Evening journal., 1919-03-24
CONTINUED from pace one.)

CONTINUED from page one)
company Is not paying dividends at the
present time. There are approximately
70 stockholders and 1900 shares OF stock
are outstanding.
Mr.. dupont stipulated that all or
practically all" OF the stock must be
sold 10 him under his formal offer.
The only way. aside from cOnuenne-
ton proceedings, by which Mr. DUPONT
could acquire the turnrlgo property
and franchise Is 20 purchase the out
standing stock Of the corporation, AMI
unless practically sh the shares are
turned over TO him at the prize Of $50
share which hR onecs, there Is NJ
assurance that he W IUii taEe over the
turnpike and conve q into a modern
free public road. 70 = understood ihnt
Mr.. dupont wou.i not enter into con-
demnaiion procee4ir . H. acquire lne
roadway.
The MANAGERS of The turnpike rom
pany formally approved Of Mr.. d'p'nts
proposal, and Will ~so 10 each share-
holder a letter setting forin his OTer,
along with a recommendation That II
be accepted by the stockholders.
That no legal doubt nigh; cNist az 10
the right % dispose or The property.
the board Of managers decided 10 amrnd
the charter OF the turnpike company.
empowering the corporation to sell its
physical property and ass 'is. and also
10 bring about It's dissolution wien-
ever it might be deemed advisable hy
the stockholders.
The Wilmington and Kennet Turn
pike Company is one OF the Oldest cor
poratlons in the State. II obtained iis
charter from the Legislature In 1911
The charter will be amended under the
General Incorporation laws OF tne STATE
A special meeting Of the stoekhoiders
has been called TO act on the proposed
amendments 10 the charter.
Should Mr.. duPont's plans be realized.
Il would mean that the last toll road IN
Delaware would pass out OF existence.
The old Newport turnpike, the Phila-
delphia turnpike and the Concord turn
nike were converted into free public
roads several years ago, the Newport
turnpike having been acquired by con-
demnatlon proceedings. and the other
two turnpikes by purchase by the
levy Court.
Mr.. dupont already has given an II
lustration OF what ne proposes 10 do
with the Kennett turnpike. as Il gen
orally Is known Already he has con
structed two miles OF concrete road
way following the route OF the Kennett
turnpike extened. from the Pennsylva-
mia line to Mendinhall. Pa. That road
way Is Of concrete 2i feet wide. with
macadam shoulders three feet wide on
either side. making an improved road
bed thirty feet VIDE. The concrete Is
Q 30 inches thick In the middle and
Z ~ inches thick at the edges. the
gentle crown allowing for drainase.
The improved roadway is In the center
OF an S0-foot right Of way.
Mr.. dupont proposed TO adopt thai
same type Of construction from Penn
sylvania line to the city line at Rislns
Sun Lane. II his proposal is accepted
by the stockholders OF the turnpike
company. and he also would provd.
for an s0-foot right OF way. which
wuld give ample space on either side
OF the concrete for veh'cular TRAFFIC.
This would give the publ a stretch
OF concrete seven miles Ions from VIII
mington to Mendinhall. Pa. But II PROD
ably would not stop there for t Is IN
derstood that Mr.. dupont contem,
plates building the road as far as heu
Lion. Pa.
There is no doubt but that the sen-
eral public VIII be snxious 70 SC