Wikipedia:WikiProject Trains/ICC valuations/Kentwood, Greensburg and South Western Railroad

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The railroad of the Kentwood, Greensburg and South Western Railroad Company, hereinafter called the carrier, is a single-track 3-foot gauge steam railroad located in the eastern part of Louisiana. The owned mileage extends southwesterly from Kentwood to Freiler, La., a distance of 13.210 miles. The carrier also owns yard and side tracks totaling 2.800 miles. Its road thus embraces 16.010 miles of all tracks owned. In Appendix 1 will be found a general description of the property of the carrier.

Corporate history.—The carrier was incorporated on February 11, 1905, under the general laws of the State of Louisiana for a period of 99 years. The principal office designated by the charter is Kentwood but the principal place of business is at Hammond, La. The carrier was incorporated in the interest of the Amos Kent Lumber and Brick Company, Limited, hereinafter called the lumber company, to construct, maintain, own, and operate during the existence of its charter, and to sell or lease, in whole or in part, a continuous line of railroad from or near Kentwood, in the Parish of Tangipahoa, State of Louisiana, in a southwesterly direction through the Parishes of Tangipahoa, St. Helena, Livingston, and East Baton Rouge. Through ownership of a majority of its capital stock the carrier is controlled by the F. C. A. Denkmann Company, which also controls the lumber company. The detailed facts as to the development of the fixed physical property are given in Appendix 2.

APPENDIX 2

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

On January 10, 1906, the road, then consisting of approximately 22 miles of main line extending from Kents Mill, near Kentwood, to Nettles, was purchased from the lumber company. It appears that part of it had been operated in the interest of the lumber company as early as 1898. Some time after its acquisition by the carrier an extension of about 5 miles, from Nettles into the timber, was constructed for use of the lumber company and the material in it was later sold to that company and the track removed. Of the road originally purchased from the lumber company, that part between Freiler and Nettles, about 7.8 miles in length, was taken up subsequent to 1912, leaving approximately 13 miles of owned and operated narrow-gauge main line on date of valuation.

HISTORY OF CORPORATE FINANCING