Wikipedia:WikiProject Trains/ICC valuations/Lowell and Southern Railroad

Interstate Commerce Commission, Valuation Reports, Volume 45

Lowell and Southern Railroad

Location and General Description of Property

The railroad of the Lowell and Southern Railroad Company, herein called the carrier, is a single-track, standard-gage, steam railroad, located in Illinois. The main line extends northerly from a point near Leonore to Lowell, a distance of 3.698 miles. The carrier also owns 0.367 mile of yard tracks and sidings. Its road thus embraces 4.065 miles of all tracks owned and used. The property is operated by the Chicago, Burlington & Quincy Railroad Company as agent for the carrier.

Introductory

The carrier is an Illinois corporation, having its principal office at Chicago, Ill., and its general administrative office at Ottawa, Ill. It is controlled by Allen F. Moore through ownership of its outstanding capital stock, except directors' shares. It serves the plant of L. E. Rodgers Clay Products Company at Lowell, Ill. The records do not indicate it controls any common-carrier corporations.

The property has been operated for the carrier by the Chicago, Burlington & Quincy Railroad Company as agent from beginning of operations March 1, 1927, to date of valuation, under a verbal agreement.

Corporate History

The carrier was incorporated November 18, 1925, under the general laws of Illinois to construct and operate a steam railroad extending from Lowell, La Salle County, to an intersection with the railroad of the Chicago, Burlington & Quincy Railroad Company about 1 mile northeast of Leonore, a distance of about 4 miles, all in Illinois. The date of organization was November 20, 1925.

Development of Fixed Physical Property

The railroad, all owned, of 3.698 miles, extending from a connection with the tracks of the Chicago, Burlington & Quincy Railroad Company, near Leonore, to Lowell, Ill., was all constructed by contractors during the period November 1925, and October 31, 1926, under authority granted September 22, 1926, in 117 I.C.C. 1.

Grading was done by contractor Nebergall, and tracklaying and surfacing by Woods Brothers Construction Company. Three pile bridges were built by the Chicago, Burlington & Quincy Railroad Company for the carrier.