[4] That same year, Central Rail Road and Banking Company of Georgia acquired controlling stock in Port Royal and Augusta Railway.
[1] In 1893, the State of South Carolina filed suit in State of South Carolina v. Port Royal and Augustra Railway Company, alleging that Central Rail Road and Banking Company of Georgia was intentionally diverting trade from Port Royal to its own lines by misuse of its voting power.
[5] Under the directors they appointed, the State alleged, the facilities of Port Royal Railroad Company had been allowed to deteriorate.
In light of this, the Port Royal and Augusta Railway Company filed suited against Central of Georgia for unpaid leases.
[7] However, in 1894, before resolution of any suit, the State of Georgia repealed the charter of the Port Royal and Augusta Railway and liquidated its assets, rendering legal action moot.