Wikipedia:WikiProject Trains/ICC valuations/Bay Shore Connecting Railroad

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APPENDIX 2

INTRODUCTORY

The Bay Shore Connecting Railroad is a corporation of the State of New Jersey, having its principal office at Jersey City, N. J. The Bay Shore Connecting Railroad is controlled by the joint companies through equal ownership of the entire capital stock. The company itself controls no common-carrier corporation. The joint companies each own an undivided half interest in the Bay Shore Connecting Railroad. The property has been operated by the joint companies from date of completion in 1906 to January 1, 1918, when the common-carrier property of the company was taken over for operation by the United States Railroad Administration and is being so operated on date of valuation.

CORPORATE HISTORY

The Bay Shore Connecting Railroad was incorporated September 29, 1904, the date of its organization, under the general laws of New Jersey.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The railroad was acquired through construction during the year 1906 and placed in operation in that year by the joint companies.

HISTORY OF CORPORATE FINANCING