Wikipedia:WikiProject Trains/ICC valuations/Anderson Belt Railway

Interstate Commerce Commission, Volume 24, Valuation Reports

The Anderson Belt Railway

Location and General Description of Property

The railroad of The Anderson Belt Railway Company, herein called the Anderson Belt Railway, is a single-track, standard-gauge railroad, 2.149 miles in length, located entirely within the State of Indiana and extending from a connection with the Panhandle, east of Anderson, to various industrial plants located on its line, all within the city of Anderson. In addition, the Anderson Belt Railway owns 2.198 miles of yard and side tracks. Its road thus embraces 4.347 miles of all track. All of the property owned by the Anderson Belt Railway is operated by the Panhandle.

Corporate History and Development of Fixed Physical Property

The Anderson Belt Railway was organized on July 23, 1891, and incorporated on July 29, 1891, under the general laws of Indiana, for the purpose of constructing a railroad extending from a crossing of the Panhandle and The Cleveland, Cincinnati, Chicago and St. Louis Railway Company, east of Anderson, to a point where the Panhandle crosses the White River, about 7 miles. Its principal office is located in the city of Anderson. The property of the Anderson Belt Railway has been operated by the Panhandle from the time it was opened for operation to date of valuation. The development of the fixed physical property is related in Appendix 2.

Development of Fixed Physical Property

The construction of the property of the Anderson Belt Railway was begun in 1891 by its own forces, and in the fall of that year a portion of its road was opened for operation, and the remaining portion was opened for operation in the spring of 1892.

Leased Railway Property

The entire property of the Anderson Belt Railway, from the date it was placed in operation, to date of valuation, has been operated solely by the Panhandle, without a written agreement, by virtue of that company's ownership of the entire outstanding capital stock of the Anderson Belt Railway. All revenues and maintenance and operating expenses are recorded in the records of the Panhandle. The records of the Anderson Belt Railway do not record any payment as having been received by it for the use of its property.