Wikipedia:WikiProject Trains/ICC valuations/Twin Branch Railroad

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The Twin Branch Railroad Company, hereinafter called the carrier, owns no property other than two locomotives. It leases from the Indiana & Michigan Electric Company a standard gage, steam railroad, within the State of Indiana. The main line extends southerly from a connection with The New York Central Railroad Company at a point about midway between South Bend and Elkhart to the power plant of the Indiana & Michigan Electric Company, a distance of 2.008 miles, of which 0.432 mile is double tracked. The carrier also leases 1.659 miles of yard tracks and sidings. Its operated road thus embraces 4.099 miles of all tracks used but not owned. This is an industrial railroad controlled by the American Gas & Electric Company. The carrier's principal business is switching coal cars between the trunk-line connection and the power plant of the Indiana & Michigan Electric Company.

CORPORATE HISTORY

The carrier was incorporated October 1, 1925, under general laws of Indiana for the purpose of acquiring and operating, under lease, a railroad owned by the Indiana & Michigan Electric Company, a noncarrier. The date of organization was October 13, 1925.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The carrier owns no railroad. The road operated is owned by the Indiana & Michigan Electric Company, constructed by that company between July 7, 1923, and June 10, 1924, 117 I.C.C. 167. The mileage recorded as used under lease is 2.035, and the inventoried mileage is 2.008.

HISTORY OF CORPORATE FINANCING