Wikipedia:WikiProject Trains/ICC valuations/Alcolu Railroad

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The railroad of the Alcolu Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, extending northeastwardly from Alcolu, S. C., to Hams, S. C., a distance of 32.841 miles. The carrier wholly owns and uses 37.976 miles of all tracks, which are classified in the trackage table in Appendix 1.

The carrier was incorporated March 15, 1902, under the general laws of South Carolina. The date of its organization was July 2, 1902.
 * CORPORATE HISTORY

The mileage owned by the carrier, 32.841 miles, was acquired by purchase and by construction, as indicated in the following statement:
 * DEVELOPMENT OF FIXED PHYSICAL PROPERTY
 * Acquired by purchase from D. W. Alderman and Sons Company, July 2, 1907, constructed by—
 * D. W. Alderman and Company, Alcolu to Durants, S. C., 1887, 7 miles
 * D. W. Alderman and Company, Durants to Sardinia, S. C., 1892, 5 miles
 * D. W. Alderman and Sons Company, Sardinia to Kirby, S. C., 1895, 17 miles
 * 29.00
 * Acquired by construction, Kirby to Ham, S. C., 1910 8.80
 * Total acquired 32.86
 * Difference between total recorded mileage and mileage inventoried as of date of valuation 0.019
 * Mileage inventoried as of date of valuation 32.841


 * HISTORY OF CORPORATE FINANCING