Wikipedia:WikiProject Trains/ICC valuations/Middletown and Unionville Railroad

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Corporate history.—The carrier was incorporated on November 13, 1913, under the general laws of New York, and is a reorganization of the Middletown, Unionville and Water Gap Railroad Company. The property of the Middletown, Unionville and Water Gap Railroad Company was sold under foreclosure proceedings on October 25, 1913, and acquired by the carrier on November 14, 1913. The detailed facts as to the development of the fixed physical property are given in Appendix 2.

APPENDIX 2

For information respecting the predecessor of the carrier reference is made to the accounting report hereinbefore mentioned.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The carrier's property was acquired by reorganization, the original road extending from Middletown to the New York-New Jersey State line, a distance of 14.103 miles. The road was constructed by the Middletown, Unionville and Water Gap Railroad Company, under contract (the terms are not of record) between October 8, 1866, and May 8, 1868, and was opened for operation on the latter date.

HISTORY OF CORPORATEFINANCING