Proceedings of the Stockholders of the North Carolina Rail Road Company [serial] 1887

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M. HOLT, President.
Proceedings of the Stockholders iR&ASURER'S 1^EP0RT.
Treasurer's Office, Burlington, N. C, May 31st, 1887.
To the StockJwldcrs of the North Carolina Rail Road Company : GENTLEMEN : I herewith submit to you the annual report of the financial condition of the North Carolina Rail Road Company for the fiscal year ending May 31st, 1887.
RECEIPTS AND DISBURSEMENTS.
During the fiscal year the receipts from all sources have been $264,478.98, and amount paid out on expenses and other
... liabilities, $264,549.56.
FINANCIAL CONDITION NOW AND ONE YEAR AGO.
The debt of the Company, reported and entered on the books on May 31st, 1886, as shown by the Secretary's books was $357,037.00 — to which add $24,660.26 current expenses which have been paid during the year, and $240,000.00, a dividend of 6 per cent, declared on the capital stock of the Company in January last, and we have the debt $621,697.26 on May 31st, 1887. Of which amount there has been paid during the year $265,718.26, leaving a balance of $355,979.00, which may be reduced by assets $149,002.50, leaving a bal- ance of $206,976.50 to be provided for.


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