Wikipedia:WikiProject Trains/ICC valuations/Rockcastle River Railway

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The railroad of the Rockcastle River Railway Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in southeastern Kentucky. The main line extends northeasterly from Viva to Bond, a distance of 12.720 miles. The carrier also owns 1.466 miles of yard tracks and sidings. Its road thus embraces 14.186 miles of all tracks owned and used. All of the rail and certain track fastenings are leased from the Louisville and Nashville Railroad Company, and the roadway machines and equipment are leased from the Bond-Foley Lumber Company. The carrier has trackage rights over the road of the Louisville and Nashville Railroad Company between Viva and East Bernstadt, Ky., a distance of about 3 miles.

CORPORATE HISTORY

The carrier was incorporated February 11, 1913, under the general laws of the State of Kentucky, as the Rockcastle Railroad Company, for the purpose of owning, maintaining, and operating a railroad. On April 12, 1913, the name of the Rockcastle Railroad Company was changed to the Rockcastle River Railway Company. The date of organization of the carrier was September 3, 1913.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The roadbed, ties, and other property owned by the carrier which forms a part of the railroad extending from Viva to Bond, Ky., a distance of 12.720 miles, was acquired by construction. The construction work was performed by the carrier's forces during the period from December 30, 1913, to December 14, 1914. The carrier constructed for the Bond-Foley Lumber Company about 10.5 miles of railroad between Bond and McKee, Ky., the cost of which was charged, in whole or in part, to the road and equipment investment account of the carrier.

HISTORY OF CORPORATE FINANCING