Proposed Raleigh and Eastern North Carolina Railroad Company: From the Capital to Atlantic Tide-Water (Classic Reprint)

Name: Proposed Raleigh and Eastern North Carolina Railroad Company: From the Capital to Atlantic Tide-Water (Classic Reprint)
Brand: Forgotten Books
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Excerpt from Proposed Raleigh and Eastern North Carolina Railroad Company<br/><br/>Four hundred thousand dollars, common stock, to be issued to the promoters on a basis to be arranged by them for the purpose of putting the bonds on the market at about par value. As this line is, to all intents and purposes, the citizens' transportation company of Ra leigh, Wilson, Greenville and Washington, it will ar range that the majority of this common stock, which W111 control the voting power and affairs of this company, be held in trust for at least ten or more years, and can not be sold, leased or transferred to any competing or paral lel transportation lines or common carrier. It will have the right to merge with or into any railroad con nection at the extreme terminal, but under no circum stances shall the original R. E. N. G. R. R. Be bonded for more than per mile, without the consent of all the bondholders and a majority of the preferred and common stockholders. It is now understood for the present that the western terminus of this company will be Raleigh, and the eastern terminus to be Washington, N. O., or some point on the Norfolk and Southern R. R, in Beaufort or Washington counties, N. O., or beyond in an easterly or northeasterly direction.

Product details

Binding:: Paperback
Languages:: Published: English , Original: English
Number of Pages:: 17
Publisher:: Forgotten Books
Publication Date:: 2017-06-16

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