Wikipedia:WikiProject Trains/ICC valuations/Troy and Greenbush Railroad

Interstate Commerce Commission, Valuation Reports, Volume 27

Troy & Greenbush Railroad

Introductory

The Troy & Greenbush is a corporation of the State of New York, having its principal office at Troy, N.Y. The records reviewed do not indicate that the Troy & Greenbush is controlled by any individual or corporation, nor, on the other hand, that this company, itself, controls any common-carrier corporation. The property of the Troy & Greenbush was operated by its own organization from the date it was placed in operation to June 1, 1851. From that date until date of valuation it has been operated under lease by the New York Central and its predecessors.

Corporate History

The Troy & Greenbush was incorporated May 14, 1845, by special act of the Legislature of New York, for the purpose of holding, completing, immediately using, and maintaining a railroad, extending from Troy to Greenbush, N.Y. The date of organization of the Troy & Greenbush has not been ascertainable from the records reviewed.

Development of Fixed Physical Property

The owned mileage of the Troy & Greenbush, extending from Troy to Greenbush, N.Y., a distance of 5.553 miles, was acquired by construction. While the records reviewed indicate that the construction work was completed June 13, 1845, they do not indicate whether the work was performed by the forces of the Troy & Greenbush or by contract. There is a difference of 0.007 mile between the mileage recorded by the company, 5.56 miles, and the mileage inventoried as of date of valuation, 5.553 miles.

Leased Railway Property

The entire property of the Troy & Greenbush is leased to the New York Central for the term of its corporate existence from June 1, 1851. The terms of the lease and the rental accrued for the year ending on date of valuation are given in the chapter on leased railway property in the report on the New York Central.