Wikipedia:WikiProject Trains/ICC valuations/Madison County Railway

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The railroad of the Madison County Railway Company, herein called the carrier, is a single-track, standard-gage, steam railroad, located in the western part of North Carolina. The owned line extends northeasterly from Runion to Belva, 7.125 miles. The carrier also operates a single-track, standard-gage line from Belva to Hickey's Fork, 8.508 miles, owned by the Laurel River Logging Company. In addition, the carrier owns and uses 0.649 mile, of yard and side tracks and uses 0.185 mile of yard and side tracks owned by the logging company. The total of all tracks owned and used is 7.774 miles, and of those leased, 8.693.

Corporate history.—The records of the carrier were found to be incomplete for the period March 31, 1913, to December 31, 1914, owing to missing records. [?] For this reason only partial information can be given in connection with the finances, operations, investments, or original cost. Certain information has been taken from sources other than the carrier's records.

The carrier was incorporated November 7, 1910, for an unlimited period under the general laws of North Carolina. The purpose for which the carrier was incorporated was to construct and operate a railroad extending from Runion to Allenstand, N. C.

The property has always been operated by the carrier's own organization. The principal office is located at Runion. The detailed facts as to the development of fixed physical property are given in Appendix 2.