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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

367 F.Supp. 922 (1973)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY. In re LEASE OF 200 PRESSURE DIFFERENTIAL CARS.

United States District Court, E. D. Pennsylvania.

December 12, 1973.

Attorney(s) appearing for the Case

Richard Walkovets, Philadelphia, Pa., for Trustees, PCTC.

George G. Gallantz and James J. Fuld, New York City, for Bank of N. Y. and eight other trustees.

Richardson Blair, Philadelphia, Pa., for Girard Trust Bank.

Morris Raker, Boston, Mass., Richard Joyce Smith, North Branford, Conn., Trustee of New York, New Haven & Hartford.

MEMORANDUM AND ORDER NO. 1399

FULLAM, District Judge.

Order No. 1389 in these proceedings, entered on December 3, 1973, authorizes the Trustees to acquire, by lease, 200 pressure differential freight cars, designed for use in transporting dry cement and similar materials. Half of the new cars are replacements for a like number of similar cars which, although leased only a year ago, have proved to be defective and unuseable. The remainder of the new cars...

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