Interstate Commerce Commission Reports: Reports and Decisions of the Interstate Commerce Commission of the United States, Volume 290U.S. Government Printing Office, 1956 |
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Common terms and phrases
5-percent abandonment agreed plan agreement Alleghany Corporation applicant applicant's approved approximately assets authorized bondholders Cape Charles capital stock carloads carriers cash certificate claims Commission common stock connection Corporation cost court creditors debentures debtor debtor's property debtor's trustee December 31 dividends earnings employees Erie estimated expenses filed Finance Docket first-mortgage bonds first-preferred stock fixed charges freight general-mortgage handled Haven hereinafter hold cars holders income increase interest Interstate Commerce Act issued lease lien line of railroad Louis Southwestern Railway merger miles million Missouri Pacific Railroad modification Norfolk Old Point Comfort operation Orleans outstanding par value parties passenger payment percent petition petitioners plan of reorganization preferred stock principal amount prior proceeding proposed protection Public Belt rail Railway Company respect revenues section 77 securities shares Shreveport sinking fund Southern stockholders taxes terminal Texas thereof tion track trackage rights traffic Wichita Falls
Popular passages
Page 114 - After such hearing, and without any hearing if no objections are filed, the judge shall approve the plan if satisfied that : (1) It complies with the provisions of subsection (b) of this section, is fair and equitable, affords due recognition to the rights of each class of creditors and stockholders...
Page 87 - Commission shall make such order only if it finds that such issue or assumption: (a) is for some lawful object within its corporate purposes, and compatible with the public interest, which is necessary or appropriate for or consistent with the proper performance by the carrier of service to the public as a common carrier, and which will not impair its ability to perform that service, and (b) is reasonably necessary and appropriate for such purpose.
Page 27 - It complies with the provisions of subsection (b) of this section, is fair and equitable, affords due recognition to the rights of each class of creditors and stockholders, does not discriminate unfairly in favor of any class of creditors or stockholders, and will conform to the requirements of the law of the land regarding the participation of the various classes of creditors and stockholders...
Page 433 - ... rights and liabilities of creditors, and of all persons with respect to the property of the debtor and the jurisdiction of appellate courts shall be the same as if a voluntary .petition for adjudication had been filed and a decree of adjudication had been entered on the day when the debtor's petition or answer was filed...
Page 491 - ... and of all other restraints, limitations, and prohibitions of law, Federal, State, or municipal...
Page 68 - Provided, however, That said provisions shall not apply to such carriers or corporations where the par value of the securities to be issued, together with the par value of the securities then outstanding, does not exceed $500,000.
Page 64 - Congress to provide for fair and impartial regulation of all modes of transportation subject to the provisions of this Act, so administered as to recognize and preserve the inherent advantages of each; to promote safe, adequate, economical, and efficient service and foster sound economic conditions In transportation and among the several carriers...
Page 123 - At a General Session of the Interstate Commerce Commission, held at its office in Washington, DC, on the 19th day of May AD 1914.
Page 396 - For all purposes of this section unsecured claims, which would have been entitled to priority if a receiver in equity of the property of the debtor had been appointed by a Federal court on the day of the approval of the petition, shall be entitled to such priority and the holders of such claims shall be treated as a separate class or classes of creditors.
Page 361 - to promote safe, adequate, economical, and efficient service and foster sound economic conditions in transportation and among the several carriers — all to the end of developing, coordinating, and preserving a national transportation system — adequate to meet the needs of the commerce of the United States, of the postal service, and of the national defense.