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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. Bky. 70-347.

366 F.Supp. 62 (1973)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re Dismantling of LAKE PLACID BRANCH TRACK.

United States District Court, E. D. Pennsylvania.

November 9, 1973.

Attorney(s) appearing for the Case

James E. Howard, Philadelphia, for the Trustees of the PCTC.

Eugene I. Selker, Selker, Einbund & Rubenstein, Cleveland, Ohio, for Young-Posen, Inc.

John C. McTiernan, Albany, N. Y., for Dept. of Transportation, State of New York.

F. Martin Bowne, Davies, Hardy, Ives & Lawther, New York City, for Irving Trust Co., indenture trustee.

MEMORANDUM AND ORDER NO. 1372

FULLAM, District Judge.

A portion of the Debtor's rail system known as the Lake Placid Branch extends from Remsen, New York to Lake Placid, New York, a distance of approximately 118 miles. Pursuant to § 1(18) of the Interstate Commerce Act, the Interstate Commerce Commission, by an order effective July 14, 1972, authorized the Trustees to abandon the Lake Placid Branch (Finance Docket No. 26567, sub-No. 2). The Trustees...

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