Wikipedia:WikiProject Trains/ICC valuations/Morgantown and Kingwood Railroad

Add links
From Wikipedia, the free encyclopedia

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


The railroad of the Morgantown and Kingwood Rail Road Company, herein called the Morgantown and Kingwood is a single-track, standard-gage, steam railroad, located in northern West Virginia. The main line extends southeasterly from Morgantown via Kingwood to M. & K. Junction, near Rowlesburg, 47.890 miles. The company also owns 18.010 miles of yard tracks and sidings. Its road thus embraces 65.900 miles of all tracks wholly owned and used. In addition, the Morgantown and Kingwood jointly owns and uses with the Baltimore and Ohio 0.028 undivided mile of yard tracks and sidings at M. & K. Junction, W. Va., its portion thereof based on ownership being 0.014 mile.


CORPORATE HISTORY

The Morgantown and Kingwood was incorporated January 14, 1899, under the general laws of West Virginia. The date of its organization was February 11, 1899. The Morgantown and Kingwood itself and its predecessors total five corporations, of which one underwent two changes in its name, and comprise the line of [...]

  1. Morgantown and Kingwood Rail Road Company. Incorporated under general laws of West Virginia, January 14, 1899.
  2. Cheat Valley Railroad Company. General laws of West Virginia, March 2, 1897. Sold to 1, December 6, 1904.
  3. West Virginia Railroad Company. See 4. Sold at foreclosure, October 16. 1897, after receivership begun in 1897, and acquired May 31, 1899, by 1.
  4. West Virginia Midland Railway Company. See 5. Name changed to 3 in 1886.
  5. Iron Valley and Morgantown Railroad Company. General laws of West Virginia, March 25, 1881. Name changed to 4 in 1883.
  6. Central Railway of West Virginia. Not determined. Stockholders of no. 1 at annual meeting in March, 1902, authorized the purchase of no. 6.
  7. Cheat River & Pittsburg Railroad Company. Not determined. At stockholders meeting of no. 1 in March, 1902, the president reported the purchase of no. 7.
DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The road owned by the Morgantown and Kingwood, 47.89 miles, was acquired by construction and by purchase.

Of the four corporations that comprise the line of succession culminating in the Morgantown and Kingwood as at present constituted, only one corporation, the Cheat Valley Railroad Company, owned any common-carrier property. About 5.43 miles of road extending from Rowlesburg to Stoer was acquired by purchase from the latter company who had constructed it during the period 1897 to 1903. About 45.06 miles of road, extending from Morgantown to Stoer, including branch lines from Rock Forge to Richard, and from Fulmer to Fulmer Mines, was constructed by the Morgantown and Kingwood during the period 1899 to 1908. It was not determined whether the construction was performed by this company's own forces or by contract. The abandonment of about 1.78 miles reduced the recorded mileage to 48.71 which was 0.82 mile more than the inventoried mileage at date of valuation. Further details are given in the accounting report.

HISTORY OF CORPORATE FINANCING
Retrieved from "https://en.wikipedia.org/w/index.php?title=Wikipedia:WikiProject_Trains/ICC_valuations/Morgantown_and_Kingwood_Railroad&oldid=301720734"