Wikipedia:WikiProject Trains/ICC valuations/The Missouri, Oklahoma and Gulf Railroad

Interstate Commerce Commission, Valuation Reports, Volume 125

The Missouri, Oklahoma & Gulf Railroad

Location and General Description of Property

The railroad of The Missouri, Oklahoma & Gulf Railroad Company, hereinafter called The Missouri, Oklahoma & Gulf Railroad, is a single-track line in Kansas, extending from the Kansas-Oklahoma State line to Baxter Springs, Kans., 2.524 miles.

Introductory

The Missouri, Oklahoma & Gulf Railroad is a corporation of the State of Kansas, having its principal offices at Baxter Springs, Kans. It was controlled by William Kenefick, of Kansas City, Mo., and associates, from the date of its incorporation to December 12, 1913, through ownership of a majority of the capital stock. On December 12, 1913, the property of the company was placed in the hands of receivers, in whose hands it still was on date of valuation. On date of valuation the entire outstanding capital stock of the company is owned by the Missouri, Oklahoma and Gulf Railroad. On the other hand, the records reviewed do not indicate that The Missouri, Oklahoma & Gulf Railroad controls any common-carrier corporation.

The property of The Missouri, Oklahoma & Gulf Railroad was operated by the Missouri, Oklahoma and Gulf Railway from the date of completion until the receivership of December 12, 1913, and from the latter date to January 1, 1919, by the receivers. From January 1, 1919, to date of valuation, it has been operated by the United States Railroad Administration as a part of the operating unit of the Missouri, Oklahoma and Gulf Railway.

Corporate History

The Missouri, Oklahoma & Gulf Railroad was incorporated August 31, 1912, under the general laws of the State of Kansas, for the purpose of constructing and operating lines of railroad within the States of Kansas and Missouri.

Development of Fixed Physical Property

The owned mileage of The Missouri, Oklahoma & Gulf Railroad, consisting of a line of road from Baxter Springs, Kans., southerly to a point on the Kansas-Oklahoma State line, 2.524 miles, was acquired by construction during the period January, 1912, to February, 1913. The work was done under a contract with the Fidelity Construction Company.

Leased Railway Property

The entire property of The Missouri, Oklahoma & Gulf Railroad is leased to the Missouri, Oklahoma and Gulf Railway for a term of 17 years from February 1, 1913. The terms of the lease and the rental accrued for the year ended December 31, 1918, are given in the chapter on leased railway property in the report on the Missouri, Oklahoma and Gulf Railway.