Wikipedia:WikiProject Trains/ICC valuations/Susquehanna River and Western Railroad

From Wikipedia, the free encyclopedia

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


The railroad of the Susquehanna River and Western Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in Pennsylvania. The main line extends from Duncannon to Bloomfield Junction, a distance of 13.817 miles. The carrier also owns 0.887 mile of yard tracks and sidings. Its road thus embraces 14.704 miles of all tracks owned.


CORPORATE HISTORY

The carrier was incorporated September 10, 1903, under the general laws of the State of Pennsylvania, for the purpose of acquiring the property, rights, and franchises of the Perry County Railroad Company which had been incorporated February 4, 1887, under the general laws of the State of Pennsylvania. Pursuant to the above purpose, the carrier acquired at its organization the property, rights, and franchises of the corporation named.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, extending from Duncannon to Bloomfield Junction, Pa., a distance of 13.817 miles, was acquired under foreclosure proceedings from the Perry County Railroad Company. Available records indicate that the Perry County Railroad Company, on the date of its demise, owned approximately 22 miles of road between Duncannon and Landenberg, Pa., but do not indicate what disposition was made of the 8 miles of road between Bloomfield Junction and Landenberg.

HISTORY OF CORPORATE FINANCING