Wikipedia:WikiProject Trains/ICC valuations/Nesquehoning Valley Railroad

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The railroad of The Nesquehoning Valley Railroad Company, herein called the Nesquehoning Valley Railroad, is a standard-gauge, steam railroad, located within the State of Pennsylvania. The owned mileage extends in a westerly direction from Nesquehoning Junction to Tamenend, 16.719 miles, with a line 0.955 mile in length leaving the above-described road at Hauto, and extending southerly through a tunnel to Lansford. The Nesquehoning Valley Railroad embraces 38.521 miles of all tracks which are classified in the trackage table in Appendix 1. The entire railroad is leased to the Lehigh Coal and Navigation Company, which in turn subleases the 16.719 miles to The Central Railroad Company of New Jersey and 0.955 mile to the Lehigh and New England Railroad Company.

CORPORATE HISTORY

The Nesquehoning Valley Railroad was incorporated by special act of Pennsylvania approved May 14, 1861, for the purpose of constructing a railroad from a point near the mouth of the Nesquehoning Creek to its headwaters. The Nesquehoning Valley Railroad also enjoys the powers and is subject to the restrictions of a general law approved February 19, 1849.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

In 1861 the Nesquehoning Valley Railroad began the construction of its road. The work was temporarily suspended in the latter part of the year 1862, but was resumed in 1868. The main line was completed in April, 1870, and the tunnel between the Nesquehoning and Panther valleys was completed in 1872.

HISTORY OF CORPORATE FINANCING