Wikipedia:WikiProject Trains/ICC valuations/Boyne City, Gaylord and Alpena Railroad

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The railroad of the Boyne City, Gaylord & Alpena Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in the northern part of the southern peninsula of Michigan. The main line extends from Boyne City in a general easterly direction to Alpena, a distance of 92.314 miles. The carrier also owns 33.009 miles of yard tracks and sidings. Its road thus embraces 125.323 miles of all tracks owned and used. The carrier is an industrial railroad. Its principal revenue is derived from the transportation of forest products, and one of the principal industries served is the W. H. White Company, a lumber firm whose officers control the carrier.

CORPORATE HISTORY

The carrier was incorporated March 28, 1905, under the general laws of the State of Michigan. The following chart shows the names of the [...]

No.	Name	Incorporation	Succession
1.	Boyne City, Gaylord & Alpena Railroad Company.	Under the general laws of Michigan, Mar. 28, 1905.
2.	The Boyne City and South Eastern Railroad Company.	Under the general laws of Michigan, May 3, 1893.	Sold to 1 on Mar. 28, 1905.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, amounting to 92.314 miles, was acquired by purchase and construction, as follows:

Acquired by purchase from The Boyne City and South Eastern Railroad Company, Mar. 28, 1905, constructed by that company 1893-1905, from Boyne City to Boyne Falls, Mich. 7.310

Acquired by construction:

Boyne Falls to Gaylord, Mich., 1905-1907 15.890

Gaylord to Alpena, Mich., 1912-1918 60.110

85.000

Total recorded mileage 92.310

Difference between total recorded mileage and mileage inventoried as of date of valuation .004

Mileage inventoried as of date of valuation 92.314

In addition to the foregoing, it owns 33.009 miles of yard tracks and sidings.

HISTORY OF CORPORATE FINANCING