Wikipedia:WikiProject Trains/ICC valuations/Belt Railway of Chattanooga
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The Belt Railway Company of Chattanooga, hereinafter called the Belt Railway of Chattanooga, owns 25.160 miles of standard-gage, steam railroad, of which 2.513 miles is double tracked, comprising a switching line in and about the city of Chattanooga, Tenn.
- CORPORATE HISTORY
The Belt Railway of Chattanooga was incorporated October 2, 1895, under the general laws of the State of Tennessee, for the purpose of acquiring the property, rights, and franchises of the Chattanooga Union Railway Company. The date of organization was September 28, 1895. Pursuant to the above purpose, the Belt Railway of Chattanooga acquired at its incorporation the property, rights, and franchises of the corporation named. [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1 | Belt Railway Company of Chattanooga. | Under general laws of Tennessee, Oct. 2, 1895. | |
| 2 | Chattanooga Union Railway Company. | Under general laws of Tennessee, June 26, 1888. | Sold at foreclosure June 17, 1895, after receivership begun Feb. 5, 1892, and reorganized Oct. 2, 1895, as 1. |
| 3 | Union Railway Company. | Under general laws of Tennessee, Sept. 5, 1883. | Sold to 2, June 29, 1888. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage of the Belt Railway of Chattanooga, amounting to 25.160 miles, was all acquired by purchase after foreclosure. The property constructed by the two predecessors, the years when the various portions of the line were constructed, and the manner in which the Belt Railway of Chattanooga acquired the property are indicated in the following table:
- Acquired from the Chattanooga Union Railway Company, Sept. 28, 1895:
- Constructed by that company 1888-1895—
- Old incline track 0.50
- Cut-off, Alton Park to State line 2.21
- Sherman Heights division 3.27
- 5.98
- Constructed by the Union Railway Company, 1883-1888—
- Lookout Mountain division 5.46
- Ridgedale division, including East Lake loop 7.63
- Sherman Heights addition to Orchard Knob .75
- River division, including Fort Street track 4.37
- Nuby Street line 1.00
- 19.21
- Constructed by that company 1888-1895—
- Total 25.19
- Difference between total recorded mileage and mileage inventoried as of date of valuation .03
- Mileage inventoried as of date of valuation 25.16
- HISTORY OF CORPORATE FINANCING