Wikipedia:WikiProject Trains/ICC valuations/Bauxite and Northern Railway

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The railroad of the Bauxite & Northern Railway Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, situated in the central part of the State of Arkansas, extending from Bauxite to Bauxite Junction, with a branch line from Bauxite to Gibbons, a total distance of 2.172 miles. The carrier also owns 2.610 miles of yard tracks and sidings, or a total of 4.782 miles of all tracks. The carrier is an industrial railroad, handling freight only. It reports that during the year 1918 it handled 550,817 tons of freight, of which 542,861 tons represented products of mines, most of which was received from the American Bauxite Company, a subsidiary of the Aluminum Company of America, which latter controls the railroad.

CORPORATE HISTORY

The carrier was incorporated November 13, 1906, for a period of 50 years, under the general laws of the State of Arkansas, for the purpose of constructing a railroad from Bauxite, Saline County, to a point or junction of the St. Louis, Iron Mountain & Southern Railway in Saline County, Ark.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

Construction, by the forces of the carrier, was commenced in November, 1906, and was completed in October, 1907.

HISTORY OF CORPORATE FINANCING