Proceedings of the Stockholders of the North Carolina Rail Road Company [serial] 1879

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C, July 7, 1879.
In compliance with the requirement of the charter, the Board of Directors have the honor to submit the following reports, showing the business of the Company for the fiscal year ending May 31st, 1879.
The report of the President with the accompanying tables show the condition of the Road in full.
PROCEEDINGS OF THE STOCKHOLDERS PRESIDENT'S REPORT.
President's Office, N. C. R. R. Company, Company Shops, N. C, July 2, 1879.
To the Board of Directors : ' Gentlemen : — I submit to
...you, and through you to the Stockholders of the North Carolina Railroad Company, the fol- lowing reports of the receipts and expenditures and debts of the Company up to the end of the. fiscal year ending May 31st, 1879: Receipts from all sources $267,333 72 Expenses for the year, including salaries, Board of Directors, and Finance Committee $ 4,501 88 Paid revenue tax, old salaries, repairs Company's buildings, &c. 7,614 13 Paid interest on debt 20,420 00 32.536 01 Leaving a balance of 8234,797 71 This amount, #234,797 71, has been applied to the payment of dividends, Sinking Fund, and other purposes, (principally to dividends), fully shown in detail in the report of the Treasurer.

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