Wikipedia:WikiProject Trains/ICC valuations/Zanesville Terminal Railroad

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ZANESVILLE TERMINAL RAILROAD

INTRODUCTORY

The Zanesville Terminal Railroad is a corporation of the State of Ohio, having its principal office at Columbus, Ohio. It is controlled jointly by The Zanesville and Western Railway Company and The Cleveland, Akron and Cincinnati Railway Company in equal proportion through ownership of its entire capital stock. On the other hand, the records do not indicate that the Zanesville Terminal Railroad, itself, controls any common-carrier corporation. The property of this company has been operated by other carriers under lease and operating agreements from the date of its incorporation to December 31, 1917. On January 1, 1918, its common-carrier property was taken over for operation by the United States Railroad Administration, which still operates it on date of valuation in connection with the properties of The Zanesville and Western Railway Company and The Cleveland, Akron and Cincinnati Railway Company; [?]

CORPORATE HISTORY

The Zanesville Terminal Railroad was incorporated April 7, 1902, under the general laws of the State of Ohio. The following chart shows the names of the corporations, the respective dates of incorporation, and for

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Zanesville Terminal Railroad, amounting to 4.686 miles, was acquired by purchase from The Zanesville Terminal Railway Company, which had been constructed by the latter company in 1890. The Zanesville Terminal Railroad has not constructed any additional mileage to date of valuation.

HISTORY OF COPRORATE FINANCING

LEASED RAILWAY PROPERTY

Other companies used facilities owned by the Zanesville Terminal Railroad to the extent indicated in the statement below. [...] 1917, are as follows:

Owned but not used, leased to—

The Zanesville and Western Railway Company—

Tracks, 1.424 miles, Muskingum to Spangler, Ohio. Term Apr. 27, 1917 to Jan. 1, 1926, and thereafter from year to year until terminated by one year's notice. Annual rental $2,988.54 equal to 5 per cent per annum on a valuation of $59,770.80 plus cost of maintenance and taxes $2,988.54

Tracks, 0.29 mile between Market Street and connection with Zanesville Belt and Terminal Railway at Zanesville. Terms, annual rental $3,465.54 equal to 5 per cent per annum on a valuation of $69,310.75 plus maintenance, insurance and taxes 3,465.54

Owned but jointly used with the Baltimore and Ohio Railroad Company, trackage rights:

Tracks, 2.71 miles, West Zanesville to Spangler, Ohio; tracks, 0.22 mile at West Zanesville; rental $3.50 per train handled, or not less than $4,000 per year