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{From the minutes of the
Directors' Meeting of the Alabama & Mississippi Rivers RR, April 23, 1862} |
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| Near Demopolis April 12d 1862 |
| A called meeting of the board of Directors
of the Alabama & Mississippi Rivers Rail Road Company was held this date
the residence of the President near Demopolis. There were president G G
Griffin President an Directors James L. Price Charles Walker, John W
Lapsley and W P Bocock. The following proceedings were had and
resolutions adopted it was |
| Resolved that with a view to obtain the
benefit of an Act of the Congress of the Confederate States of America
approved Feby 15th 1862 entitled, "An Act to provide for the
Construction of the Rail Road from Selma in Alabama to Meridian in
Mississippi," and to comply with the terms and conditions deemed best by
the President of the Confederate States, to secure the early completion
of said Rail Road Construction and to secure the return of the money so
advanced, the President of this Company, be an he is hereby authorized
to execute in due form, and deliver on behalf of this Company the
following Deeds and obligations |
| 1st A promissory note or obligation to
repay the said Confederate States the sum of One hundred and fifty
thousand dollars, mentioned in said Act, ten years from this date |
| 2d A mortgage on the entire Rail Road and
Road bed owned by said Company, extending from Selma in Alabama to
Reagan in Mississippi the County of Sumter together with the fixtures,
Depots and Depot property, Machine Shop and Materials appertaining to,
said Rail Road and belonging to said Company and which mortgage is to be
recorded in every County in which the Rail Road lies. |
| 3d An obligation of said Company, with
Personal Security, in the penalty of three hundred thousand dollars,
conditioned that the sum of money advanced the Company by said Act shall
be faithfully and properly applied so far as the same will go, for the
connection mentioned in said act |
| 4th An agreement binding this Company to
use and exercise all possible diligence ??try & activity to secure the
connection in the act mentioned, at the earliest practicable time and to
use all proper and reasonable diligence to transport over their Rail
Road, or any part thereof, any and all Troops, Munitions of war,
provisions, and other articles which the government of the Confederate
States may desire to have transported, over the same, at the rates
usually paid by the said Confederate States to Rail Road Companys, and
binding themselves as to any charge or liability to them thus incurred
by the Confederate States, that the amount thereof shall be credited on
the promissory note of the Company herein first mentioned, till the
amount of said note shall be extinguished. |
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