Wikipedia:WikiProject Trains/ICC valuations/Mobile and Birmingham Railroad
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The railroad of Mobile and Birmingham Railroad Company, herein called the Mobile and Birmingham, is a single-track road located wholly within the State of Alabama and extending from a connection with the Southern at Marion Junction to Mobile. The property, leased to and used entirely by the Southern, embraces 148.361 miles of first main and 31.944 miles of yard and side tracks, a total of 180.305 miles of all tracks. In addition this company owns jointly with others 0.614 mile of yard and side track which the Southern uses jointly with the other joint owners.
- CORPORATE HISTORY
Incorporation of the Mobile and Birmingham was effected under the general laws of the State of Alabama (Code of Alabama 1886, Sections 1596-1597) by T. G. Bush, Joseph Price, Cecil Braithwaite, Joshua King, Walter Smith, Richard White, and William F. Dunning, hereinafter referred to as the purchasers, through filing articles of incorporation with the secretary of state on July 2, 1895. It was incorporated for the purpose of acquiring the property, rights, and franchises, of the Mobile and Birmingham Railway Company which had been purchased at a foreclosure sale by the purchasers on April 27, 1895. This property was acquired by deed dated July 2, 1895. The organization of the Mobile and Birmingham was perfected on July 2, 1895. The Mobile and Birmingham Railway Company, which was the immediate predecessor [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1 | Mobile and Birmingham Railroad Company. | Under general laws of Alabama, through filing articles of incorporation, July 2, 1895. | |
| 2 | Mobile and Birmingham Railway Company. | See 3. | Sold at foreclosure, Apr. 27, 1895, after receivership begun June 30, 1892, and reorganized July 2, 1895, as (1). |
| 3 | The Mobile and West Alabama Railroad Company. | Under special act of Alabama, Feb. 17, 1885. | Name changed to 1[sic], Feb. 17, 1887. |
| 4 | Mobile and Alabama Grand Trunk Railroad Company. | Under special act of Alabama, Feb. 23, 1866. | Sold at foreclosure, Apr. 1, 1886, conveyed to Southern Trust Company, Apr. 16, 1886, and to 3 on Jan. 22, 1887. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The road owned by the Mobile and Birmingham, amounting to 150.35 miles, was acquired by purchase after foreclosure from the Mobile and Birmingham Railway Company. It was constructed by the corporations and during the years indicated below:
Constructed by—
- Mobile and Birmingham Railway Company, Tombigbee River to Marion Junction, Ill.[sic], 1888 89.25
- Mobile and Alabama Grand Trunk Railroad Company—
- Mobile to Mount Vernon, Ala., 1872 27.50
- Mount Vernon to Tombigbee River, Ala., and Mobile to Chicasaw, Ala., 1873 33.60
- Total 150.35
The difference between the main-line mileage as shown above, and the mainline mileage as inventoried by us, of about 1.99 miles, may be explained as representing the abandonment of a portion of and the reclassification of the Chicasaw branch, and in remeasurement. The Mobile and Birmingham owned jointly with the Mobile and Ohio Railroad Company certain tracks and facilities located in Mobile, Ala., the details of which will be found in the chapter of this report devoted to leased railway property.
- HISTORY OF CORPORATE FINANCING