Wikipedia:WikiProject Trains/ICC valuations/Quakertown and Bethlehem Railroad

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The railroad of the Quakertown and Bethlehem Railroad Company, hereinafter called the carrier, is a single-track, standard-gage, steam railroad, located in southeastern Pennsylvania. The main line extends northeasterly from Quakertown to a point near Riegelsville, a distance of 14.659 miles. The carrier also owns 0.973 mile of yard tracks and sidings. Its road thus embraces 15.632 miles of all tracks owned and used.

CORPORATE HISTORY

The carrier was organized and incorporated August 8, 1916, under general laws of Pennsylvania, for the purpose of acquiring the property, rights, and franchises of Quakertown and Delaware River Railroad Company, which was done. The latter was incorporated June 9, 1911, in Pennsylvania, and acquired at foreclosure sale on the same day the property, rights, and franchises of Quakertown and Eastern Railroad Company, which was incorporated July 6, 1896, also in Pennsylvania.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The railroad was acquired by purchase from Quakertown and Delaware River Railroad Company, having been constructed by Quakertown and Eastern Railroad Company, a predecessor of the latter, during the period 1896 to 1901.

HISTORY OF CORPORATE FINANCING