Wikipedia:WikiProject Trains/ICC valuations/Chester and Becket Railroad

Interstate Commerce Commission, Valuation Reports, Volume 27

Chester and Becket Railroad

Introductory

The Chester and Becket is a corporation of the State of Massachusetts, having its principal office at Boston, Mass. It is controlled by the New York Central through ownership of a majority of its capital stock and all of its funded debt. On the other hand, the records reviewed do not indicate that this company, itself, controls any common-carrier corporation. The property of the Chester and Becket was operated by the Boston and Albany from November 26, 1897, the date of completion, to June 30, 1900. From the latter date to date of valuation the property has been operated by The New York Central and Hudson River Railroad Company and its successor, the New York Central.

Corporate History

The Chester and Becket was incorporated July 24, 1896, under the general laws of the State of Massachusetts. It was organized August 5, 1896.

Development of Fixed Physical Property

The owned mileage of the Chester and Becket, extending from Chester to Becket, Mass., a distance of 5.342 miles, was acquired by construction during the period from August, 1896, to January 1, 1898.

Leased Railway Property

The entire property of the Chester and Becket is leased to the Boston and Albany for a term of 99 years from July 1, 1900. Since July 1, 1900, the property has been operated by The New York Central and Hudson River Railroad Company and its successor, the New York Central, in accordance with the terms of the lease of the Boston and Albany. The terms of the lease and the rental accrued for the year ending on date of valuation are given is the chapter on leased railway property in the report on the New York Central.