Wikipedia:WikiProject Trains/ICC valuations/Addison and Susquehanna Railroad

Interstate Commerce Commission, Valuation Reports, Volume 36

Addison and Susquehanna Railroad
The railroad of the Addison and Susquehanna Railroad Company, herein called the Addison and Susquehanna, consists of 9.760 miles of single-track, standard-gage, steam railroad, extending from the New York-Pennsylvania State line, near Elkland, Pa., to Addison, all in the State of New York.

Introductory
The Addison and Susquehanna is a corporation of the State of New York, having its principal office at Buffalo, N. Y. The records reviewed state that the company was incorporated on June 21, 1898, but its books of accounts were opened as of May 20, 1898. The Addison and Susquehanna is controlled by the carrier through ownership of its entire outstanding capital stock. On the other hand, the records reviewed do not indicate that the company controls any common-carrier corporation.

The property of the Addison and Susquehanna has been operated from date of completion to date of valuation as detailed hereunder.

Corporate History
The Addison and Susquehanna was incorporated June 21, 1898, under the general laws of the State of New York, for the purpose of acquiring that part of the property of the Addison and Pennsylvania Railway Company that was located in the State of New York. The date of organization was August 17, 1898.

Development of Fixed Physical Property
The owned mileage of the Addison and Susquehanna, 9.760 miles, was all acquired through judicial sale of that part of the property of the Addison and Pennsylvania Railway Company located in the State of New York.

Leased Railway Property
The entire property of the Addison and Susquehanna is leased to the carrier [Buffalo and Susquehanna Railroad] for a term of 50 years from April 1, 1901. The terms of the lease and the rental accrued for the year ended December 31, 1917, are given in the chapter on leased railway property in the report on the carrier.