Wikipedia:WikiProject Trains/ICC valuations/Carolina Railroad

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The railroad of Carolina Railroad Company, hereinafter called the carrier, was incorporated under the general laws of North Carolina, December 11, 1912. On valuation date it had its principal office at Norfolk, Va. It owned and operated a single-track standard-gauge steam railroad in the southeastern part of North Carolina. The line extended from Hines Junction, N. C., on the Norfolk Southern Railroad sysstem, about 1 mile west of Kinston, N. C., in a north-by-west direction to Snow Hill, N. C., a distance of about 13 miles. From Hines Junction the carrier operated under trackage rights over the Norfolk Southern Railroad system into Kinston, making a total operated mileage of about 14 miles. No branches were owned or operated.

The carrier owned no equipment except two passenger-train cars and one combination car reported as in poor condition. It depended on connecting carriers for its freight equipment, and it leased from the Norfolk Southern Railroad Company, hereinafter called the Norfolk Southern, one locomotive.

Control of the carrier is vested in the Norfolk Southern through ownership of 344 out of 350 shares of the carrier's capital stock outstanding. On valuation date the owned mileage of the carrier was as follows:

was incorporated under the general laws of North Carolina on December 11, 1912, and [on February 15, 1913 acquired the property of the Kinston and Snow Hill Railroad]