Wikipedia:WikiProject Trains/ICC valuations/Central Arkansas and Eastern Railroad

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Corporate history.—The Central Arkansas and Eastern was incorporated May 18, 1901, under the general laws of Arkansas, for the purpose of constructing and operating a railroad from England, Ark., to Ryan (then McGregor), Ark. An amendment to the original charter, dated February 16, 1910, provided for the construction of an extension from Ryan, Ark., to Stuttgart, Ark., and the building of a branch from Rice Junction, Ark., to Hazen, Ark. Control of the Central Arkansas and Eastern is vested in the carrier through ownership of the entire capital stock, and the property is leased to the carrier for sole operation. The principal office is at Little Rock, Ark. The detailed facts as to the development of the fixed physical property are given in Appendix 2.

THE CENTRAL ARKANSAS AND EASTERN

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The property of the Central Arkansas and Eastern was all acquired by construction. The original line from England to Ryan was completed and opened for operation in 1901. The construction of the extension from Ryan to Stuttgart and the branch from Rice Junction to Hazen, as well as improvements of the original line, was commenced in 1910, and completed October 22, 1911, under a contract with Thompson and Scott, of St. Louis, Mo., dated May 12, 1910. This contract was known as "force account contract," and was based on a charge by the contractors of 15 per cent upon labor and materials; the contractors to furnish all of the labor and such materials as the Central Arkansas and Eastern did not elect to furnish. All payments were guaranteed by the carrier.

HISTORY OF CORPORATE FINANCING