Imbry Moves to Reclaim Rail Line Assets and Financing
Imbry and associates plan to extract cash from the railroad property by negotiating with the Georgia Rail road and Banking company. They aim to dispose of the Savannah and Northern railroad and secure a favorable lease rate, seeking a 7 percent basis while lever aging existing lessees who favor the arrangement.
MENTIONED IN THIS ARTICLE
Imbry
Georgia Railroad and Banking Company
Georgia Railroad
Savannah and Northern Railroad
Rail link to Savannah faces charter hurdle and delays
Prospective direct short line to Savannah sparked by banker Imbry and Georgia Railroad officials. Charter amendment needed to take over the line, risking tax exemptions. Negotiations then shifted to a traffic arrangement, with grading underway and rails ordered. Warrenton expected by August 1 to connect Atlanta and Augusta via Camak, advancing the broader link.
MENTIONED IN THIS ARTICLE
Savannah
Augusta
Macon
Georgia Railroad and Banking Company
Georgia Railroad
Georgia Railroad Finance Committee
Imbry
Savannah and Northern
Major J B Cumming
The
Saint Clair
Hankey Imbry
Seon Hendy
Bunker Tmbry
Warrenton
Atlanta
Camak
Norwood
Warrenton Link Nears Atlanta Connection at Norwood
The Warrenton Saint Clair link is advancing actively as the first step toward a direct Atlanta connection at Norwood. Banking partners Imbro and associates prefer the retained Georgia Northern lease arrangement now being superseded for a more profitable long term plan.
MENTIONED IN THIS ARTICLE
Warrenton
Atlanta
Norwood
Saint Clair
Imbro
Georgia Northern
Georgia Railroad
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