| From the Wilmington Journal |
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| November 26, 1863 |
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| Proceedings of the Annual Meeting of
Stockholders to the W. & M. R. R. Co. |
| Wilmington, N. C., Nov. 25, 1863 |
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| The Stockholders of the
Wilmington & Manchester Rail Road Company, at their Sixteenth
Annual Meeting assembled in the Court House this day, at 11 o'clock,
A. M. |
| On motion of Thos. D. Walker,
Esq., Col. Jno. McRae, of Wilmington, was called to the Chari, and Wm.
A. Walker and Wm. H. Bayne, were appointed Secretaries. |
| On motion, the Secretaries,
with Mr. Wm. Rogers, were constituted a Committee to examine and
verify proxies, and report the number of shares of stock represented. |
| The Committee reported that
there was a majority of stock represented; whereupon, the Chairman
declared the meeting duly organized, and ready for the transaction of
business. |
| The usual reading of the
reports of officers was dispensed with. |
| On motion, the reports of the
officers were received and adopted. |
| On motion of Thos. D. Walker,
Esq., the meeting adjourned to 2 o'clock, P. M. |
| At 2 o'clock the meeting
re-assembled. |
| On motion of Thomas Evans,
Esq., |
| Resolved, That the
salaries of the President, Treasurer and Secretary of this Company, be
increased one hundred per cent each upon their respective salaries of
last year; to take effect from the commencement of the present fiscal
year. |
| On motion of S. D. Wallace,
Esq., |
| Whereas, During the past year
the cost of all the necessaries of life have been greatly enhanced,
and therefore3, the salaries paid to the officers of this Company have
been insufficient. Therefore, |
| Resolved, That in
addition to the salaries paid the President, Secretary and Treasurer,
the past year, a sum equal in amount to the sums so received by {be?}
paid them. And that the Directors be
requested to make a liberal compensation to other officers and agents
for the past year. |
| On motion of Wm. A. Wright,
Esq., |
| Resolved, And it is so
ordered, as one of the bye-laws off this corporation, that no person
other than a stockholder in this corporation shall be competent to act
as the proxy of another stockholder at any general or special meeting
of the stockholders of this corporation. |
| On motion of the Rev. Jno. M.
Timmons, it was |
| Resolved, To proceed
forthwith into an election for President for the ensuing year and the
Secretaries were appointed a Committee to manage the election and
count the votes. |
| The meeting then proceeded to
ballot for President, which resulted in the unanimous election
of Thos. D. Walker, Esq. |
| On motion, the Stockholders
then proceeded to ballot for the Directors which resulted in the
election of the following gentlemen: Jno. Dawson, Jno. A. Taylor, N.
N. Nixon, O. G. Parsley, Richard Bradley, Henry Nutt, Jno. B. Moore,
Geo. J. W. McCall, J. Eli Gregg and M. P. Mayes. |
| On motion of O. G. Parsley,
Esq., |
| Resolved, That it is
the sense of this meeting, that the additional pay of all officers and
employees of the Road for the ensuing year shall be in proportion to
the increased salaries of other officers as fixed by this meeting, and
that the President and Directors of this Company from time to time
should regulate the same, so as nearly as possible to provide for
their necessities in proportion to their services. |
| On motion of S. D. Wallace,
Esq., Rev. Jno. M. Timmons, Geo. R. French and Wm. R. Utley, Esqs.,
were appointed a Committee to audit the accounts for the ensueing
year. |
| On motion of S. D. Wallace,
Esq., |
| Resolved, That the next
annual meeting of this Company be held in the town of Wilmington, N.
C., on the first Wednesday after the fourth Monday in November, 1864. |
| On motion, the thanks of the
meeting were tendered to the Chairman and Secretaries. |
| On motion, the meeting
adjourned. |
| Jno. McRae, Chairman |
| Wm. A. Walker |
Secretaries |
| Wm. H. Bayne |
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