| From the Raleigh Standard |
| |
| July 23, 1862 |
| |
| General Stockholders' Meeting of the North Carolina
Railroad Company |
| Hillsboro', July 10, 1862 |
| |
| The thirteenth general meeting of the
Stockholders of the North Carolina Railroad Company assembled in the
Masonic Hall, this day at 12 o'clock, M. |
| On motion of Paul C. Cameron, David L.
Swain was called to the chair, and John H. Bryan, Jr., and Manuel
Fetter were appointed Secretaries. |
| The committee appointed at last meeting to
verify proxies, reported 3,112 shares represented in person, and 2,710
shares by proxies, which being a majority, the meeting was declared
duly organized. |
| On motion adjourned to 3 o'clock, P. M. |
| Afternoon Session |
| The meeting was called to order by the
chairman. |
| Thomas Web, President, read the report of
the Board of Directors, which on motion of William A. Graham, was
received, and, with the several reports and statements, was ordered to
be published with the proceedings of the meeting. |
| On motion of W. A. Graham, the Board of
Directors were instructed to ascertain what amount is required to make
the Sinking Fund of the Company, and a sufficient sum to raise said
fund to such amount as is required by law at this date, was
appropriate for the purpose, and they were authorized to invest all
such funds in the bonds of the Company, in the Coupon Bonds of the
State, or in the bonds and notes of the Confederate States. |
| A memorial of Wm. Locke was presented by
W. A. Graham, and on motion referred to the Board of Directors. |
| Wm. Murdock read the report of the
Examining Committee, which, on motion of Giles Mebane, was referred to
the Board, with a recommendation for its favorable consideration. |
| C. P. Mendenhall moved the following,
which, after some discussion, was passed: |
| Resolved, That the restriction
heretofore imposed in regard to building at the Shops be removed, and
that the Directors be allowed to exercise their discretion in the
matter, provided the amount expended do not exceed $5,000. |
| A resolution from the same gentleman, in
regard to the purchase of salves by the Road, was laid on the table. |
| On motion of Thos. Webb, article IV of the
By-laws, relating to the "Treasurer and Secretary," was so
far amended as to authorize the Treasurer to keep on hand as much as
$20,000, and also to deposit in the Bank of Commerce, at the Shops. |
| The meeting then proceeded to ballot for
four Directors for the ensuing year. |
| The Chair appointed Dan. Coleman and J. J.
Erwin to receive and count the ballots, and the balloting being
finished -- |
| On motion, the meeting adjourned till 9
o'clock A. M., Friday morning. |
| |
| July 11, 1862 |
| The meeting was called to order at 9
o'clock, A. M., by the chairman. |
| The committee appointed to inspect the
ballot for Directors reported that the whole number of votes cast was
5,759 -- necessary to a choice, 2,585. Of these -- |
| Thos. Webb |
received |
3,822 |
votes |
| Alex. McRae |
" |
3,570 |
" |
| Giles Mebane |
" |
2,882 |
" |
| Thos. J. Sumner |
" |
2,570 |
" |
| C. P. Mendenhall |
" |
1,692 |
" |
| R. J. Ashe |
" |
1,783 |
" |
| Caleb Phifer |
" |
1,512 |
" |
| K. P. Harris |
" |
1,226 |
" |
|
| and several others, smaller numbers. |
| Messrs. Thos. Webb, Alex. McRae and Giles
Mebane were declared duly elected, and there being no election of a
fourth Director, on motion of Wm. A. Graham, the meeting proceeded to
ballot again. |
| Several proxies not having been before
presented, were now allowed by the meeting. |
|
Dan. Coleman and J. J. Erwin were appointed to
superintend the election, and shortly afterwards reported that the
whole number of votes cast, was 5,623 -- necessary to a choice 2,812.
O these --
|
| T. J. Sumner |
received |
3,249 |
votes |
| Caleb Phifer |
" |
1,327 |
" |
| R. J. Ashe |
" |
777 |
" |
|
|
T. J. Sumner was declared duly elected.
|
|
On motion, the Committee of Examination were allowed $3
per day, and their expenses, while on duty.
|
|
On motion, the President was directed to issue half-fare
tickets to Ministers of all denominations, passing over the Road on
the business of their calling.
|
|
Myer Myers moved that Stockholders and their authorized
agents be allowed to p[ass free over the Road to the Shops, and return
to collect the last dividend declared, which was adopted.
|
|
C. L. Partee moved that the Board of Directors be
requested to appoint Thos. J. Sumner, Superintendent of the Road, at a
salary not exceeding $--. Laid on the table.
|
|
J. W. Thomas moved that the present committees of Finance
and Examination be re-appointed for the present year.
|
|
P. C. Cameron moved that Peter Adams and C. P. Mendenhall
be appointed a committee to verify proxies at the next annual meeting,
to be held in Greensboro', on the second Thursday of July, 1863.
|
|
Giles Mebane moved that the proceedings of the meeting be
published, as usual, under the direction of the Secretary.
|
|
D. M. Barringer moved that the thanks of the meeting be presented to
the Chairman and Secretaries. On motion, the meeting then adjourned.
|
|
John H. Bryan, Jr. Secretary
|
|
|
|
At this meeting the State's proxy was held by W. A.
Graham.
|
|
The Board consists of Paul C. Cameron, J. W. B. Watson,
John D. Bellamy, Ralph Gorrell, D. M. Barringer, Dan'l Hargrave, Phil.
B. Hawkins, John I. Shaver, representing the State. Thos. Webb,
Alex. McRae, Thos. J. Sumner, and Giles Mebane, representing the
Stockholders.
|