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Blacklands drops suit, brings new investors to NETEX

The news that Blacklands Railroad dropped its civil suit against the North East Texas Rural Rail Transportation District (NETEX) was announced at the February meeting of the district’s board

and followed by a proposal from a Dallas based investment banking company brought to the board by Blacklands president Wayne Defebaugh. See the February 20 edition of the Mount Vernon Optic-Herald for the rest of this story.