Newport weekly independent., 1903-03-13
MORNING STAR
 MORTGAGE RECORDED,
Morning Star Railway Company Files Mortgage In Counties Through Which Road Will Operate For Full Capital Stock Being
 Estimated Cost Of
 Roads Construction,

The DOnQS Tor the construction of the long talked of Morning Star Rail- way Company have been foated, and are accepted by the Equitable Trust Company of New York City. Such is the import of a lengthy d lcument filed upon the mortgage records of Jackson county Saturday afternoon showing the bond issue to have been approved by the directors of the railway com pany and the loan to have been ac- cepted by the trust company named above.
 The first party, corporation with a capital of $3 500, GOO, has by action of the board of directors, under authori- ty conferred by the stock holders, ex- ecuted a mortgage, conveying all their rights, powers, privileges and franchises, including railway con- structed or to he constructed from Yeilville to Newport along a route described in said instrument, in lieu of loan granted by he second party or Equitable Trust Company not to exceed 8, ,5O0, 1000, to be evidenced in the issuance of first mortgage gold bonds, in denominations of $500, bear ing five per cent interest, excluding taxation, payable semi annually
 The instrument bears date of Jan uary first and was approved by the board of directors of the said railway company, in meeting Saturday. Un- der the laws of this state, the mort gage must be recorded in each county through which the road is to operate It is very lengthy paper and costs about $16 in each instance to make it . ' part of the records
 sThe line as surveyed extends from the west corporation line of Yellville, Marion county south across Crooked Greek and along the south side of Crooked Creek to Mill Creek; thence up Mill Creek for distance of three miles; thence running over to the head of Clabber Creek; thence down Clabber Creek to it's junction with Buffalo River; thence along the north bank of Buffalo River to point op- posite the mouth of Big Creek; thence crossing Buffalo River following up Big Creek to Long Creek distance from Yellville of about 28 miles; thence up Long Creek to it's head waters and thence attaining the main divide between Buffalo and White rivers; thence down Roasting Ear Creek Ga branch of Sylamore Creek !; thence bearing south to the head waters of Dick Fork Creek to a point opposite the town of Mountain View, a distance of about 23 miles from the main divide between Buffalo and White rivers; thence along the head waters of Rocky Bayou along the plateau of high ground between Blue Mountain and White river to the town of St. James, distance of about IA miles; thence paralleling the highway on the fiat between Blue Mountain and White river to the town of Marcella, d OlSeaDCe Ol 0 ihIloS, lnoHCe uOWH UDe south bank of White river for 8 miles to point beyond the river spur of Blue Mountain; thence i'll direct line crossing Green Brier, Salado and Oil Trough Bottoms to the city of Newport, passing near the towns of Jamestown aud Oil Trough, the dis tance from Marcella to Jamestown being 12 miles; from Jamestown to Oil Trough 16 miles and from Oil Trough to Newport, IF miles, and the tu..- distance from YelIyiile to New port, being 125 miles.