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MATTER OF READING CO.

No. 71-828.

439 F.Supp. 389 (1977)

In the Matter of READING COMPANY, Debtor.

United States District Court, E. D. Pennsylvania.

August 11, 1977.

Attorney(s) appearing for the Case

Howard H. Lewis, James Sox, Philadelphia, Pa., for trustees.

Douglas G. Sanborn, Deputy Atty. Gen., State of N.J., Trenton, N.J., for defendant.

MEMORANDUM AND ORDER

No. 1322

DITTER, District Judge.

The Trustees of Reading Company, a railroad in reorganization, have petitioned for an order authorizing Consolidated Rail Corporation ("Conrail") to borrow $16 million from the United States Railway Association ("USRA") on their behalf, pursuant to Section 211(h)(1) of the Regional Rail Reorganization Act of 1973 ("Rail Act"), 45 U.S.C. § 721(h)(1).1 The loan...

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