The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-08-25
Dissolution of Escambia-
Santa Rosa Corporation
Will Be Sought Through
Mutual Consent.
WAS FORMED TO
BRIDGE ESCAMBIA
County, State and Federal
Road Aid Having Taken
Over Project Necessity
for Company Is Ended.

A meeting of the stockholders Of the
Escambia- Santa Rosa Bridge Com
struction Company has been called for
Thursday, August %, at IL a. m. at
the city hall, for the purpose of dis
solving the corporation, as provided
in the constitution, the call having
been issued by the President and Sec
retary for meeting OF all the stock
holders. to take this action.
With the taking over of the con-
struction of a bridge across the Es-
Gambia, by the county. state and fed
eral government, it is deemed that
necessity for the company no longer
exists.
The following letter has been sent
out to the stockholders:
To the Stockholders Escambia- Santa
Rosa Bridge Corporation:
With the Inauguration of tho
scheme of the state aid to the building
OF public highways the first of which
viii be main highway from Pensa-
cola 70 Jacksonville the necessity for
the rontinued exfstence Of thu corr
poratioH has passed Our attorney
advises us that the corporation can
be dissolved with less expense by vol
untary action of all the stockholders
than by applying to the courts for a
decree of dissolution.
To that end we are enclosing Won a
notice of a meeting to be held at the
time and place shown in the notice
which is also being advertised as re-
Quired by law
The stockholders are so numerous
and scattered and the interest of each
is SO small that 1t is feared that we
cannot hope to have all stockholders
present at the meeting.
We are therefore enclosing a proxy
which please be sure to sign leaving
the name blank and return under COW
er OF the enclosed stamped envelope.
This is imperative so that there may
be no delay.
II any of the stockholders are not
present at the meeting in person or
by proxy, then in order TO wind up
the Corporation and distribute it's as
sets it will be necessary to go to the
expense of court proceedings. The
only asset we have is few hundred
dollars in bank.
Unless all the stockholders consent
and vote for dissolution the expense
thereof will be paid from this fund
and only the balance will be distrib-
uted to the stockholders in proportion
to their stock.
Please be sure and get your proxy
back in time for the meeting.
PETER TOMASELLO.
w. NJ. HERRIDER. President.
Secretary.
; The Escambia- Santa Rosa Bridge
Corporation was formed August 18th,
1915. at Milton, Fla. at a joint session
OF the Santa Rosa and Escambia
County Commissioners. meeting with
L body of representative business men
from both counties for the purpose of
good roads in general. anil
specifically, to draw up a charter for
4 corporation doing business of a gem |
eral nature in bridge building, and
slectricity and railway constructions
The charter members. elected at this !
meeting, were Peter Tomasello, Mil |
on. president: J. b. Perkins, Pensa- |
,ola, first vice president: Charles |
simpson, Milton. second vice-presi-
lent: William Herrider. Pensacola.
secretary; E. r. Malone, Pensacola. |
treasurer.
The Santa Rosa directorate includ- l
"a refer IOmaSeflO, IL. H. Read, j. III.
Collins. H. w. Thompson. w. J. VIII
Jams, Jr., C. H Simpson, w. w.
Clark, w. W. Powers. ]. c. McRae.
Peter Rosasco, s. M. Cox, t. s. So
veil. Escambia directors were: J. b.
Perkins, r. NJ Cary, p. l.. Rollo. w.
r. Herrider. Peter Lindenstruth, E. r.
Malone. NJ J. EIkan. George p. Went
worth, Max L. Bear, VIII L. Meyer.
!. G. Pace, and T. A. Jennings and
!. D. c. Newton. both now deceased
The purpose of the corporation, as
'uflined in the charter, was to trans
ct general business in bridge build
ng; to generate and deal in electric
ty. and to develop power with which
o manufacture and generate electric
ty: to build and operate urban and
uburban lines of railroad for carry
ng passengers and freight, to be OPP
rated by electric motors or other
'ower: to build and operate toll
ridges over and across rivers. and .f
eemed expedient. to handle and op-
rate draw-brfdges In connection with
ridges over the river; to supply elec-
ric lights and to install, own and op-
rate telephone Iines. I,