Wikipedia:WikiProject Trains/ICC valuations/St. Clair Tunnel Company
- CORPORATE HISTORY
The St. Clair Tunnel Company was incorporated under the general laws of the State of Michigan and Dominion of Canada through articles filed in Canada, November 15, 1886, and in Michigan on November 23, 1886, as a consolidation of the Port Huron Railroad Tunnel Company, a Michigan corporation, and The St. Clair Frontier Tunnel Company, a Canadian corporation. The Port Huron Railroad Tunnel Company was incorporated under general laws of Michigan, October 8, 1886; The St. Clair Frontier Tunnel Company under special act of Dominion of Canada, approved April 19, 1884. The articles of consolidation were dated November 9, 1886.
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage, 3.026 miles, was all acquired by construction during the period November, 1888, to August 30, 1890, but was not opened for operation until September 19, 1891. The construction work was performed principally by the forces of the carrier. On January 4, 1906, contract was made with the Westinghouse Electric and Manufacturing Company for the substitution of electricity for steam as the motive power for handling trains through the tunnel. This work was completed May 17, 1908, and is used in operation of the property on date of valuation.
- HISTORY OF CORPORATE FINANCING