The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-19
CENTRAL GETS ITS CHARTER
THE ROAD NOW LAUNCHED ON ITS
NEW CAREER.

Names of the IncOrpOratOrs-The e
Main Line from Savannah TO At
Ianta and the Branch to MiIIedge-
willie Covered in the Chnrter-A
New Board of Directors Elected.
savannah Not Represented on the
Present Board, but a New One to BE
Elected in Sixty Days.
Atlanta, Ga, Oct. 1S.-It is now The
Central Of Georgia Railway Company" I"
the new charter under the reorganization
having been issued from the Office of the
Secretary of State to-day. The Central
IS now finally launched upon its new ca
reer.
In the charter the incorporators named
are Samuel Thomas and Thomas f. Ryan
of New York, the purchasers, who have
associated with themselves Henry Craw-
ford. r. L. Anderson of New York, and
3. W. Wrenn. Jr., George w. Connors,
8 T. Weyman, H. W. Jones and w. NJ.
Toomer Of Georgia.
The charter covers the main line Of
the Central from Savannah to Atlanta
and the branch running from Gordon to
anledgeville in Baldwin county. The
capital stock is placed at $5,000,000.
stockholders went into an election Of di-
rectors. and the following were chosen:
Chairman, Gen. Samuel Thomas; Thomas
Ryan, Henry Crawford and r. S. Ander-
son. all of New York; and Beverly w.
Wrenn, Jr, George W. Connors, S. I.
Weyman and Hanson Jones of Atlanta,
and w. NJ. Toomer of Wayeross. These
directors are only temporary. There viii
Il 1s1,,.- tfrNer xrrff \
sixty days, when permanent board and
permanent executive officers will be
chosen.
lowing officers:
r. S. Anderson. vice president
Henry c. Crawford, general counsel.
w. A. c. Ewing, treasurer.
In the United States circuit court Judge
Don A. Pardee presiding, a petltion was
this morning presented by Col. w. G.
Glenn asking that the question as to prop~
critics covered by the Central railroad
mortgages be referred to special master
for investigation. The object of the move
ments is to ascertain exactly what prop
erty belonging to the Central is not COW
cred by its mortgages ana to nave such
overflow assets sold and the proceeds dis
considered by Judge Pardee this morning
and on which argument was made by
Aessrs. Glenn of Atlanta and Lawton or
Savannah and others. was whether this
overflow property is in court, or whether
it was thrown out of court when Justice
jackson dismissed the original Rowena
Clark stockholders bill. The bill which
brought this property into court was spe-
Gifted to be an auxiliary bill to the Ro-
wena Clark bill and if such holds good
the dismissal of the latter would throw
the property in question out of court. No
decision was rendered at to-day's sit
ting. Judge Pardee win again consider
the petition and its concomitant issues to-
morrow morning at IL o'clock.
New York, Oct. 1S.-It is reported that
the Georgia Central reorganization COM
mittee has secured control OF the bond
holders pool of the Augusta and Knox
vile railroad and there will be no bidders
at the sale of the Port Royal and Western
Carolina, of which system the Augusta
and Knoxville is a part. The total issue
of the Augusta and Knoxville bonds is
$63OO0O, and the upset price is S850.000. The
sale is advertised for Nov. 20. The Geor-
gia Central reorganization committee,
claims that the upset price of the Au-
gusta and Knoxville is out of all propor-
ton, as the road could be built at less
than 100000.