Wikipedia:WikiProject Trains/ICC valuations/Columbia and Cowlitz Railway

http://books.google.com/books?id=gKMFAAAAIAAJ

The railroad of the Columbia & Cowlitz Railway Company, hereinafter called the carrier, is a single-track, standard-gage, steam railroad, located within the State of Washington. The main line extends northerly from Columbia Junction, near Longview, to Ostrander Junction, a distance of 8.487 miles. The carrier also owns 0.553 mile of yard tracks and sidings. Its road thus embraces 9.040 miles of all tracks owned and used. The railroad of the carrier was completed as of date of valuation but was not opened for operation until January 1, 1929. However, for the purpose of this report, its common-carrier property is classified as owned and used on date of valuation. This is an industrial railroad controlled by the Weyerhaeuser Timber Company, owners of a large sawmill at Longview, Wash., and extensive timber holdings in this region which will eventually be served by the carrier.

CORPORATE HISTORY

The carrier was incorporated April 10, 1925, under laws of the State of Washington, its purpose being to purchase, lease, construct, or otherwise acquire a line of railroad extending from a point on the Columbia River to a point east of Cowlitz River in Cowlitz County, Wash. (111 I.C.C. 220 and 124 I.C.C. 765).

The date of its organization was April 23, 1925.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

Of the 8.487 miles of road owned by the carrier 2.07 miles of partially constructed road extending from the Cowlitz River, northeast to Ostrander Junction, Wash., were acquired by purchase, July 12, 1926, from the Weyerhaeuser Timber Company, by whom it was constructed during the period 1923-25. The carrier completed construction of the above line and constructed 5.517 miles extending from Cowlitz River southwest to Columbia, near Longview, Wash., including a bridge over the Cowlitz River, during the period July 1926 to December 31, 1928.

HISTORY OF CORPORATE FINANCING