Wikipedia:WikiProject Trains/ICC valuations/Peterborough and Hillsborough Railroad

Interstate Commerce Commission, Valuation Reports, Volume 30

The Peterborough and Hillsborough Railroad

Location and General Description of Property

The railroad of The Peterborough and Hillsborough Railroad, herein referred to as the Peterborough and Hillsborough, is a single-track standard-gage, steam railroad, within the State of New Hampshire, and extending from Hillsborough to Peterborough, N. H., a distance of 18.056 miles. The Peterborough and Hillsborough also owns 2.341 miles of yard tracks and sidings, or a total of 20.397 miles of all tracks. This property is operated by the carrier as lessee through the Boston and Lowell. The Boston and Lowell's lease of the property is included in its lease of the property of the Northern Railroad, which owns the entire capital stock of the Peterborough and Hillsborough.

Corporate History

The Peterborough and Hillsborough was incorporated under a special act of New Hampshire of July 7, 1869, for the purpose of constructing and operating a railroad between the points named above. Its principal office is at Boston, Mass.

The property was constructed by independent contractors and completed and opened for operation on July 28, 1878.

Leased Railway Property

The Peterborough and Hillsborough's property is operated by the carrier, as lessee through the Boston and Lowell. The Boston and Lowell's lease of this property is included in its lease of the property of the Northern Railroad, which owns the entire capital stock of the Peterborough and Hillsborough. The present lease is for a period of 99 years, dating from January 1, 1890. Under the terms of this lease the carrier pays as rental the interest on the Peterborough and Hillsborough's first-mortgage bonds, maintains the property, and pays all taxes.