Wikipedia:WikiProject Trains/ICC valuations/North Brookfield Railroad

Interstate Commerce Commission, Valuation Reports, Volume 27

Location and General Description of Property
The railroad of the North Brookfield Railroad Company, herein called the North Brookfield Railroad, is a single-track branch line, within the State of Massachusetts, extending from East Brookfield to North Brookfield, a distance of 4.163 miles.

Introductory
The North Brookfield Railroad is a corporation of the State of Massachusetts, having its principal office at North Brookfield, Mass. It is controlled by the town of North Brookfield, Mass., through ownership of 90 per cent of its capital stock. On the other hand, the records reviewed do not indicate that this company, itself, controls any common-carrier corporation. The property of the North Brookfield Railroad was operated by the Boston and Albany from January 1, 1876, the date of completion, to July 30, 1900. From the latter date to date of valuation the property has been operated by The New York Central and Hudson River Railroad Company and its successor, the New York Central.

Corporate History
The North Brookfield Railroad was incorporated June 24, 1875, under the general laws of the State of Massachusetts. It was organized July 3, 1875.

Development of Fixed Physical Property
The road of the North Brookfield Railroad consisting of 4.163 miles of single-track, standard-gauge, steam railroad, between North Brookfield and East Brookfield, Mass., was acquired by construction between July 20, 1875, and January 1, 1876.

Leased Railway Property
The entire property of the North Brookfield Railroad is leased to the Boston and Albany for the term of 50 years from January 1, 1886. Since July 1, 1900, the Boston and Albany has subleased the property to The New York Central and Hudson River Railroad Company and its successor, the New York Central, for operation. 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.