Wikipedia:WikiProject Trains/ICC valuations/Des Chutes Railroad

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The railroad of Des Chutes Railroad Company, hereinafter called the Des Chutes Railroad, leased to and operated by the Oregon-Washington, is a single-track line located in the north central part of Oregon. The line is in two parts and extends from Sherman to North Junction, 71.266 miles, and from South Junction to Metolius, 23.994 miles, making an aggregate of 95.260 miles. The railroad of the Des Chutes Railroad parallels Oregon Trunk Railway between the above points and the Oregon-Washington has trackage rights over Oregon Trunk Railway between North Junction and South Junction and between Metolius and Bend so that it is able to operate over one continuous line of railroad between Sherman and Bend. The Des Chutes Railroad owns yard and sidetracks as shown in the trackage table in appendix 1.

CORPORATE HISTORY

The Des Chutes Railroad was incorporated February 2, 1906, under the general laws of Oregon. The only predecessor of the Des Chutes Railroad was Southern Extensions Railway Company, which was incorporated August 6, 1906. The property of this company was sold to the Des Chutes Railroad, the deed not being executed until subsequently to date of valuation.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned road, 95.260 miles, was acquired by construction, begun in 1909 and completed in sections from June 1911 to September 1911. There is also jointly owned an undivided 2.061 miles of yard tracks and sidings.

Details with respect to the construction of the property are given in the accounting report.

HISTORY OF CORPORATE FINANCING