfer of stock so as to read "on or before the 1st
of June" instead of July. |
| By G. W. Mordecai, increasing the
President's salary to $3000, Treasurer's to $2500, Secretary's to
$2000 for last fiscal year, and continuing until further order. |
| By K. P. Battle, authorizing the Board to
invest $200,000 in cotton, or in such other manner as they shall deem
best, to provide a fund for the purchase of stock and material. |
| D. M. Barringer, moved former committee of
Finance and Examination be reappointed: Agreed to. |
| The following named gentlemen were
appointed Committee on Proxies for next annual meeting: G. W.
Mordecai, K. P. Battle, C. W. Haywood and W. H. Tucker. |
| The meeting having balloted for four
Directors, Wm. Johnston and John N. Washington, committee, reported
whole number of votes 7,401 -- necessary to a choice 3,701 -- Thomas
Webb receiving 6,908 -- was declared duly elected. |
| Second ballot 7,000 votes, 3,501
necessary. |
| Giles Mebane received 4,473. |
| P. C. Cameron 3,624, and were duly
elected. |
| Third ballot 6,686, necessary 3,344. |
| John L. Morehead received 3,837, and was
declared duly elected. |
| J. L. Morehead moved that the list of
stockholders be published with proceedings. Adopted. |
| R. S. Tucker moved that the thanks of the
meeting be tendered the Chairman and Secretaries. |
| The meeting then adjourned to meet in
Raleigh on the second Thursday in July 1864. |
| John H. Bryan, Ja. Sec'y |
| Jed. H. Lindsay Sec'y |
| State Proxy -- Ralph Gorrell. |
| State Directors -- John Everett, John D.
Flanner, Rufus S. Tucker, Albert Johnson, John Berry, C. P.
Mendenhall, D. A. Davis, W. C. Means. |
| Stockholders' Directors -- Thos. Webb,
Giles Mebane, P. C. Cameron, John L. Morehead. |
| Officers -- Thos. Webb, President; Thos.
J. Sumner, Superintendent; P. B. Ruffin, Treasurer; J. H. Bryan, jr.,
Secretary. |