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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

328 F.Supp. 1269 (1971)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor (Order No. 254). Petition of PHILADELPHIA and TRENTON RAILROAD COMPANY for AMENDMENT of ORDER NO. 168.

United States District Court, E. D. Pennsylvania.

May 13, 1971.

Attorney(s) appearing for the Case

Goncer M. Krestal, Blank, Rome, Klaus & Comisky, Philadelphia, Pa., for Trustees, Penn Central Transportation Co.

Charles A. Wolfe, Montgomery, McCracken, Walter & Rhoads, Philadelphia, Pa., for Philadelphia & Trenton Railroad Co.

Richardson Blair, Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., for Girard Trust Bank.

Thomas J. Profy, III, Begley, Carlin, Mandio, Kelton & Popkin, Bristol, Pa., for Bucks County Housing Authority.

MEMORANDUM

FULLAM, District Judge.

On February 22, 1971, I entered Order No. 168, authorizing the Trustees to sell certain real estate in the Borough of Bristol, Bucks County, Pennsylvania, free of lien. The Order provided that "all liens on the property conveyed pursuant to this Order shall attach to the proceeds from the conveyance, in the respective order of priorities thereof", and directed the deposit of the proceeds, subject to the further order of...

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