Proceedings of the Stockholders of the North Carolina Rail Road Company [serial] 1911

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Campbell, R. T. Poole, R. L. Tyson, Percy J. Olive.
The chairman announced that the said persons had been duly elected North Carolina Railroad members of the Finance Committee on the part of the State for the en- suing j'ear.
Colonel Cameron then moved that Mr. C. D. Benbow and Mr. L. M.
Michaux be elected proxy committee for the annual meeting one year hence. This motion prevailed, and the Chairman so announced.
After some general remarks as to the condition of the Company as shown by the fina
...ncial report, upon motion of Mr. T. S. Fleshman, the meeting adjourned, extending the thanks of the stockholders to Col. J. T. More- head for his most acceptable services as Chairman of the meeting.
(Signed) J. T. Morehead, Chairman.
By A. H. Eller, Secretary.
Proceedings of the Stockholders PRESIDENT'S REPORT.
North Carolina Railroad Co.
President's Office.
Burlington, N. C, July 15th, 1911.
To the Stockholders and Board of Directors of the North Carolina Railroad Company.
Gentlemen : — As required by the By-laws of your Company, I herewith submit the reports of the Secretary and Treasurer, Finance Committee and Expert From the information thus furnished you will observe that the financial condition and the physical condition have both continued to im- prove under your wise management in past years and which policy we are seeking to pursue.


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