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From the 1913 annual report
http://www.railroad.net/nyc/nychrrr.html

The complete report can be found at the Railfan page

THE ST LAWRENCE & ADIRONDACK RAILWAY COMPANY
 

Incorporated July 2, 1896, under the general railroad law of the State of New York and by acts of Parliament of the Dominion of Canada, 57-58 Victoria, chapter 93, and 59 Victoria, chapter 37, and is a consolidation of The St Lawrence and Adirondack Railway Company, which was formed November 18, 1895, by consolidation of the Malone and St Lawrence Railway Company, incorporated September 10, 1891, under the laws of the State of New York, with line extending from Malone, New York, to the international boundary, opened January 11, 1892, and the St Lawrence and Adirondack Railway Company which was incorporated May 4, 1888, under the laws of the Dominion of Canada, with line extending from the international boundary to Valleyfield in the Province of Quebec, opened January 11, 1892, and the Southwestern Railway Company, incorporated May 22, 1888, by act of the Canadian Parliament, 51 Victoria, chapter 52, with line extending from Beauharnois to Caughnawaga Junction, both in the Province of Quebec, opened in 1897.

The line owned by the company extends from Malone Junction, New York, to Valleyfield in the Province of Quebec, 30.17 miles and from Beauharnois to Adirondack Junction, both in the Province of Quebec, 12.9 miles. To connect these two portions, a part of the line of the Grand Trunk Railway Company, known as the Beauharnois Junction Railroad, extending from Valleyfield to Beauharnois, a distance of 13.3 miles, was leased January 1, 1896, for a period of ninety-nine years at an annual cash rental of $10,000, and to secure access to the city of Montreal, trackage rights were acquired from the Canadian Pacific Railway Company over its line between Adirondack Junction and Montreal, a distance of 8.8 miles, with terminal facilities in the latter named city.

The New York Central and Hudson River Railroad Company became agents of The St Lawrence & Adirondack Railway Company under an agreement dated June 1, 1898, terminable upon sixty days notice in writing by either party, by which it conducts the operations of the entire line from Malone Junction to Montreal, without participating in the profits or sharing the losses of such operation.

On January 1, 1905, The New York Central and Hudson River Railroad Company acquired by purchase the entire outstanding mg capital stock of The St Lawrence & Adirondack Railway Company, but continues to operate the line under the terms of the above mentioned contract

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