The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1899-12-17

EFFECTED FORMAL
ORGANIZATION
Birmingham Realty co. Succeeds
the Elyton Co.
MEETING OF STOCKHOLD ERS
Board of Directors Elected and Officers
Chosen-Wm. Halls, Jr., is Presi-
dent-CapitalS Stock $2,000,-
oOo-Plans for Future
MEETING OF STOCKHOLDERS

| The Birmingham Realty company was
| formally organized yesterday, and has sue
| ceeded to the assets of the old Elyton COM
| pany.
The stockholders of the new company
for the Elyton company, at noon and or
| ganized by the election of the following
| board of directors:
William Halls, Jr., cashier of the Hanover
| National bank of New York; Elmer T.
Whitaker, Of the Hanover National bank
of New York; William 1. Hardie, of Will
liam 1. Harde e Co., bankers of New Or
leans; James Bowron, vice president and
treasurer of the Tennessee Coal, Iron and
Railroad company, of this city; Thomas
G. Jones, of Montgomery, former governor
of Alabama, and chairman of the reorgan-
ization committee of the Elyton company;
John NJ. Caldwell, of Birmingham; A L.
Fullenwider, of Birmingham; l. c. Beatty
of Birmingham; John p. Kohn, manager
of the banking house of Josiah Morris G.
Co., of Montgomery.
The board of directors elected the fol-
lowing officers:
President-William Halls, Jr, of New
York.
Secretary-Frank Norris, of Birming-
ham.
Treasurer-J. K. Mcdonald, of Biming-
nam.
Other Officers
No provision has yet been made for a
vice-president or counsel, but it is under
stood such provision will be made at an
early date. 1t is stated on good authority
that ]. K. Mcdonald will be vlce-president
and general manager of the company. Also
that A. T. London WILL be counsel.
Mr.. Mcdonald succeeded to the presi-
dency of the Elyton company at the death
of the late DR.. II. NJ Caldwell, and con-
tinuously held the office until the company
went into the hands of a receiver something
over a year ago
The capital stock of the Birmingham
Realty company is $2OOO,OoO, of which ST.
900 is common and 100000 preferred
stock The stock is divided into 10000
shares of the par value of s100.
The stockholders met yesterday afternoon
and authorized the execution of mortgage
for s550OOO of prior lien bonds and $55oO0O
of mortgage bonds.
The Organization
Realty company was in strict accordance
with the plans adopted by the reorganiza-
ton committee of the Elyton company.
Speaking to an Age-Herald reporter of the
new company one of the stockholders said
that the company would be provided with
ample cash. to carry out any reasonable
schemes contemplated. improvements will
be made wherever needed, and the lands of
the company will be placed on the market.
This stakeholder further stated that the
Birmingham Realty company would pur-
chase of the city such bonds as the board
of mayor and aldermen might issue for the
Improvement of the streets and the extend
ing Of sewers along and through the prop
erty of the company. 1t is the purpose of
the company to aid and encourage in every
possible way the industrial interests of Biz
mingham.
The plans of the company have not yet
been fully matured, but the matter will be
taken up in a few days, and as they are
agreed upon those of public interest will
be announced through the daily papers.