IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

332 F.Supp. 1302 (1971)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. MORGAN GUARANTY TRUST CO., Trustee v. PENN CENTRAL TRUSTEES.

United States District Court, E. D. Pennsylvania.

September 30, 1971.


Attorney(s) appearing for the Case

Robert Blanchette and James Howard, Philadelphia, Pa., for Trustees, Penn Central Transportation Co.

Blank, Rome, Klaus & Comisky, by Marvin Comisky and Norman L. Holmes, Philadelphia, Pa., Special Counsel to Trustees, Penn Central Transportation Co.

Tate & Ervin, by W. Bourne Ruthrauff, Philadelphia, Pa., for Richard Joyce Smith, Trustee, New York, New Haven & Hartford R.R.

Davis, Polk & Wardwell, by Stephen H. Case, New York City, for Morgan Guaranty Trust Co. of New York, as Trustee.

Fox, Rothschild, O'Brien & Frankel, by Nochem S. Winnet, Philadelphia, Pa., for First Nat. City Bank of New York.

Drinker, Biddle & Reath, by Rush T. Haines, II, Philadelphia, Pa., for Chase Manhattan Bank.

Ballard, Spahr, Andrews & Ingersoll, by Morris Cheston, Jr., Philadelphia, Pa., for Girard Trust Bank, Indenture Trustee.

Morgan, Lewis & Bockius, by John N. Schaeffer, Jr., Philadelphia, Pa., for Fidelity Bank.

Willkie, Farr & Gallagher, by Walter H. Brown, Jr., New York City, for Institutional Investors, Penn Central Group.

Kelley, Drye, Warren, Clark, Carr & Ellis, by Frank H. Heiss, New York City, for Manufacturers Hanover Trust Co., as Trustee.


MEMORANDUM

FULLAM, District Judge.

The Trustees have petitioned for authorization to make certain improvements to the railroad's major interchange yard at Selkirk, New York. The proposed improvements include the construction of two additional tracks to facilitate westbound departures from the classification yard, a bridge over the departure yard area, an additional lead track, and a conductor's tower.

Substantially all east-west freight traffic to...

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