Wikipedia:WikiProject Trains/ICC valuations/Billings and Central Montana Railway

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The railroad of the Billings and Central Montana Railway Company, herein called the Billings and Central Montana, is a single-track, standard-gauge, steam railroad, located in Montana. The main line extends from a connection with the lines of the Chicago, Burlington & Quincy Railroad Company and the Northern Pacific at Billings, to Shepherd, a distance of 12.609 miles. The owned and used mileage

CORPORATE HISTORY

The Billings and Central Montana was incorporated on March 6, 1912, for a period of 40 years, under the general laws of the State of Montana, for the purpose of constructing, maintaining, and operating a standard-gauge railroad from the city of Billings, Mont., to a point in Musselshell County, Mont. It was organized June 4, 1912.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Billings and Central Montana, 12.609 miles, was all acquired by construction between April, 1913, and December 1, 1913. The mileage owned is recorded in the books of the company as 12.80. The reason for the difference of 0.191 mile between the recorded mileage and that inventoried as of date of valuation is not indicated by the records reviewed. In the construction of the road built for the Billings and Central Montana the general work of grading was performed by Buffin & Whitaker, contractors. The remainder of the work was done by the forces of the Billings and Central Montana.

HISTORY OF CORPORATE FINANCING