Wikipedia:WikiProject Trains/ICC valuations/Rutland, Toluca and Northern Railroad
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- CORPORATE HISTORY
The Rutland, Toluca and Northern was incorporated November 11, 1909, under the general laws of the State of Illinois, for the purpose of acquiring and operating a railroad from Rutland to Granville, Ill., with a branch line from Henry Junction to Henry, Ill. The date of organization was November 16, 1909. Pursuant to the above purpose, the Rutland, Toluca and Northern acquired the property, rights, and franchises of the Toluca, Marquette and Northern Railroad Company. The Rutland, Toluca and Northern, itself, and the above corporation, together with its predecessor, total three different corporations and comprise the line [...]
| No. | Name | Incorporation | Succession |
|---|---|---|---|
| 1 | Rutland, Toluca and Northern Railroad Company. | Under general laws of Illinois, Nov. 11, 1909. | |
| 2 | Toluca, Marquette and Northern Railroad Company. | Under general laws of Illinois, Sept. 8, 1900. | Sold at foreclosure Dec. 3, 1909, after receivership begun July 14, 1905, and acquired July 26, 1910, by 1. |
| 3 | The Toluca and Eastern Railroad Company. | Under general laws of Illinois, Oct. 11, 1897. | Sold to 2, May 15, 1902. |
- DEVELOPMENT OF FIXED PHYSICAL PROPERTY
The owned road of the Rutland, Toluca and Northern, 27.053 miles, was all acquired by purchase from the Toluca, Marquette and Northern Railroad Company on July 26, 1910, the property having been delivered to this company by the receiver on September 30, 1910.
- Purchased from Toluca, Marquette and Northern Railroad Company, July 26, 1910:
- Constructed by that company—
- Toluca to Granville, 1900-1905 21.54
- Henry Junction to Broadus, 1901-1905 5.00
- Broadus to Illinois River, right of way and partially completed roadbed only, no track laid, 4.67 miles
- Constructed by The Toluca and Eastern Railroad Company, Rutland to Toluca, Ill., 1897-1902 5.50
- 32.04
- Constructed by that company—
- Less track, Henry Junction to Broadus, taken up during 1913 5.00
- Net total 27.04
- Difference between net recorded mileage and that inventoried as of date of valuation .013
- Mileage inventoried as of date of valuation 27.053
In addition to the 27.053 miles of road shown above, this company owns fenced right of way and partially graded roadbed from Henry Junction to the Illinois River, opposite Henry, 9.67 miles.
- HISTORY OF CORPORATE FINANCING