| From the Charleston Mercury |
| |
| September 4, 1862 |
| |
| Annual Meeting of Stockholders of the Port Royal
Railroad Company |
| Allendale, Barnwell District, S. C. |
| August 13th, 1862 |
| |
| A meeting of the Stockholders of the Port
Royal Railroad Company was held here this day. |
| On motion of Geo. P. Elliot, Esq., the
meeting was organized by calling Mr. Wm. M. Bostick to the Chair. |
| Mr. B. L. Willingham moved that a
committee of three be appointed by the Chair to verify proxies, and
declare the number of votes present; whereupon the following gentlemen
were appointed: Paul H. Allen, Esq.; Thomas Youmans, Esq., and Henry
Goethe, Esq. |
| The committee having reported that a
majority of the stock was represented, the Chairman declared the meeting
ready for business. |
| The reports of R. J. Davant, Esq.,
President, and of C. s. Gadsden, Esq., Chief Engineer, were then read,
including the report of the Chief Engineer, and of John Postell, Esq.,
Assistant Engineer, on the result of the new survey ordered for that
portion of the line between Allendale and Augusta, which exhibited a
difference in cost of $669,884.84 in favor of the River Line over the
Air Line. |
| These reports were received as
information, and ordered to be printed for the use of the stockholders. |
| Mr. George P. Elliott then offered the
following resolution, which was adopted: |
| Resolved, That the surveyed route
above the 35th mile (known as the "River Line"), indicated int eh
Engineers' map and reports as intersecting the "Boggy Gut," near
Martin's Mill, passing down the valley of this stream, and that of the
"Lower Three Runs," to the valley of the savannah river, near the
plantation of Mr. Charles Brown, and thence up this valley to Augusta,
be and the same is hereby adopted; and that the Board of Directors be
requested to instruct the Chief engineer to establish the location as
near this route as, in his judgment, will be most promotive of the
interests of the company. |
| The election of a President and Board of
Directors to serve for the ensuing year being next in order, the Chair,
on motion, appointed the following committee to nominate candidates,
viz: Mr. S. P. Maher, Dr. J. S. Lawton, and Dr. J. H. Harley, who
reported the following ticket: |
| For President: |
| Richard J. Davant |
| For Directors: |
| 1. W. J. Magrath |
|
6. B. R. Bostick, Jr. |
| *2. Geo. W. Williams |
|
7. Paul H. Allen |
| Representing Charleston & Savannah R. R.
Company |
|
8. B. W. Lawton |
| |
|
9. A. McBride Peeples |
| 3. J. V. Martin |
|
10. W. R. Barker |
| 4. B. L. Willingham |
|
11. F. F. Dunbar |
| 5. George P. Elliott |
|
12. Jas. J. Wilson |
|
| On a ballot being taken, the above-named
gentlemen were declared to be unanimously elected officers of the Port
Royal Railroad Company for the ensuing year. |
| R. J. Davant, Esq., then called the
attention of the meeting to the following resolution, pased at the last
annual meeting of Stockholders: |
| Resolved, That the Directors be
authorized to apply to the Legislature, at the next session, for an
amendment of charter, so as to reduce the number of Directors to six,
and to give the necessary notice therefor. |
| This resolution had not been carried out,
owing to the war and the absence of the members of the Board on military
duty. He begged that some definite action be taken on the subject. |
| Mr. George P. Elliott thereupon offered
the following resolution, which was adopted: |
| Resolved, That the resolution
adopted at the last annual meeting of Stockholders, to reduce the number
of Directors of this Company to six, be and the same is hereby
rescinded. |
| After which, on motion of Mr. Geo. P.
Elliott, it was resolved that the reports of the President and Engineers
be printed for the use of the Stockholders. |
| The meeting then adjourned. |
| A. C. McGillivray, Secretary and Treasurer |
| |
| * The gentleman was elected under the impression that
he was still a Director of the Charleston & Savannah Railroad Company.
His place will be supplied by a new election or appointment. |