Upon realizing that the historic tracks of the Central Pacific Railroad from 12th road in Marshall County, Kansas to the Marshal l/ Washington county line were to be abandoned by the Union Pacific Railroad in 2000, a group of concerned citizens and railroad enthusiasts immediately commence with the process of delaying that action in an attempt to preserve these historic tracks and, in doing so, preserve railroad history in Waterville and Blue Rapids, Marshall County and the State of Kansas. The Society was established as a nonprofit organization and raised the necessary funds in 7 days to stop the abandonment. The Society became owners of 11.98 miles of Central Branch railroad track in 2001.

The purpose is to acquire rail qualifying for abandonment for the preservation of railroad history that will allow small communities to cultivate their history and provide tourism attractions to stay viable. The Society also provide an educational experience for young people not familiar with railroads and their history.