Wikipedia:WikiProject Trains/ICC valuations/Kushequa Railroad

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The railroad of the Kushequa Railroad Company, hereinafter called the Kushequa Railroad, is a single-track line extending from Kushequa northeasterly to McKean, Pa., a distance of 7.412 miles.

The property of the Kushequa Railroad has always been operated by the carrier.

CORPORATE HISTORY

The Kushequa Railroad was incorporated May 3, 1898, under the general laws of the State of Pennsylvania. It was organized on the date of incorporation.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Kushequa Railroad, 7.412 miles, was all acquired by construction, except a small portion used in connection with a wye near Kushequa, by purchase. The years when the various portions of the line were constructed, purchased, or abandoned are indicated in the following statement:

Portions constructed:

Gaffney to Backus, 1898 6.700

Backus to McKean and Farmers Valley, 1899-1900 9.800

Branch lines, 1901-1902 5.750

Total constructed 22.250

Portion purchased [from the Mount Jewett, Kinzua and Riterville Railroad]:

Gaffney to Camp Halsey, 1903 2.500

Total 24.750

Less road abandoned, various portions, 1908 to 1914 17.340

7.410

Difference between total recorded mileage and the mileage inventoried as of date of valuation 0.002

Mileage inventoried as of date of valuation 7.412

HISTORY OF CORPORATE FINANCING