The Albany, Florida and Northern Railway (AF&N) was chartered in 1889 and built a railway between
Albany and
Cordele, Georgia, beginning operation in 1891. The following year the line was leased to the
Savannah, Americus and Montgomery Railway
The Savannah, Americus and Montgomery Railway (SA&M) was a historic railroad located in the U.S. states of Georgia and Alabama. SA&M was built in the 1880s running between Montgomery, Alabama and Lyons, Georgia. It would be completed to Sav ...
(SA&M), who was responsible for obtaining the charter to begin with.
When the
SA&M entered receivership in 1892 and was sold under
foreclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
Formally, a mortg ...
in 1895, the AF&N was spun off as a separate independent company, the
Albany and Northern Railway.
References
External links
HawkinsRails.net Albany & Northern page
Defunct Georgia (U.S. state) railroads
Railway companies established in 1889
Railway companies disestablished in 1895
Predecessors of the Southern Railway (U.S.)
1889 establishments in Georgia (U.S. state)
1895 disestablishments in Georgia (U.S. state)
American companies disestablished in 1895
American companies established in 1889
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