Wikipedia:WikiProject Trains/ICC valuations/Coos Valley Railroad
Interstate Commerce Commission, Valuation Reports, Volume 30
Coos Valley Railroad
[edit]Location and General Description of Property
[edit]The railroad of Coos Valley Railroad Company, herein called the Coos Valley Railroad is a single-track, standard-gage, steam railroad, located in the northeastern part of Vermont. The owned mileage extends northerly from the New Hampshire State line near Coos Junction, N. H., to the New Hampshire State line near North Stratford, N. H., a distance of 12.273 miles. The Coos Valley Railroad also owns yard and side tracks totaling 1.416 miles. Its road thus embraces 13.689 miles of all tracks owned. All of its property is leased to the Upper Coos Railroad (N. H.), which subleases it to the carrier. Through the connections of this railroad with the railroad of the Upper Coos Railroad (N. H.) at the Vermont-New Hampshire State line, both properties are operated by the carrier as one continuous line of road.
Corporate History
[edit]The Coos Valley Railroad was incorporated on November 14, 1882, under the private laws of the State of Vermont. Its principal office is at St. Johnsbury, Vt.
In 1891 the Coos Valley Railroad built 12.273 miles of road in Vermont and on May 1, 1890, before opening to operation, it leased the property to the Upper Coos Railroad (N. H.), which on the same date subleased it to the carrier. The carrier has operated the property since that date.
Leased Railway Property
[edit]On May 1, 1890, the property of the Coos Valley Railroad was leased to the Upper Coos Railroad (N. H.) for a term of 999 years. The lease provided that the lessee pay all taxes, make all improvements, and at the expiration of the lease pay $1 as rent. On the same date the property was subleased by the Upper Coos Railroad (N. H.) to the carrier for the full term of 999 years, the property together with all additions and betterments, to revert to the original owners at the expiration of the lease.