Wikipedia:WikiProject Trains/ICC valuations/Spirit Lake Transfer Railway

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

http://books.google.com/books?id=Dk5Uclb4_RYC


The railroad of Spirit Lake Transfer Railway Company, herein called the Spirit Lake, which is leased to and operated by the Missabe, is a single-track line in Minnesota, extending southerly from Adolph, near Duluth, Minn., to the St. Louis River Bridge, a distance of 14.675 miles.


The property of the Spirit Lake has been operated by the Missabe, under lease, since August 1, 1915, when it was placed in operation.

CORPORATE HISTORY

The Spirit Lake was incorporated October 11, 1907, under the general laws of the State of Minnesota, for the purpose of acquiring and operating a railroad in St. Louis County, Minnesota, and in Douglas County, Wisconsin, with branches.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Spirit Lake, amounting to 14.675 miles, was acquired by construction. The construction work began in 1907, but was discontinued in 1913. The work was resumed in 1915, and the road was completed in August, 1916. Operations over part of the road were begun August 1, 1915.

HISTORY OF CORPORATE FINANCING