Wikipedia:WikiProject Trains/ICC valuations/Saint Paul Union Depot Company

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The St. Paul Union Depot Company, hereinafter called the carrier, owns and operates the union passenger terminal, consisting of a passenger station at St. Paul, Minn., 8.990 miles of yard tracks, and other terminal facilities. On October 3, 1913, the passenger station was partly destroyed by fire and on date of valuation the carrier was using an adjacent building for a temporary waiting room. The property is used by the following carriers: Chicago, Burlington & Quincy Railroad Company, Chicago Great Western Railroad Company, Chicago, Milwaukee and St. Paul Railway Company, The Chicago, Rock Island and Pacific Railway Company, Chicago, St. Paul, Minneapolis and Omaha Railway Company, Great Northern Railway Company, The Minneapolis & St. Louis Railroad Company, Minneapolis, St. Paul & Sault Ste. Marie Railway Company, Northern Pacific Railway Company.

CORPORATE HISTORY

The carrier was incorporated January 25, 1879, under the general laws of the State of Minnesota, for the purpose of purchasing, leasing, and operating transfer tracks, for constructing and operating a union passenger station with proper tracks for access thereto, and, in connection therewith, building, leasing, or otherwise securing and operating lines of railway in the city of St. Paul.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The property owned by the carrier, consisting of passenger-station facilities and 8.990 miles of yard tracks and sidings, was acquired by construction. The available records do not indicate by whom the property owned by the carrier was constructed. It was completed in August, 1881. The passenger station was partly destroyed by fire on June 11, 1884, subsequently rebuilt, and again partly destroyed by fire on October 3, 1913, after which date the use of the building for the accommodation of passengers was discontinued and an adjacent building was being used on date of valuation as a temporary waiting room. Repairs were made to the damaged station building providing temporary facilities for the handling of mail and express, which were in use on the date of valuation. New and enlarged facilities were under construction at date of valuation, but they had not been placed in operation.

HISTORY OF CORPORATE FINANCING