Wikipedia:WikiProject Trains/ICC valuations/Rock Island and Dardanelle Railway
Interstate Commerce Commission, Valuation Reports, Volume 24
Rock Island and Dardanelle Railway
[edit]Location and General Description of Property
[edit]The railroad of Rock Island and Dardanelle Railway Company, herein called the Rock Island and Dardanelle, is a single-track, standard-gauge, steam railroad, located entirely in Arkansas, and extending from Ola to Dardanelle, 13.915 miles. It also owns 0.721 mile of other tracks. Its road thus embraces 14.636 miles of all tracks.
Corporate History
[edit]The Rock Island and Dardanelle was incorporated October 31, 1911, under the laws of Arkansas, in the interest of the Commonwealth Trust Company of St. Louis, Mo., for the purpose of acquiring the property of the Dardanelle, Ola and Southern Railway Company, which had been sold at foreclosure sale on July 7, 1911, to W. V. Delahunt, trustee, who conveyed the property to the Rock Island and Dardanelle by deed dated November 25, 1911. The entire capital stock of the Rock Island and Dardanelle is owned by the carrier, which leases the property for sale[sic] operation. The Rock Island and Dardanelle has no general books.
Leased Railway Property
[edit]All of the property of the Rock Island and Dardanelle is leased to the carrier for a period of 999 years, under agreement dated December 1, 1911. This agreement provides that the carrier shall pay as rental the sum of $1 annually and an amount equal to the interest on the outstanding bonds of the Rock Island and Dardanelle, pay all taxes on the property, and pay the cost of maintaining the corporate organization of the Rock Island and Dardanelle. As the carrier owns all of the bonds of the Rock Island and Dardanelle, no interest is accrued thereon or rental paid.