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IN RE LONG ISLAND R. CO.

Bankr. No. 47970.

100 F.Supp. 996 (1951)

In re LONG ISLAND R. CO.

United States District Court E. D. New York.

October 30, 1951.

Attorney(s) appearing for the Case

Shearman & Sterling & Wright, New York City (Boykin C. Wright, William W. Golub, and Joseph A. Doyle, all of New York City, of counsel), for the trustee.

Edward W. Bourne, New York City, for Long Island Transit Authority.

Conboy, Hewitt, O'Brien & Boardman, New York City (Bernard Sobol, New York City, of counsel), for the Pennsylvania R. and American Contract and Trust Co.

G. Burchard Smith, County Atty. of Nassau County, Mineola (Orrin G. Judd, New York City, Special Counsel), for Nassau County.

Lawrence E. Walsh, New York City (Philip Hodes, Asst. Counsel, New York City, of counsel), to Public Service Commission.

KENNEDY, District Judge.

These proceedings involve five features of the relationship between the debtor and the Pennsylvania Railroad (called hereafter "Pennsylvania"). In connection with two of these features the trustee asks for authority to enter into new contracts with the Pennsylvania. As for the other three, the trustee has made an examination of the relationships and has reached and reported certain conclusions which will be mentioned at the appropriate point...

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