Wikipedia:WikiProject Trains/ICC valuations/East Erie Commercial Railroad

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The railroad of the East Erie Commercial Railroad, hereinafter called the carrier, is a single-track, standard-gage, electrically operated railway, located within the State of Pennsylvania. The main line extends northeasterly from Erie to near Harborcreek, including a line entirely around the plant of the General Electric Company. The main line mileage aggregates 6.726 miles. The carrier also owns and uses 3.632 miles of yard tracks and sidings, making a total of 10.358 miles of all tracks. The carrier grants trackage rights to the General Electric Company over a portion of its railroad.

CORPORATE HISTORY

The carrier was incorporated October 17, 1907, under general laws of Pennsylvania, for the purpose of constructing, maintaining, and operating a railroad for public use, principally to serve the General Electric Company. The date of organization was October 19, 1907. A supplemental charter dated January 25, 1910, was granted under the same general laws of Pennsylvania.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

That portion of the main line of the carrier's property known as the "Loop" was constructed for it by the General Electric Company in connection with the building of its plant. Work was begun on October 22, 1907, but the records do not indicate date of completion. Commercial operation was begun in 1911. Construction of that portion of the carrier's line known as the Eastern Division, extending from Franklin Road to Harborcreek Township, about 4 miles, was begun about July 1, 1915. Contracts were made with the General Electric Company for the electric work at cost plus overhead and for the excavation and grading on force account basis, the balance of the work being done by carrier's own forces.

HISTORY OF CORPORATE FINANCING