Wikipedia:WikiProject Trains/ICC valuations/Los Angeles Junction Railway

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The Los Angeles Junction Railway Company, hereinafter called the carrier, owns no property aside from signs, water and fuel stations, roadway machines, shop machinery, and equipment. It leases from the Central Manufacturing District, Incorporated, a single-track, standard-gage, steam terminal and connecting railroad, located in the vicinity of Vernon, Calif., near Los Angeles, consisting of 5.428 miles of main track and 14.932 miles of yard tracks and sidings, aggregating 20.360 miles of all tracks, wholly used but not owned.

The carrier uses under trackage rights about 1 mile of road owned by the Los Angeles & Salt Lake Railroad Company, known as the Vernon spur. It grants trackage rights over certain of its operated tracks to The Atchison, Topeka and Santa Fe Railway Company, Los Angeles & Salt Lake Railroad Company, and the Southern Pacific Company.

CORPORATE HISTORY

The carrier was incorporated May 26, 1923, under general laws of California to operate a switching terminal and connecting road for delivery of cars to industries located within the Central Manufacturing District, San Antonio Township, Los Angeles County, Calif., and to connect with the railroads of the Southern Pacific Company and The Atchison. Topeka and Santa Fe Railway Company. The date of its organization was June 1, 1923.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The roadway property owned by the carrier consists principally of certain structures at Vernon, Calif., acquired March 12, 1926, by purchase from the Central Manufacturing District, Incorporated, having been constructed by or for the latter during the period May, 1923, to September 3, 1925, under our authority granted January 20, 1925 (99 I.C.C. 287).