Wikipedia:WikiProject Trains/ICC valuations/Cane Belt Railroad
The railroad of The Cane Belt Railroad Company, hereinafter called the Cane Belt, which is leased to and operated by the Gulf, Colorado and Santa Fe, is a single-track standard-gauge steam railroad, located in the southeastern part of Texas. The owned mileage consists of branch lines, of which the principal one extends southeasterly from Sealy to Matagorda, a distance of 90.647 miles. Short branches extend from the above line to points in the same territory.
- CORPORATE HISTORY
The Cane Belt was incorporated under the provisions of chapter 1, title 94, of the Revised Statutes of Texas on March 10, 1898, for a period of 50 years. Its stated purpose, as amended, was to construct, own, maintain, equip, and operate a standard-gauge railroad from Eagle Lake, Colorado County, to Bonus, Wharton County, a distance of about 15 miles; from Eagle Lake to or near the town of Sealy, Austin County, a distance of about 15 miles; and from Bonus, in a southerly direction, through the counties of Wharton, Matagorda, and Brazoria to tidewater on the Gulf of Mexico, at a point on the southeastern boundary of Brazoria County between the mouths of the Brazos and Colorado Rivers, a distance of about 74 miles, or a total of about 104 mlles; all in the State of Texas.
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The property of the Cane Belt was acquired by direct purchase and by construction. Of the mileage owned, about 5 miles was purchased and the remainder constructed. The line from Bay City to Matagorda [?] a total of about 34 miles, was constructed by the Colorado Construction Company under a contract dated July 28, 1902, the remainder being constructed by the Cane Belt. The following table shows how each section of the property was acquired, the date purchased or placed [can't get the text]