Wikipedia:WikiProject Trains/ICC valuations/Pittsfield and North Adams Railroad

Interstate Commerce Commission, Valuation Reports, Volume 27

Location and General Description of Property
The railroad of the Pittsfield and North Adams Rail-road Corporation, herein called the Pittsfield and North Adams, is a single-track branch line, within the state of Massachusetts, extending from Pittsfield (North Adams Junction) to North Adams, a distance of 18.539 miles.

Introductory
The Pittsfield and North Adams is a corporation of the State of Massachusetts, having its principal office at Boston, Mass. The company has kept no accounting records. Therefore, no information can be given from its accounts regarding its financial dealings, corporate operations, or investments. The information given below was obtained from the records of the Western Railroad Corporation and from other sources. The records reviewed do not indicate that the Pittsfield and North Adams is controlled by any individual or corporation, nor, on the other hand, that the company, itself, controls any common-carrier corporation.

The property of the Pittsfield and North Adams was operated by the Western Railroad Corporation from December 1, 1846, to November 30, 1867; by the Boston and Albany from December 1, 1867, to June 30, 1900, and has been operated by The New York Central and Hudson River Railroad Company and its successor, the New York Central, from July 1, 1900, to date of valuation.

Corporate History
The Pittsfield and North Adams was incorporated March 3, 1842, by special act of the State of Massachusetts. It was organized December 18, 1845.

Development of Fixed Physical Property
The owned mileage of the Pittsfield and North Adams extending from Pittsfield to North Adams, Mass., a distance of 18.539 miles, was acquired by construction. The road was built by the Western Railroad Corporation for account of the Pittsfield and North Adams and was opened for operation on December 1, 1846.

Leased Railway Property
The entire property of the Pittsfield and North Adams is leased to the Boston and Albany for a term of 99 years from December 1, 1876. 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. 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 of the New York Central.