Wikipedia:WikiProject Trains/ICC valuations/Natchez, Columbia and Mobile Railroad

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The railroad of Natchez, Columbia and Mobile Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, situated within the State of Mississippi, extending from Station 280+00 to Tilton, a distance of 24.116 miles. In addition to its owned mileage, the carrier uses, under exclusive lease from the Illinois Central Railroad Company, a line extending from Station 280+00 to Norfield, a distance of 5.309 miles. The carrier owns a number of industrial tracks and other property along this stretch of leased road. The mileage operated is classified in the trackage table in Appendix 1.

In addition to the above mileage, the carrier jointly owns and uses with the Illinois Central Railroad Company 0.561 mile of yard tracks and sidings. The reproduction costs of the carrier's portion are included under property wholly owned and used.

CORPORATE HISTORY

The carrier was incorporated on June 24, 1892, under the laws of the State of Mississippi for the purposes of constructing and operating a railroad from Natchez, Miss., ultimately to Mobile, Ala.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The carrier's road was constructed as follows:

Milepost 5 to Shacks 1892 1893 2.0

Shacks to Milepost 13 1893 1897 6.0

Milepost 13 to Jayess 1897 1911 2.8

Jayess to Milepost 17 1911 1912 1.2

Milepost 17 to Tilton 1912 1913 12.4

Total 24.4

Difference between total recorded mileage and mileage inventoried as of date of valuation .270

Mileage inventoried as of date of valuation 24.130

HISTORY OF CORPORATE FINANCING