Wikipedia:WikiProject Trains/ICC valuations/Porterville Northeastern Railway

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The railroad of the Porterville Northeastern Railway Company, hereinafter called the Porterville Northeastern, consists of a single-track branch line located within the State of California and extends from Porterville to Springfield[sic], with a short spur projecting to Magnesite, aggregating 18.309 miles of road.

CORPORATE HISTORY

The Porterville Northeastern was incorporated and organized August 9, 1910, under the general laws of California.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Porterville Northeastern, extending from Porterville to Springville, Calif., with a branch from Magnesite Junction to Magnesite, Calif., a total distance of 18.309 miles, was all acquired by construction. The main line was built between September 1910 and September 18, 1911, and the branch during the year 1912.

HISTORY OF CORPORATE FINANCING