Wikipedia:WikiProject Trains/ICC valuations/Southern Railway of Indiana

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The railroad of Southern Railway Company of Indiana, herein called the Southern of Indiana, is a single-track road located wholly within the State of Indiana, and extending from a connection with the Kentucky & Indiana Terminal Railroad Company at New Albany to a connection with the Southern at the Indiana-Illinois State line and from Evansville to French Lick with branches to Cannelton and Rockport Junction. The property embraces 235.163 miles of first

CORPORATE HISTORY

The Southern of Indiana was incorporated under the general laws of Indiana, approved March 3, 1865, laws of Indiana, 1865, chapter 20, page 66, by the purchasers of the property, rights, and franchises of the Louisville, Evansville & St. Louis Consolidated Railroad Company. Certificate of incorporation was filed with the secretary of state of Indiana on December 22, 1900.

The purpose for which the Southern of Indiana was incorporated was to take title to that portion of its predecessor's railroad which was located in the State of Indiana. The properties, rights, and franchises of the Louisville, Evansville & St. Louis Consolidated Railroad Company were, under a reorganization plan, sold at foreclosure on November 22, 1900, to a purchasing committee who were acting in the interest of the Southern, but as the laws of Indiana precluded the vesting of the physical property lying within the borders of Indiana in the Southern, the Southern of Indiana was incorporated and that portion of the physical property was conveyed by the purchasing committee to the Southern of Indiana by deed dated December 24, 1900. A complete history of the plan whereby the properties of the Louisville, Evansville & St. Louis Consolidated Railroad Company were reorganized can be found in that portion of this appendix devoted to the Southern.

The Southern of Indiana also acquired from Alex. P. Humphrey, a representative of the Southern, by deed dated April 12, 1901, the physical property of the New Albany Belt and Terminal Railroad Company, the property of which company was sold at foreclosure on April 11, 1901.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The manner in which the Southern of Indiana acquired the property owned on date of valuation, partly from predecessor companies and partly by construction, and the dates on which it was opened for operation, is disclosed in the portion of this appendix devoted to the Southern. [except that 25.45 miles are missing, probably Jasper to French Lick]

HISTORY OF CORPORATE FINANCING