Wikipedia:WikiProject Trains/ICC valuations/Vicksburg, Shreveport and Pacific Railway

Interstate Commerce Commission, Valuation Reports, Volume 26

Location and General Description of Property
The railroad of the Vicksburg, Shreveport & Pacific Railway Company, herein referred to as the Vicksburg, Shreveport & Pacific, consists of 188.448 miles of single-track, standard-gage, steam railroad, located in the northern part of Louisiana. The owned mileage consists of a line without branches extending from Delta Point on the eastern boundary of the State to the Louisiana-Texas State line. Of this mileage the Vicksburg, Shreveport & Pacific operates 171.441 miles, extending from Delta Point to Shreveport. The remaining 17.007 miles, extending from Shreveport to the Louisiana-Texas State line, are leased for operation to The Missouri, Kansas & Texas Railway Company of Texas. The Vicksburg, Shreveport & Pacific wholly owns and uses 233.036 miles of all tracks, and owns but does not use 18.196 miles of all tracks which are classified in the trackage table in Appendix 1.

Introductory
The property of the Vicksburg, Shreveport & Pacific, with exception of the portion known as the Waskom extension, was operated by its own organization from May 1, 1901, to December 31, 1917. On January 1, 1918, its common-carrier property was taken over for operation by the United States Railroad Administration, which operates it on date of valuation. The Wascom extension is operated on date of valuation as a part of the system of The Missouri, Kansas & Texas Railway Company of Texas, by which company it was operated under lease from May 1, 1901, to December 31, 1917.

Corporate History
The Vicksburg, Shreveport & Pacific was incorporated April 23, 1901, under the general laws of the State of Louisiana, as a reorganization of the Vicksburg, Shreveport and Pacific Railroad Company. The date of organization of the Vicksburg, Shreveport & Pacific was April 23, 1901. The following chart shows the names of the corporations that comprise the line of corporate succession culminating in the Vicksburg, Shreveport & Pacific as at present constituted, the respective dates of incorporation, and for each predecessor the date of succession, the immediately succeeding corporation and the manner of succession. Reference to each of these corporations is made in the last column by its respective number shown in the first column.

Development of Fixed Physical Property
The owned mileage of the Vicksburg, Shreveport & Pacific, amounting to 188.448 miles, was all acquired by purchase in the reorganization of May 1, 1901. The names of the corporations which constructed this property, and the years when the various portions of the line were constructed, are indicated in the following table:

Leased Railway Property
The property of the Vicksburg, Shreveport & Pacific, devoted to common-carrier purposes was taken over for operation by the United States Railroad Administration on January 1, 1918, and is so operated on date of valuation. The arrangements of the Vicksburg, Shreveport & Pacific with other companies, in effect December 31, 1917, covering the sole or joint use by either of road or other facilities of the other, have been continued by the railroad administration during the period January 1, 1918, to date of valuation. The description of the property, the period, and terms of use, and the rentals accrued and charged or credited to income for the year ending on date of valuation are as follows: In addition, the telegraph pole line property located along the railroad of the Vicksburg, Shreveport & Pacific is in part owned and used by that company and in part owned and used by the Western Union Telegraph Company. Part of the telegraph line so owned by each company is jointly used by the other company. However, the Vicksburg, Shreveport & Pacific reserves the right to use for railroad purposes only the telegraph property it leases to the Western Union Telegraph Company. These arrangements with the Western Union Telegraph Company for joint use of the property, as well as for the construction and maintenance of the telegraph lines on the right of way of the Vicksburg, Shreveport & Pacific, are covered by an agreement dated February 12, 1885, and subsequent amendments thereto, for an indefinite period, subject to six months' notice.