Wikipedia:WikiProject Trains/ICC valuations/Central Transfer Railway and Storage Company

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The railroad of the Central Transfer Railway and Storage Company, hereinafter called the carrier, is a single-track standard-gauge steam terminal railroad, located in the city of Louisville, Ky. The owned mileage is located principally on Ormsby Avenue and extends from connections with the lines of Southern Railway Company and the Louisville and Nashville Railroad Company near Seventh Street to a connection on Fourteenth Street with the line of the Illinois Central Railroad Company, a distance of 0.653 mile. The carrier also owns 0.558 mile of yard tracks and sidings. Its road thus embraces 1.211 miles of all tracks. On date of valuation the property of the carrier is being operated by the Southern Railway Company, which, jointly with the Louisville and Nashville Railroad Company, controls it through stock ownership.

CORPORATE HISTORY

The carrier was incorporated originally as the Central Transfer Company April 16, 1884, by special act of the Legislature of the State of Kentucky, for the purpose of acquiring certain railroad property in the city of Louisville, Ky., that had been constructed by H. A. Dumesnil under an ordinance approved by the mayor of Louisville, Ky., December 4, 1882. On August 1, 1883, H. A. Dumesnil conveyed an undivided four-fifths interest in this property to H. Dumesnil and the remaining one-fifth interest to the Louisville and Nashville Railroad Company. They organized the Central Transfer Company and conveyed the entire property to that company by deed dated April 24, 1884.

By special act of the Legislature of the State of Kentucky, approved April 23, 1890, the name of the company was changed to the Central Transfer Railway and Storage Company.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, 0.653 mile, was all acquired by purchase. It was constructed about 1883 by H. A. Dumesnil.

HISTORY OF CORPORATE FINANCING