Wikipedia:WikiProject Trains/ICC valuations/Kalamazoo, Allegan and Grand Rapids Railroad

Interstate Commerce Commission, Valuation Reports, Volume 27

The Kalamazoo, Allegan & Grand Rapids Railroad
The railroad of The Kalamazoo, Allegan & Grand Rapids Railroad Company, herein called the Kalamazoo, Allegan & Grand Rapids, is a single-track branch line, within the State of Michigan, extending from Kalamazoo to Grand Rapids, a distance of 58.476 miles.

Introductory
The Kalamazoo, Allegan & Grand Rapids is a corporation of the State of Michigan, having its principal office at Kalamazoo, Mich. No entries have been recorded in the accounting records obtained of the Kalamazoo, Allegan & Grand Rapids subsequently to April, 1876. The balances recorded in its books as of that date are those reported by the company in its report filed with this commission as of date of valuation. The records reviewed do not indicate that the Kalamazoo, Allegan & Grand Rapids is controlled by any individual or corporation, nor, on the other hand, that it controls any common-carrier corporation.

The records reviewed do not indicate by whom the property of this company was operated from the date the first section of the road was opened for operation, November 23, 1868, to September 21, 1869. From this date the property was operated under lease by The Lake Shore and Michigan Southern Railway Company until December 23, 1914, and from this date to date of valuation, it has been operated under lease by the New York Central.

Corporate History
The Kalamazoo, Allegan & Grand Rapids was incorporated June 3, 1868, under the general laws of the State of Michigan, through filing on that date an agreement for the purpose of consolidating the property, rights, and franchises of the Kalamazoo and Allegan Railroad Company and the Kalamazoo and Grand Rapids Railroad Company, which was done. The two railroad corporations named were incorporated June 18, 1867, and January 3, 1868, respectively, under the general laws of the State of Michigan. Their property, rights, and franchises were acquired by the Kalamazoo, Allegan & Grand Rapids June 3, 1868, under a consolidation agreement. The date of organization of the Kalamazoo, Allegan & Grand Rapids was June 3, 1868.

Development of Fixed Physical Property
The owned mileage of the Kalamazoo, Allegan & Grand Rapids, 58.476 miles, was acquired by completion of construction begun by its predecessors. The portion of the road between Kalamazoo and Allegan, Mich., was completed on November 23, 1868, and the portion between Allegan and Grand Rapids, Mich., was completed on March 1, 1869. The construction work of the company was performed by Goss, Warner & Company, contractors, who do not appear to have been affiliated with the company.

Leased Railway Property
The entire property of the Kalamazoo, Allegan & Grand Rapids is leased to the New York Central for a term of 999 years from September 21, 1869, by virtue of its assumption of a lease entered into with The Lake Shore and Michigan Southern Railway Company. The terms of the lease and the rental accrued for the year ending on date of valuation are given in the chapter on leased railway property in the report on the New York Central.