Chartered in February 1927 "To construct, acquire, maintain, lease, or operate a line of railroad or railroads from a point between Galliver and Crestview on the Louisville and Nashville Railroad in Okaloosa County, to a point in said county on Choctawhatchee Bay, a distance of approximately 28 miles ," the line was envisioned as part of a Port Dixie (now Shalimar, Florida) development plan.