Wikipedia:WikiProject Trains/ICC valuations/Western Arizona Railway

Interstate Commerce Commission, Valuation Reports, Volume 127

Western Arizona Railway

Location and General Description of Property

The railroad of Western Arizona Railway Company, hereinafter called the Western Arizona Railway, is a single-track line, located entirely within the State of Arizona and extending from McConnico to Chloride, a distance of 23.370 miles.

Introductory

The Western Arizona Railway is a corporation of the State of Arizona, having its principal office at Los Angeles, Calif. It is controlled by the Santa Fe through ownership of the entire capital stock. On the other hand, the records reviewed indicate that the company itself does not control any other common-carrier corporation. The property of the Western Arizona Railway has always been operated under lease by the Santa Fe.

Corporate History

The Western Arizona Railway was incorporated January 6, 1906, under the general laws of the Territory of Arizona, as a reorganization of The Arizona and Utah Railway Company. The latter had been incorporated April 10, 1899, under the general laws of the Territory of Arizona. Its property, rights, and franchises were sold at foreclosure sale, following a receivership dating from June 9, 1905, to individuals on December 22, 1905, who transferred their title to the Western Arizona Railway on January 9, 1906.

Development of Fixed Physical Property

The mileage owned by the Western Arizona Railway, amounting to 23.37 miles, was acquired by it through the reorganization of 1906 and through construction. The manner in which the Western Arizona Railway acquired the property and the years in which the various portions of the line were constructed are indicated in the following statement.

	[Mileage subtotal]	Recorded mileage
Acquired in the reorganization of 1906 from The Arizona and Utah Railway Company, which had constructed the property, as follows:
McConnico to Chloride, Ariz., 1899.	22.0
Extension toward Whitehills, Ariz., 1900.	3.5
		25.5
Acquired through construction by the Western Arizona Railway, at Chloride, Ariz., 1913.		1.8
Total of the above.		27.3
Less abandoned mileage:
Portion of the property acquired in the reorganization of 1906, which was not then in operation and which has been abandoned by the Western Arizona Railway, portion of extension toward Whitehills, Ariz.	3.3
Abandoned by the Western Arizona Railway in 1913, at Chloride, Ariz.	.6
		3.9
Net total.		23.4
Difference between total recorded mileage and mileage inventoried as of date of valuation.		.03
Mileage inventoried as of date of valuation.		23.37

Leased Railway Property

The entire property of the Western Arizona Railway is leased to the Santa Fe for a term of 50 years from January 11, 1906. The terms of the lease are given in the section on leased railway property in the report on the Santa Fe.