Wikipedia:WikiProject Trains/ICC valuations/Carolina, Clinchfield and Ohio Railway of South Carolina
The railroad of the Clinchfield of South Carolina extends from Spartanburg, S. C., to the South Carolina-North Carolina State line, a distance of 18.087 miles, where it connects with the Clinchfield.
- APPENDIX 2
- CLINCHFIELD OF SOUTH CAROLINA
The Clinchfield of South Carolina is a corporation of South Carolina, with its principal office at Spartanburg, S. C. The Clinchfield of South Carolina is controlled by the Clinchfield in the following manner: 114 of the 120 shares of capital stock outstanding are held in the name of Earnest A. Smith of the firm of Blair & Company of New York, in trust for the Clinchfield.
- CORPORATE HISTORY
The Clinchfield of South Carolina was incorporated as the South and Western Railroad Company by articles of incorporation that were filed April 18, 1908, in the office of the secretary of state of South Carolina. The name was changed to the present designation by an appropriate amendment dated December 4, 1909. Organization of the Clinchfield of South Carolina was perfected April 18, 1908. The purpose of incorporation was to provide a direct connection between the tracks of the Clinchfield and those of the Southern Railway Company and the Charleston & Western Carolina Railway Company, and to form a part of a through route between territory adjacent to the Great Lakes and the South Atlantic seaboard.
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The Clinchfield of South Carolina acquired its 18.087 miles of road by construction under contract with the Norlina Construction Company. Construction of the road was begun about September 24, 1908, and the entire line was completed and placed in operation on December 11, 1909.
- HISTORY OF CORPORATE FINANCING