Railroad operations : report to the 1983 General Assembly of North Carolina - Page 11 |
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COMMITTEE PROCEEDINGS
The Committee on the State's Interests in Railroad
Properties in its report to the 1982 regular session of the
General Assembly recommended enactment of a bill to appro-priate
funds for an independent expert evaluation of the
state's interests in the North Carolina Railroad Company
and the Atlantic and North Carolina Railroad Company, and to
receive proposals for the state's interests and conduct
negotiations.
That proposed bill was introduced as House Bill 1599,
and, as amended, ratified as Chapter 1372, Session Laws of
1981, Regular Session 1982 (attached as Appendix D) . (Section
7 of the bill was added in the House and is unrelated).
The staff requested proposals for an appraisal of the
railroad as a going concern, and separate proposals for
evaluation of 46 parcels of real property owned by one or
the other railroad. A list of the parcels appears as Ap-pendix
E. The parcels of real property had been identified
by staff after an inspection of property tax records (authorized
by House Bill 1599) and records supplied by Southern Railway
at its offices in Greensboro, Atlanta, and Washington, D. C.
Staff physically inspected each of the parcels.
Proposals for appraisal of the railroad as a going con-cern
were received from Printon, Kane Research Incorporated
and from American Appraisal Company. Proposals for appraisal
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| Title | Railroad operations : report to the 1983 General Assembly of North Carolina - Page 11 |
| Full Text | COMMITTEE PROCEEDINGS The Committee on the State's Interests in Railroad Properties in its report to the 1982 regular session of the General Assembly recommended enactment of a bill to appro-priate funds for an independent expert evaluation of the state's interests in the North Carolina Railroad Company and the Atlantic and North Carolina Railroad Company, and to receive proposals for the state's interests and conduct negotiations. That proposed bill was introduced as House Bill 1599, and, as amended, ratified as Chapter 1372, Session Laws of 1981, Regular Session 1982 (attached as Appendix D) . (Section 7 of the bill was added in the House and is unrelated). The staff requested proposals for an appraisal of the railroad as a going concern, and separate proposals for evaluation of 46 parcels of real property owned by one or the other railroad. A list of the parcels appears as Ap-pendix E. The parcels of real property had been identified by staff after an inspection of property tax records (authorized by House Bill 1599) and records supplied by Southern Railway at its offices in Greensboro, Atlanta, and Washington, D. C. Staff physically inspected each of the parcels. Proposals for appraisal of the railroad as a going con-cern were received from Printon, Kane Research Incorporated and from American Appraisal Company. Proposals for appraisal |
