Wikipedia:WikiProject Trains/ICC valuations/Virginia and Southwestern Railway

http://books.google.com/books?id=Kp8FAAAAIAAJ

The railroad of the Virginia and Southwestern Railway Company, herein called the Virginia and Southwestern, is a single-track, standard-gage, steam railroad, located in the States of Virginia and Tennessee. The owned mileage extends southwesterly from St. Charles, Va., to Mountain City, Tenn., and from Moccasin Gap, Va., to Bull's Gap, Tenn., with branches from Big Stone Gap to Linden Mines, Va., from Rexford to Buladeen, Tenn., and from Persia Junction to Rogersville, Tenn. The Virginia and Southwestern also operates exclusively, under lease, 13.931 miles between Rogersville and Bull's Gap, Tenn., owned by the Southern. The Virginia and Southwestern wholly owns and uses 268.783 miles of all tracks and uses but does not own 22.053 miles of all tracks. It also owns and uses an undivided half interest in 0.102 mile of yard tracks and sidings.

The Virginia and Southwestern was incorporated under a special act of Virginia February 21, 1899, to acquire the property of [...] The Virginia and Southwestern, itself, and those corporations with their predecessors, total eight separate corporations, one of which underwent a change of name,[...]
 * APPENDIX 2
 * CORPORATE HISTORY


 * DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Virginia and Southwestern, amounting to 207.308 miles, was all acquired by purchase or construction, as follows:
 * Acquired by purchase:
 * From the South Atlantic and Ohio Railroad Company, Feb. 2, 1899, partly constructed by the Virginia and Kentucky Railroad Company, completed by the South Atlantic and Ohio Railroad Company—
 * Bristol to Gate City, Va., 1888 32
 * Gate City to Appalachia, Va., 1890 37
 * Appalachia to Looney Creek Mines, Tenn[sic]., 1890 2
 * 71
 * From the Bristol, Elizabethtown and North Carolina Railway Company, Feb. 23, 1899, constructed by this company, Bristol to Elizabethtown, Tenn., 1892 22
 * From the Black Mountain Railway Company, Apr. 29, 1908, constructed by this company—
 * St. Charles to Pocket, Va., 1905 6
 * Pocket to Imboden, Va., 1908 15
 * St. Charles to Darby Mines, Va. 3
 * Bailey Creek Mine Branch 2
 * Fawn Creek Mine Branch 1
 * 27
 * From the Imboden Coal and Coke Company, Jan. 1, 1904, constructed by this company, Imboden to Appalachia, Va. 1
 * Total acquired by purchase 121
 * Acquired by construction:
 * Elizabethtown to Maymead, Tenn., 1900 31
 * Maymead to Mountain City, Tenn., 1902 5
 * Rerford to Buladun, Tenn. (unknown) 11
 * Moccasin, Va., to Virginia-Tennessee State line, 1910 6
 * Virginia-Tennessee State line to Persia Junction, Tenn., 1910 31
 * Looney Creek Mines to Linden Mines, Va. (unknown) 2
 * Total acquired by construction 88
 * Grand total 207
 * Difference between total recorded mileage and mileage inventoried as of date of valuation .308
 * Mileage inventoried as of date of valuation 207.308

No rental charges, Louisville and Nashville Railroad Company pays such proportion of total expense of operation and maintenance as the number of tickets sold and number of freight tons handled for it bear to the number of tickets sold and freight tons handled.
 * Southern, trackage, 1 mile, and certain sidings at Bulls Gap, Tenn. Annual rental based on 50 per cent of 5 per cent interest on agreed valuation of $69,947.52. Expense of operation and maintenance divided equally between the Southern Railway Company and the Virginia and Southwestern.
 * Norfolk and Western Railway Company—
 * Trackage between Norton and Tom's Creek, Va., 12 miles. Annual rental based on 5 per cent of valuation of $332,000, apportioned together with expense of operation, maintenance, and taxes on a car-mileage basis.
 * Passenger station at Bristol, Va., annual rental based on 4 per cent of valuation of $11147.50, apportioned together with expense of operation and maintenance on basis of number of trains of each company handled.
 * Southern—
 * Terminal facilities at Bulls Gap, Tenn. Virginia and Southwestern pays 35 per cent of 5 per cent per annum on a valuation of $36,600 and 35 per cent of cost of operation and maintenance.
 * Water facilities at Bulls Gap, Tenn. Virginia and Southwestern pays 26 per cent of 5 per cent on a valuation of $30,000 and 35 per cent of cost of operation and maintenance. Travelers Aid at Bristol, Va. Basis of use unknown. Virginia and Southwestern paid Southern Railway Company during the year ended on date of valuation $60.00
 * Joint agency at Bluff City, Tenn. Basis of use unknown. Virginia and Southwestern paid Southern Railway Company during the year ended on date of valuation 300.00
 * Louisville and Nashville Railroad Company—
 * Calahans Creek branch. Virginia and Southwestern pays one-third of expense of operation and maintenance.
 * Passenger agency at Appalachia, Va. Basis of use unknown. Virginia and Southwestern paid Louisville and Nashville Railroad company during the year ended on date of valuation 570.00

In addition the Virginia and Southwestern leases for sole operation that portion of the Southern Railway Company's railroad extending from Bulls Gap to Rogersville, Tenn., a distance of about 14 miles. The provisions of the lease, dated July 1, 1909, as stated in the minute book of the Virginia and Southwestern,