Wikipedia:WikiProject Trains/ICC valuations/Kentucky and Indiana Terminal Railroad
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The railroad operated by the Kentucky & Indiana Terminal Railroad Company, hereinafter called the carrier, is a double-track, standard-gage, steam, terminal, and switching railroad, located in Indiana and Kentucky. The owned mileage aggregates 8.298 miles of road, with 8.178 miles of second main track, and consists of two connected main lines with an important bridge spanning the Ohio River. One section extends from New Albany, Ind., across the aforementioned river, to Seventh and Magnolia Streets in Louisville, Ky., and the other is located within the city of Louisville, Ky., and projects from a connection with the first mentioned line at Thirtieth and High Streets to Thirteenth and Canal Streets.
The Ohio River bridge and approaches thereto are equipped with 5-foot gage gauntlet tracks in addition to the standard-gage tracks. The gauntlet tracks, comprising 1.264 miles of first main and 1.060 miles miles of second main tracks and 0.051 mile of yard tracks and sidings, are leased for exclusive use to the Louisville and Northern Railway and Lighting Company.
The carrier is controlled by the Southern Railway Company, The Baltimore and Ohio Railroad Company, and the Chicago, Indianapolis and Louisville Railway Company, hereinafter referred to collectively as the propriety companies, jointly, through ownership of its entire capital stock.
- CORPORATE HISTORY
The carrier was incorporated August 8, 1900, under the general laws of the State of Kentucky, for the purpose of acquiring, constructing, and operating a bridge and also a railroad and ferry. The carrier acquired the property, rights, and franchises of the Kentucky & Indiana Bridge Company (third corporation), which company had two predecessors. The carrier and its predecessors total four different corporations, of which one underwent a change of name, and comprise the line of corporate succession [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1 | Kentucky & Indiana Terminal Railroad Company. | See 2. | |
| 2 | Kentucky & Indiana Bridge and Railroad Company. | Under general laws of Kentucky, Aug. 8, 1900. | Name changed to 1, Dec. 30, 1910. |
| 3 | Kentucky & Indiana Bridge Company (third corporation). | Under special act of Kentucky approved Mar. 13, 1884, approving articles of consolidation, dated Mar. 10, 1881. | Sold at foreclosure Jan. 15, 1900, confirmed Jan. 27, 1900, after receivership begun Oct. 14, 1893, and reorganized Aug. 8, 1900, as 2. |
| 4 | Kentucky & Indiana Bridge Company (second corporation). | Under general laws of Indiana, Mar. 7, 1881. | Consolidated Mar. 10, 1881, with 5 to form 3. |
| 5 | Kentucky & Indiana Bridge Company (first corporation). | Under special act of Kentucky approved Apr. 1, 1880. | Consolidated Mar. 10, 1881, with 4 to form 3. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage of the carrier, amounting to 8.298 miles, was all acquired by purchase after foreclosure sale from the purchasing committee. [...]
From the Kentucky & Indiana Bridge Company (third corporation), Aug. 8, 1900:
- Constructed by that company—
- New Albany, Ind., to Seventh and Magnolia Streets, Louisville, Ky., 1881-1887 6.360
- Thirtieth and High Streets to Thirteenth Street and canal, in Louisville, Ky., 1881-1887 1.840
- Total 8.200
- Difference between total recorded mileage and mileage inventoried as of date of valuation .098
- Mileage inventoried as of date of valuation 8.298
- HISTORY OF CORPORATE FINANCING