The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1901-10-10
THE SEABOARD AIR LINE COMBINE.
Consolidated Charter Issued in South
Carolina - 500, 900, 900 Capital -
Principal Office to be in Petersburg -
Other General Offices at Richmond,
Raleigh and Elsewhere.
Raleigh Morning Post.

Rd1elgn Morning IOst-
A Columbia, S. c., dispatch says
that the much talked OF consolidation
charter of the Seaboard Air Line Rail-
way was issued by tho Secretary OF
State last night and the charter fee,
amounting to $25, 295, will today be
turned into the State Treasury, this
being the largest amount in fees paid
for charter in this State in long
time. While not quite all the papers
the Secretary of State would desire
have been received at the office, those
necessary for the granting of the
charter are at hand, and it was deem
ed advisable to 90 ahead and issue
the charter. The Secretary OF State
has delayed from time to time in the
matter, but yesterday determined to
delay no longer.
The charter has been granted under
the act of 1901, which has the follow
ing provision: at shall be lawful
for any railroad company organized
under the laws of this State, and
operating a railroad, whether wholly
within, or partly within or partly
without, this State, under authority
of this or any adjoining State to
merge or consolidate its capital stock.
franchises aud property with those OF
any other railroad company or COM
panies organized and operating under
the laws of this or any other State,
whenever two or more railroads of the
companies proposed to be consoli-
dated are continuous or are connected
with each other, or by means OF any
intervening railroad" etc.
Up to the present time only one
such charter has been issued. 1t was
sent out some time ago when the new
Plant System consolidation took
place, and the fees received by the
State on the paper amounted to
$1,000.
The paper filed with the Secretary
of State is termed the merger and
consolidation of the following railroad
lines into the Seaboard Air Line Rail
way Company:
The Seaboard Air Line Railway
Company.
The Raleigh and CASTOR Railroad
Company.
The Augusta Air Line Railroad
Company.
The Carolina Central Railroad Com.
pany.
The Georgia, Carolina and North.
ern Railroad Company.
The Seaboard Air Line Belt Railroad
Company.
The Palmetto Railroad Company.
The Chesterfield and Kershaw Rail
road Company.
The South Bound Railroad Com
pany.
These form the Seaboard Air Line
Railway Company, and the charter i:
sued to John Shelton Williams, j. Will
liam Mindendorf and Leigh R. Watts
as individuals. The main office of the
company is to be in Petersburg, Va.
but the right is given to maintain
general offices in the cities of Rich
mond, Va. Portsmouth, Va. Raleigh
N. c., Atlanta, Ga, Columbia, S. c.
Savannah, Ga, Montgomery, Ala.
Jacksonville, Fla, and such othe
places as the directors may designate
The annual meeting of the compan,
is to be held in Petersburg, Va. il
November of each year.
| The officers are John SHELTON Viii
liams, president; Jno. Nj. Sherwood
secretary; Jno. H. Sharp, treasurer
The directors are John SHELTON Will
liams, j. H. Dooley, VIM. F. Cochran
G. l.. Shepard, r. c. Davidson. w. A
Marburg, j. W. Middendorf and S. d
Warfeld
The capital stock of the new com
pany is set down at one hundred mil
lions of dollars, divided into one mil
| lion shares.