Interstate Commerce Commission Reports: Reports and Decisions of the Interstate Commerce Commission of the United States, Volume 228L.K. Strouse, 1939 |
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Page 4
... PANY ET AL . TRUSTEES ABANDONMENT Submitted February 25 , 1938. Decided April 21 , 1938 1. Certificate issued ( a ) permitting abandonment by Howard S. Palmer , James Lee Loomis , and Henry B. Sawyer , trustees of the Hartford ...
... PANY ET AL . TRUSTEES ABANDONMENT Submitted February 25 , 1938. Decided April 21 , 1938 1. Certificate issued ( a ) permitting abandonment by Howard S. Palmer , James Lee Loomis , and Henry B. Sawyer , trustees of the Hartford ...
Page 23
... pany , and ( b ) permit abandonment by said trustees of The New York , New Haven and Hartford Railroad Company of parts of lines of rail- road in Columbia and Dutchess Counties , N. Y. , described in the application in Finance Docket No ...
... pany , and ( b ) permit abandonment by said trustees of The New York , New Haven and Hartford Railroad Company of parts of lines of rail- road in Columbia and Dutchess Counties , N. Y. , described in the application in Finance Docket No ...
Page 27
... pany's guaranteed 5 - percent bonds , and $ 1,800,368 of interest on the same company's first refunding mortgage 4 - percent bonds . The applicant asserts that no agreement has been made or will be made by it to pay , either directly or ...
... pany's guaranteed 5 - percent bonds , and $ 1,800,368 of interest on the same company's first refunding mortgage 4 - percent bonds . The applicant asserts that no agreement has been made or will be made by it to pay , either directly or ...
Page 30
... pany has no bonds outstanding , while the latter has issued $ 2,500,000 of first - mortgage bonds , of which $ 1,855,000 are pledged under the El Paso & Southwestern first and refunding mortgage . The main line of the El Paso ...
... pany has no bonds outstanding , while the latter has issued $ 2,500,000 of first - mortgage bonds , of which $ 1,855,000 are pledged under the El Paso & Southwestern first and refunding mortgage . The main line of the El Paso ...
Page 32
... pany , lying between Niles and Redwood City , Calif . , 16.2 miles , were acquired by the Central Pacific Railway Company in 1912 , and are subject to the lien of the mortgage under which the 6 - percent bonds in the amount of ...
... pany , lying between Niles and Redwood City , Calif . , 16.2 miles , were acquired by the Central Pacific Railway Company in 1912 , and are subject to the lien of the mortgage under which the 6 - percent bonds in the amount of ...
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Common terms and phrases
4-percent bonds 5-percent agreement Akron Albert Lea applicant applicant's approved approximately April authority bondholders branch line capital stock carloads carrier cars certificates Chicago Cleveland Company coal COMMISSION DIVISION COMMISSIONERS MEYER committee common stock connection cost County court debtor equipment estimated exceeding filed Finance Corporation first-mortgage bonds fixed charges Fort Dodge freight fund Galveston gold bonds hereinafter holders I. C. C. FINANCE DOCKET income Indianapolis & Louisville interest Interstate Commerce Act Iowa issued lease lessee lessor lien line of railroad loan Louis Louisville branch MAHAFFIE BY DIVISION maintenance Mason City maturity ment miles Minneapolis & St mortgage Northern notes outstanding pany par value payment permit abandonment pledge preferred stock principal amount proceedings proposed pursuant rail Railroad Company Railway Company railway operating Reconstruction Finance Corporation section 77 segments series-B bonds shares terminal thereof tion trackage rights truck trustee York Central York Central Railroad
Popular passages
Page 585 - ... shall provide for fixed charges (including fixed interest on funded debt, interest on unfunded debt, amortization of discount on funded debt, and rent for leased railroads) in such an amount that, after due consideration of the probable prospective earnings of the property in light of its earnings experience and all other relevant facts, there shall be adequate coverage of such fixed charges by the probable earnings available for the payment thereof...
Page 585 - Interest on funded debt Interest on unfunded debt Amortization of discount on funded debt Maintenance of investment organization Income transferred to other companies Miscellaneous income charges Total deductions from gross income...
Page 227 - That in the case of loans to or the purchase or guarantee of obligations, including equipment trust certificates, of railroads not in receivership or trusteeship, the Interstate Commerce Commission shall, in connection with its approval thereof, also certify that such railroad, on the basis of present and prospective earnings, may reasonably be expected to meet its fixed charges, without a reduction thereof through judicial reorganization...
Page 382 - ... makes adequate provision for fair and equitable treatment for the interests or claims of those rejecting it...
Page 167 - Every obligation, heretofore or hereafter incurred, whether or not any such provision is contained therein or made with respect thereto, shall be discharged upon payment, dollar for dollar, in any coin or currency which at the time of payment is legal tender for public and private debts.
Page 386 - Upon confirmation of a plan the Commission shall, without further proceedings, grant authority for the issue of any securities, assumption of obligations, transfer of any property, sale, consolidation or merger of the debtor's property, or pooling of traffic, to the extent contemplated by the plan and not inconsistent with the provisions and purposes of chapter 1 of Title 49 as on August 27, 1935, or thereafter amended.
Page 176 - An Act to establish a uniform system of bankruptcy throughout the United States," as amended, is hereby amended to read as follows: "Ssc.
Page 535 - ... may make an allowance to be paid out of the debtor's estate for the actual and reasonable expenses incurred in connection with the proceedings and plan and reasonable compensation for services in connection therewith by trustees under indentures, depositaries and such assistants as the Commission with the approval of the judge may especially employ.
Page 585 - plan of composition," within the meaning of this chapter, may include provisions modifying or altering the rights of creditors generally, or of any class of them, secured or unsecured, either through issuance of new securities of any character, or otherwise, and may contain such other provisions and agreements not inconsistent with this chapter as the parties may desire.
Page 363 - The country at large may not fully realize what it is facing in the field of transportation and all that is connected with it. What is said here so briefly is intended both as a small contribution to general public thought on the subject and as a public notice of what in my judgment the country is up against. To be warranted in drawing a contrary picture would be a pleasanter undertaking.