Wikipedia:WikiProject Trains/ICC valuations/Lehigh–Buffalo Terminal Railway

Interstate Commerce Commission, Valuation Reports, Volume 34

Lehigh-Buffalo Terminal Railway

Location and General Description of Property

The property of the Lehigh–Buffalo Terminal Railway Corporation, herein called the Lehigh–Buffalo Terminal, consists of a freight station, passenger station, and other terminal property, including 0.698 mile of road, located at Buffalo, N. Y.

Introductory

The Lehigh-Buffalo Terminal is a corporation of the State of New York, having its principal office at Buffalo, N. Y. It is controlled by the Lehigh Valley, through ownership of the entire outstanding capital stock. On the other hand, the records do not indicate that this company controls any common-carrier corporation. The property of the Lehigh-Buffalo Terminal has always been operated by the Lehigh Valley.

Corporate History

The Lehigh–Buffalo Terminal was incorporated February 3, 1915, under the general laws of the State of New York, for the purpose of constructing, operating, and maintaining a freight and passenger terminal at Buffalo, N. Y. The date of organization was February 23, 1915.

Development of Fixed Physical Property

The property of the Lehigh–Buffalo Terminal, consisting of a passenger and freight terminal and tracks, including 0.698 mile of main line, has been acquired by construction, which was completed in 1915.

Leased Railway Property

The property of the Lehigh-Buffalo Terminal devoted to common-carrier purposes has been operated by the Lehigh Valley from the date the property was placed in operation to date of valuation. The Lehigh Valley makes no accounting to the Lehigh-Buffalo Terminal of such operations, but merges the results with those of its own.