Wikipedia:WikiProject Trains/ICC valuations/Carbon County Railway

http://books.google.com/books?id=9-xDAAAAIAAJ

INTRODUCTORY

The carrier is a Utah corporation, having its principal office at Salt Lake City and its general administrative office at Provo, Utah. It is controlled by the Columbia Steel Corporation through ownership of a majority of its capital stock. The records do not indicate that it controls any common-carrier corporation.

The property of the carrier has been operated since completion of construction by its own organization. While no equipment is owned by the carrier, its traffic is handled under an operating agreement with The Denver and Rio Grande Railroad Company; the latter company using its locomotives and crews to perform switching and haul cars for the carrier to and from the mines of the Columbia Steel Corporation.

CORPORATE HISTORY

The carrier was incorporated July 29, 1922, under the general laws of Utah, to construct and operate a railroad from a junction with the main line of The Denver and Rio Grande Western Railroad Company at a point near milepost 13, to the mines and mining property, located in a southeasterly direction from that point, a distance of about 4 miles. The date of its organization was July 29, 1922.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The road, all owned, of 4.721 miles extending from Columbia Junction to Columbia, Utah, was all constructed by the carrier's own forces, except the grading, which was done under contract by the Reynolds-Ely Construction Company and Wasatch Grading Company, during the period from September 5, 1922, to July 5, 1923, under our authority (76 I.C.C. 485).

HISTORY OF CORPORATE FINANCING