Other editions - View all
Common terms and phrases
affiliates Arvida assets Bangor Bangor Punta bankruptcy banks Baton Rouge BEVAN bill bondholders bonds capital carrier cars cash flow Chairman Class I railroads Commission's Committee common stock conglomerate mergers Corp Corporation cost debt diversification dividend equipment Federal freight funds going guarantee Haven holding company Illinois Central income interest Interstate Commerce Commission investment Kansas City Southern lease legislation liquidation loan loss ment million O'HERRON operating passenger payment Penn Central Railroad Penn Central Transportation Penn-Central Pennsylvania Pennsylvania Co Pennsylvania Company percent PERLMAN problems profit question rail railroad industry Railway real estate reorganization court revenues road Saunders Secretary VOLPE Senator BAKER Senator Cook Senator HARTKE shares statement stockholders subsidiary Supp Terminal tion Total transactions transferred trustees U.S. Senate VANCE HARTKE WIRTZ York Central
Popular passages
Page 739 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 747 - It shall be lawful, with the approval and authorization of the Commission, as provided in subdivision (b) — "(i) for two or more carriers to consolidate or merge their properties or franchises, or any part thereof, into one corporation for the ownership, management, and operation...
Page 799 - ... what times, and in what amounts, payments, as work progresses, shall be made under this Act. Such payments shall be made by the Secretary of the Treasury, on warrants drawn by the Secretary of...
Page 747 - Carriers jointly, to purchase, lease, or contract to operate the properties, or any part thereof, of another; or for any Carrier, or two or more Carriers jointly, to acquire control of another through ownership of its stock or otherwise...
Page 964 - ... may be needed to protect the public against unreasonable risk of the occurrence of fire leading to death or personal injury, or significant property damage...
Page 746 - Commission shall make such order only if it finds that such issue or assumption: (a) is for some lawful object within its corporate purposes, and compatible with the public interest, which is necessary or appropriate for or consistent with the proper performance by the carrier of service to the public as a common carrier, and which will not impair its ability to perform that service, and (b) is reasonably necessary and appropriate for such purpose.
Page 766 - That the Commission hereby created shall have authority to inquire into the management of the business of all common carriers subject to the provisions of this act, and shall keep itself informed as to the manner and method in which the same is conducted...
Page 797 - Agriculture shall find that any project so approved by him has been constructed in compliance with said plans and specifications he shall cause to be paid to the proper authority of said State the amount set aside for said project: Provided, That the Secretary of...
Page 768 - Columbia, or to any foreign country, any article or commodity, other than timber and the manufactured products thereof, manufactured, mined, or produced by it, or under its authority, or which it may own in whole, or in part, or in which it may have any interest direct or indirect except such articles or commodities as may be necessary and intended for its use in the conduct of its business as a common carrier.
Page 683 - ... it shall be unlawful for any person,' persons, or corporation to offer, grant, or give or to| solicit, accept, or receive any rebate, concession, or discrimination...