With Pan Am's, "Adverse Discontinuance" filling with the STB last week, over the state-owned portion of the Hillsborough Branch, it got me wondering about the Conway Branch. When Guilford sold the line to NHN, did they leave a clause in it that would allowed them to take back control of operations?
The line was completely sold to the New Hampshire Northcoast therefore Pan am can't revoke operations on it. The section Milford and Bennington operates on from Wilton to the pit in Milford is owned by Pan am railways, and also a strange arrangement where Milford and Bennington got operating rights to Milford (Probably pan am wasn't interested).
The Conway Branch from Ossipee to Conway that was sold to the state indeed did have a clause that any developed "Bridge Traffic" would be paid to ST/B&M. If you developed local traffic you could avoid this, however the clause implies if the Conway branch or mountain division was used to by-pass pan am then ST would indeed have the right to be service provider.
Pan Am only owns to Wilton Station the state owns the rest (Howard St in Wilton to Bennington). I was just curious if the language in the sale agreement with NHN was similar to that of the state purchase agreements.