Wikipedia:WikiProject Trains/ICC valuations/Alabama Northern Railway

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Location and general description of property.—The railroad of the Alabama Northern Railway Company, hereinafter called the carrier, extends from Pyriton, Ala., to Ashland, Ala. Its main line connects the two points above named and is a single-track line 7.166 miles long.

Corporate history.—The carrier was incorporated in the State of Alabama on February 12, 1904, for the purpose of constructing and operating a railroad between Pyriton and Ashland. The road was opened for operation about May, 1906, and was constructed largely through the efforts of the residents of Ashland and vicinity in order to give that village railroad service by connecting at Pyriton with the Eastern Railway of Alabama, which at date of this valuation had become the Atlanta, Birmingham & Atlantic Railroad. The road was operated by the Louisville & Nashville Railroad Company until about April, 1906, when control of the carrier was obtained by the Atlantic & Birmingham Construction Company with a view to incorporating its line in a line of road which the construction company was then building for the Atlanta, Birmingham & Atlantic Railroad Company. In the minutes of meetings of the directors of that company for June 26, 1906, is found a resolution for the purchase of the carrier's property, the Atlanta, Birmingham & Atlantic Railroad Company, having previously acquired the capital stock of the carrier. Although the Atlanta, Birmingham & Atlantic Railroad Company took possession of the carrier's property on about July 1, 1907, and operated it as if it were actually a part of its property, no conveyance of the property or franchises of the carrier was ever made to that company or to any other grantee. The carrier's property was included among the assets of the Atlanta, Birmingham & Atlantic Railroad Company, turned over to receivers on January 1, 1909, and was controlled by them until the date of this investigation. Since the close of this investigation the property of the carrier has been restored to it for operation.

History of corporate financing, capital stock, and long-term debt.—