Wikipedia:WikiProject Trains/ICC valuations/Virginia–Carolina Railway
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The railroad of the Virginia–Carolina Railway Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in the States of Virginia and North Carolina. The owned mileage extends in a southeasterly direction from Abingdon, Va., to Elkland, N. C., a distance of 76.626 miles, with a branch extending from Damascus, Va., to the Virginia-Tennessee State line, 1.844 miles. This mainline mileage includes a spur about 1.6 miles in length, extending from Creek Junction, Va., to Grassy Ridge, Va. The carrier wholly owns and uses 83.086 miles of all tracks, and owns but does not use 1.616 miles of all tracks which are classified in the trackage table in Appendix 1.
- CORPORATE HISTORY
The Virginia–Carolina Railway was incorporated on March 21, 1894, under the laws of Virginia, as the Virginia Western Coal and Iron Railroad Company. [...]
No. | Name | Incorporation | Succession |
---|---|---|---|
1. | Virginia–Carolina Railway Company. | General laws of Virginia, Mar. 21, 1894, as the Virginia Western Coal and Iron Railway Company. Name changed Mar. 1, 1898, to that borne on date of valuation. | |
2. | Virginia–Carolina and Southern Railway Company. | General laws of Virginia, Jan. 5, 1906. | Sold to 1, Oct. 16, 1912. |
3. | The Abingdon Coal and Iron Railroad Company. | General laws of Virginia, Apr. 11, 1887. | Sold to 1, Mar. 21, 1894. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
Name of company and termini | Date acquired | Recorded mileage |
---|---|---|
Purchase: | ||
The Abingdon Coal and Iron Railroad Company, Abingdon to Damascus, Va. (Including branch). | Mar. 21, 1894 | 16.06 |
In course of construction when acquired. Completed by carrier between Jan. 1, 1900, and Feb. 7, 1901. | ||
Virginia–Carolina and Southern Railway Company, Taylors Valley to Grassy Ridge, Va. | Oct. 16, 1912 | 5.20 |
Construction: | ||
Damascus to Virginia-Tennessee State line | 1901 | 1.42 |
Damascus to Laureldale, Va. | October, 1904 | 2.37 |
Laureldale to Taylors Valley, Va. | April, 1906 | 4.79 |
Creek Junction, Va., to Elkland, N. C. | May 24, 1918 | 48.65 |
Total recorded mileage | 78.480 | |
Less difference between recorded mileage and that inventoried by us | 0.111 | |
Total mileage inventoried as of date of valuation | 78.369 |
- HISTORY OF CORPORATE FINANCING