Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1956-09-26
Golf Course Is Incorporated;
Half OF Stock Is Subscribed

two communities, LoriS auC
Tabor City stockholders in tn,
trojcS' met in LoriS last Thurs.
day night and made official APP.
plicatlon for a charter of incor.
poratiOn.
Application has now bee.
made by Attorney James Stew
ems and the corporation is ex-
pcctcd TO be in business by t.,
end of the week.
The stockholders meeting il
LoriS on Thursday named tn,
OFFICERS for the first year of op.
Grafton.
w. Horace Carter, news
paper publisher in both
towns, was named President:
DR.. J. ID. Thomas, Jr.. of
Loris, was elected to the vice
presidency; and Phil Hughes.
of Tabor City, was named
secretary and treasurer. The
president and vice president
are also members of the
board Of directors. The secre-
tary-treasurer is not.
Other directors elected Thurs
day are J. D. Duncan, r. c
Potts, and DR.. l.. B. KappS. OF
LoriS; and Edwin f. Wright, A
Paul Rogers, Jr., and Howard
Fowler, of Tabor City.
The stockholders agreed that
officers would be elected annu-
ally with four directors from
Worry county and four from Co
lumbuS. The presidency and
vice presidency will alternate
each year form one county tc
the other.
The first official meeting oil
the board of directors has been
set for Wednesday night, Sep,
TENDER &c, at the office of DR.
Thomas in LoriS Work will be
done on the bylaws at that time
'fPTd other business pertaining &c
the country club discussed.
The financial report Thurs
day indicated that the Loris
community had collected ill
cash nearly $1,000 i'm their sale
of stock and had another So
900 sold for which notes had
been signed. Tabor City re-
ported cash sales of $4,000 in
stock and inStallment purch-
n asses had not been determined.
With reported cash sales. notes
and subscribed stock. more than
half of the total number OF
shares was represented at the
meeting. The corporation will
close sales when $50 shares
have been subscribed. At least
1870 had been sold or subscribed
to prior TO the thursday meeting
Finance committees in the
two towns are continuing their
"effOrtS to see as many persons as
possible and to complete the
stock sale in the near future. AS
soon as all the stock is sold, and
when proper engineering infor-
nation and assistance is avail
able, actual construction is cx-
pected to start.
There has been no set time
when construction will begin
nor when the golf course might
tbe completed and ready for
play. However, optimistic specu-
lation points TO possible COM
pleting in about IL months.
Stock can be bought for
500 per share. Those desiring
TO purchase stock on the in
stallment plan may do so by
paying $1,000 and the re-
naming $50 over a period of
ten months.
. Carter, the new president. said
this week: 81 am gratifiCd that
the civic leaders of these two
wonderful towns have seen fit
TO name me president of this
noteworthy project. As most
people know. | do not have the
time TO do Il justice. but | will
do everything in my power to
expedite the building OF this
golf course and i'm as efficient
and economical manner as pos
siblc. Except for the high cali
brc men on the board of direct
ors, I would be completely at a
loss but ! know that with their
reputation Of success and bust
ness experience, we can make
rapid progress on the project.
~ have never seen greater
interest shown in a Joint project
than has been experienced dur
ing the preliminary stages of tho
|. country club movement. Most
folks realize that greater rccrCa-
tional facilities are a must in
this area and that's the overall
purpose of this movement -
Carter said.
MANY persons who have new
cr played gUll i'm their lives
have bought stock in the club.
Many who never expect TO play
golf have done Likewise. They
realize almost unanimously that
young and old enjoy the game
all over the nation and that few