Wikipedia:WikiProject Trains/ICC valuations/Roanoke River Railway

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The railroad of the Roanoke River Railway Company, hereinafter called the carrier, is a single-track standard-gauge steam railroad, located in northern North Carolina. The main line extends from Manson to Townsville, N. C., a distance of 10.806 miles. The carrier also owns 0.674 mile of yard tracks and sidings. Its road thus embraces 11.380 miles of all tracks owned. Operation of the property was discontinued in March, 1918, owing to failure of a bridge and loss of a locomotive. Operations were resumed toward the close of 1918 by the successor company.

CORPORATE HISTORY

The carrier was incorporated October 23, 1905, under the general laws of the State of North Carolina for a period of 99 years, as the North Carolina Connecting Railway Company, for the purpose of constructing and operating a railroad from a point at or near Spring Hope, N. C., to a point at or near Roxboro, N. C., a distance of about 90 miles. On March 20, 1907, by an amendment to its charter, the name of the North Carolina Connecting Railway Company was changed to the Roanoke River Railway Company. The date of organization was October 23, 1905.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the carrier, extending from a connection with the railroad of the Seaboard Air Line Railway Company at Manson to Townsville, N. C., a distance of 10.806 miles, was all acquired by construction during the period 1907 to March 1, 1908. The records reviewed do not indicate whether the construction work was performed by the company's forces or by contract. The railroad of the carrier was constructed on the roadbed of the Roanoke Valley Railroad Company. The latter company was incorporated during 1855, in the State of North Carolina, its railroad was wrecked during the civil war and its right of way reverted to the abutting landowners. The carrier acquired the roadbed as right of way.

HISTORY OF CORPORATE FINANCING