Wikipedia:WikiProject Trains/ICC valuations/Macoupin County Extension Railway

Interstate Commerce Commission, Valuation Reports, Volume 137

Macoupin County Extension Railway Company

The railroad of the Macoupin County Extension Railway Company herein called the Macoupin County Extension, is a single-track line located entirely within the State of Illinois, extending from Benld to Staunton, 4.374 miles.

Introductory

The Macoupin County Extension is a corporation of the State of Illinois, having its principal office at Chicago, Ill. It is controlled by the North Western, through ownership of the entire outstanding capital stock. On the other hand, the records reviewed do not indicate that this company controls any common-carrier corporation. The property has always been operated by the North Western.

Corporate History

The Macoupin County Extension was incorporated May 6, 1913, under the general laws of the State of Illinois, for the purpose of constructing and operating a railroad from a connection with the railroad of the Macoupin County Railway Company at or near Benld, Ill., to points in the counties of Macoupin and Madison, Ill., about 12 miles, together with branches and spurs to coal mines and industries. The date of organization was May 14, 1913.

Development of Fixed Physical Property

The owned mileage of the Macoupin County Extension, extending from Benld to Staunton, Ill., 4.374 miles, was acquired by construction between June and December 31, 1913.

Leased Railway Property

The property of the Macoupin County Extension is leased to the North Western for a term of 25 years from January 1, 1914. The terms of the lease and the rental accrued for the year ending on date of valuation are given in the chapter on leased railway property in the report upon the North Western.