Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1954-03-31

present owner Of the property on
March %.
The movement was then set in
motion to form a corporation of
as many local citizens as possible
who will actually own and oper-
ate the lake and other property
as q recreational center. Before
the end of last week, hundreds of
people had been seen and rapidly
given details of the proposal.
Application for a charter of in
corporation was made this week
to the North Carolina Secretary of
State. The charter was applied
for under the name of Tabor
City Recreation Commission, In
corporated.' Stockholders at the
moment of application ware listed
as Joe E. Coleman, Dorman and
Carter.
The application specified that
the corporation was being formed
to buy, sell and develop the real
estate in the mill pond area and
to promote the property as a cent
er of recreation for peoples thro-
ughout the Tabor City area.
The entire movement is design
ed solely to bring about greater
local entertainment and recrea-
ton and no personal gain motive
has been expressed by any of the
individuals involved in the nego-
tiations thus far.
If plans are completed to pur-
chase the pond, it will be gov
erned by a board of directors
made up of hos stockholders and,
at the moment. plans are being
formulated to make vast i'm
prOvementS to the area SO that
1t would be a highly desirable
fishing, swimming, boating and
picnicing area.
Property owners around all
sides of the huge lake have been
contacted in the last few days
by local citizens. In every in
stances these property owners
have expressed enthusiasm in
the project and have said open
ly that they would cooperate
fully in the movement. Several
have said that they would pur-
chase stock and tOwnspeOple
who have been directing the
project have expressed the hope
that several of these property
owners would buy some stock
and that they would serve
actively on the corporations
board of directors.
The Tabor City Junior Chamb-
er of Commerce heartily endorsed
the project at its meeting last
Friday night and voted to raise
$1,000 on the required funds. A
committee was named to contact
potential stockholders in the area
Although no official action is on
paper to date, promoters of the
project have stated that no more
than five shares will be sold to
any one person. They have en-
phaSized that the corporation is
seeking to have a great number OF
small stockholders rather than a
few large ones.
Plans call for selling stock at
the rate of 500 a share and this
would also entitle the purchaser
10 free fishing privileges for a
specified number of years. Boats
would be made available at the
pond to be rented to any persons
desiring TO fish.
Other tentative plans call for
immediate major reconstruction
on the dam and spillway. If the
deal is closed, engineering assist
ance will be sought to advise the
best possible, practical solution
to the problem Of terrifying the
dam and Graduating that as a
hazard.
Efforts will begin immediate
~ to secure adequate fish from
the N. c. Wildlife authorities
with which to properly stock
the area. Some fish are already
In the pond but IL was drained
last year and most persons be-
lieve IL essential that IL be
thoroughly restocked as soon as
possible.
Immediate steps are also plan
ned to make a wide area at the
Western end Of the dam into q
clean and respectable swimming
pool for children. Later efforts
are expected to be made towarc
providing adequate swimming IA.
cilities for all ages nearer the
spillway.
Other long range plans call fol
erection Of q boat dock and pie
at some as yet unspecified loca.