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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Thu Feb 06, 2020 9:39 pm 

Joined: Mon Mar 20, 2017 5:26 pm
Posts: 456
Location: Pure Michigan
Alright, who bought it?


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Fri Feb 07, 2020 10:38 am 

Joined: Mon Aug 23, 2004 8:44 am
Posts: 693
Location: Salt Lake City, Utah
It's going in my front yard. What can I say?

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Salt Lake City, UT


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Fri Feb 07, 2020 4:56 pm 

Joined: Tue Jul 06, 2010 1:57 am
Posts: 210
davew833 wrote:
It's going in my front yard. What can I say?


Liar! It's going in MY back yard! :)


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Sat Feb 08, 2020 3:44 am 

Joined: Sun Apr 05, 2015 1:28 am
Posts: 427
Location: Ipswich, UK
The Dartmoor Railway operation in the UK was placed in Administration yesterday, which presumably means there werent any takers after it was offered for sale.
Quite what the future holds for them isn't known, though haven't seen anything about the other IP operation here, the Weardale Railway, so far. I believe the IP involvement was different in the two operations, which could be why they are not in Administration yet.

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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Sat Feb 08, 2020 12:58 pm 

Joined: Sun Aug 22, 2004 1:51 pm
Posts: 9730
Location: Somewhere east of Prescott, AZ along the old Santa Fe "Prescott & Eastern"
70000 wrote:
The Dartmoor Railway operation in the UK was placed in Administration yesterday,


I.E. the equivalent of "bankruptcy," for those in the States.......

Quote:
Going into administration is when a company becomes insolvent and is put under the management of Licensed Insolvency Practitioners. The directors and the secured lenders can appoint administrators through a court process in order to protect the company and their position as much as possible.

Administration is a very powerful process for gaining control, when a company is has serious cashflow problems, is insolvent and facing serious threats from creditors. The Court may appoint a licensed insolvency practitioner as administrator. This places a moratorium around the company and stops all legal actions.

The administration must have a purpose and the Government encourages the use of company rescue mechanisms after administration.

Under the administration option, it is possible for the company and its directors (or a creditor like the bank) to apply to the court to put the company into administration through a streamlined process, by applying to the High Court.

However, the law requires that any finance provider (like a bank or lender), with the appropriate security, is contacted and the aims of the administration be discussed and approved. The finance provider must have a fixed and floating charge (usually under a debenture) and the charge holder will need to give permission for the process to go ahead. Five days clear notice is required.


https://www.companyrescue.co.uk/guides- ... istration/


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Feb 24, 2020 11:58 pm 

Joined: Mon Mar 20, 2017 5:26 pm
Posts: 456
Location: Pure Michigan
Seven of the GP40FH's were just listed on Ozark Mountain Railcar.


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Sun Mar 01, 2020 11:04 pm 

Joined: Mon Mar 20, 2017 5:26 pm
Posts: 456
Location: Pure Michigan
LS&I #20 has been sold.


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Mar 09, 2020 11:22 am 

Joined: Mon Mar 20, 2017 5:26 pm
Posts: 456
Location: Pure Michigan
Posted on Facebook an hour ago:

SOUTHERN PACIFIC #1744 RETURNS HOME TO CALIFORNIA’s NILES CANYON RAILWAY

The Pacific Locomotive Association (PLA) is proud to announce that we have purchased and are returning a native Bay Area steam locomotive, the Southern Pacific #1744, to be rebuilt for operation on the Niles Canyon Railway. The 2-6-0 Mogul built by Baldwin in 1901 operated for many years out of Oakland on the SP Western Division and in California’s Central Valley where the Moguls were fondly called “Valley Mallets” (pronounced “Malleys”) by their crews. The locomotive was made famous in later years by operating on several of the last steam railfan excursions on the Southern Pacific. After many years of operating around the United States, the #1744 is returning home to once again operate through Niles Canyon on the last leg of the Transcontinental Railroad.

After retirement from service on the SP in 1958, the locomotive operated at the Heber Valley Railroad, moved to Texas and was restored for a brief period of operation in New Orleans. Iowa Pacific bought the locomotive and ran it on the San Luis & Rio Grande over Colorado’s La Veta Pass in tourist service during 2007 until it was sidelined with boiler issues. The locomotive was disassembled, boiler work started and then stopped. The locomotive has sat disassembled since 2008 with the boiler moving from Alabama to Texas and then back to Colorado during this time.

The Pacific Locomotive Association is currently in the process of gathering the pieces together in Colorado for shipment. The boiler will be sent to a contract shop for repairs while the rest of the locomotive will be shipped home to Niles Canyon. The PLA plan to return the #1744 to service will not be a quick or inexpensive proposition but we are looking forward to the future when she will once again steam on the Niles Canyon Railway. The non-profit all volunteer heritage railway encourages donations to help return this classic Southern Pacific Steam Locomotive to service. Please visit our Steam Website at http://plasteam.ncry.org/SP1744/historic.html to donate towards the restoration, see more information about the locomotive’s history and future progress updates as the rebuild begins. You may also donate to this project right here on our Facebook site as well. Your help is appreciated!

Photo links (from press release):

https://scontent-ort2-1.xx.fbcdn.net/v/ ... e=5E97C996

https://scontent-ort2-1.xx.fbcdn.net/v/ ... e=5E996635

https://scontent-ort2-1.xx.fbcdn.net/v/ ... e=5E92C8F8

https://scontent-ort2-1.xx.fbcdn.net/v/ ... e=5E9417E7


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Mon Mar 09, 2020 11:27 am 

Joined: Wed Sep 06, 2017 11:33 am
Posts: 114
Niles is going to be a great home for 1744! Glad to hear the news.


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Thu Mar 12, 2020 2:01 pm 

Joined: Fri Feb 14, 2020 10:43 am
Posts: 4
Where is the LS&I locomotive going? Is it going back east?


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 Post subject: Re: IPH equipment for sale by Ozark Railcar
PostPosted: Thu Oct 15, 2020 9:05 pm 

Joined: Sat Aug 25, 2007 12:45 am
Posts: 730
NS 3322 wrote:
LS&I #20 has been sold.
Nelson Acosta has posted an October 14, 2020 photograph of #20 on display in Allen, Texas:
Railpictures.net #751034

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