Interstate Commerce Commission Reports: Reports and Decisions of the Interstate Commerce Commission of the United States, Volume 254L.K. Strouse, 1943 |
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Common terms and phrases
4-percent applicant applicant's approximately assets available net income basis bondholders Boston & Providence branch line carrier cash Certificate issued permitting Chase National Bank Chicago claims Commission committee common stock COMPANY ABANDONMENT consolidation contingent interest cost court creditors debt December 31 Decided dividends earnings equipment expenses Finance Corporation Finance Docket first-mortgage bonds fixed charges freight Haven hereinafter holders income bonds Interstate Commerce Act issued permitting abandonment January Junction lease liability lien line of railroad ment miles modified mortgage mortgage bonds obligations Ohio Old Colony operation outstanding Pacific paid par value passenger payable payment period plan of reorganization preferred stock Previous reports principal amount prior proposed purchase Railroad Company railroad extending Reconstruction Finance Corporation refunding bonds reorganized company reorganized principal debtor respect revenues Salt Lake securities series D shares sinking fund taxes Terminal Company thereof tion trackage rights traffic trustees unpaid Yonkers York Central Railroad Youngstown
Popular passages
Page 765 - Applications for rehearing shall be governed by such general rules as the Commission may establish. No such application shall excuse any carrier from complying with or obeying any decision, order, or requirement of the Commission, or operate in any manner to stay or postpone the enforcement thereof, without the special order of the Commission.
Page 739 - 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 539 - ... 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 539 - ... the approximate amounts to be paid by the debtor, or by any corporation or corporations acquiring the debtor's assets, for expenses and fees incident to the reorganization, have been fully disclosed so far as they...
Page 539 - ... 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 146 - public interest' as thus used is not a concept without ascertainable criteria, but has direct relation to adequacy of transportation service, to its essential conditions of economy and efficiency, and to appropriate provision and best use of transportation facilities, questions to which the Interstate Commerce Commission has constantly addressed itself in the exercise of the authority conferred.
Page 304 - ... within 30 days after the controversy arises, it may be referred, by either party, to an arbitration committee for consideration and determination, the formation of which committee, its duties, procedure, expenses, et cetera, shall be agreed upon by the carrier and the employee, or his duly authorized representatives.
Page 673 - 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 the Interstate Commerce Act as now or hereafter amended.
Page 539 - A plan of reorganization within the meaning of this section (1) shall include provisions modifying or altering the rights of creditors generally, or of any class of them, secured or unsecured, either through the issuance of new securities of any character or otherwise...
Page 501 - ... of more than $50,000, in the aggregate, in any one year, with another corporation, firm, partnership or association when the said common carrier shall have upon its board of directors or as its president, manager or as its purchasing or selling officer, or agent in the particular transaction, any person who is at the same time a director, manager, or purchasing or selling officer of, or who has any substantial interest...