Wikipedia:WikiProject Trains/ICC valuations/Western Arizona Railway

Interstate Commerce Commission, Valuation Reports, Volume 127

Location and General Description of Property
The railroad of Western Arizona Railway Company, hereinafter called the Western Arizona Railway, is a single-track line, located entirely within the State of Arizona and extending from McConnico to Chloride, a distance of 23.370 miles.

Introductory
The Western Arizona Railway is a corporation of the State of Arizona, having its principal office at Los Angeles, Calif. It is controlled by the Santa Fe through ownership of the entire capital stock. On the other hand, the records reviewed indicate that the company itself does not control any other common-carrier corporation. The property of the Western Arizona Railway has always been operated under lease by the Santa Fe.

Corporate History
The Western Arizona Railway was incorporated January 6, 1906, under the general laws of the Territory of Arizona, as a reorganization of The Arizona and Utah Railway Company. The latter had been incorporated April 10, 1899, under the general laws of the Territory of Arizona. Its property, rights, and franchises were sold at foreclosure sale, following a receivership dating from June 9, 1905, to individuals on December 22, 1905, who transferred their title to the Western Arizona Railway on January 9, 1906.

Development of Fixed Physical Property
The mileage owned by the Western Arizona Railway, amounting to 23.37 miles, was acquired by it through the reorganization of 1906 and through construction. The manner in which the Western Arizona Railway acquired the property and the years in which the various portions of the line were constructed are indicated in the following statement.

Leased Railway Property
The entire property of the Western Arizona Railway is leased to the Santa Fe for a term of 50 years from January 11, 1906. The terms of the lease are given in the section on leased railway property in the report on the Santa Fe.