Wikipedia:WikiProject Trains/ICC valuations/Gulf Ports Terminal Railway
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Location and general description of property.—The railroad of the Gulf Ports Terminal Railway Company, hereinafter called the carrier, is a single track standard-gauge steam railroad, located in Florida and Alabama. The main line extends from Pensacola, Fla., to Pomono, Ala., a distance of 46.592 miles. The carrier also owns 5.530 miles of yard tracks and sidings. The road thus embraces 52.122 miles of all tracks owned, which are classified in the trackage table in Appendix 1.
- CORPORATE HISTORY
The carrier was incorporated December 18, 1916, under the general laws of the State of Florida, for the purpose of acquiring the property, rights, and franchises of the Pensacola, Mobile and New Orleans Railway Company, which was done. The carrier, itself, and that corporation, together with its predecessors, total four different corporations, and comprise [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1. | Gulf Ports Terminal Railway Company. | Under general laws of Florida, Dec. 18, 1916. | |
| 2. | Pensacola, Mobile and New Orleans Railway Company. | Under general laws of Alabama, June, 1907. | Sold to 1, Feb. 26, 1917. |
| 3. | Pensacola and Perdido Railroad Company. | Under special act of Florida, Apr. 1869. | Sold to 2, May, 1915. |
| 4. | Pensacola, Alabama and Tennessee Railroad Company. | Under general laws of Florida, Nov., 1892. | Sold to 2, May, 1915. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned mileage of the carrier, amounting to 46.592 miles, together with about 18 miles of graded roadbed, was all acquired by purchase from the Pensacola, Mobile and New Orleans Railway Company. [...] indicated in the following statement:
- Acquired by purchase from the Pensacola, Mobile and New Orleans Railway Company, Feb. 26, 1917:
- Constructed by that company, Parker, Fla., to Pomona, Ala., 1908 to 1915, graded and bridged roadbed, east of Mobile Bay, about 18 miles, 1908 to 1915 23.82
- Constructed by the Pensacola and Perdido Railroad Company, Pensacola to Millview, Fla., about 1870 8.00
- Constructed by the Pensacola, Alabama and Tennessee Railroad Company, Millview Junction to Muscogee, Fla., about 1893 15.30
- 47.12
- Difference between total recorded mileage and mileage inventoried as of date of valuation .528
- Mileage inventoried as of date of valuation 46.592