Toledo Terminal Railroad

The carrier was incorporated December 4, 1907, under the general laws of Ohio, for the purpose of acquiring the property, rights, and franchises formerly owned by The Toledo Railway and Terminal Company, which was done.

The carrier acquired by deed dated December 4, 1907, the property, rights, and franchises of the predecessor company, which had been sold at foreclosure sale on May 28, 1907.

In addition to the foregoing, the carrier owns jointly with the Pere Marquette Railway Company 0.166-mile (0.267 km) of yard tracks and sidings.

The Cleveland, Cincinnati, Chicago and St. Louis Railway Company—Tracks, 7.08 miles (11.39 km), between—Walbridge and Stanley; for passenger trains; for indefinite period from Feb. 7, 1914; stipulated payment $1 per train-mile.

Stanley and Gould; for freight trains; for indefinite period from May 13, 1917; stipulated payment 4½ cents per car-mile, with a minimum of $1.25 per train-mile.

Solely owned, but not used, leased to—The Michigan Central Railroad Company—Land, 0.31-acre (1,300 m2), at Toledo, for the construction of track for movement of locomotives and cars; for indefinite period from Jan. 1, 1915; stipulated payment $12 per annum.

There are other facilities of minor importance, such as interlockers, yard tracks, and sidings, in which the carrier grants or receives joint use, that are not listed in this chapter.