Re: [MaineTwoFooters] Re: --- Wales 2 Footers and learning lessons for the Maine 2 footers.
- cvra7. Said
Colin, we have a similar ownership-operating organization here in the
States with my primary "broad (4 ft 8-1/2 in) gauge" group, the
Railroad Museum of New England, a historical not-for-profit railway
society. The RMNE set up the Naugatuck Railroad Company in 1995 to
lease 21 miles of trackage owned by the state of Connecticut. The
Naugatuck Railroad Company issued one share of stock and that is
owned by the RMNE. (The "Naugy" uses the original company name for
that stretch of line, originally built in 1848.) The state requires
this type of organization as they have no way of regulating a railway
museum but they can regulate a railroad company.
Ah now that help's me to understand how it works Stateside
Thnaks for that