Wikipedia:WikiProject Trains/ICC valuations/Rock Island, Stuttgart and Southern Railway

Interstate Commerce Commission, Valuation Reports, Volume 24

Location and General Description of Property
The railroad of the Rock Island, Stuttgart and Southern Railway Company, herein called the Rock Island, Stuttgart and Southern, is a single-track standard-gauge, steam railroad, located entirely in Arkansas, and extending from Mesa to Stuttgart, 20.835 miles. It also owns 2.553 miles of other track, making a total of 23.388 miles of all tracks.

Corporate History
The Rock Island, Stuttgart and Southern was incorporated on January 20, 1913, under the laws of Arkansas. Control of the company is vested in the carrier through ownership of the entire capital stock. All of its property is operated by the carrier under lease. On January 22, 1913, and May 15, 1913, respectively, the Rock Island, Stuttgart and Southern acquired the property, rights, and franchises of The Stuttgart & Rice Belt Railroad Company and of the Stuttgart and Southern Railroad Company. The property acquired from The Stuttgart & Rice Belt Railroad Company consisted of approximately 21 miles of single-track, standard-gauge railroad, between Mesa and Stuttgart, Ark. That acquired from the Stuttgart and Southern consisted of terminal lands with some improvements in the city of Stuttgart.

Leased Railway Property
All of the property of the Rock Island, Stuttgart and Southern is leased to the carrier for a period of 999 years, under an agreement dated February 1, 1914. This agreement provides that the carrier shall pay the interest on the outstanding bonds of the Rock Island, Stuttgart and Southern, pay all taxes on the property, and pay the cost of maintaining the corporate organization of the Rock Island, Stuttgart and Southern.