The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-09-08
THE SOUTHPORT RAILWAY
the Newly Chartered May
Wean SOmethtn Z of Importance to
Wilmington
(Ra1eigh PoSt.J

(RaIelgh POSLJ
The Southport, Wilmington and West
ern Railroad Company vas granted
articles of Incorporation by the secre-
tary Of state yesterday.
The railroad is to be constructed
from Southport to Wilmington, a dis
lance of thirty miles. 1t is backed
by Philadelphia capitalists, and prom
ises to be an important factor in the
development of eastern Carolina
Major W. A. Guthrie, who, represents
the Philadelphia parties behind the
new road, was here yesterday and
filed the charter with the secretary of
state. When asked as to the plans of
the company, Major Guthrie said:
THE road will be built from South
port to Wilmington. Further than that
I am not able to speak at present.
Philadelphia capitalists will construct
the road. In the near future the work
of surveying will begin"
1t is said that this road has larger
plans in view, which cannot be made
public just now.
The company is authorized to- on
struct, equip and maintain a railroad
with one or more tracks from the town
of Southport, in Brunswick county, to
the city of Wilmington, in New lar
over county, a distance of thirty miles.
The company is also empowered to
operate and maintain lateral branches,
with necessary t%urnouts, siding.,
switches, etc. The company Is also
granted the right of constructing and
operating at it's option n or more
telephone or telegraph lines, and to
make charges for messages. Authori-
ty is also given to hold such lands
for rights-of-way, warehouses, grain
elevators, wharves, docks and terminal
facilities as may be deemed necessary
III Wilmington and Southport
The road is given authority to build,
purchase or lease ocean steamers or
vessels, i've steamers or vessels or
boats, as it may desire.
The capital stock of this company
shall be ten thousand $4,000 doElar
for every mile of road constructed or
proposed to be constructed, to De di-
vided into a proportionate number OF
shares, Of the par value of one hun
dred $1,000 dollars each.
James Warrington, Of Philadelphia;
John N. Reeve, of Wildwood, N. T.;
J. Carpenter Rhoades, Of Philadelphia;
John c. Gossler, of Philadelphia; Chas.
G. Warwick, of Philadelphia, and Hor-
ace G.. Kimes, of Philadelphia, have
been chosen directors of he company,
with power to elect a president from
among the stockholders and to manage
the affairs of the for the
first year. They shall fill all vacancies
which may occur in the meantime in
the board Of directors Or in the office
OF the president, and ave the gen.
eral control and management of the
company until their successors shall
have been chosen as may be provided
in the bylaws of the company, and
enter upon the discharge Of their Off
ciai duties
The principal place Of business Of
this company shall be at Southport, in
the state of North Carolina, with power
to establish Offices and agencies else
where, as may be determined by the
board of directors.
The company is authorized to consoli-
date its stock and merge its property
and franchises with those of any other
railroad company, steamship company
or transportation company, whenever
the two contracting companies to be
consolidated and merged hall be con-
nected with each other directly or by
means of one or more railroads or
transportation lines, and such consoil-
datlon and merger may be effected in
such m n on such terms as a
majority OF the stockholders may de-
termine. Upon such consolidation be-
ing effected, the consolidated company
shall have all the rights, privileges and
franchises which each of the contrac-
ing companies forming it Heretofore
held and possessed, and may establish
the corporate name of such consoli-
dated company as may be agreed on;
provided the railroads or transportation
lines OF the two contracting companies
so consolidated or merged shall be con.
nected directly or indirectly by means
or n or more intermediate railroads
or transportation lines.
The stockholders are Charles y. Wire
OF Philadelphia, (375 shares; James
Warrington, of Philadelphia; Johr
N. Reeve. Of Wildwood, n. J.; Ralph
NJ. Bowman, Arthur Forbes, J. Car
penter Rhoades, William w. Turner
Charles II. Stockley, n. j. Scott, ]. s
Gamboron. Warren II. Sage, Joseph T
; DeSilver, William r. Lesher, John G.
Gossler. Alfred DePertinat, B. Z
Meyer, r. s. Sweisfort, J.. 9. Murtha
John II. Stevens, n. I. Rorer, William
| T. Castle, Horace G.. HINES Harry NJ.
Kurtz, all OF Philadelphia