Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1956-08-29
TABOR L0RIS
GOLF STOCK
SELLIN e FAST

Meeting jointly for the second
time, public spirited citizens of
LoriS and Tabor City made the
first financial report on the pro-
posed golf course for the area
Thursday night.
EncOuragingly. the commit
tees reported that 12O shares
of the ESQ shares to be sold
had been committed and that
great deal of interest was
being manifested in both COM
munities. Actual commit
ments reported Thursday
showed that 76 shares had
been sold in Tabor City and
"A in Loris. Committeeman
from both towns pointed out
that the rush of private buxi-
ness had made II impossible
for everyone to be contacted
thus far but generally few
people were turning down the
opportunity to buy at least
one of the original ESQ shares
OF stock.
A six-man committee, COM
posed of three representatives
from each town, was named to
draw up the bylaws and to ex-
pedite the Incorporation of the
organization. The committee is
composed of DR.. L. B. Kapps
Chairman; R. c. Potts, DR.. J. D
Thomas, Jr., Paul Rogers, Jr.
Edwin Wright and Ben Nesmith
Jr.
The group voted to name the
golf course and to incorporate
as The Carolinas Country
Club"
Senator James p. Stevens, Of
LoriS, was named attorney foI
the corporation.
In an effort to make it possI-
bic for Salaried persons unable
to purchase a share Of stock in
its entirety at this time, the
group voted to sell a limited
number of shares on an INSTALL
Iment plan that would call for &
minimum down payment of $lO.-
90 and with monthly INSTALL
ImcntS of $1,000 until the stock
was paid in full.
5. c. Stanley was named TOM
porary treasurer for the Loris
committee and Paul Rogers, Jr.,
temporary treasurer for the
Tabor City committee. Phil
Hughes was named as liason a.
gent for Tabor City and S. c.
Stanley for LoriS with specific
duties of keeping each town
working group versed on how
much stock has been sold and
TO whom.
The much-discuSSed site for
the course was settled when a
motion was made and passed
unanimously that the Tally Ed
dlngS property be approved as
the site. The motion read as fol-
lows and was made by Ben L.
NeSmith, Jr.; Based on Mr.. Ed
dings proposition to sell the
Carolinas Country Club 40 acres
of land for $500 TO be paid for
either in cash or in stock with
the further promise TO sell an
additional ten acres of land al
the rate of 500 per acre, and
with an additional stipulation
that for S25 a year charge, he
will give an option on 25 addi-
.tional acres of land at 500 pei
acre, said option TO run for a
period of five years, all lands tc
be adjacent, | make a motion
that the organization go on re-
cord as accepting Mr.. Eddings
offer"
The motion was passed unan-
imouSly.
Howard Fowler was named tc
procure the services of a survey
or TO run the lines of the prop
erty so that a golf architect can
layout the course and procure
construction bids on the project
The committee decided 10 hold
its next meeting Thursday, Sep
TENDER z, at 800 at the Amcri-
can Legion hut in BoriS. All int
crested persons arc invited &c
attend.
A complete report on the sale
of stock is expected at that time
The committee expects to have
completed the sale Of the entire
ESQ shares by then and no Other
stock will be sold once the 25C
figure has been reached.
CHURCH SEEKS FUNDS
Rev. /. O. Cause, assistant