Wikipedia:WikiProject Trains/ICC valuations/Upper Coos Railroad

Interstate Commerce Commission, Valuation Reports, Volume 30

Upper Coos Railroad (N. H.)

Location and General Description of Property

The railroad of Upper Coos Railroad (N. H.), is a single-track, standard-gage, steam railroad, located in the northwestern part of New Hampshire. Its owned mileage consists of two disconnected parts. One part extends northerly from Quebec Junction, N. H., to the Vermont State line near Coos Junction, NH, a distance of 14.610 miles. The other part extends northerly from the Vermont State line near North Stratford, N. H., to the Vermont State line near Beecher Falls, Vt., a distance of 26.952 miles. The upper[sic] Coos Railroad (N. H.) also owns yard and side tracks totaling 9.643 miles. Its road thus embraces 51.205 miles of all tracks owned. All of its property is leased to and operated by the carrier. The two parts of road are connected by a section of road lying wholly in Vermont which is owned by the Coos Valley Railroad and subleased by the Upper Coos Railroad (N. H.) to the carrier. The northern end of the railroad owned by the Upper Coos Railroad (N. H.) is also connected with the railroad which is owned by the Upper Coos Railroad (Vt.) and subleased by the Upper Coos Railroad (N. H.) to the carrier. The mileages of these two parts of road are given in the reports on the owning and using companies. The three properties make one continuous line of road operated by the carrier.

Corporate History

The Upper Coos Railroad (N. H.) was incorporated on August 28, 1883, under the private laws of the State of New Hampshire. In 1887 the Upper Coos Railroad (N. H.) opened for operation 21.462 miles of road, which it had built between North Stratford and West Stewartstown, N. H. The company operated this mileage until May 1, 1890. In 1891 it completed and opened for operation 5.49 miles between North Stratford and the New Hampshire-Vermont line, and 14.61 miles between the Vermont-New Hampshire line and Quebec Junction, which it had likewise built. Since May 1, 1890, the entire property has been leased to and operated by the carrier.

Leased Railway Property

Leased from others. — On May 1, 1890, the Upper Coos Railroad (N. H.) leased from the Upper Coos Railroad (Vt.), its property including 1.558 miles of road in Vermont. On the same date, the Upper Coos Railroad (N. H.) also leased from the Coos Valley Railroad its property, including 12.273 miles of road in Vermont. These properties were leased for a term of 999 years, the lessee to pay all taxes, make all improvements, and at the expiration of the lease pay $1 as rent.

Leased to others. — On May 1, 1890, the upper Coos Railroad (N. H.) leased its own property and subleased its leased property to the carrier for a term of 999 years. The lease provides that the lessee shall pay an annual rental of $35,500 and interest on such bonds as might be issued subsequent to the date of the lease. It also provides that any improvements made by the lessee shall become the property of the lessor.

Upper Coos Railroad (Vt.)

Location and General Description of Property

The railroad of Upper Coos Railroad (Vt.), is a single-track, standard-gage, steam railroad, located in the extreme northeastern corner of Vermont. The owned mileage extends northerly from the Vermont-New Hampshire State line through Beecher Falls, Vt., to the international boundary line, a distance of 1.558 miles. The Upper Coos Railroad (Vt.) also owns yard and side tracks totaling 1.576 miles. Its road thus embraces 3.134 miles of all tracks owned. All of its property is leased to the Upper Coos Railroad (N. H.), which subleases it to the carrier. Through the connection of this railroad with the railroad of the Upper Coos Railroad (N. H.) at the Vermont-New Hampshire State line, both properties are operated by the carrier as one continuous line of road.

Corporate History

The Upper Coos Railroad (Vt.) was incorporated on July 28, 1888, under the general laws of the State of Vermont. Its principal office is at St. Johnsbury, Vt.

In 1888 the Upper Coos Railroad (Vt.) built 1.558 miles of road in Vermont, the total mileage owned on date of valuation. In November, 1888, the line was opened for operation. Between that date and May 1, 1890, it was operated under some informal arrangement by the Upper Coos Railroad (N. H.). On May 1, 1890, the Upper Coos Railroad (Vt.) leased its property to the Upper Coos Railroad (N. H.) which on the same date subleased it to the carrier. The carrier has operated the property since that date.

Leased Railway Property

On May 1, 1890, the property of the Upper Coos Railroad (Vt.) was leased to the Upper Coos Railroad (N. H.) for a term of 999 years. The lease provides that the lessee shall pay all taxes, make all improvements and at the expiration of the lease pay $1 as rent. On the same date the property was subleased by the Upper Coos Railroad (N. H.) to the carrier for the full term of 999 years, the property, together with all additions and betterments, to revert to the original owners at the expiration of the lease.