Wikipedia:WikiProject Trains/ICC valuations/Southern Railway in Kentucky

From Wikipedia, the free encyclopedia
Jump to: navigation, search

http://books.google.com/books?id=Kp8FAAAAIAAJ


The railroad of Southern Railway Company in Kentucky, herein called the Southern in Kentucky, is a single-track road located wholly within the State of Kentucky and extending from Louisville to Danville, from Harrodsburg to Burgin, and from Lawrenceburg to Georgetown and Lexington. It is linked to the Southern system by the Kentucky & Indiana Terminal Railroad Company and The Cincinnati, New Orleans & Texas Pacific Railway Company. It connects with the former at Louisville and with the latter at Danville, Burgin, Lexington, and Georgetown. The property embraces 127.185 miles of first main, and 32.590 miles of yard and side tracks, a total of 159.775 miles of all tracks. In addition the company owns jointly with others 0.126 mile of yard and side track which the Southern uses jointly with the other joint owners.


CORPORATE HISTORY

The Southern in Kentucky was incorporated August 17, 1894, under the general laws of the State of Kentucky of April 5, 1893, for the purpose of taking over the property, rights, and franchises of the Louisville Southern Railroad Company. The company last named had previously been acquired by the Richmond Terminal reorganization committee, together with certain other railroad companies, comprising the system of lines that had been controlled by the Richmond and West Point Terminal Railway and Warehouse Company, which it was the purpose of that committee to reorganize into the Southern. However, when the Louisville Southern Railroad Company was acquired it was found that certain acts of the Kentucky Legislature prohibited foreign corporations from operating a railroad in that State. As a consequence the Southern in Kentucky was incorporated to take over that property, which was conveyed to it by the Richmond and West Point Terminal and Warehouse Company by deeds dated August 20, 1894, and January 13, 1896.

The following chart [...]

No. Name Incorporation Succession
1 Southern Railway Company in Kentucky. Under general laws of Kentucky, Aug. 17, 1894.
2 Louisville Southern Railroad Company. Under special act of Kentucky, approved Mar. 9, 1868, amended Mar. 6, 1869, Mar. 11, 1882, Apr. 22, 1882, and May 12, 1890. Sold at foreclosure, Aug. 16, 1894; after receiver began operation, July 3, 1893, and conveyed to 1 by deeds dated Mar. 20, 1890[sic], and Jan. 13, 1896.
3 Versailles and Midway Railway Company. Under special acts of Kentucky approved July 15, 1884, and Jan. 25, 1886; amended Mar. 8, 1886. Merged with 1[sic - 2] on Jan. 15, 1889.
4 Louisville & Southwestern Railway Company. Under special act of Kentucky, approved Jan. 28, 1882. Merged with 1[sic] Jan. 1, 1889.
5 Southern[sic] Railroad Company. Under special act of Kentucky, Feb. 16, 1876. Merged with 1[sic] June 29, 1889.
6 Woodford Railroad Company. Under special act of Kentucky, approved Mar. 13, 1871. Merged with 1[sic] Jan. 8, 1889.
DEVELOPMENT OF FIXED PHYSICAL PROPERTY

Of the 127.185 miles of road owned by the Southern in Kentucky, on date of valuation, approximately 122 miles were acquired by purchase from the Louisville Southern Railroad Company in 1894, and approximately 5 miles were constructed for the Southern in Kentucky by the Southern. The details with regard to the construction of this property including data when the various sections thereof were opened for operation, are as follows:

Acquired from the Louisville Southern Railroad Company by purchase, Aug. 20, 1894:

Constructed by the Louisville Southern Railroad Company—
Lawrenceburg to Lexington, Ky., 1889 23.60
Louisville to Harrodsville[sic], Ky., 1888 77.58
Constructed by the Louisville Southern Railroad Company and the Versailles and Midway Railway Company [Midway] to Georgetown, Ky., 1889 9.61
Constructed by the Versailles and Midway Railway Company, Midway to Versailles, Ky., 1885 7.13
Constructed by the Southwestern Railroad Company, Harrodsburg to Bergin, Ky., date not stated 4.80
122.72

Acquired by construction, constructed by the Southern for the Southern in Kentucky, Harrodsburg to Cincinnati Southern Junction, Ky., 1905 4.92

Total 127.64

The total recorded mileage of 127.64 miles exceeds by approximately 0.455 mile the inventoried mileage of 127.185 miles.

HISTORY OF CORPORATE FINANCING