Wikipedia:WikiProject Trains/ICC valuations/Ferdinand Railroad

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The railroad of the Ferdinand Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad extending in a southeasterly direction from Huntingburg to Ferdinand, Ind., a distance of 6.455 miles. The carrier wholly owns and uses 6.719 miles of all tracks, which are classified in the trackage statement in Appendix 1.


CORPORATE HISTORY

The carrier was incorporated October 13, 1911, under the general laws of the State of Indiana, for the purpose of acquiring the property, rights, and franchises of the Ferdinand Railway Company, which was done. The latter company was incorporated October 25, 1906, under the general laws of the State of Indiana. Its property, rights, and franchises were sold at foreclosure on October 7, 1911, after receivership begun January 4, 1910, and were conveyed to the carrier by deed dated October 28, 1911. The date of organization of the carrier was not determined.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, 6.455 miles, was all acquired by purchase after foreclosure proceedings, from the Ferdinand Railway Company. It was constructed by that company during the years 1908 and 1909.

HISTORY OF CORPORATE FINANCING