Wikipedia:WikiProject Trains/ICC valuations/Gray's Point Terminal Railway

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Corporate history.—The Gray's Point Terminal was incorporated May 23, 1896, under the general laws of the State of Missouri, for the purpose of constructing a railroad from Delta, Cape Girardeau County, to Gray's Point, Scott County, Mo., on the Mississippi River. The control of the Gray's Point Terminal is vested in the carrier through ownership of the entire capital stock. The property has never been operated by the owners, but was leased to the carrier for exclusive operation on November 5, 1897, before the road was completed and put in operation. The principal office is at St. Louis, Mo.

From the date of its incorporation to date of valuation the Gray's Point Terminal has

GRAY'S POINT TERMINAL

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The property of the Gray's Point Terminal was all acquired by construction. The original line from Delta to Gray's Point, about 16.4 miles, together with 6.2 miles of sidings, was constructed by Johnston Brothers and Faught, under a contract dated August 23, 1897, and was completed and opened for operation in December, 1898. The contractors agreed to furnish the necessary right of way, 100 feet wide, for the railroad, together with 30 acres of land at Gray's Point for terminal purposes, and all the land necessary for side tracks and station houses. A transfer incline was constructed at Gray's Point, and traffic exchanged by means of ferry across the Mississippi River between the lessee, the carrier, and the Illinois Central Railroad Company, at Thebes, Ill. In 1905, upon the completion of the Southern Illinois and Missouri Bridge Company's bridge (Thebes Bridge), the terminal was established at Illmo, Mo., near the bridge, and about 3 miles of track between Illmo and Gray's Point was abandoned as main line and is now used as a spur. The Illmo yards were constructed in 1906 and 1907.

HISTORY OF CORPORATE FINANCING