re: incorporation date vs. operating date

Randy Hees Wrote:
-------------------------------------------------------
> There is a difference between incorporation date,
> and first operating date.... sometimes a
> significant difference. In many cases the
> incorporation date is the "start raising capital
> to build"
>

Yes, very true. As a case in point, the Wiscasset & Quebec (forerunner of the WW&F, and still owner of much of the ROW even today) was chartered as early as 1854 but didn't actually begin laying track until 1894. It was a paper railroad for the first 40 years of its corporate existence.

Similarly, the East Broad Top was chartered in 1856 but didn't begin construction until 1872.

-Philip Marshall