Wikipedia:WikiProject Trains/ICC valuations/Tampa and Gulf Coast Railroad

http://books.google.com/books?id=y-5DAAAAIAAJ

The railroad of the Tampa & Gulf Coast Railroad Company, herein called the Tampa & Gulf Coast, is a single-track, standard-gage steam railroad, located in the western part of Florida. The owned mileage consists of a main line, extending from Gulf Coast Junction to St. Petersburg, a distance of 47.491 miles, with branches extending to Tarpon Springs, Port Richey, and Indian Beach aggregating 31.765 miles, or a total of 79.256 miles of main track. The Tampa & Gulf Coast also owns 7.217 miles of yard tracks and sidings. Its road thus embraces 86.473 miles of all tracks owned.

CORPORATE HISTORY

The Tampa & Gulf Coast was incorporated February 11, 1913, under the General Incorporation Law of the State of Florida.

The purpose of the incorporation was to construct, acquire, and operate a railroad from a point on the Tampa Northern Railroad north of the Hillsborough River to Tarpon Springs, with a branch to Port Richey. The Tampa & Gulf Coast was later authorized to extend the line to St. Petersburg and to construct branches to Indian Rock and to Dunedin.

The date of organization was May 19, 1913.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The road owned by the Tampa & Gulf Coast on date of valuation had been acquired by it as indicated hereunder:

By purchase from Tampa and Gulf Coast Railway:

Lake Fern to Tarpon Springs May 19, 1913 13.56

Lake Villa to Port Richey May 19, 1913 7.01

By construction:

Tarpon Junction to Lake Fern June, 1913 Mar. 18, 1914 8.00

Gulf Coast Junction to Clearwater June, 1913 Apr. 1, 1914 26.00

Clearwater to St. Petersburg June, 1913 Sept. 22, 1914 21.48

Indian Beach Junction to Indian Beach December, 1914 June, 1915 3.10

Total 79.15

Difference between total recorded mileage and mileage inventoried as of date of valuation 0.106

Mileage inventoried as of date of valuation 79.256

HISTORY OF CORPORATE FINANCING

TAMPA AND GULF COAST RAILWAY—PREDECESSOR OF THE TAMPA & GULF COAST RAILROAD COMPANY

INTRODUCTORY

The Tampa and Gulf Coast Railway was a corporation of the State of Florida. The company owned and operated on date of sale, May 19, 1913, about 29 miles of single-track, standard-gage steam railroad, all in Florida. Its main line extended from Lutz, via Lake Fern, to Tarpon Springs, 22 miles, and its branch line extended from Lake Villa to Port Richey. The Tampa and Gulf Coast Railway operated its property with its own organization from the dates acquired until the date of sale.

The accounting records of the Tampa and Gulf Coast Railway covering the period prior to July 1, 1911, were not obtained. On that date new books of account were opened, in which were entered certain amounts stated to be balances transferred from old books. The details of such amounts were not obtained, and for that reason only partial information can be given respecting the company's finances, results of operation, investments, and original cost of property.

CORPORATE HISTORY

The Tampa and Gulf Coast Railway was incorporated August 28, 1909, under the General Railroad Incorporation Act of Florida. The purpose for which it was incorporated was to construct and operate a railroad from Lutz to Tarpon Springs, together with branch lines. The date of organization was September 17, 1909.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The road owned by the Tampa and Gulf Coast Railway on the date of sale had been acquired by it as indicated hereunder.

Termini	Date		Recorded mileage
	Construction commenced	Acquired for operation
By purchase from—
Gulf Pine Company, Lutz (via Lake Fern) to Gulf Pine, purchased Sept. 17, 1909.			10
Placed in operation in		September, 1910
J. M. Weeks & Company, Lake Villa to Port Richey		December, 1912	7.2
By construction, Gulf Pine to Tarpon Springs	September, 1909	September, 1910	11
Total road mileage owned on date of sale			28.2

HISTORY OF CORPORATE FINANCING