Wikipedia:WikiProject Trains/ICC valuations/Bay City Terminal Railway
Interstate Commerce Commission, Valuation Reports, Volume 143
Bay City Terminal Railway
[edit]Location and General Description of Property
[edit]Bay City Terminal Railway Company, herein called the Bay City Terminal, extending from West Bay City to Bay City, Mich., 1.172 miles.
Introductory
[edit]The Bay City Terminal is a corporation of the State of Michigan, having its principal office at Detroit, Mich. It is controlled by the carrier, through ownership of the entire outstanding capital stock. On the other hand, the records reviewed do not indicate that this company controls any common-carrier corporations. The property has always been operated by the carrier, under an implied lease, in connection with that company's operation of the railroad of the Cincinnati, Saginaw and Mackinaw.
Corporate History
[edit]The Bay City Terminal was incorporated August 29, 1910, under the general laws of the State of Michigan, for the purpose of constructing and operating a railroad from a connection with the railroad of the Cincinnati, Saginaw and Mackinaw at Ionia and Chippewa Streets, Bay City (formerly West Bay City), across the Saginaw River to Seventh Street, Bay City, Mich. The date of organization was June 7, 1911.
Development of Fixed Physical Property
[edit]The owned mileage, 1.172 miles, was acquired by construction during 1912 and 1913. The property was constructed by nonaffiliated contractors and by forces of the carrier.
Leased Railway Property
[edit]The entire property has been operated by the carrier under an implied lease from January 1, 1864, to date of valuation, through stock control. No rental is recorded by the carrier as accrued or paid for use of this property.