Wikipedia:WikiProject Trains/ICC valuations/Alcolu Railroad
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The railroad of the Alcolu Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, extending northeastwardly from Alcolu, S. C., to Hams, S. C., a distance of 32.841 miles. The carrier wholly owns and uses 37.976 miles of all tracks, which are classified in the trackage table in Appendix 1.
- CORPORATE HISTORY
The carrier was incorporated March 15, 1902, under the general laws of South Carolina. The date of its organization was July 2, 1902.
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The mileage owned by the carrier, 32.841 miles, was acquired by purchase and by construction, as indicated in the following statement:
- Acquired by purchase from D. W. Alderman and Sons Company, July 2, 1907, constructed by—
- D. W. Alderman and Company, Alcolu to Durants, S. C., 1887, 7 miles
- D. W. Alderman and Company, Durants to Sardinia, S. C., 1892, 5 miles
- D. W. Alderman and Sons Company, Sardinia to Kirby, S. C., 1895, 17 miles
- 29.00
- Acquired by construction, Kirby to Ham, S. C., 1910 8.80
- Total acquired 32.86
- Difference between total recorded mileage and mileage inventoried as of date of valuation 0.019
- Mileage inventoried as of date of valuation 32.841
- HISTORY OF CORPORATE FINANCING