by Mike Kohutek » Tue Jun 21, 2016 12:02 pm
Thanks to Rich, Cassie and Linda...
The C&TS owns the scrap, discarded equipment, unused stuff, etc., on the grounds north and east of the engine house at Chama.
The C&TS Commssion's resolution regarding disposition of same is as follows:
RESOLVED:
In accordance with Article I of PART C of the July 1977 Amendment to the Narrow Gauge Agreement, the Commission by a unanimous vote of all of its members hereby amends both Article V (3) (b) and Article VI of Part A of said Agreement to provide a more flexible policy regarding its authority to “salvage, sell, assign, conveyor otherwise transfer title to any or all of the real and/or personal property of the Railroad” and to make use of any proceeds (i.e., collectively, “disposal of C&TSRR Property”).
C&TSRR Property is hereby classified into three distinct categories, each subject to different specific requirements and authorizations regarding any contemplated disposal:
• Category A. A unanimous vote of all the Commissioners at a duly constituted meeting of the Commission is hereby required for disposing of any C&TSRR land, “Contributing Resources” listed in the National Register, locomotives and rolling stock, or other C&TSRR Property subsequently designated by the Commission.
• Category B. The President of Cumbres Toltec Operating is hereby authorized to dispose of any C&TSRR Property not in Category A consisting of commodity-like items such as parts, materials, used shop machinery, used motor vehicles, and scrap that has a market value of less than $10,000. The President must notify the Commissioners in writing.
• Category C. The President of the CTO is hereby authorized to initiate the disposal of any C&TSRR Property not falling in Category A or Category B, with final disposition subject to a thirty-day waiting period to permit the Commission at a duly constituted meeting to consider modification or cancellation of such a disposition.
Any proceeds received from such disposal shall be retained by the Commission for use by the Railroad.
The Commission further instructs the President to issue a newly revised Policies and Practices Manual incorporating these disposal provisions.