Wikipedia:WikiProject Trains/ICC valuations/Caddo and Choctaw Railroad

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The railroad of Caddo and Choctaw Railroad Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in the western part of Arkansas. The owned mileage extends westerly from Rosboro, Ark., to Cooper Junction, a distance of 13.066 miles. The carrier also owns yard and side tracks totaling 0.962 mile. Its road thus embraces 14.018 miles of all tracks owned. In Appendix 1 will be found a general description of the property of the carrier.

Corporate history.—The carrier was incorporated on April 19, 1907, under the laws of the State of Arkansas, for a period of 50 years. It was incorporated for the stated purpose of constructing, owning, operating, and maintaining a railroad from Rosboro, Pike County, Ark., to a point near Langley, Ark., said route to pass through the county of Pike, a total distance of 23 miles or thereabouts. The carrier was incorporated in the interest of the Caddo River Lumber Company, and is controlled by the officers of that company, who own the majority of its capital stock. Its principal office is at Rosboro. The railroad of the carrier was sold in September, 1911, to Memphis, Dallas,[sic] and Gulf Railroad Company, and was operated by that company until April, 1913, when, because of failure of the purchaser to comply with the purchase agreement, it was turned back to the carrier and has been operated by it since that time. The detailed facts as to the development of the fixed physical property are given in Appendix 2.

History of corporate financing, capital stock, and long-term debt.—

APPENDIX 2

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The property owned and operated by the carrier was constructed by company forces and small independent contractors, during the period from 1908 to 1911, as follows:

To June 30, 1908 2.00

July 1, 1908, to June 30, 1909 6.00

July 1, 1909, to June 30, 1910 4.00

July 1, 1910, to June 30, 1911 1.75

Total constructed 13.75

Less track near Cooper, removed during 1914 0.69

Total 13.06

HISTORY OF CAPITAL FINANCING