Wikipedia:WikiProject Trains/ICC valuations/St. Johns River Terminal Company

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The St. Johns River Terminal Company, hereinafter called the carrier, is a corporation of the State of Florida, controlled by The Southern Railway Company. It owns and operates a single-track standard-gauge steam railroad and dock facility in and around Jacksonville, Fla., extending from a connection with the line of the Georgia Southern and Florida Railway Company, 3,000 feet west of Grand Crossing, Fla., to a junction with the tracks of the Jacksonville Terminal Company, and to the water terminals of the St. Johns River. It owns and uses 11.82 miles of main line and 19.58 miles of yard tracks and sidings.

Corporate history.—The carrier was incorporated under the general laws of Florida July 18, 1901, to provide facilities for the handling of freight and passengers to, from, and through the city of Jacksonville, Fla. No changes have occurred in the original corporate form or powers. The detailed facts as to the development of the fixed physical property are given in Appendix 2.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

Under a contract made with E. M. Ferguson some time in 1902, the beginning of the carrier's property was constructed, comprising docks, wharves, 1 mile of main track and several miles of yard track and sidings. On October 15, 1902, it acquired that part of the property of the Atlantic, Valdosta and Western Railway Company extending from near Grand Crossing to Jacksonville, and comprising about 12 miles of track, of which about 11 miles are now classed as main track and the remainder as yard track and sidings. In this transaction The Southern Railway Company, which owned all the outstanding securities of the Atlantic, Valdosta and Western Railway Company, acted as intermediary. This deal was connected with another by which the remainder of the property of the Atlantic, Valdosta and Western Railway Company was, on the following day, sold to the Georgia Southern and Florida Railway Company. The carrier corporation has continued to valuation date in the ownership of the property as thus constituted.

HISTORY OF CORPORATE FINANCING, CAPITAL STOCK, AND LONG-TERM DEBT