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Pensacola Railroad Company
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The Florida legislature chartered the Pensacola Railroad Company in February 1877. The Pensacola Railroad Company was formed expressly to acquire the assets of the Pensacola and Louisville Railroad Company. The company did not last long, as it was acquired by the Louisiana and Nashville Railroad Company in 1870. During it's existence, it operated a line of rail track on the Alabama and Florida Railroad. The company's transfer of assets became the subject of debate in Florida's judicial system regarding taxation and constitutional provisions, among other things, 16 Fla. 791 (1878). As late as 2011, the late company's transfer of assets provides remarkable guidance in its home state. |
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