Wikipedia:WikiProject Trains/ICC valuations/Tug River and Kentucky Railroad

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The Tug River and Kentucky Railroad Company, hereinafter called the carrier, consists of a single-track standard-gauge steam railroad in three detached pieces, extending southerly into the State of Kentucky from connections with Norfolk and Western Railway Company, in the State of West Virginia. The owned mileage extends from a point near Matewan, W. Va., to a coal tipple in Kentucky, a distance of 1.367 miles, with branches from points near Delorme and Cedar, W. Va., to coal tipples in Kentucky, a distance of 1.466 and 2.011 miles, respectively. The total length of the main line and branches is 4.844 miles. The carrier also owns yard and side tracks totaling 3.631 miles. Its road thus embraces 8.476 miles of all tracks owned.

Corporate history.—The carrier was incorporated December 13, 1913, under the laws of Kentucky. It has the same general officers as the Norfolk and Western Railway Company. The detailed facts as to the development of the fixed physical property are given in Appendix 2.

APPENDIX 2

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The road owned by the carrier on date of valuation was constructed in part by it and purchased in part from the Norfolk and Western Railway Company. The section Matewan to coal tipple, 1.367 miles, was constructed partly by contract and partly by the carrier with funds advanced by the Norfolk and Western Railway Company, and opened for operation in July, 1915. The sections Delorme and Cedar to coal tipples were purchased from the Norfolk and Western Railway Company by deeds dated June 23, 1915, effective as of July 1, 1915. The first-named section was constructed by the Majestic Collieries Company, which sold it to the Norfolk and Western Railway Company. The latter sold it to the carrier. The second-named section was constructed by the Freeburn Coal and Coke Company, which sold it to the Norfolk and Western Railway Company. The branch was purchased by the carrier.

RESULTS OF CORPORATE OPERATIONS