Wikipedia:WikiProject Trains/ICC valuations/Fairport, Painesville and Eastern Railroad

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Location and general description of property.—The railroad of The Fairport, Painesville and Eastern Railroad Company, hereinafter called the carrier, is a corporation of the State of Ohio. It owns and operates a single-track standard-gauge steam railroad extending from Painesville, Ohio, to Fairport, Ohio, a distance of 4.853 miles.

CORPORATE HISTORY

The carrier was incorporated July 16, 1910, under the general laws of the State of Ohio for the stated purpose of constructing, or otherwise acquiring, and operating a railroad from Fairport to Austinburg, Ohio.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, amounting to 4.853 miles, was all acquired by construction. The road, with the exception of certain grading, which was done under contract, was constructed during 1910 and 1911 by its own forces. The