Wikipedia:WikiProject Trains/ICC valuations/State Line and Sullivan Railroad: Difference between revisions
←Created page with 'http://books.google.com/books?id=hMMFAAAAIAAJ The railroad of the State Line and Sullivan Railroad Company, herein called the State Line and Sullivan, is a single…' |
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Revision as of 13:39, 31 May 2009
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http://books.google.com/books?id=hMMFAAAAIAAJ
The railroad of the State Line and Sullivan Railroad Company, herein called the State Line and Sullivan, is a single-track line extending northerly from Bernice Junction to Monroeton, Pa., 24.006 miles.
- CORPORATE HISTORY
The State Line and Sullivan was incorporated on December 2, 1874, under the general laws of the State of Pennsylvania, for the purpose of acquiring the franchises, rights, and property of the Sullivan and Erie Coal and Railroad Company, whose property had been sold under foreclosure proceedings on November 14, 1874. That company had been incorporated by a special act of the State of Pennsylvania approved March 23, 1865.
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage of the State Line and Sullivan, 24.006 miles, was all acquired by purchase after foreclosure from the Sullivan and Erie Coal and Railroad Company. That company had acquired the road by construction, partly under contract and partly by its own forces. The road was partly opened for operation in August, 1870, and entirely completed and opened for operation in January, 1873.
- HISTORY OF CORPORATE FINANCING