Wikipedia:WikiProject Trains/ICC valuations/Rapid City, Black Hills and Western Railroad
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The railroad of Rapid City, Black Hills & Western Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, situated entirely within the State of South Dakota. The main line extends from Rapid City westerly to Mystic, a distance of 32.383 miles. The carrier also owns 4.660 miles of yard tracks and sidings. Its road thus embraces 37.043 miles of all tracks.
- CORPORATE HISTORY
The carrier was incorporated February 20, 1909, under the general laws of the State of South Dakota, for the purpose of purchasing, constructing, and operating a railroad from Rapid City to Mystic, S. Dak. Pursuant to the above purpose, the carrier acquired through foreclosure sale the property, rights, and franchises [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Rapid City, Black Hills & Western Railroad Company. | Under general laws of South Dakota, Feb. 20, 1909. | |
| 2. | Missouri River & North Western Railway Company. | See 3. | Sold at foreclosure May 1, 1909, and conveyed May 28, 1909, to 1. |
| 3. | Black Hills & Missouri River Railroad Company. | Under general laws of South Dakota, Apr. 15, 1904. | Name changed to 2, June 14, 1904. |
| 4. | Dakota, Wyoming & Missouri River Railroad Company. | Under general laws of South Dakota, Sept. 17, 1891. | Sold at foreclosure Oct. 27, 1903, and conveyed June 17, 1904, to 2. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The entire 32.383 miles of railroad owned by the carrier was acquired by purchase, through the bondholders' committee, at foreclosure sale of the Missouri River & North Western Railway Company. The data with respect to the miles of road constructed by each predecessor corporation, and the years in which the various portions of the line were constructed, are indicated in the following table:
- Acquired by purchase from the Missouri River & North Western Railway Company:
- Constructed partly by the Dakota, Wyoming & Missouri Railroad Company and completed by the Missouri River & North Western Railway Company, Scott's Mill to Mystic, 1906 23.783
- Constructed by the Dakota, Wyoming & Missouri River Railroad Company, Rapid City to Scott's Mill, 1891 8.600
- Mileage inventoried as of date of valuation 32.383
- HISTORY OF CORPORATE FINANCING