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RAILWAY AND COAL COMPANY.

A special general meeting of the shareholders in the Kaitangata Railway and Coal Company was held at the N ewmarket Hotel, Balclutha, on Wednesday evening, to take into consideration a proposal to alter and amend the eighth article of association of the Company, so as to enable the Directors to make calls payable at shorter intervals than three months. The meeting was very numerously attended, and represented over twothirds of the subscribed capital of the Company. Mr A. Jerusalem Smyth was voted to the chair. He explained to the shareholders the reasons which rendered the pro* posed alteration necessary. Mr Ooyle, the Company's Eugineer, was present, and said that the railway would be ready for traffic in three or four weeks at latest ; that the rails were laid and the ballasting was proceeding rapidly, and would be completed by next Saturday week, the llthinst-mt. The Company's locomotive is being erectr.d by Messrs Davidson and Co., as veil as twenty- five coal waggons which are being manufactured by the same firm. After some discussion, it was unanimously resolved that the proposed alteration in the article should be adopted. The shareholders present requested the Directors to close the share list for the present until after the railway is completed and working ; and then only to allot on such terms as they may think conducive to the interests of the Company. After the customary vote of thanka to the Chairman the meeting separated.

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https://paperspast.natlib.govt.nz/newspapers/OW18760311.2.22

Bibliographic details

RAILWAY AND COAL COMPANY., Otago Witness, Issue 1267, 11 March 1876

Word Count
244

RAILWAY AND COAL COMPANY. Otago Witness, Issue 1267, 11 March 1876

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