Wikipedia:WikiProject Trains/ICC valuations/Cooperstown and Susquehanna Valley Railroad

Interstate Commerce Commission, Valuation Reports, Volume 116

The Cooperstown and Susquehanna Valley Railroad

Location and General Description of Property

The railroad of The Cooperstown & Susquehanna Valley Railroad Company, hereinafter called the Cooperstown & Susquehanna Valley, is a single-track standard-gauge steam railroad located in the south-central part of New York. The owned mileage extends northwardly from Hemlocks, south of Cooperstown Junction, to Cooperstown, a distance of 20.003 miles. The Cooperstown & Susquehanna Valley also owns yards and side tracks totaling 2.833 miles. Its road thus embraces 22.836 miles of all tracks owned.

Introductory

There were no accounting records obtainable for the Cooperstown & Susquehanna Valley subsequent to December 31, 1889, and the information here submitted is taken from the existing records, the sworn reports to the Public Service Commission of the State of New York, to us, and from the returns of the carrier.

Corporate History

The Cooperstown & Susquehanna Valley was incorporated February 25, 1865, under the general laws of New York. The purpose of the incorporation was to construct and operate a railroad in the county of Otsego from Cooperstown to Cooperstown Junction, and to connect with the line of The Albany and Susquehanna Railroad Company at the last-named point. The Cooperstown & Susquehanna Valley was subsequently authorized to extend its line in a southerly direction to Hemlocks, by an amendment to the original articles of incorporation. Its organization was perfected May 2, 1865. Its principal office is located at New York.

Development of Fixed Physical Property

Construction of the line from Cooperstown to Cooperstown Junction was begun in 1867 and completed and placed in operation on July 14, 1869. The extension from Cooperstown Junction to Hemlocks was begun in 1889 and completed and placed in operation during that year.

Leased Railway Property

The property of The Cooperstown & Susquehanna Valley was leased, effective January 1, 1889, to the Cooperstown and Charlotte Valley for 99 years, under an agreement dated April 30, 1888. Under the terms of the agreement the lessee operates and maintains the property, pays as rental interest on funded debt dividends not to exceed 6 per cent on the capital stock if earned, 6 per cent upon the actual cost of the additions and betterments, and divides equally with the lessor the residue, if any.