Wikipedia:WikiProject Trains/ICC valuations/Augusta Railroad
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The railroad of the Augusta Railroad Company, hereinafter called the carrier, consists of 1.649 miles of single-track standard-gauge steam railroad extending from Augusta to New Augusta, Ark. In addition to the above main-track mileage it owns 1.006 miles of yard tracks and sidings, making an aggregate of all tracks of 2.664 miles.
- CORPORATE HISTORY
The carrier was incorporated May 8, 1918, under the general laws of the State of Arkansas, for the purpose of acquiring the road of the Augusta Tramway & Transfer Company. The following chart shows the names of the corporations, the respective [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Augusta Railroad Company. | Under general laws of Arkansas, May 8, 1918. | |
| 2. | Augusta Tramway & Transfer Company. | Under general laws of Arkansas, May, 1892. | Sold Dec. 20, 1917, to incorporators and transferred to 1. |
| 3. | Augusta & White River Railroad. | Under general laws of Arkansas, in 1886. | Transferred to 2 in May, 1892. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The road owned and operated by the carrier on date of valuation was acquired by purchase from the Augusta Tramway & Transfer Company. Though the carrier was not incorporated until May 8, 1918, the incorporators acquired possession of the property and commenced operations on January 1, 1918, as a result of a receiver's sale made on December 20, 1917. About 1.25 miles had been constructed by the Augusta & White River Railroad in May, 1892, and about 0.25 mile added by the Augusta Tramway & Transfer Company.
- HISTORY OF CORPORATE FINANCING