Difference between revisions of "Alabama & Florida Railroad"
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The construction of the railroad became eligible for financial assistance from the [[Internal Improvement Act of 1855]]. Engineer [[William H. Chase]] resigned from military service in [[1856]] to become president of the company. The line was completed around January 1, [[1860]]. | The construction of the railroad became eligible for financial assistance from the [[Internal Improvement Act of 1855]]. Engineer [[William H. Chase]] resigned from military service in [[1856]] to become president of the company. The line was completed around January 1, [[1860]]. | ||
| − | + | After a bankruptcy and foreclosure, the railroad line and all of its franchises were sold to [[A. E. Maxwell]] on [[August 7]], [[1872]], who resold the line to the [[Pensacola & Louisville Railroad Company]] on [[December 10]] of the same year. | |
==References== | ==References== | ||
Revision as of 00:26, 11 January 2009
The Alabama & Florida Railroad Company was a railroad company incorporated by an act of legislature on January 8, 1853, with the purpose of building a railroad from Pensacola Bay to the Florida-Alabama border, which would lead thence northward to Montgomery.
The construction of the railroad became eligible for financial assistance from the Internal Improvement Act of 1855. Engineer William H. Chase resigned from military service in 1856 to become president of the company. The line was completed around January 1, 1860.
After a bankruptcy and foreclosure, the railroad line and all of its franchises were sold to A. E. Maxwell on August 7, 1872, who resold the line to the Pensacola & Louisville Railroad Company on December 10 of the same year.
