On December 20, 1870, Powell and nine other men from in and around the Montgomery area, including a man named
Josiah Morris organized a company called the Elyton Land Company for the purpose of "... buying lands and selling lots ... and affecting the building of a city, at or near the town of Elyton, in the County of Jefferson and State of Alabama." The corporation was funded by the sale of 2,000 shares of capital stock valued at $200,000., distributed as follows. These ten men were to be the founders of the new city to be established. Josiah Morris worked for the South and North Alabama Railroad which was currently under construction between
Decatur and Montgomery, and would have to cross the Alabama and Chattanooga Railroad which had already been completed from
Chattanooga to about
Tuskaloosa. Knowing that the crossing would be in the Jones Valley near Elyton, he had previously agreed to purchase 4,150 acres of land east of Elyton from
William Nabers and his wife Elizabeth for $25 per acre in cash and stock in the company to be formed. On January 27, 1871, when the board of directors of the newly-formed corporation held its first meeting, Powell was unanimously named president of the company, and the shareholders in another meeting that same day declared in its bylaws that "The city to be built by the Elyton Land Company, near Elyton, in the County of Jefferson, State of Alabama shall be called 'Birmingham'." Powell immediately relocated to the site of the new city and set up an office in a house owned by the Alabama and Chattanooga Railroad on the south side of the tracks adjacent to where the historic Union Passenger Depot was built and still stands. As of October 2020, portions of South Powell Avenue still exist at this location and can be seen on area maps. Upon arriving at the location, engineers began surveying the property and laying out the city streets under Powell's direction, and he negotiated with a supplier from Montgomery to make a large quantity of brick available for the building of houses and other uses. He raised money for and arranged for the building of a hotel, a thirty-room frame structure on Nineteenth Street called the
Relay House. On September 25, 1872, the board of directors of the Elyton Land Company ordered Powell to build a water works for the new city, and eight months later the water supply to the town was turned on. ==References==