The instrument's own words
page 1
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At a Meeting of the Stockholders of the Narragansett, Providence and Bristol
Rail Road Company, holden at the Turbine Office in the City of Providence
on the 18th day of July, 1837 in pursuance of Legal Notice Advertised in the
Courier on the 13th inst. Mr. Nathaniel Gorton, Vice President, Mr. Robert Eppes
substituted for the President, Mr. William Gorton, Secretary, Mr. Robert Eppes
acted as the Clerk, & Mr. R. Gorton was appointed Secretary by Vote of said Meeting.
The following Resolution was read to the Meeting:
Whereas it Appears to this Meeting that a Sum not less than Three Hundred
Dollars is now needed for the Completion of the Road of the Bristol and Providence
Rail Road which has Authorized by the Constituent Legislature to raise their debt
that the said Railroad has, by the Constituent Legislature, to raise their debt
September 1836 for the amount of $5,000,000 not yet borrowed and for an
amount to be available to the Poundage Revenue of the Company. To be borrowed
for the above purpose was to be thoughtfully Expedient and profitable and for
the above purpose was to be thoughtfully Expedient and profitable and for
a Committee had been appointed to see the proper and suitable terms and conditions
on Loan to be borrowed and be conferred on the Corporation and suitable date.
Loan on bonds, to be borrowed and be conferred on the Corporation and suitable date.
their report which had been read and considered. Whereas it
appeared that said Loan had been justified and that the Company had decided that said
Loan was Required and that Loan be borrowed Three Hundred Thousand Dollars by the
Treasurers for the use of the Company and be borrowed Three Hundred Thousand Dollars by the
and Clerk, or in such manner as the Board of Directors may prescribe from
the purchase of any Individual Security therefore that the Board of Directors may purchase
of any Company and the Board is hereby Constituted and appointed Agent of said
Company with full power in the Authority to Execute a Deed of Mortgage of
Company with full power in the Authority to Execute a Deed of Mortgage of
and convey for the Benefit of the holders of the Bonds aforesaid their names and
of the Company, convey in such manner as form will be Exactly Conveyed in Mortgage
of the object purpose of the said Loan to be a Lot or Site of said Rail Road from the
of the Company, constituted and the purchase in Rhode Island from twenty
of the Company, constituted and the purchase in Rhode Island from twenty
hundred feet in width in witness of these things all the acting of Stockholders for the
together with the Company, Signed and sealed with all right of saying and Rail Road for company
Production of forms and terms and all right of saying and Rail Road for company
action and reserving rights and liberties of the Company, with all signatures the
purchase and appointments thereof, in the said Mortgage, that their execution by
Agent and however the said Bond Corporation, which in the hereby acting
and the Office, that a Copy of this Resolution be Signed and Applied to the
portion, and that the Chairman of this Meeting, Sign and Apply to the
this Corporation, to a Copy of this Resolution, and that the same be submitted
and taken to all intents and purposes to be our lawful power of Attorney for
purposes appointed.
Attest. Thomas Palmer Chairman
Copy of the original Minutes.
By S. P. Narragansett Secretary.
Providence, County of Bristol July 21 1837.
Personally appeared before me the under signed a Justice of the Peace for the
Thomas Palmer Oct Signer of the above and foregoing Instrument’s which
Purchased Jan. some’s be his statutory act and deed for the intent and purpose
3 1838 boy. ledges the same be his statutory act and deed for the intent and purpose
I Stanton to them Betrayed.
Geo. Hubbard Justice of Peace.
The page as recorded
