Wikipedia:WikiProject Trains/ICC valuations/Minnesota, Dakota and Western Railway

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The railroad of the Minnesota, Dakota & Western Railway Company, herein called the carrier, is a single-track, standard-gauge, steam railroad, located in northern Minnesota. It consists of three separated sections extending from International Falls to Falls Junction, 3.564 miles; Nakoda to Loman, 15.783 miles; and Little Fork to Seymour, 0.750 mile, aggregating 20.097 miles. The carrier also owns 18.165 miles of yard tracks and sidings. Its road thus embraces 38.262 miles of all tracks owned. The carrier reaches its isolated sections by trackage rights over the road of the Northern Pacific Railway Company between International Falls and Little Fork, a distance of about 17.17 miles.

CORPORATE HISTORY

The carrier was incorporated October 30, 1902, under the general laws of the State of Minnesota, originally as the International Bridge and Terminal Company for the purpose of constructing and operating a railroad in Itasca County, Minn., and a bridge over the Rainy River in Itasca County, to Canada. Under an amendment to its charter, August 15, 1910, the name of the company was changed to the Minnesota, Dakota and Western Railway Company and it was authorized to construct, lease, or purchase and operate a railroad from a point in Koochiching County, Minn., into the State of North Dakota, and from a point on the road of the Big Fork and International Falls Railway Company to a point south of Koochiching and Itasca Counties, Minn. The date of organization of the carrier was December 6, 1902.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned milage of the carrier, 20.007 miles, was all acquired by construction during the period from January, 1910, to December, 1911. It has not been definitely determined from the records reviewed whether the construction work was performed by its own forces or by those of the Minnesota and Ontario Power Company.

HISTORY OF CORPORATE FINANCING