Wikipedia:WikiProject Trains/ICC valuations/St. Louis, Kennett and Southeastern Railroad

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Location and general description of property.—The railroad of the St. Louis, Kennett & Southeastern Railroad Company, herein called the carrier, is a single-track, standard-gauge, steam railroad, located in Missouri and Arkansas. The main line extends northwesterly from Kennett, Mo., to Piggott, Ark., a distance of 16.905 miles. The carrier also owns 9.679 miles of yard tracks and sidings. Its road thus embraces 26.584 miles of all tracks owned and used. These tracks are classified by States in the trackage table in Appendix 1.

CORPORATE HISTORY

The carrier was incorporated March 29, 1906, under the general laws of the State of Missouri, for the stated purpose of acquiring and operating a railroad to extend from Campbell, Mo., to Kennett, Mo., with extensions. The date of organization of the carrier has not been determined.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, 16.905 miles, was acquired by it partly through purchase and partly through construction. The manner in which the carrier acquired the various portions of its line, and the years when they were constructed, are indicated below.

Acquired through purchase from trustees acting for the Campbell Lumber Co., Apr. 12, 1906; constructed by the Campbell Lumber Co., Campbell, Mo., to West Kennett, Ark., about 1895 28.00

(This property was operated as a private log road by the Campbell & St. Francis Valley Railroad Co., an unincorporated organization, from 1895 to April, 1906.)

Constructed by the carrier:

West Kennett, Ark., to Kennett, Mo., 1907 4.50

Branch from West Kennett, Ark., 1907 4.00

Extension of West Kennett branch, 1910 3.00

Ozark to Piggott, Ark., 1909 6.31

Total 17.81

45.81

Less reductions in mileage:

Campbell, Mo., to a point on the St. Francis River opposite Ozark, Ark., abandoned in 1909 12.00

Branch from West Kennett, Ark., abandoned in 1911 7.00

Other reductions, no details 6.81

25.81

20.00

Difference between total recorded mileage and mileage inventoried as of date of valuation 3.095

Mileage inventoried as of date of valuation 16.905

All mileage was originally constructed as narrow gauge, except the 6.31 miles extending from Ozark to Piggott, Ark. The remaining mileage, other than that abandoned, was converted to standard gauge in 1909.

HISTORY OF CORPORATE FINANCING