Corporate Genealogy
Louisville Bridge and Terminal

INTRODUCTORY

The Louisville Bridge and Terminal is a corporation of the State of Kentucky, having its principal office at Louisville, Ky. The Louisville Bridge and Terminal is controlled by the Pennsylvania Company through ownership of a majority of capital stock. The records do not indicate that it controls any common-carrier corporations. The property of the Louisville Bridge and Terminal has been operated from the date it acquired its original railroad, July 1, 1918, to date of valuation by the United States Railroad Administration.

CORPORATE HISTORY

The Louisville Bridge and Terminal was incorporated under the general laws of Kentucky, for the purpose of acquiring the property, rights, and franchises of the Pennsylvania Terminal Railway Company and the Louisville Bridge & Railroad Company. Pursuant to the above purpose, the Louisville Bridge and Terminal acquired on July 1, 1918, the property, rights, and franchises of the two corporations named. The Louisville Bridge and Terminal, itself and those two corporations, together with their predecessors, total four different corporations, of which one underwent a change of name, and comprise the line of corporate succession culminating in the Louisville Bridge and Terminal as at present constituted. The following chart shows incorporation and succession data.

No. Name Incorporation Succession
1 Louisville Bridge and Terminal Railway Company Under general laws of Kentucky through articles of consolidation dated June 20, 1918, filed June 27, 1918, effective July 1, 1918.
2 Pennsylvania Terminal Railway Company Under general laws of Kentucky, June 15, 1903. Consolidated July 1, 1918, with 4, to form 1.
3 The Falls City Belt Line Railway Company Under general laws of Kentucky, May 14, 1902. Rights and franchises assigned to L.L. Gilbert and C. H. Gibson, trustees, Apr. 17, 1903, who reassigned them to 2, June 26, 1903.
4 Louisville Bridge & Railroad Company See 5. Consolidated July 1, 1918, with 2, to form 1.
Louisville Bridge Company Special acts of the Legislature of Kentucky, approved Mar. 10, 1856, and Feb. 19, 1862. Name changed to 4, May, 22, 1918.

DEVELOPMENT OF FIXED PHYSICAL PROPERTY

The owned mileage of the Louisville Bridge and Terminal, 4.15 miles, together with its bridge and certain terminal facilities, was acquired by consolidation. Of the three corporations that comprise the line of succession culminating in the Louisville Bridge and Terminal as at present constituted, one corporation, The Falls City Belt Line Railway Company, did not construct any road or other common-carrier property. The property constructs by the remaining corporations, the years when the various portions of the line were constructed, and the manner in which the Louisville Bridge and Terminal acquired the property are indicated in the following table.

Acquired by consolidation:
      From the Pennsylvania Terminal Railway Company July 1, 1918; constructed partly by that company, 1903-1906, the remainder having been purchased from The Pittsburgh, Cincinnati, Chicago and St. Louis Railway Company, mileage inseparable. Fourteenth Street to Twenty-eighth Street, Louisville, Ky 1.28
From the Louisville Bridge & Railroad Company, July 1, 1918; constructed by that company, Clarksville, Ind., to Eleventh Street, Louisville, Ky., including bridge across the Ohio River, and branches, 1897, 1870, 1873. 2.87
TOTAL 4.15

TRAFFIC CONNECTIONS

The railroad of the Louisville Bridge and Terminal connects at Clarksville, Ind., with the line of The Pittsburgh, Cincinnati, Chicago and St. Louis Railroad Company and at Louisville, Ky., with the lines of the Louisville and Nashville Railroad Company and the Illinois Central Railroad Company.

LEASED RAILWAY PROPERTY

The property of the Louisville Bridge and Terminal devoted to common-carrier purposes has been operated by the railroad administration from the date it acquired its original property, July 1, 1918, to date of valuation. The company has accrued a rental of $132,739.71 as being due from the railroad adminstration for the year ended June 30, 1919. The arrangements of the Louisville Bridge & Railroad Company and of the Pennsylvania Terminal Railroad Company with other carriers in effect on December 31, 1917, covering the use of joint facilities have been continued during the period from January 1, 1918, to June 30, 1918, and from July 1, 1918, to date of valuation by the railroad administration. The description of the property and the terms of use are as follows, but the rental accrued and charged and credited has not been obtained.

Solely owned, but jointly used, used with Illinois Central Railroad Company: Tracks, 1.15 miles, from Pirtle Street to Kentucky Street, Louisville, Ky., Illinois Central Railroad Company pays 25 cents per freight car and 50 cents per passenger car and locomotive handled.

Jointly used, but not owned, owned by Louisville and Nashville Railroad Company: Passenger station and 0.25 miles of track in Louisville, Ky., annual rental 6 per cent interest on valuation of propertry, divided among users on cars handled in and out of station, plus proportion, on car basis, of maintenance and operations, less revenues derived from from station privileges.


Original data source: Valuation Reports Vol. 23 pp 884, 886-887, 897
Interstate Commerce Commission
Washington, DC
January 1929

Although published in 1929, the report is "...as of date of valuation" which was 30 June, 1918


HTML by Robert T. Netzlof 28 March 2001
Typographical error corrected 1 July 2002
Typographical error corrected and content expanded 21 July 2002
Typographical error corrected 21 January 2008
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